REGISTERED NUMBER: 02971283 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRISKLOOK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Parsons

REGISTERED OFFICE:

40 Bank Street

Sheffield

S1 2DS

REGISTERED NUMBER:

02971283 (England and Wales)

ACCOUNTANTS:

Hollis and Co Limited

Chartered Accountants

35 Wilkinson Street

Sheffield

South Yorkshire

S10 2GB

FIXED ASSETS

Tangible assets

5

-

-

Investment property

6

860,000

860,000

860,000

860,000

CURRENT ASSETS

Debtors

7

25,715

45,582

Cash at bank

9,227

2,339

34,942

47,921

CREDITORS

Amounts falling due within one year

8

48,921

38,464

NET CURRENT (LIABILITIES)/ASSETS

(13,979

)

9,457

TOTAL ASSETS LESS CURRENT LIABILITIES

846,021

869,457

CREDITORS

Amounts falling due after more than one year

9

(330,000

)

(330,000

)

PROVISIONS FOR LIABILITIES

(80,000

)

(80,000

)

NET ASSETS

436,021

459,457

CAPITAL AND RESERVES

Called up share capital

11

17,360

17,360

Capital redemption reserve

7,640

7,640

Retained earnings

411,021

434,457

SHAREHOLDERS' FUNDS

436,021

459,457

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 September 2025 and were signed by:

J M Parsons - Director

1.	STATUTORY INFORMATION

Brisklook 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 (£).

The company is not part of a group, therefore these financial statements cover the entity as an individual company.

The figures in the financial statements are rounded to the nearest £.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable and chargeable refurbishment costs, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on cost

Investment property

Investment properties are those properties owned by the company that are held either to earn rental income or for capital appreciation or both. Investment properties are measured initially at cost, including related transaction costs . After initial recognition at cost, investment properties are carried at their fair value based on market valued determined by a RICS qualified director of the company.

Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Financial Liabilities

The company's bank and other loans payable meet the definition of a basic financial instrument, they are originally recognised at the transaction price, with subsequent measurement being at amortised costs using the effective interest method.

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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

3,274

DEPRECIATION

At 1 January 2024

and 31 December 2024

3,274

NET BOOK VALUE

At 31 December 2024

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

and 31 December 2024

860,000

NET BOOK VALUE

At 31 December 2024

860,000

At 31 December 2023

860,000

Fair value at 31 December 2024 is represented by:

£

Valuation in 2024

860,000

The director, having considered current market conditions, has concluded that the fair value of the company's investment properties is £860,000.

During the year there has been a net revaluation surplus (after movements in provisions for deferred tax) of £NIL (2023: 101,016)

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

15,933

24,481

Other debtors

9,782

21,101

25,715

45,582

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

20,792

14,103

Other creditors

28,129

24,361

48,921

38,464

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

330,000

330,000

10.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

330,000

330,000

The company's bank borrowings are secured by a legal mortgages over the company's property portfolio,

together with a fixed and floating charge over all the company's property and undertakings.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

17,360

Ordinary

£1

17,360

17,360

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

J M Parsons

Balance outstanding at start of year

(13,340

)

2,586

Amounts advanced

58,434

27,497

Amounts repaid

(35,558

)

(43,423

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

9,536

(13,340

)

The above loan is interest free and repayable on demand. The loan has been repaid after the year end.