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REGISTERED NUMBER: 04061863 (England and Wales)












Unaudited Financial Statements

for the Period 1 March 2023 to 31 March 2024

for

Brookhollow (Properties) Limited

Brookhollow (Properties) Limited (Registered number: 04061863)






Contents of the Financial Statements
for the Period 1 March 2023 to 31 March 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Brookhollow (Properties) Limited

Company Information
for the Period 1 March 2023 to 31 March 2024







DIRECTOR: A G Wright





REGISTERED OFFICE: Hollowbrook House
Lodge Hill
Rolleston
Burton on Trent
Staffordshire
DE13 9HF





REGISTERED NUMBER: 04061863 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

Brookhollow (Properties) Limited (Registered number: 04061863)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,310,000 920,000

CURRENT ASSETS
Cash at bank 8,111 23,126

CREDITORS
Amounts falling due within one year 21,389 24,658
NET CURRENT LIABILITIES (13,278 ) (1,532 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,296,722

918,468

CREDITORS
Amounts falling due after more than one
year

(557,329

)

(545,022

)

PROVISIONS FOR LIABILITIES (88,913 ) (14,813 )
NET ASSETS 650,480 358,633

CAPITAL AND RESERVES
Called up share capital 6 100 100
Fair value reserve 7 680,816 364,916
Retained earnings (30,436 ) (6,383 )
SHAREHOLDERS' FUNDS 650,480 358,633

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the period ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 July 2024 and were signed by:





A G Wright - Director


Brookhollow (Properties) Limited (Registered number: 04061863)

Notes to the Financial Statements
for the Period 1 March 2023 to 31 March 2024

1. STATUTORY INFORMATION

Brookhollow (Properties) 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.

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 comprises rents receivable.

Investment property
In accordance with Financial Reporting Standard 102 (FRS 102), investment properties are revalued and the surplus or deficit is transferred to the profit and loss account, and no depreciation is provided in respect of freehold investment properties. The requirement of the Companies Act 2006 is to depreciate all properties, but that requirement conflicts with the generally accepted accounting principle set out in FRS 102. The director considers that to depreciate such properties would not give a true and fair view, but that a true and fair view is given by following FRS 102 as described above. The effect of this departure from the Companies Act 2006 has not been quantified because it is impracticable and, in the opinion of the director, would be misleading. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 1 ) .

Brookhollow (Properties) Limited (Registered number: 04061863)

Notes to the Financial Statements - continued
for the Period 1 March 2023 to 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 920,000
Increase in valuation 390,000
At 31 March 2024 1,310,000
NET BOOK VALUE
At 31 March 2024 1,310,000
At 28 February 2023 920,000

The fair value at 31 March 2024 is represented by, £540,271 cost and £769,729 revaluation gains to date. If the investment properties had not been revalued they would have been included at the historical cost:

Year £
2024 540,271
2023 540,271

The investment property was valued on an open market basis on 31 March 2024 by the company director.

5. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage loans 487,947 487,947

Mortgage loans are secured on the property covered by each advance.


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Fair
value
reserve
£   
At 1 March 2023 364,916
Deferred tax transfer (74,100 )
Movement in year 390,000

At 31 March 2024 680,816