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COMPANY REGISTRATION NUMBER: 09407831
Brent House Development Ltd
Filleted Unaudited Financial Statements
31 December 2023
Brent House Development Ltd
Balance Sheet
31 December 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
86,997
86,997
Current assets
Cash at bank and in hand
18
138
Creditors: amounts falling due within one year
5
139,735
142,863
---------
---------
Net current liabilities
139,717
142,725
---------
---------
Total assets less current liabilities
( 52,720)
( 55,728)
--------
--------
Net liabilities
( 52,720)
( 55,728)
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
( 52,820)
( 55,828)
--------
--------
Shareholders deficit
( 52,720)
( 55,728)
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 31 July 2024 , and are signed on behalf of the board by:
Mr M Patel
Director
Company registration number: 09407831
Brent House Development Ltd
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 9A The Broadway, Stanmore, Middlesex, HA7 4DA, UK.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Borrowing costs
Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying capital asset forms part of the cost of that asset and, therefore are capitalised. other borrowing costs are recognised as an expense through profit and loss.
Revenue recognition
The rental income shown in the profit and loss account represents amounts receivable for the period
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investment properties are revalued annually to their fair value and any surplus or deficit is dealt with through profit and loss. No depreciation or amortisation is provided in respect of investment properties.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Investments
Shares in group undertakings
Investment properties
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
100
86,897
86,997
----
--------
--------
Impairment
At 1 January 2023 and 31 December 2023
----
--------
--------
Carrying amount
At 31 December 2023
100
86,897
86,997
----
--------
--------
At 31 December 2022
100
86,897
86,997
----
--------
--------
The valuation of the company's investment property was carried out at the year end by the directors on a open market basis. No depreciation is provided in respect of these properties.
The company owns 100% of the issued share capital of Jenga Court Limited, a company incorporated in England & Wales.
5. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
21,598
21,598
Other creditors
118,137
121,265
---------
---------
139,735
142,863
---------
---------