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REGISTERED NUMBER: 04917288 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Brooks Brothers Developments (West
Sussex) Limited

Brooks Brothers Developments (West
Sussex) Limited (Registered number: 04917288)






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


Brooks Brothers Developments (West
Sussex) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R A Brooks
J P Brooks
A P Brooks





SECRETARY: A P Brooks





REGISTERED OFFICE: 2 Harris Close
Frome
Somerset
BA11 5JY





REGISTERED NUMBER: 04917288 (England and Wales)





ACCOUNTANTS: SO Accounting Limited
Chartered Accountants
2 Harris Close
Frome
Somerset
BA11 5JY

Brooks Brothers Developments (West
Sussex) Limited (Registered number: 04917288)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 15,223 13,281
Investments 6 990 990
Investment property 7 2,887,673 2,887,673
2,903,887 2,901,945

CURRENT ASSETS
Stocks 15,250 2,500
Debtors 8 1,167,385 1,676,634
Cash at bank and in hand 12,704 60,563
1,195,339 1,739,697
CREDITORS
Amounts falling due within one year 9 348,367 469,552
NET CURRENT ASSETS 846,972 1,270,145
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,750,859

4,172,090

CREDITORS
Amounts falling due after more than
one year

10

(1,053,378

)

(1,353,378

)

PROVISIONS FOR LIABILITIES (2,726 ) (2,726 )
NET ASSETS 2,694,755 2,815,986

Brooks Brothers Developments (West
Sussex) Limited (Registered number: 04917288)

Balance Sheet - continued
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 198 198
Fair value reserve 11 8,450 8,450
Retained earnings 2,686,107 2,807,338
2,694,755 2,815,986

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.

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 11 September 2024 and were signed on its behalf by:





R A Brooks - Director


Brooks Brothers Developments (West
Sussex) Limited (Registered number: 04917288)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Brooks Brothers Developments (West Sussex) 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Brooks Brothers Developments (West
Sussex) Limited (Registered number: 04917288)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 50,000
AMORTISATION
At 1 January 2023
and 31 December 2023 49,999
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

Brooks Brothers Developments (West
Sussex) Limited (Registered number: 04917288)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 41,433
Additions 8,233
Disposals (18,150 )
At 31 December 2023 31,516
DEPRECIATION
At 1 January 2023 28,152
Charge for year 4,474
Eliminated on disposal (16,333 )
At 31 December 2023 16,293
NET BOOK VALUE
At 31 December 2023 15,223
At 31 December 2022 13,281

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 January 2023
and 31 December 2023 990
NET BOOK VALUE
At 31 December 2023 990
At 31 December 2022 990

Brooks Brothers Developments (West
Sussex) Limited (Registered number: 04917288)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,887,673
NET BOOK VALUE
At 31 December 2023 2,887,673
At 31 December 2022 2,887,673

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 82,710 80,838
Amounts owed by group undertakings 1,080,300 1,579,952
Other debtors 4,375 15,844
1,167,385 1,676,634

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 19,485 13,834
Amounts owed to group undertakings 205,157 286,288
Taxation and social security 13,252 59,180
Other creditors 110,473 110,250
348,367 469,552

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans 1,053,378 1,353,378

Brooks Brothers Developments (West
Sussex) Limited (Registered number: 04917288)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 8,450

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
R A Brooks
Balance outstanding at start of year (3,245 ) (13,925 )
Amounts advanced 354 16,718
Amounts repaid - (6,038 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,891 ) (3,245 )

J P Brooks
Balance outstanding at start of year (945 ) (11,112 )
Amounts advanced 503 16,487
Amounts repaid - (6,320 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (442 ) (945 )

A P Brooks
Balance outstanding at start of year (3,061 ) (13,325 )
Amounts advanced 1,825 16,435
Amounts repaid (14 ) (6,171 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,250 ) (3,061 )