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REGISTERED NUMBER: 01988941 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Limitbrook Limited

Limitbrook Limited (Registered number: 01988941)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Limitbrook Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: B N Gorst
J W Balls
J M Alexander
A Canty
J Buss
R E Yablon





REGISTERED OFFICE: Buckingham House East
Buckingham Parade
Stanmore
HA7 4EB





REGISTERED NUMBER: 01988941 (England and Wales)





ACCOUNTANTS: Hans Accounting Ltd
Chartered Certified Accountants
Buckingham House East
Buckingham Parade
Stanmore
Middlesex
HA7 4EB

Limitbrook Limited (Registered number: 01988941)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
CURRENT ASSETS
Stocks 597,516 564,445
Debtors 4 533 186
Cash at bank 23,876 17,128
621,925 581,759
CREDITORS
Amounts falling due within one year 5 362,129 320,581
NET CURRENT ASSETS 259,796 261,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,796

261,178

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 259,793 261,175
SHAREHOLDERS' FUNDS 259,796 261,178

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

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

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 8 November 2024 and were signed on its behalf by:




J W Balls - Director B N Gorst - Director




R E Yablon - Director


Limitbrook Limited (Registered number: 01988941)

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

1. STATUTORY INFORMATION

Limitbrook 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for any diminution in value.

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.

Taxation
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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 533 186

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other creditors 360,000 315,000
Accruals and deferred income 2,129 5,581
362,129 320,581

Limitbrook Limited (Registered number: 01988941)

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

6. RELATED PARTY DISCLOSURES

The other creditors balances included under creditors amounts falling due within one year represent loan balances as under:

Matred Investments Limited (party related via common directors) - £120,000 (2023:£105,000).
Mirrorstoke Limited (party related via common directors) - £120,000 (2023:£105,000)
J W Balls (director) - £120,000 (2023:£105,000)

All the loans are interest free and repayable on demand.

7. POST BALANCE SHEET EVENTS

In June 2024 the company exchanged contracts for the sale of a substantial part of the company's property for £1.831m.