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REGISTERED NUMBER: 04137858 (England and Wales)















Brickcourt Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Brickcourt Limited (Registered number: 04137858)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Brickcourt Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: D J Rousell
A P Rousell
B J Rousell
M C Rousell
S J Rousell



REGISTERED OFFICE: 4 King Square
Bridgwater
Somerset
TA6 3YF



REGISTERED NUMBER: 04137858 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: HSBC Bank plc
1 Middle Street
Yeovil
Somerset
BA20 1LR

Brickcourt Limited (Registered number: 04137858)

Abridged Statement of Financial Position
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 6,276 6,314
Investment property 6 6,935,000 6,935,000
6,941,276 6,941,314

CURRENT ASSETS
Debtors 60,257 56,263
Cash at bank - 16,141
60,257 72,404
CREDITORS
Amounts falling due within one year 1,735,910 1,697,184
NET CURRENT LIABILITIES (1,675,653 ) (1,624,780 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,265,623

5,316,534

CREDITORS
Amounts falling due after more than one
year

7

(1,249,233

)

(1,361,055

)

PROVISIONS FOR LIABILITIES (764,104 ) (764,104 )
NET ASSETS 3,252,286 3,191,375

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 3,234,804 3,234,804
Retained earnings 17,382 (43,529 )
SHAREHOLDERS' FUNDS 3,252,286 3,191,375

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

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

Brickcourt Limited (Registered number: 04137858)

Abridged Statement of Financial Position - continued
31 July 2024


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 Statement of Comprehensive Income and an abridged Statement of Financial Position for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 October 2024 and were signed on its behalf by:





B J Rousell - Director


Brickcourt Limited (Registered number: 04137858)

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

1. STATUTORY INFORMATION

Brickcourt 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements have been prepared in accordance with applicable accounting standards and estimation techniques.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Investment properties are stated at current market value.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Brickcourt Limited (Registered number: 04137858)

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

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 12,607
Additions 2,550
At 31 July 2024 15,157
DEPRECIATION
At 1 August 2023 6,293
Charge for year 2,588
At 31 July 2024 8,881
NET BOOK VALUE
At 31 July 2024 6,276
At 31 July 2023 6,314

The director considers that the open market value of the above properties is reflected in the valuation in the financial statements.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 6,935,000
NET BOOK VALUE
At 31 July 2024 6,935,000
At 31 July 2023 6,935,000

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2023 3,234,804
Cost 3,700,196
6,935,000

If investment property had not been revalued it would have been included at the following historical cost:

31.7.24 31.7.23
£    £   
Cost 3,700,196 3,700,196

Investment property was valued on an open market basis on 16 August 2022 by Symonds & Sampson .

Brickcourt Limited (Registered number: 04137858)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.7.24 31.7.23
£    £   
Repayable by instalments
Bank loans 804,976 849,426
Other loans - 32,202
804,976 881,628

8. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 1,226,643 1,307,665
Other loans 141,762 178,062
1,368,405 1,485,727

Bank loans and Other loans are secured over the freehold property.

Included within bank loans is a government backed loan for COVID support which is not secured over the freehold property.

9. RESERVES
Revaluation
reserve
£   
At 1 August 2023
and 31 July 2024 3,234,804

10. RELATED PARTY DISCLOSURES

At the year end the company owed £345,500 (2023: £345,500) to The Gardens Entertainments Limited.
It also owed £622,133 (2023: £626,657) to Cadbury Business Park Limited, and £1,958 (2023: £64 to Cadbury Property Management Limited. All these companies have B Rousell as a director.

The company paid management charges of £89,078 (2023: £62,720) to Cadbury Property Management Limited during the year.

11. ULTIMATE CONTROLLING PARTY

The company has no overall controlling party.