BRS Investment Limited Filleted accounts for Companies House (small and micro)

BRS INVESTMENT LIMITED - Company Information

0 false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 192,442 192,442 192,442 xbrli:pure xbrli:shares iso4217:GBP 6526957 2022-04-01 2023-03-31 6526957 2023-03-31 6526957 2022-03-31 6526957 bus:Director1 2022-04-01 2023-03-31 6526957 core:WithinOneYear 2023-03-31 6526957 core:WithinOneYear 2022-03-31 6526957 core:ShareCapital 2023-03-31 6526957 core:ShareCapital 2022-03-31 6526957 core:RetainedEarningsAccumulatedLosses 2023-03-31 6526957 core:RetainedEarningsAccumulatedLosses 2022-03-31 6526957 core:LandBuildings 2023-03-31 6526957 core:LandBuildings 2022-03-31 6526957 bus:SmallEntities 2022-04-01 2023-03-31 6526957 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 6526957 bus:FullAccounts 2022-04-01 2023-03-31 6526957 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 6526957 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31

COMPANY REGISTRATION NUMBER: 6526957

BRS Investment Limited

Filleted Unaudited Financial Statements

31 March 2023

BRS Investment Limited

Balance Sheet

31 March 2023

	2023		2022
Note	£	£	£

Fixed assets

Tangible assets	4		192,442	192,442

Current assets

Debtors	5	10,181	7,711
Cash at bank and in hand		35,918	26,286
		--------	--------
		46,099	33,997

Creditors: amounts falling due within one year	6	338,313		319,161
		---------		---------
Net current liabilities			292,214	285,164
			---------	---------
Total assets less current liabilities			( 99,772)	( 92,722)
			--------	--------
Net liabilities			( 99,772)	( 92,722)
			--------	--------

Capital and reserves

Called up share capital	300	300
Profit and loss account	( 100,072)	( 93,022)
	---------	--------
Shareholders deficit	( 99,772)	( 92,722)
	---------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income (including profit and loss account) has not been delivered.

For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

BRS Investment Limited

Balance Sheet (continued)

31 March 2023

These financial statements were approved by the board of directors and authorised for issue on 30 August 2023 , and are signed on behalf of the board by:

Mr B J Rose

Director

Company registration number: 6526957

BRS Investment Limited

Notes to the Financial Statements

Year ended 31 March 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 16 Albert Square, Altrincham, Cheshire, WA14 2ND.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The directors confirm that their loan to the company will continue as required and therefore consider the company to be a going concern. The financial statements have been prepared on the going concern basis.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are no material judgements estimates or assumptions.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Tangible assets

	Land and buildings
	£
Cost
At 1 April 2022 and 31 March 2023	192,442
	---------
Carrying amount
At 31 March 2023	192,442
	---------
At 31 March 2022	192,442
	---------

The investment properties are shown at fair value as at 31 March 2023, being market value assessed by the directors.

5. Debtors

	2023	2022
	£	£
Trade debtors	10,181	7,711
	--------	-------

6. Creditors: amounts falling due within one year

	2023	2022
	£	£
Corporation tax	–	848
Other creditors	338,313	318,313
	---------	---------
	338,313	319,161
	---------	---------

7. Directors' advances, credits and guarantees

Directors' loans totalling £329,700 were advanced in 2009 and are still outstanding as at 31 March 2023. The loans are interest free and repayable on demand.