Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312023-04-01falseNo description of principal activity32truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00726738 2023-04-01 2024-03-31 00726738 2022-04-01 2023-03-31 00726738 2024-03-31 00726738 2023-03-31 00726738 c:Director1 2023-04-01 2024-03-31 00726738 c:Director2 2023-04-01 2024-03-31 00726738 c:Director3 2023-04-01 2024-03-31 00726738 c:Director4 2023-04-01 2024-03-31 00726738 c:Director4 2024-03-31 00726738 c:RegisteredOffice 2023-04-01 2024-03-31 00726738 d:FreeholdInvestmentProperty 2024-03-31 00726738 d:FreeholdInvestmentProperty 2023-03-31 00726738 d:CurrentFinancialInstruments 2024-03-31 00726738 d:CurrentFinancialInstruments 2023-03-31 00726738 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00726738 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00726738 d:ShareCapital 2024-03-31 00726738 d:ShareCapital 2023-03-31 00726738 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00726738 d:RetainedEarningsAccumulatedLosses 2024-03-31 00726738 d:RetainedEarningsAccumulatedLosses 2023-03-31 00726738 c:FRS102 2023-04-01 2024-03-31 00726738 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00726738 c:FullAccounts 2023-04-01 2024-03-31 00726738 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00726738 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00726738 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 00726738 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure
Registered number: 00726738










BROOK AVENUE INVESTMENTS LIMITED
UNAUDITED
DIRECTOR'S REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




















 
BROOK AVENUE INVESTMENTS LIMITED
 
 
Company Information


Directors
S V Marshall 
T J Jonas 
G C Marshall 
M W Wright (appointed 15 February 2024)




Registered number
00726738



Registered office
3rd Floor
12 Gough Square

London

EC4A 3DW





 
BROOK AVENUE INVESTMENTS LIMITED
Registered number: 00726738

Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
3,600,000
3,600,000

  
3,600,000
3,600,000

Current assets
  

Debtors: amounts falling due within one year
 5 
15,807
25,053

Cash at bank and in hand
  
137,075
182,471

  
152,882
207,524

Creditors: amounts falling due within one year
 6 
(18,053)
(41,701)

Net current assets
  
 
 
134,829
 
 
165,823

Total assets less current liabilities
  
3,734,829
3,765,823

Provisions for liabilities
  

Deferred tax
 7 
(812,475)
(812,475)

  
 
 
(812,475)
 
 
(812,475)

Net assets
  
2,922,354
2,953,348


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
 8 
2,921,354
2,952,348

  
2,922,354
2,953,348


Page 1

 
BROOK AVENUE INVESTMENTS LIMITED
Registered number: 00726738
    
Balance sheet (continued)
As at 31 March 2024

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 comprehensive income 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 on 15 January 2025.




................................................
S V Marshall
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BROOK AVENUE INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2024

1.


General information

Brook Avenue Investments Limited is a private limited company incorporated in the United Kingdom and registered in England and Wales. The company's registered office is 3rd Floor, 12 Gough Square, London, EC4A 3DW.

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Turnover

The turnover shown in the profit and loss account represents UK rents and service charges receivable during the year.

 
2.3

Investment property

Investment property is carried at fair value determined annually by external valuers 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 the Profit and loss account.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.6

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Page 3

 
BROOK AVENUE INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)


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.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument 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.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.
Page 4

 
BROOK AVENUE INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)


2.6
Financial instruments (continued)


Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

 
2.7

Creditors

Basic financial instruments including trade and other creditors are recognised at the transaction price.

 
2.8

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 5

 
BROOK AVENUE INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2024

2.Accounting policies (continued)

 
2.9

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 balance sheet 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 balance sheet 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 balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 2).


4.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
3,600,000



At 31 March 2024
3,600,000

The 2024 valuations were made by the directors, on an open market value for existing use basis.






Page 6

 
BROOK AVENUE INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2024

5.


Debtors

2024
2023
£
£


Trade debtors
11,246
23,080

Other debtors
2,604
-

Prepayments and accrued income
1,957
1,973

15,807
25,053



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
-
8,680

Other taxation and social security
2,600
3,049

Other creditors
-
19,632

Accruals and deferred income
15,453
10,340

18,053
41,701



7.


Deferred taxation




2024


£






At beginning of year
(812,475)



At end of year
(812,475)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Gain on investment property
(812,475)
(812,475)

(812,475)
(812,475)

Page 7

 
BROOK AVENUE INVESTMENTS LIMITED
 
 
 
Notes to the financial statements
For the Year Ended 31 March 2024

8.


Reserves

Profit & loss account

Included in the profit and loss account are non-distributable reserves of £2,743,445 (2023: £2,743,445).


9.


Related party transactions

During the year the company operated a loan account with a company under common control. At the year year end Brook Avenue Investments Limited was owed £2,604 (2023: Brook Avenue Investments owed £19,632).

 
Page 8