Brigcrest Ltd - Accounts to registrar (filleted) - small 18.2

Brigcrest Ltd - Accounts to registrar (filleted) - small 18.2

BRIGCREST LIMITED - Company Information

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REGISTERED NUMBER: 01398071 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2019

FOR

BRIGCREST LTD
BRIGCREST LTD (REGISTERED NUMBER: 01398071)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BRIGCREST LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2019







DIRECTOR: M Szoffer





REGISTERED OFFICE: 59 Leadale Road
London
N16 6DG





REGISTERED NUMBER: 01398071 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
BRIGCREST LTD (REGISTERED NUMBER: 01398071)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2019

30.9.19 30.9.18
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 810,000 810,000

CURRENT ASSETS
Debtors 5 312,683 306,390

CREDITORS
Amounts falling due within one year 6 55,611 67,193
NET CURRENT ASSETS 257,072 239,197
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,067,072
1,049,197

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 772,397 772,397
Retained earnings 8 294,575 276,700
SHAREHOLDERS' FUNDS 1,067,072 1,049,197

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2019 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 and authorized for issue by the director and authorised for issue on
21 June 2020 and were signed by:





M Szoffer - Director


The notes form part of these financial statements

Page 2
BRIGCREST LTD (REGISTERED NUMBER: 01398071)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2019

1. STATUTORY INFORMATION

Brigcrest 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2018
and 30 September 2019 810,000
NET BOOK VALUE
At 30 September 2019 810,000
At 30 September 2018 810,000

Page 3 continued...
BRIGCREST LTD (REGISTERED NUMBER: 01398071)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2019

4. INVESTMENT PROPERTY - continued

Fair value at 30 September 2019 is represented by:

£   
Valuation in 1997 122,397
Valuation in 2018 650,000
Cost 37,603
810,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Trade debtors 28,277 21,984
Other debtors 284,406 284,406
312,683 306,390

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.19 30.9.18
£    £   
Taxation and social security 4,193 8,505
Other creditors 51,418 58,688
55,611 67,193

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 30.9.19 30.9.18
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2018 276,700 772,397 1,049,097
Profit for the year 17,875 17,875
At 30 September 2019 294,575 772,397 1,066,972

Page 4