Brightbeech Developments Limited Filleted accounts for Companies House (small and micro)
Brightbeech Developments Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
09514190
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Abridged Statement of Financial Position |
2021 |
2020 |
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Note |
£ |
£ |
FIXED ASSETS
Investment property |
4 |
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Tangible assets |
5 |
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– |
Investments |
6 |
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CURRENT ASSETS
Debtors |
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Cash at bank and in hand |
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--------- |
--------- |
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CREDITORS: amounts falling due within one year |
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--------- |
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NET CURRENT LIABILITIES |
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------------ |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS: amounts falling due after more than one year |
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NET ASSETS |
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CAPITAL AND RESERVES
Called up share capital |
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Profit and loss account |
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SHAREHOLDERS FUNDS |
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In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
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Abridged Statement of Financial Position (continued) |
These abridged financial statements were approved by the
board of directors
and authorised for issue on
22 March 2022
, and are signed on behalf of the board by:
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Director |
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Company registration number:
09514190
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Notes to the Abridged Financial Statements |
Year ended 31 March 2021
1.
GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Second Floor Grove House, Ocean Way, Southampton, Hampshire, SO14 3TJ.
2.
STATEMENT OF COMPLIANCE
3.
ACCOUNTING POLICIES
Basis of preparation
Revenue recognition
Income tax
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 and loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings |
- |
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Computer equipment |
- |
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Investments in associates
4.
INVESTMENT PROPERTY
£ |
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Cost or valuation |
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At 1 April 2020 |
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Additions |
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At 31 March 2021 |
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Depreciation |
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At 1 April 2020 and 31 March 2021 |
– |
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Carrying amount |
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At 31 March 2021 |
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At 31 March 2020 |
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A revaluation loss of £nil (2020: £751,312) has been recorded in the Statement of Income and Retained Earnings to bring Investment property in line with its most recent valuation.
5.
TANGIBLE ASSETS
£ |
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Cost |
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At 1 April 2020 |
– |
Additions |
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-------- |
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At 31 March 2021 |
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-------- |
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Depreciation |
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At 1 April 2020 |
– |
Charge for the year |
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-------- |
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At 31 March 2021 |
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-------- |
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Carrying amount |
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At 31 March 2021 |
19,947 |
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At 31 March 2020 |
– |
-------- |
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6.
INVESTMENTS
£ |
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Impairment |
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At 1 April 2020 |
– |
---- |
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At 31 March 2021 |
– |
---- |
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Carrying amount |
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At 31 March 2021 |
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---- |
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At 31 March 2020 |
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7.
RELATED PARTY TRANSACTIONS
During the year the company entered into the following transactions with related parties:
Transaction value |
Balance owed by/(owed to) |
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2021 |
2020 |
2021 |
2020 |
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£ |
£ |
£ |
£ |
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T R Lincoln |
(854,858) |
(5,065) |
(
1,567,296) |
(
712,438) |
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T R Lincoln Mr T R Lincoln is a director and shareholder of the company. As at 31 March 2021, the company owed Mr T R Lincoln, a director and shareholder, £1,567,296 (2020: £712,438) which is included within other creditors due within one year.
8.
CONTROLLING PARTY
The controlling party is T R Lincoln.