Brigcrest Ltd - Accounts to registrar (filleted) - small 23.1.2

Brigcrest Ltd - Accounts to registrar (filleted) - small 23.1.2

BRIGCREST LIMITED - Company Information

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REGISTERED NUMBER: 01398071 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 SEPTEMBER 2022

FOR

BRIGCREST LTD
BRIGCREST LTD (REGISTERED NUMBER: 01398071)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 SEPTEMBER 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


BRIGCREST LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 SEPTEMBER 2022







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
29 SEPTEMBER 2022

29.9.22 29.9.21
Notes £    £   
FIXED ASSETS
Investment property 4 810,000 810,000

CURRENT ASSETS
Debtors 5 330,599 277,113
Cash at bank 78,030 78,030
408,629 355,143
CREDITORS
Amounts falling due within one year 6 (39,845 ) (29,634 )
NET CURRENT ASSETS 368,784 325,509
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,178,784
1,135,509

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 772,397 772,397
Retained earnings 8 406,287 363,012
SHAREHOLDERS' FUNDS 1,178,784 1,135,509

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2022 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 16 June 2023 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 29 SEPTEMBER 2022

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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 (2021 - NIL).

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 SEPTEMBER 2022

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 September 2021
and 29 September 2022 810,000
NET BOOK VALUE
At 29 September 2022 810,000
At 29 September 2021 810,000

The director has confirmed that, there is no significant market value increase or decrease in properties.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.22 29.9.21
£    £   
Trade debtors - 28,465
Other debtors 330,599 248,648
330,599 277,113

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.9.22 29.9.21
£    £   
Taxation and social security 26,992 16,841
Other creditors 12,853 12,793
39,845 29,634

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 29.9.22 29.9.21
value: £    £   
100 Ordinary 1 100 100

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 30 September 2021 363,012 772,397 1,135,409
Profit for the year 43,275 43,275
At 29 September 2022 406,287 772,397 1,178,684

Page 4