ACCOUNTS - Final Accounts preparation

BRICKFIELD ESTATES LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-06-302022-06-302truefalse2021-07-01No description of principal activity2falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 02948739 2021-07-01 2022-06-30 02948739 2020-07-01 2021-06-30 02948739 2022-06-30 02948739 2021-06-30 02948739 c:Director1 2021-07-01 2022-06-30 02948739 d:CurrentFinancialInstruments 2022-06-30 02948739 d:CurrentFinancialInstruments 2021-06-30 02948739 d:CurrentFinancialInstruments d:WithinOneYear 2022-06-30 02948739 d:CurrentFinancialInstruments d:WithinOneYear 2021-06-30 02948739 d:ShareCapital 2022-06-30 02948739 d:ShareCapital 2021-06-30 02948739 d:RetainedEarningsAccumulatedLosses 2022-06-30 02948739 d:RetainedEarningsAccumulatedLosses 2021-06-30 02948739 c:FRS102 2021-07-01 2022-06-30 02948739 c:AuditExempt-NoAccountantsReport 2021-07-01 2022-06-30 02948739 c:FullAccounts 2021-07-01 2022-06-30 02948739 c:PrivateLimitedCompanyLtd 2021-07-01 2022-06-30 iso4217:GBP xbrli:pure

Registered Number:02948739

BRICKFIELD ESTATES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

PAGES FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2022


BRICKFIELD ESTATES LIMITED REGISTERED NUMBER:02948739

BALANCE SHEET

AS AT 30 JUNE 2022

		2022		2021
Note		£		£


Current assets
Cash at bank and in hand	4	40		206
		40		206
Creditors: amounts falling due within one year	5	(287,949)		(288,115)
Net current liabilities			(287,909)		(287,909)
Total assets less current liabilities			(287,909)		(287,909)

Net liabilities			(287,909)		(287,909)

Capital and reserves
Called up share capital	2	2
Profit and loss account	(287,911)	(287,911)
	(287,909)	(287,909)

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BRICKFIELD ESTATES LIMITED REGISTERED NUMBER:02948739

BALANCE SHEET (CONTINUED)

AS AT 30 JUNE 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 March 2023.

P J Underwood

Director

The notes on pages 3 to 5 form part of these financial statements.

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BRICKFIELD ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

1.	General information

Brickfield Estates Limited (the "Company") is a company limited by shares and incorporated and domiciled in the UK. The address of the registered office is Fitzroy House, Crown Street, Ipswich, Suffolk, IP1 3LG.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The creditor balance is an amount owed to the company's parent. The parent company has agreed not to recall this amount unless amounts owed to the company from a third party have been received, therefore the accounts have been prepared on a going concern basis.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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BRICKFIELD ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

4.	Cash and cash equivalents
		2022	2021
		£	£

Cash at bank and in hand	40	206
	40	206

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BRICKFIELD ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2022

5.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Amounts owed to group undertakings	287,906	288,072
Other creditors	43	43
	287,949	288,115

Other creditors are amounts due to a director.

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