Company Registration No. 08758090 (England and Wales)
Brickfest Limited
Unaudited accounts
for the year ended 30 November 2023
Brickfest Limited
Unaudited accounts
Contents
Brickfest Limited
Company Information
for the year ended 30 November 2023
Director
Alexander Halpern
Company Number
08758090 (England and Wales)
Registered Office
73 Fairholt Road
London
N16 5EW
England
Brickfest Limited
Statement of financial position
as at 30 November 2023
Tangible assets
3,408
5,374
Investment property
1,849,466
1,805,966
Cash at bank and in hand
33,841
77,898
Creditors: amounts falling due within one year
(308,968)
(289,163)
Net current assets
282,661
339,419
Total assets less current liabilities
2,135,535
2,150,759
Creditors: amounts falling due after more than one year
(1,448,407)
(1,394,733)
Provisions for liabilities
Deferred tax
(128,606)
(128,606)
Net assets
558,522
627,420
Called up share capital
1
1
Profit and loss account
558,521
627,419
Shareholders' funds
558,522
627,420
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 September 2024 and were signed on its behalf by
Alexander Halpern
Director
Company Registration No. 08758090
Brickfest Limited
Notes to the Accounts
for the year ended 30 November 2023
Brickfest Limited is a private company, limited by shares, registered in England and Wales, registration number 08758090. The registered office is 73 Fairholt Road, London, N16 5EW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2021.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Reducing balance basis
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Total
Brickfest Limited
Notes to the Accounts
for the year ended 30 November 2023
5
Transactions with related parties
Included within debtors are amounts aggregating to 497,793 (2022: 501,163) due from companies with a director in common with this company.
6
Average number of employees
During the year the average number of employees was 2 (2022: 1).