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REGISTERED NUMBER: 08764630 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

BRICKFIELDS IW LIMITED

BRICKFIELDS IW LIMITED (REGISTERED NUMBER: 08764630)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRICKFIELDS IW LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: Mr K Read
Mrs R Read





REGISTERED OFFICE: 1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA





REGISTERED NUMBER: 08764630 (England and Wales)





ACCOUNTANTS: Mackenzies
Chartered Accountants
1 Langley Court
Pyle Street
Newport
Isle of Wight
PO30 1LA

BRICKFIELDS IW LIMITED (REGISTERED NUMBER: 08764630)

BALANCE SHEET
30 NOVEMBER 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 1,192,953 1,192,953

CURRENT ASSETS
Debtors 5 9,804 8,863
Cash at bank 50,861 53,401
60,665 62,264
CREDITORS
Amounts falling due within one year 6 188,903 234,727
NET CURRENT LIABILITIES (128,238 ) (172,463 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,064,715

1,020,490

CREDITORS
Amounts falling due after more than one
year

7

-

101,391
NET ASSETS 1,064,715 919,099

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 1,064,615 918,999
SHAREHOLDERS' FUNDS 1,064,715 919,099

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

BRICKFIELDS IW LIMITED (REGISTERED NUMBER: 08764630)

BALANCE SHEET - continued
30 NOVEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 April 2025 and were signed on its behalf by:




Mr K Read - Director



Mrs R Read - Director


BRICKFIELDS IW LIMITED (REGISTERED NUMBER: 08764630)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024


1. STATUTORY INFORMATION

Brickfields IW Limited 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.

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

Freehold property
The directors consider the open market value of each freehold property at the end of every accounting year, depreciation is provided to the extent that open market value of a property is less than its cost or written down value, whichever is the lowest. At the balance date all properties were considered by the directors to have an open market value in excess of their original cost and therefore no depreciation has been provided.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£
COST
At 1 December 2023
and 30 November 2024 1,192,953
NET BOOK VALUE
At 30 November 2024 1,192,953
At 30 November 2023 1,192,953

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 7,544 6,603
Other debtors 2,260 2,260
9,804 8,863

Other debtors is made up of £2,260 (2023: £2,260) held by a third-party deposit protection service.

BRICKFIELDS IW LIMITED (REGISTERED NUMBER: 08764630)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other loans 130,211 180,000
Trade creditors 4,377 4,376
Tax 48,563 45,227
Directors' current accounts 4,174 3,654
Accrued expenses 1,578 1,470
188,903 234,727

Other loans are installment payments due under a loan agreement with Reynolds & Read Limited, a company of which Mr K Read is also a director.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Other loans - 1-2 years - 101,391

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
51 Ordinary A £1 51 51
49 Ordinary B £1 49 49
100 100

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr K Read.