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REGISTERED NUMBER: 08552023 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

BRICKHOUSE REAL ESTATE & DEVELOPMENT CO.
LTD

BRICKHOUSE REAL ESTATE & DEVELOPMENT CO.
LTD (REGISTERED NUMBER: 08552023)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRICKHOUSE REAL ESTATE & DEVELOPMENT CO.
LTD

COMPANY INFORMATION
for the Year Ended 31 May 2024







DIRECTORS: S O Shonibare
A Shonibare





REGISTERED OFFICE: 10 John Street
London
WC1N 2EB





REGISTERED NUMBER: 08552023 (England and Wales)





ACCOUNTANTS: Oury Clark Chartered Accountants
Herschel House
58 Herschel Street
Slough
Berkshire
SL1 1PG

BRICKHOUSE REAL ESTATE & DEVELOPMENT CO.
LTD (REGISTERED NUMBER: 08552023)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,281 805
Investment property 5 1,028,169 1,028,169
1,030,450 1,028,974

CURRENT ASSETS
Cash at bank 3,547 796

CREDITORS
Amounts falling due within one year 6 820,389 795,442
NET CURRENT LIABILITIES (816,842 ) (794,646 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

213,608

234,328

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 213,508 234,228
SHAREHOLDERS' FUNDS 213,608 234,328

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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.

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 4 March 2025 and were signed on its behalf by:





A Shonibare - Director


BRICKHOUSE REAL ESTATE & DEVELOPMENT CO.
LTD (REGISTERED NUMBER: 08552023)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Brickhouse Real Estate & Development Co. Ltd 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.

Going concern
The financial statements have been prepared on the going concern basis in light of the fact that the directors have pledged their support to the company in order to meet the company's liabilities as they fall due, for a period of at least twelve months and a day from the date of this financial statements.

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

Tangible fixed assets
Tangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated depreciation and any accumulated impairment losses

The Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc - 25% reducing balance

The company has not provided for depreciation in respect of its freehold properties as the directors consider that the useful economic life of the properties are long and the residual values high and therefore any depreciation charge would be immaterial as the properties are maintained in a constant state of good repair.

Investment property
Investment property is initially measured at cost and subsequently measured at cost, net of any impairment losses.

Financial instruments
Basic financial instruments as covered by Section 11 of FRS102 are measured at amortised cost. The company does not have any other financial instruments as covered by Section 12 of FRS102.

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.


BRICKHOUSE REAL ESTATE & DEVELOPMENT CO.
LTD (REGISTERED NUMBER: 08552023)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 8,570
Additions 2,237
At 31 May 2024 10,807
DEPRECIATION
At 1 June 2023 7,765
Charge for year 761
At 31 May 2024 8,526
NET BOOK VALUE
At 31 May 2024 2,281
At 31 May 2023 805

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,028,169
NET BOOK VALUE
At 31 May 2024 1,028,169
At 31 May 2023 1,028,169

BRICKHOUSE REAL ESTATE & DEVELOPMENT CO.
LTD (REGISTERED NUMBER: 08552023)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 May 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 8,185 19,080
Other creditors & accruals 812,204 776,362
820,389 795,442

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Shonibare.