Brooklands Grovehill Ltd 13325433 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 13325433 2023-05-01 2024-04-30 13325433 2024-04-30 13325433 core:RetainedEarningsAccumulatedLosses 2024-04-30 13325433 core:ShareCapital 2024-04-30 13325433 core:CurrentFinancialInstruments 2024-04-30 13325433 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 13325433 core:FurnitureFittingsToolsEquipment 2024-04-30 13325433 bus:SmallEntities 2023-05-01 2024-04-30 13325433 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13325433 bus:FilletedAccounts 2023-05-01 2024-04-30 13325433 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 13325433 bus:RegisteredOffice 2023-05-01 2024-04-30 13325433 bus:Director1 2023-05-01 2024-04-30 13325433 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13325433 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 13325433 countries:UnitedKingdom 2023-05-01 2024-04-30 13325433 2023-04-30 13325433 core:FurnitureFittingsToolsEquipment 2023-04-30 13325433 2022-05-01 2023-04-30 13325433 2023-04-30 13325433 core:RetainedEarningsAccumulatedLosses 2023-04-30 13325433 core:ShareCapital 2023-04-30 13325433 core:CurrentFinancialInstruments 2023-04-30 13325433 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 13325433 core:FurnitureFittingsToolsEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 13325433

Brooklands Grovehill Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

Brooklands Grovehill Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Brooklands Grovehill Ltd

(Registration number: 13325433)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

12,899

21,581

Investment property

5

1,979,690

1,635,170

 

1,992,589

1,656,751

Current assets

 

Debtors

6

37,640

51,372

Cash at bank and in hand

 

4,945

231

 

42,585

51,603

Creditors: Amounts falling due within one year

7

(2,044,885)

(1,718,791)

Net current liabilities

 

(2,002,300)

(1,667,188)

Net liabilities

 

(9,711)

(10,437)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(9,811)

(10,537)

Shareholders' deficit

 

(9,711)

(10,437)

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.

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 21 January 2025 and signed on its behalf by:
 

.........................................
P D Barbor
Director

 

Brooklands Grovehill Ltd

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

1

General information

The Company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Suite 1
Hesslewood Office Park
Hessle
HU13 OLH

These financial statements were authorised for issue by the Board on 21 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 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 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.

The financial statements have been prepared for the individual entity and are presented in sterling and rounded to the nearest pound.

Going concern

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

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

 

Brooklands Grovehill Ltd

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

Stocks

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.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 2 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

23,979

23,979

Disposals

(5,329)

(5,329)

At 30 April 2024

18,650

18,650

Depreciation

At 1 May 2023

2,398

2,398

Charge for the year

4,774

4,774

Eliminated on disposal

(1,421)

(1,421)

At 30 April 2024

5,751

5,751

Carrying amount

At 30 April 2024

12,899

12,899

At 30 April 2023

21,581

21,581

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of freehold land and buildings.
 

5

Investment properties

 

Brooklands Grovehill Ltd

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

2024
£

At 1 May

1,635,170

Additions

344,520

At 30 April

1,979,690

The fair value of the investment properties have been determined by the directors on an open market basis.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Trade debtors

83

-

Prepayments

23,553

20,443

Other debtors

14,004

30,929

 

37,640

51,372

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

259,900

249,900

Trade creditors

 

34,813

7,824

Accruals and deferred income

 

7,138

1,500

Other creditors

 

1,743,034

1,459,567

 

2,044,885

1,718,791

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

259,900

249,900