1 April 2023 v2025.15.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP006786002023-04-012024-03-31006786002024-03-31006786002023-03-3100678600core:WithinOneYear2024-03-3100678600core:WithinOneYear2023-03-3100678600core:ShareCapital2024-03-3100678600core:ShareCapital2023-03-3100678600core:RevaluationReserve2024-03-3100678600core:RevaluationReserve2023-03-3100678600core:OtherReservesSubtotal2024-03-3100678600core:OtherReservesSubtotal2023-03-3100678600core:RetainedEarningsAccumulatedLosses2024-03-3100678600core:RetainedEarningsAccumulatedLosses2023-03-3100678600bus:Director12023-04-012024-03-3100678600bus:RegisteredOffice2023-04-012024-03-3100678600core:OfficeEquipment2023-04-012024-03-31006786002022-04-012023-03-3100678600core:LandBuildings2024-03-3100678600core:PlantMachinery2024-03-3100678600core:PlantMachinery2023-04-01006786002023-04-0100678600core:PlantMachinery2023-04-012024-03-3100678600core:LandBuildings2023-03-3100678600core:PlantMachinery2023-03-3100678600core:CostValuation2023-04-0100678600core:CostValuation2024-03-310067860012023-04-012024-03-3100678600countries:EnglandWales2023-04-012024-03-3100678600bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3100678600bus:PrivateLimitedCompanyLtd2023-04-012024-03-3100678600bus:SmallEntities2023-04-012024-03-3100678600bus:FullAccounts2023-04-012024-03-31
Company registration number:
00678600
BRIGHTON & HOVE SECURITIES LTD
Unaudited Filleted Financial Statements for the year ended
31 March 2024
BRIGHTON & HOVE SECURITIES LTD
Report to the board of directors on the preparation of the unaudited statutory financial statements of BRIGHTON & HOVE SECURITIES LTD
Year ended
31 March 2024
As described on the statement of financial position, the Board of Directors of
BRIGHTON & HOVE SECURITIES LTD
are responsible for the preparation of the
financial statements
for the year ended
31 March 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
JSG Management Services
Accountants
41 The Avenue
Shoreham-by-Sea
West Sussex
BN43 5GJ
United Kingdom
Date:
14 March 2025
BRIGHTON & HOVE SECURITIES LTD
Statement of Financial Position
31 March 2024
20242023
Note££
Fixed assets    
Tangible assets 5
1,303,965
 
1,304,013
 
Investments 6
100
 
100
 
1,304,065
 
1,304,113
 
Current assets    
Stocks
8,104,248
 
7,604,396
 
Debtors 7
128,991
 
125,474
 
Cash at bank and in hand
1,379,874
 
2,057,976
 
9,613,113
 
9,787,846
 
Creditors: amounts falling due within one year 8
(2,843,699
)
(3,277,440
)
Net current assets
6,769,414
 
6,510,406
 
Total assets less current liabilities 8,073,479   7,814,519  
Capital and reserves    
Called up share capital
100,000
 
100,000
 
Revaluation reserve
873,906
 
873,906
 
Other reserves
1,493
 
1,493
 
Profit and loss account
7,098,080
 
6,839,120
 
Shareholders funds
8,073,479
 
7,814,519
 
For the year ending
31 March 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 financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
14 March 2025
, and are signed on behalf of the board by:
Edward Clarke
Director
Company registration number:
00678600
BRIGHTON & HOVE SECURITIES LTD
Notes to the Financial Statements
Year ended
31 March 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
61/63 Lansdowne Place
,
Hove
,
East Sussex
,
BN3 1FL
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
20% reducing balance

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stocks to their present location and condition.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 April 2023
and
31 March 2024
1,303,693
 
2,468
 
1,306,161
 
Depreciation      
At
1 April 2023
-  
2,148
 
2,148
 
Charge -  
48
 
48
 
At
31 March 2024
-  
2,196
 
2,196
 
Carrying amount      
At
31 March 2024
1,303,693
 
272
 
1,303,965
 
At 31 March 2023
1,303,693
 
320
 
1,304,013
 

6 Investments

Shares in group undertakings and participating interests
£
Cost  
At
1 April 2023
100
 
At
31 March 2024
100
 
Impairment  
At
1 April 2023
and
31 March 2024
-  
Carrying amount  
At
31 March 2024
100
 
At 31 March 2023
100
 

7 Debtors

20242023
££
Other debtors
128,991
 
125,474
 

8 Creditors: amounts falling due within one year

20242023
££
Amounts owed to group undertakings and undertakings in which the company has a participating interest
103
 
103
 
Taxation and social security
86,169
 
98,239
 
Other creditors
2,757,427
 
3,179,098
 
2,843,699
 
3,277,440
 

9 Controlling party

The company is controlled by the directors equally.