2023-03-012024-02-292024-02-29false13193110Brick Street Gallery Limited2024-10-31iso4217:GBPxbrli:pure131931102023-03-01131931102024-02-29131931102023-03-012024-02-29131931102022-03-01131931102023-02-28131931102022-03-012023-02-2813193110bus:SmallEntities2023-03-012024-02-2913193110bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2913193110bus:FullAccounts2023-03-012024-02-2913193110bus:PrivateLimitedCompanyLtd2023-03-012024-02-2913193110core:WithinOneYear2024-02-2913193110core:AfterOneYear2024-02-2913193110core:WithinOneYear2023-02-2813193110core:AfterOneYear2023-02-2813193110core:ShareCapital2024-02-2913193110core:SharePremium2024-02-2913193110core:RevaluationReserve2024-02-2913193110core:OtherReservesSubtotal2024-02-2913193110core:RetainedEarningsAccumulatedLosses2024-02-2913193110core:ShareCapital2023-02-2813193110core:SharePremium2023-02-2813193110core:RevaluationReserve2023-02-2813193110core:OtherReservesSubtotal2023-02-2813193110core:RetainedEarningsAccumulatedLosses2023-02-2813193110core:LandBuildings2024-02-2913193110core:PlantMachinery2024-02-2913193110core:Vehicles2024-02-2913193110core:FurnitureFittings2024-02-2913193110core:OfficeEquipment2024-02-2913193110core:NetGoodwill2024-02-2913193110core:IntangibleAssetsOtherThanGoodwill2024-02-2913193110core:ListedExchangeTraded2024-02-2913193110core:UnlistedNon-exchangeTraded2024-02-2913193110core:LandBuildings2023-02-2813193110core:PlantMachinery2023-02-2813193110core:Vehicles2023-02-2813193110core:FurnitureFittings2023-02-2813193110core:OfficeEquipment2023-02-2813193110core:NetGoodwill2023-02-2813193110core:IntangibleAssetsOtherThanGoodwill2023-02-2813193110core:ListedExchangeTraded2023-02-2813193110core:UnlistedNon-exchangeTraded2023-02-2813193110core:LandBuildings2023-03-012024-02-2913193110core:PlantMachinery2023-03-012024-02-2913193110core:Vehicles2023-03-012024-02-2913193110core:FurnitureFittings2023-03-012024-02-2913193110core:OfficeEquipment2023-03-012024-02-2913193110core:NetGoodwill2023-03-012024-02-2913193110core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2913193110core:ListedExchangeTraded2023-03-012024-02-2913193110core:UnlistedNon-exchangeTraded2023-03-012024-02-2913193110core:MoreThanFiveYears2023-03-012024-02-2913193110core:Non-currentFinancialInstruments2024-02-2913193110core:Non-currentFinancialInstruments2023-02-2813193110dpl:CostSales2023-03-012024-02-2913193110dpl:DistributionCosts2023-03-012024-02-2913193110core:LandBuildings2023-03-012024-02-2913193110core:PlantMachinery2023-03-012024-02-2913193110core:Vehicles2023-03-012024-02-2913193110core:FurnitureFittings2023-03-012024-02-2913193110core:OfficeEquipment2023-03-012024-02-2913193110dpl:AdministrativeExpenses2023-03-012024-02-2913193110core:NetGoodwill2023-03-012024-02-2913193110core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2913193110dpl:GroupUndertakings2023-03-012024-02-2913193110dpl:ParticipatingInterests2023-03-012024-02-2913193110dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2913193110core:ListedExchangeTraded2023-03-012024-02-2913193110dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2913193110core:UnlistedNon-exchangeTraded2023-03-012024-02-2913193110dpl:CostSales2022-03-012023-02-2813193110dpl:DistributionCosts2022-03-012023-02-2813193110core:LandBuildings2022-03-012023-02-2813193110core:PlantMachinery2022-03-012023-02-2813193110core:Vehicles2022-03-012023-02-2813193110core:FurnitureFittings2022-03-012023-02-2813193110core:OfficeEquipment2022-03-012023-02-2813193110dpl:AdministrativeExpenses2022-03-012023-02-2813193110core:NetGoodwill2022-03-012023-02-2813193110core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2813193110dpl:GroupUndertakings2022-03-012023-02-2813193110dpl:ParticipatingInterests2022-03-012023-02-2813193110dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2813193110core:ListedExchangeTraded2022-03-012023-02-2813193110dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2813193110core:UnlistedNon-exchangeTraded2022-03-012023-02-2813193110core:NetGoodwill2024-02-2913193110core:IntangibleAssetsOtherThanGoodwill2024-02-2913193110core:LandBuildings2024-02-2913193110core:PlantMachinery2024-02-2913193110core:Vehicles2024-02-2913193110core:FurnitureFittings2024-02-2913193110core:OfficeEquipment2024-02-2913193110core:AfterOneYear2024-02-2913193110core:WithinOneYear2024-02-2913193110core:ListedExchangeTraded2024-02-2913193110core:UnlistedNon-exchangeTraded2024-02-2913193110core:ShareCapital2024-02-2913193110core:SharePremium2024-02-2913193110core:RevaluationReserve2024-02-2913193110core:OtherReservesSubtotal2024-02-2913193110core:RetainedEarningsAccumulatedLosses2024-02-2913193110core:NetGoodwill2023-02-2813193110core:IntangibleAssetsOtherThanGoodwill2023-02-2813193110core:LandBuildings2023-02-2813193110core:PlantMachinery2023-02-2813193110core:Vehicles2023-02-2813193110core:FurnitureFittings2023-02-2813193110core:OfficeEquipment2023-02-2813193110core:AfterOneYear2023-02-2813193110core:WithinOneYear2023-02-2813193110core:ListedExchangeTraded2023-02-2813193110core:UnlistedNon-exchangeTraded2023-02-2813193110core:ShareCapital2023-02-2813193110core:SharePremium2023-02-2813193110core:RevaluationReserve2023-02-2813193110core:OtherReservesSubtotal2023-02-2813193110core:RetainedEarningsAccumulatedLosses2023-02-2813193110core:NetGoodwill2022-03-0113193110core:IntangibleAssetsOtherThanGoodwill2022-03-0113193110core:LandBuildings2022-03-0113193110core:PlantMachinery2022-03-0113193110core:Vehicles2022-03-0113193110core:FurnitureFittings2022-03-0113193110core:OfficeEquipment2022-03-0113193110core:AfterOneYear2022-03-0113193110core:WithinOneYear2022-03-0113193110core:ListedExchangeTraded2022-03-0113193110core:UnlistedNon-exchangeTraded2022-03-0113193110core:ShareCapital2022-03-0113193110core:SharePremium2022-03-0113193110core:RevaluationReserve2022-03-0113193110core:OtherReservesSubtotal2022-03-0113193110core:RetainedEarningsAccumulatedLosses2022-03-0113193110core:AfterOneYear2023-03-012024-02-2913193110core:WithinOneYear2023-03-012024-02-2913193110core:Non-currentFinancialInstrumentscore:CostValuation2023-03-012024-02-2913193110core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-012024-02-2913193110core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-012024-02-2913193110core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-012024-02-2913193110core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-012024-02-2913193110core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-012024-02-2913193110core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2913193110core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2913193110core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-012024-02-2913193110core:Non-currentFinancialInstrumentscore:CostValuation2024-02-2913193110core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-2913193110core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-2913193110core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-2913193110core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-2913193110core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-2913193110core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-2913193110core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-2913193110core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-2913193110core:Non-currentFinancialInstrumentscore:CostValuation2023-02-2813193110core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-2813193110core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-2813193110core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-2813193110core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-2813193110core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-2813193110core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-2813193110core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-2813193110core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-2813193110bus:Director12023-03-012024-02-2913193110bus:Director22023-03-012024-02-2913193110bus:Director32023-03-012024-02-2913193110bus:Director42023-03-012024-02-2913193110bus:Director52023-03-012024-02-29

Brick Street Gallery Limited

Registered Number
13193110
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

Brick Street Gallery Limited
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

Mandeep Singh Binning
Antonis Demetri
Vincenzo Salvatore Antonio Spano
Antonis Theori
Nicholas Theori

Registered Address

2nd Floor 10-12 Bourlet Close
London
W1W 7BR

Place of Business

Olive Tree Centre

472A Larkshall Road

Higham's Park

London

E4 9HH


Registered Number

13193110 (England and Wales)
Brick Street Gallery Limited
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3675,000566,958
675,000566,958
Current assets
Debtors414,0323,380
Cash at bank and on hand6,2833,916
20,3157,296
Creditors amounts falling due within one year5(545,522)(328,900)
Net current assets (liabilities)(525,207)(321,604)
Total assets less current liabilities149,793245,354
Creditors amounts falling due after one year6-(226,955)
Provisions for liabilities7(27,011)-
Net assets122,78218,399
Capital and reserves
Called up share capital120120
Profit and loss account122,66218,279
Shareholders' funds122,78218,399
The financial statements were approved and authorised for issue by the Board of Directors on 31 October 2024, and are signed on its behalf by:
Mandeep Singh Binning
Director
Registered Company No. 13193110
Brick Street Gallery Limited
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover represents the net value of the rent received as per rental agreements.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation.
Investment property
Investment Properties are stated at fair market valuation. Surplus or deficit arising on the revaluation are transferred to the profit and loss account.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Land & buildings

Total

££
Cost or valuation
At 01 March 23566,958566,958
Revaluations108,042108,042
At 29 February 24675,000675,000
Net book value
At 29 February 24675,000675,000
At 28 February 23566,958566,958
The valuation of the properties has been carried out by the directors of the company and reflects the fair market value at the balance sheet date.
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables5,500-
Prepayments and accrued income8,5323,380
Total14,0323,380
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,000-
Bank borrowings and overdrafts225,45610,955
Taxation and social security5,4784,373
Other creditors310,951310,951
Accrued liabilities and deferred income2,6372,621
Total545,522328,900
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts-226,955
Total-226,955
The bank and bridging loans are secured against the properties and personal guaranties are given by the directors.
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)27,011-
Total27,011-