Company registration number 04294196 (England and Wales)
BRISTOL HOUSE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
PAGES FOR FILING WITH REGISTRAR
BRISTOL HOUSE LTD
CONTENTS
Page
Balance sheet
2
Statement of changes in equity
1
Notes to the financial statements
3 - 4
BRISTOL HOUSE LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 1 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 October 2021
23
24,146
24,169
Year ended 30 September 2022:
Profit and total comprehensive income
-
4,833
4,833
Balance at 30 September 2022
23
28,979
29,002
Year ended 30 September 2023:
Profit and total comprehensive income
-
4,829
4,829
Balance at 30 September 2023
23
33,808
33,831
BRISTOL HOUSE LTD
BALANCE SHEET
AS AT
30 SEPTEMBER 2023
30 September 2023
- 2 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
182
182
Current assets
Debtors
4
1,075
437
Cash at bank and in hand
41,565
37,493
42,640
37,930
Creditors: amounts falling due within one year
5
(8,991)
(9,110)
Net current assets
33,649
28,820
Total assets less current liabilities
33,831
29,002
Capital and reserves
Called up share capital
23
23
Profit and loss reserves
33,808
28,979
Total equity
33,831
29,002
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements 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 financial statements were approved by the board of directors and authorised for issue on 23 September 2024 and are signed on its behalf by:
Mr I McKinnell
Director
Company Registration No. 04294196
BRISTOL HOUSE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 3 -
1
Accounting policies
Company information
Bristol House Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 3rd Floor, 114a Cromwell Road, Kensington, London, SW7 4AG.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.
The company is the headlessor of Bristol House and as such acts as a trustee of the statutory trust in respect of service charge monies collected for the maintenance of Bristol House. The company holds these funds in trust for the lessees and has no beneficial interest in them. Income and expenditure arising from these transactions is shown in separate service charge accounts for the property and do not form part of the annual accounts of the company and are not filed at Companies House.
1.2
Turnover
Turnover represents rent receivable.
1.3
Tangible fixed assets
Depreciation is not provided, as the value of the asset has been written down to a nominal value by contributions from lessees. In the directors' opinion depreciation would be immaterial and has not been charged.
1.4
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
BRISTOL HOUSE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2023
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2022 and 30 September 2023
182
Depreciation and impairment
At 1 October 2022 and 30 September 2023
Carrying amount
At 30 September 2023
182
At 30 September 2022
182
The company owns the headlease at Bristol House, 80a Southampton Row , London WC1B 4BA which was purchased by contributions from 23 lessees of the building, who then became members of the company. The headlease was purchased on 3 April 2006 for £50,000 plus legal costs of £3,615. The balance sheet amount of £182 represents the net effect of these transactions.
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
866
228
Prepayments and accrued income
209
209
1,075
437
5
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
2,381
1,678
Dividends payable
4,300
4,300
Other creditors
1,295
1,295
Accruals and deferred income
1,015
1,837
8,991
9,110