Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.falsetrue2022-12-01No description of principal activityfalse11true 12708817 2022-12-01 2023-11-30 12708817 2021-07-01 2022-11-30 12708817 2023-11-30 12708817 2022-11-30 12708817 c:Director1 2022-12-01 2023-11-30 12708817 d:FreeholdInvestmentProperty 2022-12-01 2023-11-30 12708817 d:FreeholdInvestmentProperty 2023-11-30 12708817 d:FreeholdInvestmentProperty 2022-11-30 12708817 d:CurrentFinancialInstruments 2023-11-30 12708817 d:CurrentFinancialInstruments 2022-11-30 12708817 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 12708817 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 12708817 d:ShareCapital 2023-11-30 12708817 d:ShareCapital 2022-11-30 12708817 d:RetainedEarningsAccumulatedLosses 2023-11-30 12708817 d:RetainedEarningsAccumulatedLosses 2022-11-30 12708817 c:OrdinaryShareClass1 2022-12-01 2023-11-30 12708817 c:OrdinaryShareClass1 2023-11-30 12708817 c:OrdinaryShareClass1 2022-11-30 12708817 c:FRS102 2022-12-01 2023-11-30 12708817 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 12708817 c:FullAccounts 2022-12-01 2023-11-30 12708817 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 12708817 2 2022-12-01 2023-11-30 12708817 6 2022-12-01 2023-11-30 12708817 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12708817










BRIMSTONE LIVING 4 LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
BRIMSTONE LIVING 4 LTD
REGISTERED NUMBER: 12708817

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Investments
  
100
100

Investment property
 5 
462,157
426,509

  
462,257
426,609

Current assets
  

Debtors: amounts falling due within one year
 6 
-
102

Cash at bank and in hand
 7 
32,743
42,954

  
32,743
43,056

Current liabilities
  

Creditors: amounts falling due within one year
 8 
(501,064)
(483,303)

Net current liabilities
  
 
 
(468,321)
 
 
(440,247)

Total assets less current liabilities
  
(6,064)
(13,638)

Net liabilities
  
(6,064)
(13,638)


Capital and reserves
  

Called up share capital 
 9 
102
102

Profit and loss account
  
(6,166)
(13,740)

  
(6,064)
(13,638)


Page 1

 
BRIMSTONE LIVING 4 LTD
REGISTERED NUMBER: 12708817

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




J D Copas
Director

Date: 29 August 2024

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BRIMSTONE LIVING 4 LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Brimstone Living 4 Ltd is a limited liability company incorporated in England and Wales. 
The address of its registered office is 2 Communications Road, Greenham Business Park, Greenham, Newbury, Berkshire, RG19 6AB.
The comparative reporting period was for 17 months from 01 July 2021 to 30 November 2022 as the Company's year end was extended from 30 June 2022. The current reporting period is for 12 months only.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

  
2.3

Revenue

Revenue represents rents receivable from investment properties.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the
consideration received or receivable, excluding discounts, rebates, value added tax and other sales
taxes.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Investment property

Investment property is carried at fair value determined annually by external valuers or the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
BRIMSTONE LIVING 4 LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 4

 
BRIMSTONE LIVING 4 LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2022
100



At 30 November 2023
100


5.


Investment property


Freehold investment property

£



Valuation


At 1 December 2022
426,509


Additions at cost
35,648



At 30 November 2023
462,157

The 2023 valuations were made by the Director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
462,157
426,509

462,157
426,509

Page 5

 
BRIMSTONE LIVING 4 LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

6.


Debtors

2023
2022
£
£

Called up share capital not paid
-
102



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
32,743
42,954



8.


Creditors: amounts falling due within one year

2023
2022
£
£

Other loans
363,196
363,196

Amounts owed to group undertakings
74,313
74,415

Other creditors
11,250
11,250

Accruals and deferred income
52,305
34,442

501,064
483,303



9.


Share capital

2023
2022
£
£
Allotted and called up



102 (2022 - 102) Ordinary shares of £1 each
102
102


Page 6

 
BRIMSTONE LIVING 4 LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

10.


Related party transactions

Included within creditors is an amount of £74,213 (2022 - £74,315) owed to Brimstone Living Ltd, the Company's parent company. These loans are unsecured, are repayable on demand and interest of 8% per annum is being charged.
Included within creditors is an amount of £74,315 (2022 - £74,315) owed to Millbank Developments, a participator in the Company. These loans are unsecured, are repayable on demand and interest of 8% per annum is being charged.
Included within creditors is an amount of £73,903 (2022 - £73,903) owed to Simon Bishop, a participator in the Company. These loans are unsecured, are repayable on demand and interest of 8% per annum is being charged.
Included within creditors is an amount of £215,000 (2022 - £215,000) owed to Simon Bishop, a participator in the Company. Interest of 4.25% above the Bank of England base rate is being charged on these loans and are secured by the way of a charge against a Company asset. These loans are repayable on demand.
Included within creditors is an amount of £100 (2022 - £100) owed to Brimstone Living 5 Ltd, a subsidiary of the Company. These amounts are interest free, unsecured and are repayable upon demand.


11.


Controlling party

The company is controlled by Brimstone Living Ltd.


Page 7