Brook House Property Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06525416 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

FOR

BROOK HOUSE PROPERTY MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

N K G Monks

REGISTERED OFFICE:

103 Newland Road

Worthing

West Sussex

BN11 1LB

REGISTERED NUMBER:

06525416 (England and Wales)

ACCOUNTANTS:

Cardens Accountants and Business Advisors Limited

The Old Casino

28 Fourth Avenue

Hove

East Sussex

BN3 2PJ

FIXED ASSETS

Tangible assets

4

3,403

2,779

CURRENT ASSETS

Debtors

5

73,297

16,002

Cash at bank and in hand

10,324

2,422

83,621

18,424

CREDITORS

Amounts falling due within one year

6

31,795

19,291

NET CURRENT ASSETS/(LIABILITIES)

51,826

(867

)

TOTAL ASSETS LESS CURRENT LIABILITIES

55,229

1,912

CREDITORS

Amounts falling due after more than one year

7

(48,333

)

-

PROVISIONS FOR LIABILITIES

8

(647

)

(528

)

NET ASSETS

6,249

1,384

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

6,149

1,284

SHAREHOLDERS' FUNDS

6,249

1,384

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 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 21 June 2022 and were signed by:

N K G Monks - Director

1.	STATUTORY INFORMATION

Brook House Property Management 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.

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.

Turnover

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

Tangible fixed assets

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

Computer equipment

-

25% on reducing balance

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2020

4,960

Additions

1,758

At 31 March 2021

6,718

DEPRECIATION

At 1 April 2020

2,181

Charge for year

1,134

At 31 March 2021

3,315

NET BOOK VALUE

At 31 March 2021

3,403

At 31 March 2020

2,779

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade debtors

18,000

-

Other debtors

13,424

13,424

Directors' current accounts

41,873

2,578

73,297

16,002

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Bank loans and overdrafts

1,667

-

Company Card

105

273

Tax

12,837

11,607

VAT

16,086

6,561

Other creditors

250

-

Accrued expenses

850

850

31,795

19,291

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2021

2020

£

£

Bank loans - 1-2 years

10,000

-

Bank loans - 2-5 years

38,333

-

48,333

-

8.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

Deferred Tax Brought Forward

528

510

Deferred Tax Provision in Year

119

18

647

528

Deferred

tax

£

Balance at 1 April 2020

528

Accelerated Capital Allowances

119

Balance at 31 March 2021

647

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2021 and 31 March 2020:

2021

2020

£

£

N K G Monks

Balance outstanding at start of year

2,578

3,358

Amounts advanced

39,295

-

Amounts repaid

-

(780

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

41,873

2,578

The overdrawn amount was cleared in the following accounting period.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N K G Monks.

This was by virtue of his 100% holding of the issued share capital.