4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-07-01 Sage Accounts Production Advanced 2024 - FRS102_2024 390,990 127,466 118,600 56,790 456,646 456,646 390,990 xbrli:pure xbrli:shares iso4217:GBP 07574028 2023-07-01 2024-06-30 07574028 2024-06-30 07574028 2023-06-30 07574028 2022-07-01 2023-06-30 07574028 2023-06-30 07574028 2022-06-30 07574028 core:MotorVehicles 2023-07-01 2024-06-30 07574028 bus:Director1 2023-07-01 2024-06-30 07574028 bus:Director2 2023-07-01 2024-06-30 07574028 core:MotorVehicles 2023-06-30 07574028 core:FurnitureFittings 2024-06-30 07574028 core:MotorVehicles 2024-06-30 07574028 core:WithinOneYear 2024-06-30 07574028 core:WithinOneYear 2023-06-30 07574028 core:AfterOneYear 2024-06-30 07574028 core:AfterOneYear 2023-06-30 07574028 core:ShareCapital 2024-06-30 07574028 core:ShareCapital 2023-06-30 07574028 core:RetainedEarningsAccumulatedLosses 2024-06-30 07574028 core:RetainedEarningsAccumulatedLosses 2023-06-30 07574028 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 07574028 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-06-30 07574028 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-06-30 07574028 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-06-30 07574028 core:CostValuation core:Non-currentFinancialInstruments 2024-06-30 07574028 core:Non-currentFinancialInstruments 2024-06-30 07574028 core:Non-currentFinancialInstruments 2023-06-30 07574028 core:FurnitureFittings 2023-06-30 07574028 core:MotorVehicles 2023-06-30 07574028 bus:SmallEntities 2023-07-01 2024-06-30 07574028 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07574028 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07574028 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07574028 bus:FullAccounts 2023-07-01 2024-06-30 07574028 core:OfficeEquipment 2023-07-01 2024-06-30 07574028 core:OfficeEquipment 2024-06-30 07574028 core:OfficeEquipment 2023-06-30 07574028 core:KeyManagementPersonnel 2023-07-01 2024-06-30
COMPANY REGISTRATION NUMBER: 07574028
Brook Investment Partners Limited
Filleted Unaudited Financial Statements
30 June 2024
Brook Investment Partners Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Brook Investment Partners Limited
Statement of Financial Position
30 June 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
8,823
10,963
Investments
6
456,646
414,874
---------
---------
465,469
425,837
Current assets
Debtors
7
1,167
1,727
Cash at bank and in hand
119,066
140,268
---------
---------
120,233
141,995
Creditors: amounts falling due within one year
8
27,749
19,379
---------
---------
Net current assets
92,484
122,616
---------
---------
Total assets less current liabilities
557,953
548,453
Creditors: amounts falling due after more than one year
9
30,000
30,000
Provisions
Taxation including deferred tax
2,206
2,741
---------
---------
Net assets
525,747
515,712
---------
---------
Capital and reserves
Called up share capital
100
100
Profit and loss account
525,647
515,612
---------
---------
Shareholders funds
525,747
515,712
---------
---------
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 Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Brook Investment Partners Limited
Statement of Financial Position (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 21 October 2024 , and are signed on behalf of the board by:
Mr S J Latham
Mrs J M Latham
Director
Director
Company registration number: 07574028
Brook Investment Partners Limited
Notes to the Financial Statements
Year ended 30 June 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the income statement represents amounts invoiced during the year, exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
20% straight line
Equipment
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 3 ).
5. Tangible assets
Fixtures and fittings
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 July 2023 and 30 June 2024
5,000
5,500
13,498
23,998
-------
-------
--------
--------
Depreciation
At 1 July 2023
1,100
11,935
13,035
Charge for the year
1,100
1,040
2,140
-------
-------
--------
--------
At 30 June 2024
2,200
12,975
15,175
-------
-------
--------
--------
Carrying amount
At 30 June 2024
5,000
3,300
523
8,823
-------
-------
--------
--------
At 30 June 2023
5,000
4,400
1,563
10,963
-------
-------
--------
--------
6. Investments
Other investments other than loans
£
Cost
At 1 July 2023
390,990
Additions
127,466
Disposals
( 118,600)
Revaluations
56,790
---------
At 30 June 2024
456,646
---------
Impairment
At 1 July 2023 and 30 June 2024
---------
Carrying amount
At 30 June 2024
456,646
---------
At 30 June 2023
390,990
---------
During the year the company held investments of £399,856 in a fund managed by a wealth management company. The investments are measured at fair value based on the quoted market price in an active market, the fair value as at the year end date was £456,646.
7. Debtors
2024
2023
£
£
Other debtors
1,167
1,727
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
7,355
7,476
Social security and other taxes
4,826
4,366
Other creditors
15,568
7,537
--------
--------
27,749
19,379
--------
--------
9. Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
30,000
30,000
--------
--------
10. Related party transactions
Interest of £1,800 (2023: £1,800) was made on a loan made by the director to the company. At the balance sheet date, the company jointly owed £8,851 to the directors (2023: £1,684). At the balance sheet date, the company owed £30,000 to a director (2023: £30,000).