Registered number
05263735
Brody House Management Limited
Filleted Accounts
31 December 2023
Brody House Management Limited
Registered number: 05263735
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 161,775 161,775
Current assets
Debtors 4 5,613 4,687
Cash at bank and in hand 4,080 12,960
9,693 17,647
Creditors: amounts falling due within one year 5 (19,020) (27,009)
Net current liabilities (9,327) (9,362)
Total assets less current liabilities 152,448 152,413
Creditors: amounts falling due after more than one year 6 (57,525) (59,924)
Net assets 94,923 92,489
Capital and reserves
Profit and loss account 94,923 92,489
Members' funds 94,923 92,489
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A D Brampton
Director
Approved by the board on 10 March 2024
Brody House Management Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 161,775
At 31 December 2023 161,775
Depreciation
At 31 December 2023 -
Net book value
At 31 December 2023 161,775
At 31 December 2022 161,775
4 Debtors 2023 2022
£ £
Trade debtors 5,613 4,687
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 3,530 3,530
Trade creditors 567 540
Amounts owed to group undertakings and undertakings in which the company has a participating interest 8,839 14,923
Corporation tax 571 2,379
Other creditors 5,513 5,637
19,020 27,009
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 57,525 59,924
7 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 43,930 46,329
Secured bank loans 61,055 63,454
The bank loan of £61,055 (2022 - £63,454) is secured over the freehold interest in Brody House and is repayable over a period of twenty years in monthly instalments with interest being charged at 3.26% above bank base rate.

In 2005 the company acquired the freehold of Brody House using a loan from members of £71,755 together with the bank loan referred to above. £39,000 was repaid in 2015 to members, with the balance of £32,755 repaid in 2017. The members' loan was interest free.
8 Other information
Brody House Management Limited is a private company limited by guarantee and incorporated in England. The directors, who are all members, are required to provide £1 in the event of a liquidation. Its registered office is:
Isola House
32 Chequer Street
FENSTANTON
Cambs
PE28 9JQ
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