| Brookman Homes Limited |
| Registered number: |
01881026 |
| Abbreviated Balance Sheet |
| as at 31 July 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
1 |
|
|
1 |
| Investments |
3 |
|
|
3,038 |
|
|
93,038 |
|
|
|
|
3,039 |
|
|
93,039 |
|
| Current assets |
| Cash at bank and in hand |
|
|
58 |
|
|
4 |
|
| Creditors: amounts falling due within one year |
|
|
(137,447) |
|
|
(136,459) |
|
| Net current liabilities |
|
|
|
(137,389) |
|
|
(136,455) |
|
| Net liabilities |
|
|
|
(134,350) |
|
|
(43,416) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(134,450) |
|
|
(43,516) |
|
| Shareholders' funds |
|
|
|
(134,350) |
|
|
(43,416) |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| C J Stitt |
| Director |
| Approved by the board on 23 January 2017 |
|
| Brookman Homes Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 31 July 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Plant and machinery |
20% - 25% straight line |
|
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
Foreign currencies |
|
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 August 2015 |
13,718 |
|
At 31 July 2016 |
13,718 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 August 2015 |
13,717 |
|
At 31 July 2016 |
13,717 |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 July 2016 |
1 |
|
At 31 July 2015 |
1 |
|
|
|
|
|
|
|
|
| 3 |
Investments |
£ |
|
|
Cost |
|
At 1 August 2015 |
93,038 |
|
Write down in value |
(90,000) |
|
|
At 31 July 2016 |
3,038 |
|
|
|
|
|
|
|
|
The company holds 20% or more of the share capital of the following companies: |
|
|
|
|
|
Country of |
|
Shares held |
|
Company |
incorporation |
|
Class |
% |
|
|
Bulgarian Investment Properties Limited |
England |
|
Ordinary |
|
47.3 |
|
Bulgarian Holdings OOD |
Bulgaria |
|
Ordinary |
|
43.6 |
|
|
The accounts of Bulgarian Investment Properties Limited for the year ended 31 December 2015 show net assets of £55 and that it was dormant.
The accounts of Bulgarian Holdings OOD are not available.
The loans advanced by the company were used by Bulgarian Holdings OOD to purchase development land in Bulgaria. In view of the difficult economic conditions in Europe and the UK's decision to leave the EU the directors currently expect that it is likely be many years before this investment can be realised at more than a nominal value and this may not be possible at all. They have accordingly reduced the carrying value to a nominal figure. |
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
