REGISTERED NUMBER: 03667277 (England and Wales)

Financial Statements for the Year Ended 31 December 2024

for

David Brewitt Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D C Brewitt

REGISTERED OFFICE:

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

REGISTERED NUMBER:

03667277 (England and Wales)

AUDITORS:

Douglas Fairless Partnership

Chartered Certified Accountants

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

FIXED ASSETS

Tangible assets

4

22,412

16,481

Investments

5

-

285,000

Investment property

6

5,289,043

5,286,366

5,311,455

5,587,847

CURRENT ASSETS

Debtors

7

2,684,414

1,186,217

Cash at bank

409,797

605,689

3,094,211

1,791,906

CREDITORS

Amounts falling due within one year

8

2,142,577

1,289,611

NET CURRENT ASSETS

951,634

502,295

TOTAL ASSETS LESS CURRENT LIABILITIES

6,263,089

6,090,142

CREDITORS

Amounts falling due after more than one year

9

(24,207

)

(45,687

)

PROVISIONS FOR LIABILITIES

(457,598

)

(454,402

)

NET ASSETS

5,781,284

5,590,053

CAPITAL AND RESERVES

Called up share capital

2

2

Non-distributable retained

earnings

1,432,273

1,432,273

Retained earnings

4,349,009

4,157,778

SHAREHOLDERS' FUNDS

5,781,284

5,590,053

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 25 September 2025 and were signed by:

D C Brewitt - Director

1.	STATUTORY INFORMATION

David Brewitt 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

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.

Revenue recognition

The rents in the profit and loss account are rents recognised over accrued rental periods. Revenue recognised on recharged property running costs are recognised based on date that the cost is invoiced to the company.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2024

22,111

700

22,811

Additions

10,000

-

10,000

At 31 December 2024

32,111

700

32,811

DEPRECIATION

At 1 January 2024

6,155

175

6,330

Charge for year

3,894

175

4,069

At 31 December 2024

10,049

350

10,399

NET BOOK VALUE

At 31 December 2024

22,062

350

22,412

At 31 December 2023

15,956

525

16,481

5.	FIXED ASSET INVESTMENTS

Interest

in other

participating

interests

£

COST

At 1 January 2024

285,000

Disposals

(285,000

)

At 31 December 2024

-

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

285,000

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

5,286,366

Additions

2,677

At 31 December 2024

5,289,043

NET BOOK VALUE

At 31 December 2024

5,289,043

At 31 December 2023

5,286,366

Fair value at 31 December 2024 is represented by:

£

Valuation in 2005

1,883,118

Valuation in 2008

(380,000

)

Valuation in 2013

330,000

Valuation in 2017

75,809

Valuation in 2020

770

Cost

3,379,346

5,289,043

The director has assessed the market value of the investment properties at the year and concludes that there has been no material movement in the market value of the properties during the year.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

829,518

381,461

Amounts owed by group undertakings

1,000,000

-

Other debtors

854,896

804,756

2,684,414

1,186,217

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

27,282

27,282

Trade creditors

385,066

43,333

Taxation and social security

266,996

272,515

Other creditors

1,463,233

946,481

2,142,577

1,289,611

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

19,022

40,502

Other creditors

5,185

5,185

24,207

45,687

10.	SECURED DEBTS

BARCLAYS PLC holds a charge over leasehold land known as 40 hope street, liverpool , L1 9DA, registered at the land registry under tile umber MS468007 and the freehold land known as car park , 38A hope street, liverpool registered at the land registry under title number M5526849.

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Gregory Newton FCCA (Senior Statutory Auditor)

for and on behalf of Douglas Fairless Partnership

12.	ULTIMATE CONTROLLING PARTY

The controlling party is D C Brewitt.

The ultimate parent company is Hope Street Hotel Ltd, a company incorporated in England & Wales. The registered office of the parent company is as follows:

Seymour Chambers

92 London Road

Liverpool

L3 5NW