New Brook Developments (Yardley) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 00816037 (England and Wales)

Financial Statements

for the Year Ended 30 September 2024

for

New Brook Developments (Yardley) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

G S Yorke-Brooks

SECRETARY:

C E Yorke-Brooks

REGISTERED OFFICE:

Oriel House

2 - 8 Oriel Road

Bootle

Merseyside

L20 7EP

REGISTERED NUMBER:

00816037 (England and Wales)

ACCOUNTANTS:

SB&P

Chartered Accountants

Oriel House

2/8 Oriel Road

Bootle

Merseyside

L20 7EP

FIXED ASSETS

Tangible assets

4

-

5,418

Investment property

5

1,567,458

1,572,876

CREDITORS

Amounts falling due within one year

6

146,717

152,821

NET CURRENT LIABILITIES

(146,717

)

(152,821

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,420,741

1,420,055

PROVISIONS FOR LIABILITIES

215,438

NET ASSETS

1,205,303

1,204,617

CAPITAL AND RESERVES

Called up share capital

7

100

Fair value reserve

8

820,248

Retained earnings

8

384,955

384,269

SHAREHOLDERS' FUNDS

1,205,303

1,204,617

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 7 May 2025 and were signed by:

G S Yorke-Brooks - Director

1.	STATUTORY INFORMATION

New Brook Developments (Yardley) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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

The properties and ground rents are held as investments. The company receives income from these sources.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 25% reducing balance

Fixtures and Fittings - 25% reducing balance

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.

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.

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

Fixtures

Plant and

and

machinery

fittings

Totals

£

COST

At 1 October 2023

59,750

2,862

62,612

Disposals

(12,893

)

(905

)

(13,798

)

At 30 September 2024

46,857

1,957

48,814

DEPRECIATION

At 1 October 2023

54,619

2,575

57,194

Charge for year

672

-

672

Eliminated on disposal

(8,434

)

(618

)

(9,052

)

At 30 September 2024

46,857

1,957

48,814

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

5,131

287

5,418

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

and 30 September 2024

1,567,458

NET BOOK VALUE

At 30 September 2024

1,567,458

At 30 September 2023

1,567,458

Fair value at 30 September 2024 is represented by:

£

Valuation in 2015

505,036

Valuation in 2017

(1,390

)

Valuation in 2021

531,122

Cost

532,690

1,567,458

If investment properties had not been revalued they would have been included at the following historical cost:

30.9.24

30.9.23

£

Cost

532,690

The investment properties were valued on an open market basis on 30 September 2024 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.9.24

30.9.23

£

Tax

29,605

8,551

Inter company

117,112

144,270

146,717

152,821

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.9.24

30.9.23

value:

£

100

Ordinary

£1

100

8.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 October 2023

384,269

820,248

1,204,517

Profit for the year

83,505

Dividends

(82,819

)

(82,819

)

At 30 September 2024

384,955

820,248

1,205,203