Company Registration No. 09722577 (England and Wales)
Brentwood Properties Ltd
Unaudited accounts
for the year ended 31 December 2023
Brentwood Properties Ltd
Unaudited accounts
Contents
Brentwood Properties Ltd
Company Information
for the year ended 31 December 2023
Company Number
09722577 (England and Wales)
Registered Office
The Old Pump House, Railway Road
Withnell
Chorley
Lancashire
PR6 8UA
United Kingdom
Brentwood Properties Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
2,277,863
2,298,013
Cash at bank and in hand
7,993
-
Creditors: amounts falling due within one year
(205,207)
(244,585)
Net current liabilities
(196,714)
(244,585)
Total assets less current liabilities
2,081,149
2,053,428
Creditors: amounts falling due after more than one year
(1,565,206)
(1,641,702)
Net assets
515,943
411,726
Called up share capital
1
1
Profit and loss account
515,942
411,725
Shareholders' funds
515,943
411,726
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 5 September 2024 and were signed on its behalf by
P. X. McGuigan
Director
Company Registration No. 09722577
Brentwood Properties Ltd
Notes to the Accounts
for the year ended 31 December 2023
Brentwood Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 09722577. The registered office is The Old Pump House, Railway Road, Withnell, Chorley, Lancashire, PR6 8UA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Freehold land is not depreciated. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over 50 years (buildings only)
Plant & machinery
Over 5 years
Fixtures & fittings
Over 5 years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
4
Tangible fixed assets
Land & buildings
At 1 January 2023
2,404,478
At 31 December 2023
2,404,478
Charge for the year
20,150
At 31 December 2023
126,615
At 31 December 2023
2,277,863
At 31 December 2022
2,298,013
Brentwood Properties Ltd
Notes to the Accounts
for the year ended 31 December 2023
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
62,751
85,649
Taxes and social security
38,198
21,866
Other creditors
50,950
80,950
Loans from directors
51,826
55,769
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
462,390
518,886
Other creditors
1,102,816
1,122,816
Aggregate of amounts that fall due for payment after five years
752,816
1,147,888
Bank loans are secured by way of a first legal charge on the freehold properties to which the loans relate, together with a debenture on the company and a limited guarantee from an associated entity.
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).