1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 197,885 164,720 362,605 362,605 197,885 xbrli:pure xbrli:shares iso4217:GBP 01122047 2023-04-01 2024-03-31 01122047 2024-03-31 01122047 2023-03-31 01122047 2022-04-01 2023-03-31 01122047 2023-03-31 01122047 2022-03-31 01122047 bus:Director1 2023-04-01 2024-03-31 01122047 core:LandBuildings core:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 01122047 core:AfterOneYear 2024-03-31 01122047 core:AfterOneYear 2023-03-31 01122047 core:WithinOneYear 2024-03-31 01122047 core:WithinOneYear 2023-03-31 01122047 core:ShareCapital 2024-03-31 01122047 core:ShareCapital 2023-03-31 01122047 core:RetainedEarningsAccumulatedLosses 2024-03-31 01122047 core:RetainedEarningsAccumulatedLosses 2023-03-31 01122047 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 01122047 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 01122047 core:LandBuildings core:OwnedOrFreeholdAssets 2023-03-31 01122047 bus:SmallEntities 2023-04-01 2024-03-31 01122047 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 01122047 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 01122047 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01122047 bus:FullAccounts 2023-04-01 2024-03-31
COMPANY REGISTRATION NUMBER: 01122047
New Brompton Court Limited
Filleted Unaudited Financial Statements
31 March 2024
New Brompton Court Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
362,605
197,885
Current assets
Debtors
6
3,645
169,503
Cash at bank and in hand
27,275
39,824
--------
---------
30,920
209,327
Creditors: amounts falling due within one year
7
102,621
98,359
---------
---------
Net current (liabilities)/assets
( 71,701)
110,968
---------
---------
Total assets less current liabilities
290,904
308,853
Creditors: amounts falling due after more than one year
8
179,091
179,072
---------
---------
Net assets
111,813
129,781
---------
---------
New Brompton Court Limited
Statement of Financial Position (continued)
31 March 2024
2024
2023
Note
£
£
Capital and reserves
Called up share capital
100
100
Profit and loss account
111,713
129,681
---------
---------
Shareholders funds
111,813
129,781
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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 were approved by the board of directors and authorised for issue on 20 February 2025 , and are signed on behalf of the board by:
Mrs M Stephens
Director
Company registration number: 01122047
New Brompton Court Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 Greengate, Cardale Park, Harrogate, HG3 1GY, North Yorkshire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The company recognises revenue on an accruals basis, when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company. Revenue comprises rental income arising from residential property, and which is recognised in the profit and loss account for at the start of the month it arises.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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 equity, except to the extent 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Tangible assets
Investment property
£
Cost
At 1 April 2023
197,885
Additions
164,720
---------
At 31 March 2024
362,605
---------
Depreciation
At 1 April 2023 and 31 March 2024
---------
Carrying amount
At 31 March 2024
362,605
---------
At 31 March 2023
197,885
---------
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
6. Debtors
2024
2023
£
£
Other debtors
3,645
169,503
-------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,499
684
Other creditors
99,122
97,675
---------
--------
102,621
98,359
---------
--------
8. Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
179,091
179,072
---------
---------
9. Directors' advances, credits and guarantees
The directors loan accounts remained in credit throughout the year.
10. Related party transactions
No other transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.
11. Controlling party
The company was under the control of the Directors throughout the current and previous year.