Mark Brookfield Limited - Period Ending 2015-03-31

Registration number: 07497395

Mark Brookfield Limited

Unaudited Abbreviated Accounts

for the Period from 1 February 2014 to 31 March 2015

 

Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB

Mark Brookfield Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Mark Brookfield Limited
for the Period Ended 31 March 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Mark Brookfield Limited for the period ended 31 March 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Mark Brookfield Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Mark Brookfield Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Mark Brookfield Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Mark Brookfield Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Mark Brookfield Limited. You consider that Mark Brookfield Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the accounts of Mark Brookfield Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Sherwin Currid Accountancy Limited
Chartered Certified Accountants
32 London Road
Guildford
Surrey
GU1 2AB

11 November 2015

Page 1

Mark Brookfield Limited
(Registration number: 07497395)
Abbreviated Balance Sheet at 31 March 2015

		Note			31 March 2015 £			31 January 2014 £
Fixed assets
Tangible fixed assets					4,364			11,629
Current assets
Debtors					6,542			725
Cash at bank and in hand					6,050			3,717
					12,592			4,442
Creditors: Amounts falling due within one year					(16,216)			(16,037)
Net current liabilities					(3,624)			(11,595)
Net assets					740			34
Capital and reserves
Called up share capital		3			1			1
Profit and loss account					739			33
Shareholders' funds					740			34

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 11 November 2015

.........................................
Mr M Brookfield
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Mark Brookfield Limited
Notes to the Abbreviated Accounts for the Period from 1 February 2014 to 31 March 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The financial statements have been prepared on a going concern basis which assumes the continued support of the director who guarantees the liabilities of the company.

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	33% straight line method

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 3

Mark Brookfield Limited
Notes to the Abbreviated Accounts for the Period from 1 February 2014 to 31 March 2015
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 February 2014		33,067			33,067
Additions		4,793			4,793
At 31 March 2015		37,860			37,860
Depreciation
At 1 February 2014		21,438			21,438
Charge for the period		12,058			12,058
At 31 March 2015		33,496			33,496
Net book value
At 31 March 2015		4,364			4,364
At 31 January 2014		11,629			11,629

3	Share capital

Allotted, called up and fully paid shares

	31 March 2015						31 January 2014
		No.			£			No.			£
Ordinary share of £1 each		1			1			1			1

Page 4