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REGISTERED NUMBER: 05464164 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Brickwall Estates Ltd

Brickwall Estates Ltd (Registered number: 05464164)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Brickwall Estates Ltd

Company Information
for the Year Ended 31 October 2024







DIRECTORS: M N Muller
Mrs S F Muller





SECRETARY: M N Muller





REGISTERED OFFICE: 5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD





REGISTERED NUMBER: 05464164 (England and Wales)





ACCOUNTANTS: Henry Reeves & Co Limited
Chartered Certified Accountants
5 West Court
Enterprise Road
Maidstone
Kent
ME15 6JD

Brickwall Estates Ltd (Registered number: 05464164)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 55,158 87,450
Investment property 6 5,472,186 4,936,985
5,527,344 5,024,435

CURRENT ASSETS
Debtors 7 21,242 11,013
Cash at bank 14,587 7,251
35,829 18,264
CREDITORS
Amounts falling due within one year 8 268,742 191,459
NET CURRENT LIABILITIES (232,913 ) (173,195 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,294,431

4,851,240

CREDITORS
Amounts falling due after more than one
year

9

(3,846,605

)

(3,556,737

)

PROVISIONS FOR LIABILITIES (281,771 ) (247,739 )
NET ASSETS 1,166,055 1,046,764

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 11 1,158,907 987,952
Retained earnings 7,048 58,712
SHAREHOLDERS' FUNDS 1,166,055 1,046,764

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

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

Brickwall Estates Ltd (Registered number: 05464164)

Balance Sheet - continued
31 October 2024


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 1 April 2025 and were signed on its behalf by:





M N Muller - Director


Brickwall Estates Ltd (Registered number: 05464164)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Brickwall Estates 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 as modified by the revaluation of certain assets.

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

Turnover represents rental income recognised on a straight line basis over the term of the lease.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, has been fully amortised evenly over its estimated useful life of four years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery - 25% Straight Line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Deferred taxation is provided on the fair value movements at the rate expected to apply when the property is sold.

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.

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.

Brickwall Estates Ltd (Registered number: 05464164)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued

Operating leases
Rentals paid under operating leases are charged to profit and loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 6,000
AMORTISATION
At 1 November 2023
and 31 October 2024 6,000
NET BOOK VALUE
At 31 October 2024 -
At 31 October 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 November 2023 237,877
Additions 9,410
Disposals (3,245 )
At 31 October 2024 244,042
DEPRECIATION
At 1 November 2023 150,427
Charge for year 39,268
Eliminated on disposal (811 )
At 31 October 2024 188,884
NET BOOK VALUE
At 31 October 2024 55,158
At 31 October 2023 87,450

Brickwall Estates Ltd (Registered number: 05464164)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 4,936,985
Additions 324,145
Revaluations 211,056
At 31 October 2024 5,472,186
NET BOOK VALUE
At 31 October 2024 5,472,186
At 31 October 2023 4,936,985

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2007 60,469
Valuation in 2008 22,823
Valuation in 2013 151,918
Valuation in 2015 72,328
Valuation in 2017 230,354
Valuation in 2020 226,030
Valuation in 2021 371,426
Valuation in 2022 85,596
Valuation in 2024 211,056
Cost 4,040,186
5,472,186

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,440 5,856
Amounts owed by group undertakings 3,000 750
Other debtors 1,802 4,407
21,242 11,013

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 7,974 7,272
Taxation and social security 286 -
Other creditors 250,482 174,187
268,742 191,459

Brickwall Estates Ltd (Registered number: 05464164)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 3,838,967 3,554,592
Other creditors 7,638 2,145
3,846,605 3,556,737

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 3,833,133 3,538,758

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 3,848,967 3,564,592

The loans are secured by way of fixed and floating charges over the properties and all undertakings of the business.

11. RESERVES
Fair
value
reserve
£   
At 1 November 2023 987,952
Fair value transfer 170,955

At 31 October 2024 1,158,907

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount of £124,078 (2023: £68,997) owed to the directors of the company. This loan is unsecured, interest free and repayable on demand.

13. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £3,000 (2023: £750) due from Stonewall Estates Ltd, a company owned and directed by Mr Mark Muller, the owner and director of Brickwall Estates Ltd. This loan is unsecured, interest free and repayable on demand.

14. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party.