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Company registration number: 04576134
Brookfield House Limited
Unaudited filleted financial statements
For the year ended
31 January 2024
Brookfield House Limited
Contents
Statement of financial position
Notes to the financial statements
Brookfield House Limited
Statement of financial position
31 January 2024
2024 2023
Note £ £ £ £
Fixed assets
Investments 2 103,457 107,230
________ ________
103,457 107,230
Current assets
Cash at bank and in hand 153,919 158,460
________ ________
153,919 158,460
Creditors: amounts falling due
within one year 3 ( 299,217) ( 305,026)
________ ________
Net current liabilities ( 145,298) ( 146,566)
________ ________
Total assets less current liabilities ( 41,841) ( 39,336)
________ ________
Net liabilities ( 41,841) ( 39,336)
________ ________
Capital and reserves
Called up share capital 2 2
Profit and loss account ( 41,843) ( 39,338)
________ ________
Shareholders deficit ( 41,841) ( 39,336)
________ ________
For the year ending 31 January 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.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 October 2024 , and are signed on behalf of the board by:
Mr P Davenhall
Director
Company registration number: 04576134
Brookfield House Limited
Notes to the financial statements
Year ended 31 January 2024
1. Accounting policies
General information
The company is a private company limited by shares, registered in England and Wales, registration number 04576134 . The address of the registered office is Bank Top Farm, Dilhorne Road, Stoke on Trent, Staffordshire, ST10 2PN.
Basis of preparation
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied with the same financial statements.
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
Fixed asset 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
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Deferred taxation
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for fixed asset investments which are measured at fair value, with changes recognised in the fair value reserve.
2. Investments
Other investments other than loans Total
£ £
Cost or valuation
At 1 February 2023 169,459 169,459
Revaluations ( 3,773) ( 3,773)
________ ________
At 31 January 2024 165,686 165,686
________ ________
Impairment
At 1 February 2023 and 31 January 2024 62,229 62,229
________ ________
Carrying amount
At 31 January 2024 103,457 103,457
________ ________
At 31 January 2023 107,230 107,230
________ ________
3. Creditors: amounts falling due within one year
2024 2023
£ £
Directors loan account 298,539 304,390
Other creditors 678 636
________ ________
299,217 305,026
________ ________