IRIS Accounts Production v24.2.0.383 08820274 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh088202742022-12-31088202742023-12-31088202742023-01-012023-12-31088202742021-12-31088202742022-01-012022-12-31088202742022-12-3108820274ns15:EnglandWales2023-01-012023-12-3108820274ns14:PoundSterling2023-01-012023-12-3108820274ns10:Director12023-01-012023-12-3108820274ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108820274ns10:SmallEntities2023-01-012023-12-3108820274ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108820274ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108820274ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108820274ns10:FullAccounts2023-01-012023-12-3108820274ns10:OrdinaryShareClass12023-01-012023-12-3108820274ns5:CurrentFinancialInstruments2023-12-3108820274ns5:CurrentFinancialInstruments2022-12-3108820274ns5:ShareCapital2023-12-3108820274ns5:ShareCapital2022-12-3108820274ns5:RevaluationReserve2023-12-3108820274ns5:RevaluationReserve2022-12-3108820274ns5:RetainedEarningsAccumulatedLosses2023-12-3108820274ns5:RetainedEarningsAccumulatedLosses2022-12-3108820274ns10:RegisteredOffice2023-01-012023-12-3108820274ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108820274ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3108820274ns10:OrdinaryShareClass12023-12-3108820274ns5:RevaluationReserve2022-12-31
REGISTERED NUMBER: 08820274 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BROOKSTOW PROPERTIES 1 LIMITED

BROOKSTOW PROPERTIES 1 LIMITED (REGISTERED NUMBER: 08820274)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


BROOKSTOW PROPERTIES 1 LIMITED (REGISTERED NUMBER: 08820274)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 783,758 275,000

CURRENT ASSETS
Debtors 5 84 124
Prepayments and accrued income - 15,069
Cash at bank 86,786 69,099
86,870 84,292
CREDITORS
Amounts falling due within one year 6 157,621 169,763
NET CURRENT LIABILITIES (70,751 ) (85,471 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

713,007

189,529

PROVISIONS FOR LIABILITIES 135,026 2,870
NET ASSETS 577,981 186,659

CAPITAL AND RESERVES
Called up share capital 7 100 100
Non distributable reserve 8 521,322 (12,564 )
Retained earnings 56,559 199,123
SHAREHOLDERS' FUNDS 577,981 186,659

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.

BROOKSTOW PROPERTIES 1 LIMITED (REGISTERED NUMBER: 08820274)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





R W Carey - Director


BROOKSTOW PROPERTIES 1 LIMITED (REGISTERED NUMBER: 08820274)

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


1. STATUTORY INFORMATION

Brookstow Properties 1 Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08820274

Registered office: 5 Brooklands Place
Brooklands Road
Sale
Cheshire
M33 3SD

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 Profit and Loss Account, 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.

BROOKSTOW PROPERTIES 1 LIMITED (REGISTERED NUMBER: 08820274)

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


2. ACCOUNTING POLICIES - continued

Going concern
The accounts show a net current liability position. However, based on future expectations, the directors are confident the company will trade profitably in future periods and generate sufficient cash flows to meet its obligations as they fall due for payment. The director has confirmed that for a period of at least 12 months, they will continue to support the company.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 275,000
Revaluations 508,758
At 31 December 2023 783,758
NET BOOK VALUE
At 31 December 2023 783,758
At 31 December 2022 275,000

The investment properties are valued annually on an open market basis by the directors.

The historical cost of the properties is £237,564 (2022: £237,564)

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2022 275,000
Valuation in 2023 508,758
783,758

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 84 124

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 3,485 7,697
Other creditors 154,136 162,066
157,621 169,763

BROOKSTOW PROPERTIES 1 LIMITED (REGISTERED NUMBER: 08820274)

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


7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. RESERVES
Non
distributable
reserve
£   
At 1 January 2023 (12,564 )
Surplus on revaluation 533,886

At 31 December 2023 521,322

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R W Carey.