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REGISTERED NUMBER: 09951148 (England and Wales)




















Financial Statements

for the Year Ended 31 January 2024

for

BRICK CASTLE LIMITED

BRICK CASTLE LIMITED (REGISTERED NUMBER: 09951148)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRICK CASTLE LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr. L Campbell
Mr T J Fenn





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 09951148 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

BRICK CASTLE LIMITED (REGISTERED NUMBER: 09951148)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 963 1,723
Investment property 6 1,105,000 862,077
1,105,963 863,800

CURRENT ASSETS
Debtors 7 17,506 108,898
Cash at bank 64,436 65,992
81,942 174,890
CREDITORS
Amounts falling due within one year 8 (747,408 ) (748,662 )
NET CURRENT LIABILITIES (665,466 ) (573,772 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

440,497

290,028

CREDITORS
Amounts falling due after more than one
year

9

(315,440

)

(324,398

)

PROVISIONS FOR LIABILITIES (44,328 ) -
NET ASSETS/(LIABILITIES) 80,729 (34,370 )

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 12 80,629 (34,470 )
SHAREHOLDERS' FUNDS 80,729 (34,370 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

BRICK CASTLE LIMITED (REGISTERED NUMBER: 09951148)

Balance Sheet - continued
31 January 2024


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 20 August 2024 and were signed on its behalf by:





Mr. L Campbell - Director


BRICK CASTLE LIMITED (REGISTERED NUMBER: 09951148)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Brick Castle 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 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.

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.

Business Know How is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 33% on reducing balance

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 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.

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.

BRICK CASTLE LIMITED (REGISTERED NUMBER: 09951148)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 February 2023
and 31 January 2024 19,800
AMORTISATION
At 1 February 2023
and 31 January 2024 19,800
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 17,626 4,319 21,945
Additions - 1,444 1,444
At 31 January 2024 17,626 5,763 23,389
DEPRECIATION
At 1 February 2023 15,903 4,319 20,222
Charge for year 1,723 481 2,204
At 31 January 2024 17,626 4,800 22,426
NET BOOK VALUE
At 31 January 2024 - 963 963
At 31 January 2023 1,723 - 1,723

BRICK CASTLE LIMITED (REGISTERED NUMBER: 09951148)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 862,077
Revaluations 242,923
At 31 January 2024 1,105,000
NET BOOK VALUE
At 31 January 2024 1,105,000
At 31 January 2023 862,077

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2020 (65,612 )
Valuation in 2024 242,923
Cost 927,689
1,105,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other debtors 17,506 108,898

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 13,189 12,490
Taxation and social security - 2,978
Other creditors 734,219 733,194
747,408 748,662

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 315,440 324,398

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 315,440 324,398

BRICK CASTLE LIMITED (REGISTERED NUMBER: 09951148)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Lloyds Bank 328,628 -

The mortgages are provided by Lloyds Bank are secured against the freehold interest in the land and properties known as Flat 602 Arden Gate, 42-44 Victoria Road, 31b Thornhill, 62 Albany Street and 15 Boulevard by way of a fixed and floating charge.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
100 Ordinary £1 100 100

12. RESERVES
Retained
earnings
£   

At 1 February 2023 (34,470 )
Profit for the year 115,099
At 31 January 2024 80,629

Reserves include £132,983 which is not distributable. This relates to the unrealised revaluation of an investment property and the deferred tax effects.