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Registration number: 11932307

Brownmore Investments Ltd

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

Brownmore Investments Ltd

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Brownmore Investments Ltd

Company Information

Directors

C S Brownlee

S Brownlee

Registered office

29 Diamond Street
Saltburn-By-The-Sea
TS12 1EB

Accountants

Carbon Accountancy Limited
80-83 Long Lane
London
EC1A 9ET

 

Brownmore Investments Ltd

(Registration number: 11932307)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,337

-

Current assets

 

Stocks

5

469

-

Debtors

6

-

2

Cash at bank and in hand

 

6,591

-

 

7,060

2

Creditors: Amounts falling due within one year

(10,982)

-

Net current (liabilities)/assets

 

(3,922)

2

Total assets less current liabilities

 

(2,585)

2

Accruals and deferred income

 

(950)

-

Net (liabilities)/assets

 

(3,535)

2

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

(3,537)

-

Shareholders' (deficit)/funds

 

(3,535)

2

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 18 January 2025 and signed on its behalf by:
 

 

Brownmore Investments Ltd

(Registration number: 11932307)
Abridged Balance Sheet as at 30 April 2024 (continued)

.........................................
S Brownlee
Director

 

Brownmore Investments Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
29 Diamond Street
Saltburn-By-The-Sea
TS12 1EB

These financial statements were authorised for issue by the Board on 18 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures, fittings and equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Brownmore Investments Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024 (continued)

2

Accounting policies (continued)

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 0).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,349

1,349

At 30 April 2024

1,349

1,349

Depreciation

Charge for the year

12

12

At 30 April 2024

12

12

Carrying amount

At 30 April 2024

1,337

1,337

5

Stocks

2024
£

2023
£

Work in progress

469

-

 

Brownmore Investments Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024 (continued)

6

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

2

2

2

2

       

8

Related party transactions

Other transactions with directors

Included in other creditors are loans from the directors totalling £10,982 (2023: £Nil) which are interest free and repayable on demand.