Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31property investment and lettings7true2023-04-01false7trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00609878 2023-04-01 2024-03-31 00609878 2022-04-01 2023-03-31 00609878 2024-03-31 00609878 2023-03-31 00609878 2022-04-01 00609878 c:Director2 2023-04-01 2024-03-31 00609878 d:MotorVehicles 2023-04-01 2024-03-31 00609878 d:MotorVehicles 2024-03-31 00609878 d:MotorVehicles 2023-03-31 00609878 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00609878 d:FurnitureFittings 2023-04-01 2024-03-31 00609878 d:FurnitureFittings 2024-03-31 00609878 d:FurnitureFittings 2023-03-31 00609878 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00609878 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 00609878 d:FreeholdInvestmentProperty 2024-03-31 00609878 d:FreeholdInvestmentProperty 2023-03-31 00609878 d:CurrentFinancialInstruments 2024-03-31 00609878 d:CurrentFinancialInstruments 2023-03-31 00609878 d:Non-currentFinancialInstruments 2024-03-31 00609878 d:Non-currentFinancialInstruments 2023-03-31 00609878 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 00609878 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 00609878 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 00609878 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 00609878 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-03-31 00609878 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-03-31 00609878 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-03-31 00609878 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-03-31 00609878 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-03-31 00609878 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-03-31 00609878 d:ShareCapital 2024-03-31 00609878 d:ShareCapital 2023-03-31 00609878 d:OtherMiscellaneousReserve 2023-04-01 2024-03-31 00609878 d:OtherMiscellaneousReserve 2024-03-31 00609878 d:OtherMiscellaneousReserve 2023-03-31 00609878 d:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 00609878 d:RetainedEarningsAccumulatedLosses 2024-03-31 00609878 d:RetainedEarningsAccumulatedLosses 2023-03-31 00609878 c:FRS102 2023-04-01 2024-03-31 00609878 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 00609878 c:FullAccounts 2023-04-01 2024-03-31 00609878 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 00609878 2 2023-04-01 2024-03-31 00609878 6 2023-04-01 2024-03-31 00609878 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 00609878 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 00609878 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 00609878 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 00609878 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 00609878









BROOKER SETTLED ESTATES LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
BROOKER SETTLED ESTATES LIMITED
REGISTERED NUMBER: 00609878

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,666
10,076

Investments
 5 
42,477
42,477

Investment property
 6 
4,496,730
4,496,730

  
4,547,873
4,549,283

Current assets
  

Debtors: amounts falling due within one year
 7 
67,837
56,370

Cash at bank and in hand
 8 
16,714
98,724

  
84,551
155,094

Creditors: amounts falling due within one year
 9 
(505,801)
(431,255)

Net current liabilities
  
 
 
(421,250)
 
 
(276,161)

Total assets less current liabilities
  
4,126,623
4,273,122

Creditors: amounts falling due after more than one year
 10 
(89,231)
(227,488)

Provisions for liabilities
  

Deferred tax
 12 
(796,159)
(598,731)

Net assets
  
3,241,233
3,446,903


Capital and reserves
  

Called up share capital 
  
150
150

Non-distributable profit
 13 
3,153,502
3,349,554

Profit and loss account
 13 
87,581
97,199

  
3,241,233
3,446,903


Page 1

 
BROOKER SETTLED ESTATES LIMITED
REGISTERED NUMBER: 00609878
    
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 21 March 2025.






Mr R J Brooker
Director

The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
BROOKER SETTLED ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Brooker Settled Estates Limited is a private company limited by shares, incorporated in England, United Kingdom.  The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN.  The company's principal activity was that of property investment and lettings.

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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BROOKER SETTLED ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

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.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Furniture, fittings and equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
BROOKER SETTLED ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.8

Investment property

Investment property is carried at fair value determined annually by the directors 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. 

 
2.9

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.10

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.

 
2.11

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

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.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

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.

Page 5

 
BROOKER SETTLED ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2023 - 7).


4.


Tangible fixed assets





Motor Vehicles
Furniture, fittings and equipment
Total

£
£
£



Cost 


At 1 April 2023
27,649
21,500
49,149


Additions
-
1,473
1,473



At 31 March 2024

27,649
22,973
50,622



Depreciation


At 1 April 2023
23,430
15,643
39,073


Charge for the year on owned assets
1,056
1,827
2,883



At 31 March 2024

24,486
17,470
41,956



Net book value



At 31 March 2024
3,163
5,503
8,666



At 31 March 2023
4,219
5,857
10,076

Page 6

 
BROOKER SETTLED ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Fixed asset investments





Unlisted Investments

£



Cost


At 1 April 2023
42,477



At 31 March 2024
42,477





6.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
4,496,730



At 31 March 2024
4,496,730

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





7.


Debtors

2024
2023
£
£


Trade debtors
6,140
3,135

Amounts owed by associated undertakings
36,323
36,142

Other debtors
6,389
6,040

Prepayments and accrued income
18,985
11,053

67,837
56,370


Page 7

 
BROOKER SETTLED ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
16,714
98,724



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
12,747
28,436

Amounts owed to associates
82,732
82,913

Other taxation and social security
980
-

Other creditors
363,067
253,218

Accruals and deferred income
46,275
66,688

505,801
431,255


The following liabilities were secured:

2024
2023
£
£



Bank loans
12,747
28,436

Details of security provided:

The bank loans are secured over the property at 3 Birkbeck Road, London, W5 4ES in favour of Onesavings Bank Plc.


10.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
89,231
227,488


The bank loans are secured over the property at 3 Birkbeck Road, London, W5 4ES in favour of Onesavings Bank Plc.

Page 8

 
BROOKER SETTLED ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

11.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
12,747
28,436

Amounts falling due 1-2 years

Bank loans
12,747
28,436

Amounts falling due 2-5 years

Bank loans
38,242
85,308

Amounts falling due after more than 5 years

Bank loans
38,242
113,744

101,978
255,924



12.


Deferred taxation




2024
2023


£

£






At beginning of year
(598,731)
(609,567)


(Charged)/released to profit or loss
(197,428)
10,836



At end of year
(796,159)
(598,731)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Investment property revaluation
(805,619)
(609,567)

Tax losses carried forward
9,460
10,836

(796,159)
(598,731)

Page 9

 
BROOKER SETTLED ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

13.


Reserves

Non-distributable profit reserve

Non-distributable profit reserves relating to the unrealised gain or loss on fair value adjustments of investment properties. Deferred tax has been provided on the revaluation of investment properties.

Profit and loss account

Includes all current and prior period retained profits and losses.


14.


Related party transactions

The company had the following related party transactions:


2024
2023
£
£

Amounts owed by an associated company
36,323
36,142
Amounts owed to an associated company
82,793
82,913


15.


Controlling party

Mr G L Brooker and his wife own 54% of Pamwillow Limited (1439392 - incorporated in England and Wales), which owns 50% of the shares in Brooker Settled Estates Limited.

 
Page 10