Brooks-Hill Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11651083 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BROOKS-HILL INVESTMENTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S Brooks-Hill

T Hill

REGISTERED OFFICE:

Unit 2 Orbital 25 Business Park

Dwight Road

Watford

WD18 9DA

REGISTERED NUMBER:

11651083 (England and Wales)

ACCOUNTANTS:

EV Accountants Limited

Chartered Accountants

Unit G01, Ground Floor

Metroline House

118-122 College Road

Harrow

Middlesex

HA1 1BQ

FIXED ASSETS

Investments

4

4,215,079

3,902,010

CURRENT ASSETS

Debtors

5

17,000

40,000

Cash at bank

67,241

13,342

84,241

53,342

CREDITORS

Amounts falling due within one year

6

(83,578

)

(64,282

)

NET CURRENT ASSETS/(LIABILITIES)

663

(10,940

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,215,742

3,891,070

CAPITAL AND RESERVES

Called up share capital

7

3,850,000

3,850,000

Fair value reserve

284,496

40,087

Retained earnings

81,246

983

SHAREHOLDERS' FUNDS

4,215,742

3,891,070

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 September 2022 and were signed on its behalf by:

T Hill - Director

1.	STATUTORY INFORMATION

Brooks-Hill Investments 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 as modified by the revaluation of certain assets.

Going concern

The COVID-19 (coronavirus) pandemic has had an increasingly significant effect on individuals, businesses and organisations worldwide. The outbreak came into widespread public knowledge in 2020. The directors have taken all necessary measures to satisfy themselves that the company will continue to be able to operate throughout these conditions and beyond. Therefore, the directors consider the company to be a going concern and no adjustments have been made to the figures in these financial statements.

Financial instruments

The company has elected to apply the provision of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issue' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year not amortised.

Clarification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at an amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Unlisted investments

Unlisted investments are initially recognised at cost and recognised at fair value at year end.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST OR VALUATION

At 1 January 2021

3,902,010

Additions

160,000

Disposals

(184,998

)

Revaluations

338,067

At 31 December 2021

4,215,079

NET BOOK VALUE

At 31 December 2021

4,215,079

At 31 December 2020

3,902,010

Cost or valuation at 31 December 2021 is represented by:

Unlisted

investments

£

Valuation in 2020

3,902,010

Valuation in 2021

313,069

4,215,079

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed by group undertakings

17,000

40,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Amounts owed to connected companies

64,282

64,282

Taxation and social security

19,296

-

83,578

64,282

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

3,850,000

Ordinary

£1

3,850,000

3,850,000

8.	RELATED PARTY DISCLOSURES

Amounts owed by group undertakings include £17,000 (2020 - £40,000) due from Brooks-Hill Investment Holdings Limited.

Amounts owed to connected companies include £64,282 (2020 - £64,282) due from Brooks-Hill Holdings Limited.

Mrs S Brooks-Hill and Mr T Hill are directors and shareholders of Brooks-Hill Holdings Limited and Brooks-Hill Investment Holdings Limited.

9.	ULTIMATE CONTROLLING PARTY

The parent company is Brooks-Hill Investment Holdings Limited, whose registered office is Unit 2 Orbital 25 Business Park, Dwight Road, Watford, WD18 9DA.

The ultimate controlling party is Mrs S Brooks-Hill, who is a director and majority shareholder of Brooks-Hill Investment Holdings Limited.