Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31falsetrue2023-02-01false00falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04141565 2023-02-01 2024-01-31 04141565 2022-02-01 2023-01-31 04141565 2024-01-31 04141565 2023-01-31 04141565 2022-02-01 04141565 c:Director1 2023-02-01 2024-01-31 04141565 d:PlantMachinery 2023-02-01 2024-01-31 04141565 d:PlantMachinery 2024-01-31 04141565 d:PlantMachinery 2023-01-31 04141565 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04141565 d:OfficeEquipment 2023-02-01 2024-01-31 04141565 d:OfficeEquipment 2024-01-31 04141565 d:OfficeEquipment 2023-01-31 04141565 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04141565 d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 04141565 d:Goodwill 2024-01-31 04141565 d:Goodwill 2023-01-31 04141565 d:FreeholdInvestmentProperty 2023-02-01 2024-01-31 04141565 d:FreeholdInvestmentProperty 2024-01-31 04141565 d:FreeholdInvestmentProperty 2023-01-31 04141565 d:FreeholdInvestmentProperty 2 2023-02-01 2024-01-31 04141565 d:CurrentFinancialInstruments 2024-01-31 04141565 d:CurrentFinancialInstruments 2023-01-31 04141565 d:Non-currentFinancialInstruments 2024-01-31 04141565 d:Non-currentFinancialInstruments 2023-01-31 04141565 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 04141565 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 04141565 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 04141565 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 04141565 d:ShareCapital 2024-01-31 04141565 d:ShareCapital 2023-01-31 04141565 d:InvestmentPropertiesRevaluationReserve 2024-01-31 04141565 d:InvestmentPropertiesRevaluationReserve 2023-01-31 04141565 d:RetainedEarningsAccumulatedLosses 2024-01-31 04141565 d:RetainedEarningsAccumulatedLosses 2023-01-31 04141565 d:AcceleratedTaxDepreciationDeferredTax 2024-01-31 04141565 d:AcceleratedTaxDepreciationDeferredTax 2023-01-31 04141565 d:OtherDeferredTax 2024-01-31 04141565 d:OtherDeferredTax 2023-01-31 04141565 c:OrdinaryShareClass1 2023-02-01 2024-01-31 04141565 c:OrdinaryShareClass1 2024-01-31 04141565 c:OrdinaryShareClass1 2023-01-31 04141565 c:OrdinaryShareClass2 2023-02-01 2024-01-31 04141565 c:OrdinaryShareClass2 2024-01-31 04141565 c:OrdinaryShareClass2 2023-01-31 04141565 c:FRS102 2023-02-01 2024-01-31 04141565 c:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 04141565 c:FullAccounts 2023-02-01 2024-01-31 04141565 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 04141565 f:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 04141565









DEBNAM BRICKWORKS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 JANUARY 2024

 
DEBNAM BRICKWORKS LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF DEBNAM BRICKWORKS LIMITED
FOR THE YEAR ENDED 31 JANUARY 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Debnam Brickworks Limited for the year ended 31 January 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Debnam Brickworks Limited in accordance with the terms of our engagement letter dated 15 October 2024Our work has been undertaken solely to prepare for your approval the financial statements of Debnam Brickworks Limited and state those matters that we have agreed to state to the director of Debnam Brickworks Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Debnam Brickworks Limited and its director for our work or for this report. 

It is your duty to ensure that Debnam Brickworks Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Debnam Brickworks Limited. You consider that Debnam Brickworks Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Debnam Brickworks Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  





Peters Elworthy & Moore
 
Chartered Accountants
  
Salisbury House
Station Road
Cambridge
CB1 2LA
 
Date: 
31 October 2024
Page 1

 
DEBNAM BRICKWORKS LIMITED
REGISTERED NUMBER: 04141565

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Intangible assets
 4 
-
-

Tangible assets
 5 
28,826
38,435

Investments
 6 
100
100

Investment property
 7 
1,225,839
1,196,000

  
1,254,765
1,234,535

CURRENT ASSETS
  

Debtors
 8 
10,058
485,458

Cash at bank and in hand
  
623,247
443,219

  
633,305
928,677

Creditors: amounts falling due within one year
 9 
(403,124)
(152,063)

NET CURRENT ASSETS
  
 
 
230,181
 
 
776,614

TOTAL ASSETS LESS CURRENT LIABILITIES
  
1,484,946
2,011,149

Creditors: amounts falling due after more than one year
 10 
-
(246,338)

PROVISIONS FOR LIABILITIES
  

Deferred tax
 11 
(103,324)
(135,115)

NET ASSETS
  
1,381,622
1,629,696


CAPITAL AND RESERVES
  

Called up share capital 
 12 
2,000
2,000

Investment property reserve
  
388,312
477,562

Profit and loss account
  
991,310
1,150,134

  
1,381,622
1,629,696


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Page 2

 
DEBNAM BRICKWORKS LIMITED
REGISTERED NUMBER: 04141565
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024


The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Mr S I Debnam
Director

Date: 31 October 2024

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
DEBNAM BRICKWORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1.


GENERAL INFORMATION

The company is limited by shares and incorporated in England and Wales. The address of the registered office is 108 Ashley Road, Newmarket, Suffolk, CB8 8DB.
The financial statements are presented in sterling, which is the functional currency of the company and rounded to the nearest pound.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

TURNOVER

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rental income is recognised in the period that it is contractually due.
Income from the hire of plant and equipment is recognised in the period that the assets are on hire.

Page 4

 
DEBNAM BRICKWORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.3

CURRENT AND DEFERRED TAXATION

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.4

INTANGIBLE ASSETS

Purchased intangible assets are amortised to the Profit and Loss Account over their estimated economic life.

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the following bases.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Reducing balance
Office equipment
-
33%
Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
DEBNAM BRICKWORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

INVESTMENT PROPERTY

Investment property is carried at fair value determined annually by the director and derived from the current market values based on existing use, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

DIVIDENDS

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


EMPLOYEES

The Company has no employees other than the director, who did not receive any remuneration (2023 - £NIL).

Page 6

 
DEBNAM BRICKWORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

4.


INTANGIBLE ASSETS




Other

£



COST


At 1 February 2023
17,626



At 31 January 2024

17,626



AMORTISATION


At 1 February 2023
17,626



At 31 January 2024

17,626



NET BOOK VALUE



At 31 January 2024
-



At 31 January 2023
-



Page 7

 
DEBNAM BRICKWORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

5.


TANGIBLE FIXED ASSETS





Plant and machinery
Office equipment
Total

£
£
£



COST OR VALUATION


At 1 February 2023
117,197
541
117,738



At 31 January 2024

117,197
541
117,738



DEPRECIATION


At 1 February 2023
78,762
541
79,303


Charge for the year on owned assets
9,609
-
9,609



At 31 January 2024

88,371
541
88,912



NET BOOK VALUE



At 31 January 2024
28,826
-
28,826



At 31 January 2023
38,435
-
38,435


6.


FIXED ASSET INVESTMENTS





Investments in subsidiary companies

£



COST OR VALUATION


At 1 February 2023
100



At 31 January 2024
100




Page 8

 
DEBNAM BRICKWORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

7.


INVESTMENT PROPERTY


Freehold investment property

£



VALUATION


At 1 February 2023
1,196,000


Additions at cost
148,839


Surplus on revaluation
(119,000)



AT 31 JANUARY 2024
1,225,839


COMPRISING


Cost
735,748

Annual revaluation surplus/(deficit):


2023 and earlier
609,091

2024
(119,000)

At 31 January 2024
1,225,839

The 2024 valuations were made by the director, on an open market value for existing use basis.

2024
2023
£
£

REVALUATION RESERVES


At 1 February 2023
477,562
477,562

Net deficit in movement properties
(89,250)
-

AT 31 JANUARY 2024
388,312
477,562




Page 9

 
DEBNAM BRICKWORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

8.


DEBTORS


2024
2023
£
£

DUE AFTER MORE THAN ONE YEAR

Other debtors
-
26,526

-
26,526

DUE WITHIN ONE YEAR

Other debtors
3,081
448,020

Prepayments and accrued income
6,977
10,912

10,058
485,458


Included within other debtors due within one year is an interest free loan to the director, amounting to £52 (2023 - £0).




9.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Bank loans
246,338
5,425

Amounts owed to group undertakings
132,881
120,200

Corporation tax
12,218
11,901

Other taxation and social security
5
929

Obligations under finance lease and hire purchase contracts
-
4,250

Other creditors
360
687

Accruals and deferred income
11,322
8,671

403,124
152,063


Bank loans are secured by a debenture in favour of the bank and guarantees from Debnam Estates Limited.

Page 10

 
DEBNAM BRICKWORKS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

10.


CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024
2023
£
£

Bank loans
-
246,338

-
246,338


Bank loans are secured by a debenture in favour of the bank and guarantees from Debnam Estates Limited.


11.


DEFERRED TAXATION




2024
2023


£

£






At beginning of year
135,115
138,040


Charged to profit or loss
(31,791)
(2,925)



AT END OF YEAR
103,324
135,115

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
1,546
3,586

Unrealised investment property gains
101,778
131,529

103,324
135,115


12.


SHARE CAPITAL

2024
2023
£
£
ALLOTTED, CALLED UP AND FULLY PAID



200 (2023 - 200) Ordinary A shares of £1.00 each
200
200
1,800 (2023 - 1,800) Ordinary shares of £1.00 each
1,800
1,800

2,000

2,000


 
Page 11