Registered number
04998326
Brondesbury Lodge Limited
Filleted Accounts
31 December 2024
Brondesbury Lodge Limited
Registered number: 04998326
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 88,000 110,000
Tangible assets 4 368,521 382,021
456,521 492,021
Current assets
Stocks 2,540 2,340
Debtors 5 5,169 1,361
Cash at bank and in hand 899,538 612,505
907,247 616,206
Creditors: amounts falling due within one year 6 (181,566) (131,531)
Net current assets 725,681 484,675
Net assets 1,182,202 976,696
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 1,181,202 975,696
Shareholders' funds 1,182,202 976,696
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J S Guram
Director
Approved by the board on 4 March 2025
Brondesbury Lodge Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 46 45
3 Intangible fixed assets £
Goodwill:
Cost
At 1 January 2024 330,000
At 31 December 2024 330,000
Amortisation
At 1 January 2024 220,000
Provided during the year 22,000
At 31 December 2024 242,000
Net book value
At 31 December 2024 88,000
At 31 December 2023 110,000
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2024 582,498 86,084 668,582
At 31 December 2024 582,498 86,084 668,582
Depreciation
At 1 January 2024 212,980 73,581 286,561
Charge for the year 11,000 2,500 13,500
At 31 December 2024 223,980 76,081 300,061
Net book value
At 31 December 2024 358,518 10,003 368,521
At 31 December 2023 369,518 12,503 382,021
5 Debtors 2024 2023
£ £
Trade debtors 5,169 1,361
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 15,088 10,607
Corporation tax 139,273 88,847
Other taxes and social security costs 23,459 22,200
Other creditors 3,746 9,877
181,566 131,531
7 Directors advances, credits and controlling party
The director has, from time to time, advanced funds to the company. Such loans are interest- free, unsecured and repayable on demand.The company is controlled by the directors, Mr G & J Guram who is also the main shareholder.
8 Other information
Brondesbury Lodge Limited is a private company limited by shares and incorporated in England. Its registered office is:
Heol Derw
Cardigan
Ceredigion
SA43 1NH
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