Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity55truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11099694 2023-01-01 2023-12-31 11099694 2022-01-01 2022-12-31 11099694 2023-12-31 11099694 2022-12-31 11099694 c:Director1 2023-01-01 2023-12-31 11099694 c:Director2 2023-01-01 2023-12-31 11099694 c:Director2 2023-12-31 11099694 c:Director3 2023-01-01 2023-12-31 11099694 c:RegisteredOffice 2023-01-01 2023-12-31 11099694 d:FurnitureFittings 2023-01-01 2023-12-31 11099694 d:FurnitureFittings 2023-12-31 11099694 d:FurnitureFittings 2022-12-31 11099694 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11099694 d:OfficeEquipment 2023-01-01 2023-12-31 11099694 d:OfficeEquipment 2023-12-31 11099694 d:OfficeEquipment 2022-12-31 11099694 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11099694 d:ComputerEquipment 2023-01-01 2023-12-31 11099694 d:ComputerEquipment 2023-12-31 11099694 d:ComputerEquipment 2022-12-31 11099694 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11099694 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 11099694 d:FreeholdInvestmentProperty 2023-12-31 11099694 d:FreeholdInvestmentProperty 2022-12-31 11099694 d:FreeholdInvestmentProperty 2 2023-01-01 2023-12-31 11099694 d:CurrentFinancialInstruments 2023-12-31 11099694 d:CurrentFinancialInstruments 2022-12-31 11099694 d:Non-currentFinancialInstruments 2023-12-31 11099694 d:Non-currentFinancialInstruments 2022-12-31 11099694 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11099694 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11099694 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 11099694 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 11099694 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 11099694 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 11099694 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-12-31 11099694 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-12-31 11099694 d:ShareCapital 2023-12-31 11099694 d:ShareCapital 2022-12-31 11099694 d:RetainedEarningsAccumulatedLosses 2023-12-31 11099694 d:RetainedEarningsAccumulatedLosses 2022-12-31 11099694 c:FRS102 2023-01-01 2023-12-31 11099694 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11099694 c:FullAccounts 2023-01-01 2023-12-31 11099694 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11099694 6 2023-01-01 2023-12-31 11099694 f:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure
Company registration number: 11099694







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023


ALISTAIR BROWN INTERNATIONAL REAL ESTATE LIMITED






































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ALISTAIR BROWN INTERNATIONAL REAL ESTATE LIMITED
 


 
COMPANY INFORMATION


Directors
A R Brown 
A Smykov (resigned 10 January 2024)
J S Wright 




Registered number
11099694



Registered office
Lynton House
7-12 Tavistock Square

London

WC1H 9LT




Trading Address
Granite House
31 Stockwell Street

Glasgow

G1 4RZ






Accountants
Menzies LLP
Chartered Accountants

Lynton House

7-12 Tavistock Square

London

WC1H 9LT





 


ALISTAIR BROWN INTERNATIONAL REAL ESTATE LIMITED
REGISTERED NUMBER:11099694



STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,207
27,036

Investments
 5 
55,000
55,000

Investment property
 6 
775,000
804,000

  
847,207
886,036

Current assets
  

Debtors: amounts falling due within one year
 7 
113,160
126,335

Cash at bank and in hand
  
5,137
3,162

  
118,297
129,497

Creditors: amounts falling due within one year
 8 
(1,085,641)
(1,135,291)

Net current liabilities
  
 
 
(967,344)
 
 
(1,005,794)

Total assets less current liabilities
  
(120,137)
(119,758)

Creditors: amounts falling due after more than one year
 9 
(315,644)
(325,282)

Deferred tax
  
(44,393)
(39,249)

  

Net liabilities
  
(480,174)
(484,289)


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
(480,274)
(484,389)

  
(480,174)
(484,289)



 


ALISTAIR BROWN INTERNATIONAL REAL ESTATE LIMITED
REGISTERED NUMBER:11099694


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A R Brown
Director

Date: 27 January 2025

The notes on  form part of these financial statements.


 


ALISTAIR BROWN INTERNATIONAL REAL ESTATE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Alistair Brown International Real Estate Limited is a private company, limited by shares, incorporated in England and Wales, company registration number 11099694. The registered office is Lynton House, 7-12 Tavistock Square, London, United Kingdom, WC1H 9LT and the principal place of business is Granite House, 31 Stockwell Street, Glasgow, G1 4RZ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors have pledged to provide continuing financial support to the company, to enable the company to
continue operational existence for the foreseeable future. For this reason, the directors continue to adopt the
going concern basis of accounts in preparing the annual financial statements.

 
2.3

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

  
2.4

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is generated through advising on property transactions and measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


 


ALISTAIR BROWN INTERNATIONAL REAL ESTATE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.


 


ALISTAIR BROWN INTERNATIONAL REAL ESTATE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method and the reducing-balance basis..

Depreciation is provided on the following basis:

Fixtures and fittings
-
20%
straight line
Office equipment
-
20%
reducing-balance
Computer equipment
-
25%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Investment property

Investment property is carried at fair value determined by directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.11

Valuation of investments

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.12

Associates and joint ventures

Associates and Joint Ventures are held at cost less impairment.

 
2.13

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 -5).


 


ALISTAIR BROWN INTERNATIONAL REAL ESTATE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

4.


Tangible fixed assets





Fixtures and fittings
Office equipment
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 January 2023
25,856
28,691
10,421
64,968



At 31 December 2023

25,856
28,691
10,421
64,968



Depreciation


At 1 January 2023
14,452
15,399
8,081
37,932


Charge for the year on owned assets
5,171
2,659
1,999
9,829



At 31 December 2023

19,623
18,058
10,080
47,761



Net book value



At 31 December 2023
6,233
10,633
341
17,207



At 31 December 2022
11,404
13,292
2,340
27,036


5.


Fixed asset investments





Investments in associates
Unlisted investments
Total

£
£
£



Cost or valuation


At 1 January 2023
45,000
10,000
55,000



At 31 December 2023
45,000
10,000
55,000





 


ALISTAIR BROWN INTERNATIONAL REAL ESTATE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Investment property


Freehold investment property

£



Valuation


At 1 January 2023
804,000


Surplus on revaluation
(29,000)



At 31 December 2023
775,000

The 2023 valuations were made by directors, on an open market value for existing use basis.





7.


Debtors

2023
2022
£
£


Trade debtors
13,596
17,193

Other debtors
99,564
109,142

113,160
126,335



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
4,292
4,292

Trade creditors
4,344
9,635

Corporation tax
-
23,455

Other creditors
1,071,505
1,093,909

Accruals and deferred income
5,500
4,000

1,085,641
1,135,291



 


ALISTAIR BROWN INTERNATIONAL REAL ESTATE LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
315,644
325,282

315,644
325,282


Within bank loans due more than one year, there is a secured creditor of £280,500. This is secured by a fixed charge against a property included within investment properties.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
4,292
4,292


4,292
4,292


Amounts falling due 2-5 years

Bank loans
309,834
309,834


309,834
309,834

Amounts falling due after more than 5 years

Bank loans
5,810
15,448

5,810
15,448

319,936
329,574



11.


Related party transactions

As at the balance sheet date 31 December 2023, within other debtors, there is a balance owed of £96,585 (2022: £95,056) from a company under common control. The loan has been provided interest free and is repayable on demand.
As at the balance sheet date 31 December 2023, within other creditors, there is a balance owed of £1,068,028 (2022: £1,091,653)  to the director. The loan has been provided interest free and is repayable on demand.