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 |