Registered number
04998326
Brondesbury Lodge Limited
Filleted Accounts
31 December 2023
Brondesbury Lodge Limited
Registered number: 04998326
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 110,000 132,000
Tangible assets 4 382,021 396,146
492,021 528,146
Current assets
Stocks 2,340 2,190
Debtors 5 1,361 -
Cash at bank and in hand 612,505 490,854
616,206 493,044
Creditors: amounts falling due within one year 6 (131,531) (107,494)
Net current assets 484,675 385,550
Net assets 976,696 913,696
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 975,696 912,696
Shareholders' funds 976,696 913,696
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 and delivered 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.
J S Guram
Director
Approved by the board on 25 April 2024
Brondesbury Lodge 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 (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 46 45
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2023 330,000
At 31 December 2023 330,000
Amortisation
At 1 January 2023 198,000
Provided during the year 22,000
At 31 December 2023 220,000
Net book value
At 31 December 2023 110,000
At 31 December 2022 132,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 582,498 86,084 668,582
At 31 December 2023 582,498 86,084 668,582
Depreciation
At 1 January 2023 201,980 70,456 272,436
Charge for the year 11,000 3,125 14,125
At 31 December 2023 212,980 73,581 286,561
Net book value
At 31 December 2023 369,518 12,503 382,021
At 31 December 2022 380,518 15,628 396,146
5 Debtors 2023 2022
£ £
Trade debtors 1,361 -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 10,607 14,117
Corporation tax 88,847 72,995
Other taxes and social security costs 22,200 20,382
Other creditors 9,877 -
131,531 107,494
7 Directors advances, credits and controlling party
The director has, from time to time, advanced funds to the company. Such loans are interest- free, unsecured and repayable on demand.The company is controlled by the directors, Mr G & J Guram who is also the main shareholder.
8 Other information
Brondesbury Lodge Limited is a private company limited by shares and incorporated in England. Its registered office is:
130 Marvels Lane
London
SE12 9PG
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