BRM Management Limited - Accounts to registrar (filleted) - small 18.2
BRM Management Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
| FOR |
| BRM MANAGEMENT LIMITED |
| BRM MANAGEMENT LIMITED (REGISTERED NUMBER: 02043576) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| BRM MANAGEMENT LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 2 Station Road West |
| Oxted |
| Surrey |
| RH8 9EP |
| BRM MANAGEMENT LIMITED (REGISTERED NUMBER: 02043576) |
| BALANCE SHEET |
| 30 SEPTEMBER 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| CURRENT ASSETS |
| Debtors | 4 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| 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 on |
| BRM MANAGEMENT LIMITED (REGISTERED NUMBER: 02043576) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
| 1. | STATUTORY INFORMATION |
| BRM Management Limited is a |
| 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 |
| Turnover |
| Turnover represents amounts receivable for services net of value added tax. |
| Tangible fixed assets |
| Land and buildings | - |
| Plant and machinery etc | - |
| 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. |
| Investment properties |
| The investment properties are revalued annually to open market value and no depreciation is provided. The |
| directors consider this accounting policy results in the financial statements giving a true and fair view. The effect |
| of this departure from the Companies Act 2006 has not been quantified because it is impracticable and, in the |
| opinion of the directors, would be misleading. |
| The aggregate surplus or deficit arising on revaluation is transferred to the revaluation reserve except where a |
| deficit is deemed to represent a permanent diminution in value, in which case it is charged to the profit and loss |
| account. |
| BRM MANAGEMENT LIMITED (REGISTERED NUMBER: 02043576) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | Investment | and |
| property | properties | fittings | Totals |
| £ | £ | £ | £ |
| COST OR VALUATION |
| At 1 October 2017 |
| Additions | ( |
) | ( |
) |
| Revaluations |
| At 30 September 2018 |
| DEPRECIATION |
| At 1 October 2017 |
| Charge for year |
| At 30 September 2018 |
| NET BOOK VALUE |
| At 30 September 2018 |
| At 30 September 2017 |
| Cost or valuation at 30 September 2018 is represented by: |
| Fixtures |
| Freehold | Investment | and |
| property | properties | fittings | Totals |
| £ | £ | £ | £ |
| Valuation in 2015 | - | 528,100 | - | 528,100 |
| Valuation in 2013 | - | 52,467 | - | 52,467 |
| Valuation in 2006 | - | 433,907 | - | 433,907 |
| Valuation in 2003 | - | 387,008 | - | 387,008 |
| Valuation in 1999 | - | 108,235 | - | 108,235 |
| Valuation in 2017 | 277,378 | 1,970,000 | - | 2,247,378 |
| Cost | 172,622 | 990,283 | 49,587 | 1,212,492 |
| 450,000 | 4,470,000 | 49,587 | 4,969,587 |
| If the investment properties had not been revalued they would have been included at the following historical cost: |
| 2018 | 2017 |
| £ | £ |
| Cost | 990,283 | 990,283 |
| The investment properties were valued on an open market basis on 21 April 2015 by Arnold & Baldwin Chartered Surveyors |
| . |
| 4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade debtors | ( |
) |
| Other debtors |
| BRM MANAGEMENT LIMITED (REGISTERED NUMBER: 02043576) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 30 SEPTEMBER 2018 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans | 1,311,756 | 1,309,246 |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2018 | 2017 |
| £ | £ |
| Bank loans |
| The bank loans are secured by mortgages over freehold properties and a fixed and floating charge over all other |
| assets. |
| 8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 30 September 2018 and |
| 30 September 2017: |
| 2018 | 2017 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 9. | CONTROL |
| The company is under the control of J H Bowness, the director of the company. |