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Company Registration No. 12472250 (England and Wales)
Bright House Investors Ltd Unaudited accounts for the year ended 29 February 2024
Bright House Investors Ltd Unaudited accounts Contents
Page
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Bright House Investors Ltd Company Information for the year ended 29 February 2024
Directors
Mr S Pitfield Mr C Pitfield Mr L M Coyle
Company Number
12472250 (England and Wales)
Registered Office
58 Silverdale Road Hull HU6 7HQ England
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Bright House Investors Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
145,000 
145,000 
Current assets
Debtors
- 
283 
Cash at bank and in hand
37,025 
36,933 
37,025 
37,216 
Creditors: amounts falling due within one year
(47,599)
(47,599)
Net current liabilities
(10,574)
(10,383)
Total assets less current liabilities
134,426 
134,617 
Creditors: amounts falling due after more than one year
(108,758)
(108,759)
Net assets
25,668 
25,858 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
43,930 
43,930 
Profit and loss account
(18,362)
(18,172)
Shareholders' funds
25,668 
25,858 
For the year ending 29 February 2024 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 directors acknowledge their 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 of Directors and authorised for issue on 12 June 2024 and were signed on its behalf by
Mr S Pitfield Director Company Registration No. 12472250
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Bright House Investors Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Bright House Investors Ltd is a private company, limited by shares, registered in England and Wales, registration number 12472250. The registered office is 58 Silverdale Road, Hull, HU6 7HQ, England.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
0% WDV
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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Bright House Investors Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings 
£ 
Cost or valuation
At cost 
At 1 March 2023
145,000 
At 29 February 2024
145,000 
Depreciation
At 29 February 2024
- 
Net book value
At 29 February 2024
145,000 
At 28 February 2023
145,000 
The property was revalued at 28/02/2023 based on the valuation done for the mortgage extension. The original cost of the property was £101,070.
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
- 
283 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
47,419 
47,419 
Accruals
180 
180 
47,599 
47,599 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
108,758 
108,759 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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