BRYCOURT LIMITED Filleted accounts for Companies House (small and micro)

BRYCOURT LIMITED Filleted accounts for Companies House (small and micro)

BRYCOURT LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04047312
BRYCOURT LIMITED
Filleted Unaudited Financial Statements
31 August 2022
BRYCOURT LIMITED
Financial Statements
Year ended 31 August 2022
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
BRYCOURT LIMITED
Statement of Financial Position
31 August 2022
2022
2021
Note
£
£
£
Fixed assets
Tangible assets
5
4,542,858
4,525,908
Current assets
Debtors
6
339,525
290,326
Cash at bank and in hand
3,258
236,261
---------
---------
342,783
526,587
Creditors: amounts falling due within one year
7
3,736,926
3,733,287
------------
------------
Net current liabilities
3,394,143
3,206,700
------------
------------
Total assets less current liabilities
1,148,715
1,319,208
Creditors: amounts falling due after more than one year
8
1,041,610
1,134,538
------------
------------
Net assets
107,105
184,670
------------
------------
Capital and reserves
Called up share capital
2
2
Profit and loss account
107,103
184,668
---------
---------
Shareholders funds
107,105
184,670
---------
---------
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 income and retained earnings has not been delivered.
For the year ending 31 August 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 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
BRYCOURT LIMITED
Statement of Financial Position (continued)
31 August 2022
These financial statements were approved by the board of directors and authorised for issue on 28 November 2023 , and are signed on behalf of the board by:
S Friedman
Director
Company registration number: 04047312
BRYCOURT LIMITED
Notes to the Financial Statements
Year ended 31 August 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 Hallewelle House, 1 Halleswelle Road, London, NW11 0DH.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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. 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 revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2021: 3 ).
5. Tangible assets
Land and buildings
£
Cost
At 1 September 2021
4,525,908
Additions
16,950
------------
At 31 August 2022
4,542,858
------------
Depreciation
At 1 September 2021 and 31 August 2022
–
------------
Carrying amount
At 31 August 2022
4,542,858
------------
At 31 August 2021
4,525,908
------------
The company's investment property was revalued by the director at open market value.
6. Debtors
2022
2021
£
£
Amounts owed by related undertakings
194,827
194,827
Other debtors
144,698
95,499
---------
---------
339,525
290,326
---------
---------
7. Creditors: amounts falling due within one year
2022
2021
£
£
Amounts owed to related undertakings
1,813,462
1,683,462
Loans
94,030
96,960
Other creditors
1,829,434
1,952,865
------------
------------
3,736,926
3,733,287
------------
------------
8. Creditors: amounts falling due after more than one year
2022
2021
£
£
Other creditors
1,041,610
1,134,538
------------
------------