2 false false false false false false false false false true false false false false false true No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 8,421 xbrli:pure xbrli:shares iso4217:GBP 07420717 2023-01-01 2023-12-31 07420717 2023-12-31 07420717 2022-12-31 07420717 bus:Director2 2023-01-01 2023-12-31 07420717 core:WithinOneYear 2023-12-31 07420717 core:WithinOneYear 2022-12-31 07420717 core:ShareCapital 2023-12-31 07420717 core:ShareCapital 2022-12-31 07420717 core:RetainedEarningsAccumulatedLosses 2023-12-31 07420717 core:RetainedEarningsAccumulatedLosses 2022-12-31 07420717 core:CostValuation core:Non-currentFinancialInstruments 2023-12-31 07420717 core:Non-currentFinancialInstruments 2023-12-31 07420717 core:Non-currentFinancialInstruments 2022-12-31 07420717 core:RevaluationInvestmentPropertyDeferredTax 2023-12-31 07420717 core:RevaluationInvestmentPropertyDeferredTax 2022-12-31 07420717 core:DeferredTaxation 2023-12-31 07420717 bus:SmallEntities 2023-01-01 2023-12-31 07420717 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 07420717 bus:FullAccounts 2023-01-01 2023-12-31 07420717 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07420717 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 07420717
Brentpark (Harrow) Ltd
Filleted Unaudited Financial Statements
31 December 2023
Brentpark (Harrow) Ltd
Balance Sheet
31 December 2023
2023
2022
Note
£
£
Fixed assets
Investments
5
225,100
225,100
Current assets
Debtors
6
11,223
Cash at bank and in hand
4,009
4,589
-------
--------
4,009
15,812
Creditors: amounts falling due within one year
7
572,860
543,396
---------
---------
Net current liabilities
568,851
527,584
---------
---------
Total assets less current liabilities
( 343,751)
( 302,484)
Provisions
Taxation including deferred tax
8
8,421
8,421
---------
---------
Net liabilities
( 352,172)
( 310,905)
---------
---------
Capital and reserves
Called up share capital
300,000
300,000
Profit and loss account
10
( 652,172)
( 610,905)
---------
---------
Shareholders deficit
( 352,172)
( 310,905)
---------
---------
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 .
Brentpark (Harrow) Ltd
Balance Sheet (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 15 August 2024 , and are signed on behalf of the board by:
Mr H Shah
Director
Company registration number: 07420717
Brentpark (Harrow) 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.
Deferred tax
Deferred Tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
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. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: Nil).
5. Investments
Shares in group undertakings
Investment properties
Total
£
£
£
Cost
At 1 January 2023 and 31 December 2023
100
225,000
225,100
----
---------
---------
Impairment
At 1 January 2023 and 31 December 2023
----
---------
---------
Carrying amount
At 31 December 2023
100
225,000
225,100
----
---------
---------
At 31 December 2022
100
225,000
225,100
----
---------
---------
The company's investment properties were valued by the directors as at the reporting date on an open market basis. No depreciation is provided on these properties.
The company owns 100% of the issued share capital of Alpha Court (UK) Limited, a company incorporated in England & Wales.
6. Debtors
2023
2022
£
£
Other debtors
11,223
----
--------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
22,000
2,818
Other creditors
550,860
540,578
---------
---------
572,860
543,396
---------
---------
8. Provisions
Deferred tax (note 9)
£
At 1 January 2023 and 31 December 2023
8,421
-------
9. Deferred tax
The deferred tax included in the balance sheet is as follows:
2023
2022
£
£
Included in provisions (note 8)
8,421
8,421
-------
-------
The deferred tax account consists of the tax effect of timing differences in respect of:
2023
2022
£
£
Fair value adjustment of investment property
8,421
8,421
-------
-------
10. Reserves
2023 2022
£ £
Distributable reserves (688,071) (646,804)
Fair value gain on investment properties 35,899 35,899
--------- ---------
(652,172) (610,905)
--------- ---------
11. Parent company
The ultimate parent company is Brentpark Limited, a company incorporated in England and Wales.