Brookdale Group Ltd Filleted accounts for Companies House (small and micro)

Brookdale Group Ltd Filleted accounts for Companies House (small and micro)

BROOKDALE GROUP LTD - Company Information

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0 false false false true false false false false false false true false false false false false false No description of principal activity 2021-12-01 Sage Accounts Production Advanced 2021 - FRS102_2021 974,765 28,061 9,020 37,081 937,684 946,704 101 101 101 xbrli:pure xbrli:shares iso4217:GBP 10439736 2021-12-01 2022-11-30 10439736 2022-11-30 10439736 2021-11-30 10439736 2021-11-30 10439736 core:Subsidiary1 2021-12-01 2022-11-30 10439736 core:Subsidiary2 2021-12-01 2022-11-30 10439736 core:LandBuildings core:OwnedOrFreeholdAssets 2021-12-01 2022-11-30 10439736 bus:Director1 2021-12-01 2022-11-30 10439736 core:LandBuildings core:OwnedOrFreeholdAssets 2021-11-30 10439736 core:LandBuildings core:OwnedOrFreeholdAssets 2022-11-30 10439736 core:WithinOneYear 2022-11-30 10439736 core:WithinOneYear 2021-11-30 10439736 core:AfterOneYear 2022-11-30 10439736 core:AfterOneYear 2021-11-30 10439736 core:ShareCapital 2022-11-30 10439736 core:ShareCapital 2021-11-30 10439736 core:RetainedEarningsAccumulatedLosses 2022-11-30 10439736 core:RetainedEarningsAccumulatedLosses 2021-11-30 10439736 core:CostValuation core:Non-currentFinancialInstruments 2022-11-30 10439736 core:Non-currentFinancialInstruments 2022-11-30 10439736 core:Non-currentFinancialInstruments 2021-11-30 10439736 core:LandBuildings core:OwnedOrFreeholdAssets 2021-11-30 10439736 bus:SmallEntities 2021-12-01 2022-11-30 10439736 bus:AuditExempt-NoAccountantsReport 2021-12-01 2022-11-30 10439736 bus:FullAccounts 2021-12-01 2022-11-30 10439736 bus:SmallCompaniesRegimeForAccounts 2021-12-01 2022-11-30 10439736 bus:PrivateLimitedCompanyLtd 2021-12-01 2022-11-30
COMPANY REGISTRATION NUMBER: 10439736
Brookdale Group Ltd
Filleted Unaudited Financial Statements
For the year ended
30 November 2022
Brookdale Group Ltd
Balance Sheet
30 November 2022
2022
2021
Note
£
£
Fixed assets
Tangible assets
4
937,684
946,704
Investments
5
101
101
---------
---------
937,785
946,805
Current assets
Debtors
6
437,750
125,606
Cash at bank and in hand
119
43
---------
---------
437,869
125,649
Creditors: amounts falling due within one year
7
571,293
247,864
---------
---------
Net current liabilities
133,424
122,215
---------
---------
Total assets less current liabilities
804,361
824,590
Creditors: amounts falling due after more than one year
8
603,281
658,948
---------
---------
Net assets
201,080
165,642
---------
---------
Capital and reserves
Called up share capital
201
201
Profit and loss account
200,879
165,441
---------
---------
Shareholder funds
201,080
165,642
---------
---------
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 profit and loss account has not been delivered.
For the year ending 30 November 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Brookdale Group Ltd
Balance Sheet (continued)
30 November 2022
These financial statements were approved by the board of directors and authorised for issue on 18 October 2023 , and are signed on behalf of the board by:
D E Hidle
Director
Company registration number: 10439736
Brookdale Group Ltd
Notes to the Financial Statements
Year ended 30 November 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 14 Astley Lane Industrial Estate, Swillington, Leeds, LS26 8XT, West Yorkshire.
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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
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. The company has an investment property that is rented out solely to other group entities. The property is included under tangible fixed assets. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or 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:
Freehold property
-
1% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
4. Tangible assets
Freehold property
£
Cost
At 1 December 2021 and 30 November 2022
974,765
---------
Depreciation
At 1 December 2021
28,061
Charge for the year
9,020
---------
At 30 November 2022
37,081
---------
Carrying amount
At 30 November 2022
937,684
---------
At 30 November 2021
946,704
---------
5. Investments
Shares in group undertakings
£
Cost
At 1 December 2021 and 30 November 2022
101
----
Impairment
At 1 December 2021 and 30 November 2022
–
----
Carrying amount
At 30 November 2022
101
----
At 30 November 2021
101
----
Subsidiaries, associates and other investments
Registered office
Class of share
Percentage of shares held
Subsidiary undertakings
Brookdale Transport Limited
14 Astley Way
Ordinary
100
Astely Lane Industrial Estate
Swillington
LS26 8XT
Brookdale Transport & Crane Services Limited
14 Astely Way
Ordinary
100
Astley Lane Industrial Estate
Swillington
LS26 8XT
The results and capital and reserves for the year are as follows:
Capital and reserves
Profit/(loss) for the year
2022
2021
2022
2021
£
£
£
£
Subsidiary undertakings
Brookdale Transport Limited
393,122
329,037
64,085
(47,539)
Brookdale Transport & Crane Services Limited
990,402
618,389
372,013
78,414
---------
---------
---------
--------
6. Debtors
2022
2021
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
424,882
113,437
Other debtors
12,868
12,169
---------
---------
437,750
125,606
---------
---------
The "Amounts owed by group undertakings and undertakings in which the company has a participating interest" are unsecured, interest free and repayable on demand. Included in "Other debtors" is an amount of £12,169 (2021: £12,169) due from the director. The amount is unsecured and repayable on demand, interest is charged at the official rate specified by H M Revenue & Customs.
7. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
56,738
56,738
Amounts owed to group undertakings and undertakings in which the company has a participating interest
434,698
177,405
Corporation tax
10,357
11,721
Other creditors
69,500
2,000
---------
---------
571,293
247,864
---------
---------
The bank loans and overdrafts are secured by a charge over the company's assets. Interest is charged at variable rates linked to the lender's base rate.
The amounts due to group undertakings and undertakings in which the company has a participating interest of £434,698 (2021: £177,405) are unsecured, interest free and repayable on demand.
8. Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
603,281
658,948
---------
---------
The bank loans and overdrafts are secured by a charge over the company's assets. Interest is charged at variable rates linked to the lender's base rate.
9. Contingencies
The company has given a cross guarantee to support the borrowing of its subsidiary companies. At the balance sheet date there were no borrowings by the subsidiary companies outstanding under this arrangement.
10. Director's advances, credits and guarantees
Details of balances due from the director are given in note 7.