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REGISTERED NUMBER: 04740623 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Greatbrisk Limited

Greatbrisk Limited (Registered number: 04740623)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Greatbrisk Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: R A Eagle
D M Eagle





SECRETARY: T Eagle





REGISTERED OFFICE: Lowood House Farm
Low Woods Lane
Belton
Loughborough
Leicestershire
LE12 9TR





REGISTERED NUMBER: 04740623 (England and Wales)





ACCOUNTANTS: DeMontfort Business Services Limited
22 DeMontfort Street
Leicester
Leicestershire
LE1 7GB

Greatbrisk Limited (Registered number: 04740623)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 505,000 505,000

CURRENT ASSETS
Debtors 5 525 1,075
Cash at bank 163 1,144
688 2,219
CREDITORS
Amounts falling due within one year 6 460,850 459,475
NET CURRENT LIABILITIES (460,162 ) (457,256 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,838

47,744

CREDITORS
Amounts falling due after more than
one year

7

379,649

380,370
NET LIABILITIES (334,811 ) (332,626 )

CAPITAL AND RESERVES
Called up share capital 3 3
Revaluation reserve 9 196,282 196,282
Retained earnings (531,096 ) (528,911 )
SHAREHOLDERS' FUNDS (334,811 ) (332,626 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Greatbrisk Limited (Registered number: 04740623)

Balance Sheet - continued
31 March 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2024 and were signed on its behalf by:





R A Eagle - Director


Greatbrisk Limited (Registered number: 04740623)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Greatbrisk Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern
The company relies on the continuing support of its bank and directors. The directors have agreed to continue to support the company for the foreseeable future as necessary.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Greatbrisk Limited (Registered number: 04740623)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 505,000
NET BOOK VALUE
At 31 March 2024 505,000
At 31 March 2023 505,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2010 20,824
Valuation in 2019 182,500
Valuation in 2022 39,000
Cost 262,676
505,000

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 262,676 262,676

Investment property was valued on an open market basis on 31 March 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 525 1,075

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts - 2,842
Trade creditors 4,224 4,481
Other creditors 456,626 452,152
460,850 459,475

Greatbrisk Limited (Registered number: 04740623)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 241,197 238,918
Amounts owed to group undertakings 1,523 4,523
Taxation and social security 46,042 46,042
Other creditors 90,887 90,887
379,649 380,370

8. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 241,197 241,760

The bank loans are secured on the properties, ongoing developments and other assets of the company.

The directors have also provided guarantees limited to specific amounts.

9. RESERVES
Revaluatio
reserve
£   
At 1 April 2023
and 31 March 2024 196,282

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

31.3.24 31.3.23
£    £   
R A Eagle
Balance outstanding at start of year (452,096 ) (438,716 )
Amounts advanced 6,250 7,440
Amounts repaid (10,376 ) (20,820 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (456,222 ) (452,096 )