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REGISTERED NUMBER: 11803168 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

MADISON BROOK (ESTATES) LIMITED

MADISON BROOK (ESTATES) LIMITED (REGISTERED NUMBER: 11803168)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


MADISON BROOK (ESTATES) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J R Lipper
R J Lucy





REGISTERED OFFICE: Railway Arches
8a Chancel Street
London
SE1 0UR





REGISTERED NUMBER: 11803168 (England and Wales)





ACCOUNTANTS: Andrew Cross & Co.
Chartered Certified Accountants
6 Green Lane Business Park
238 Green Lane
New Eltham
London
SE9 3TL

MADISON BROOK (ESTATES) LIMITED (REGISTERED NUMBER: 11803168)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 228,672 177,040
Investment property 5 5,130,000 5,003,794
5,358,672 5,180,834

CURRENT ASSETS
Debtors 6 4,207 4,989
Cash at bank and in hand 18,229 11,981
22,436 16,970
CREDITORS
Amounts falling due within one year 7 153,412 193,579
NET CURRENT LIABILITIES (130,976 ) (176,609 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,227,696

5,004,225

CREDITORS
Amounts falling due after more than one
year

8

(4,089,431

)

(4,012,491

)

PROVISIONS FOR LIABILITIES (292,137 ) (230,035 )
NET ASSETS 846,128 761,699

CAPITAL AND RESERVES
Called up share capital 100 1
Other reserves 876,409 811,435
Retained earnings (30,381 ) (49,737 )
SHAREHOLDERS' FUNDS 846,128 761,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

MADISON BROOK (ESTATES) LIMITED (REGISTERED NUMBER: 11803168)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:




J R Lipper - Director



R J Lucy - Director


MADISON BROOK (ESTATES) LIMITED (REGISTERED NUMBER: 11803168)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Madison Brook (Estates) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Madison Brook (Estates) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

MADISON BROOK (ESTATES) LIMITED (REGISTERED NUMBER: 11803168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 177,040
Additions 77,040
Impairments (25,408 )
At 31 December 2023 228,672
NET BOOK VALUE
At 31 December 2023 228,672
At 31 December 2022 177,040

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 5,003,794
Additions (870 )
Revaluations 127,076
At 31 December 2023 5,130,000
NET BOOK VALUE
At 31 December 2023 5,130,000
At 31 December 2022 5,003,794

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 5,130,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 4,207 4,989

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 83,674 83,674
Other creditors 69,738 109,905
153,412 193,579

MADISON BROOK (ESTATES) LIMITED (REGISTERED NUMBER: 11803168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 2,816,128 2,816,228
Amounts owed to group undertakings - 1,196,263
Other creditors 1,273,303 -
4,089,431 4,012,491

Included under creditors over one year is an amount of £1,273,303 which relates to the balance of monies owed to a related company by virtue of shareholding. The directors consider this amount as a long term investment and will not allow withdrawal of this amount invested until the company's finances are in a position to enable this to be done without impacting on the business.

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 2,899,802 2,899,902

The bank loans are secured by way of a charge over the assets of the company. The bank loans are secured by way of joint and several guarantee, from Mr R J Lucy, Mr J R Lipper and Mrs A J Lucy, limited to the amounts borrowed.

10. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

11. ULTIMATE CONTROLLING PARTY

As at the year end, the ultimate parent company is LWM Partnership Limited, a company incorporated in England and Wales, which holds 51% of the company. The ultimate controlling party is Mr J Lipper by virtue of his majority shareholding.