BROTHERS_GROUP_HOLDINGS_L - Accounts

BROTHERS GROUP HOLDINGS LIMITED - Company Information

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Company Registration No. 03721995 (England and Wales)

BROTHERS GROUP HOLDINGS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2015

BROTHERS GROUP HOLDINGS LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

BROTHERS GROUP HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

3,863,266

3,598,042

Current assets

Debtors

67,921

119,495

Cash at bank and in hand

2,766

70,687

119,495

Creditors: amounts falling due within one year

(1,877,247)

(1,721,976)

Net current liabilities

(1,806,560)

(1,602,481)

Total assets less current liabilities

2,056,706

1,995,561

Creditors: amounts falling due after more than one year

(770,000)

(810,000)

Provisions for liabilities

(7,576)

(1,687)

1,279,130

1,183,874

Capital and reserves

Called up share capital

100

Revaluation reserve

836,738

Profit and loss account

442,292

347,036

Shareholders' funds

1,279,130

1,183,874

BROTHERS GROUP HOLDINGS LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 DECEMBER 2015

- 2 -

For the financial year ended 31 December 2015 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.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 24 June 2016

C D Broadhurst

Director

Company Registration No. 03721995

BROTHERS GROUP HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable in respect of rent and service charge receivable together with sale of goods and services excluding VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets include investment properties valued by the directors on an existing use open market value basis. Other tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Plant and machinery

20% straight line

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

BROTHERS GROUP HOLDINGS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 4 -

Fixed assets

Tangible assets

Cost or valuation

At 1 January 2015

3,682,299

Additions

311,100

Disposals

(2,000)

At 31 December 2015

3,991,399

Depreciation

At 1 January 2015

84,257

On disposals

(2,000)

Charge for the year

45,876

At 31 December 2015

128,133

Net book value

At 31 December 2015

3,863,266

At 31 December 2014

3,598,042

Creditors: amounts falling due within one year

The aggregate amount of creditors for which security has been given amounted to £40,000 (2014 - £40,000).

Creditors: amounts falling due after more than one year

The aggregate amount of creditors for which security has been given amounted to £770,000 (2014 - £810,000).

Share capital

2015

2014

Allotted, called up and fully paid

100 Ordinary shares of £1 each

100