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
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
Bright House Investors Ltd
Statement of financial position
as at 29 February 2024
Tangible assets
145,000
145,000
Cash at bank and in hand
37,025
36,933
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)
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
Bright House Investors Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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.
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:
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.
Bright House Investors Ltd
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
At 29 February 2024
145,000
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.
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
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
108,758
108,759
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).