Brook Developments UK Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04366606 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2014

for

Brook Developments UK Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr D A J Allen

Mrs P L Pollock

Mrs C A Allen

SECRETARY:

Mr J D G Pollock

REGISTERED OFFICE:

52 Canwick Avenue

Bracebridge Heath

LINCOLN

Lincolnshire

LN4 2SX

REGISTERED NUMBER:

04366606 (England and Wales)

ACCOUNTANTS:

Nicholsons

Chartered Accountants

Newland House

The Point

Weaver Road

LINCOLN

Lincolnshire

LN6 3QN

BANKERS:

HSBC Bank plc

221 High Street

LINCOLN

Lincolnshire

LN1 1TS

FIXED ASSETS

Tangible assets

2

-

-

Investment property

3

1,480,000

1,645,000

1,480,000

1,645,000

CURRENT ASSETS

Debtors

206,965

73,532

Cash at bank

12,530

21,249

219,495

94,781

CREDITORS

Amounts falling due within one year

4

36,709

30,439

NET CURRENT ASSETS

182,786

64,342

TOTAL ASSETS LESS CURRENT LIABILITIES

1,662,786

1,709,342

CREDITORS

Amounts falling due after more than one year

4

781,142

1,005,934

NET ASSETS

881,644

703,408

CAPITAL AND RESERVES

Called up share capital

5

100

100

Revaluation reserve

617,345

605,490

Profit and loss account

264,199

97,818

SHAREHOLDERS' FUNDS

881,644

703,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 12 November 2014 and were signed on its behalf by:

Mr D A J Allen - Director

Mrs P L Pollock - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified

by the revaluation of certain assets and in accordance with the Financial Reporting Standard

for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Investments

Investment properties held as fixed assets are stated at open market value.

Under the Companies Act 2006 all fixed assets should be depreciated over their estimated

useful lives. However, in accordance with the Financial Reporting Standard for Smaller Entities

(effective April 2008) investment properties should not be subject to a periodic charge for

depreciation and should be included in the balance sheet at their open market value.

The directors consider that these properties are not held for consumption but for their

investment potential and in order to give a true and fair view it is appropriate to depart from

the Companies Act.

Operating lease agreements

Rental income from operating leases are recognised on a straight line basis over the term of

the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

11,094

DEPRECIATION

At 1 April 2013

and 31 March 2014

11,094

NET BOOK VALUE

At 31 March 2014

-

At 31 March 2013

-

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 April 2013

1,645,000

Disposals

(260,000

)

Revaluations

95,000

At 31 March 2014

1,480,000

NET BOOK VALUE

At 31 March 2014

1,480,000

At 31 March 2013

1,645,000

4.

CREDITORS

The following secured debts are included within creditors:

2014

2013

£

£

Due within one year

11,811

14,980

Due after more than one year

781,142

1,005,934

792,953

1,020,914

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary share capital

£1

100

100

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The company is related to Gladebrook Limited and Castwell Products Limited as Mr D A J

Allen and Mr J D G Pollock are directors and 100% shareholders.

At the year end, included in debtors were balances owed by Castwell Products Limited £2,016

(2013: £2,016) and £203,641 (2013: £69,485) owed by Gladebrook Limited.

During the year rent due to Brook Developments UK Ltd was received by Gladebrook Limited

totalling £26,878 (2013: £50,490), Gladebrook Limited also paid expenses relating to Brook

Developments UK Limited properties totalling £14,295 (2013: £8,254). During the year no

unpaid dividends have been transferred to Gladebrook Limited totalling £NIL (2013: £40,000).

Gladebrook Limited received the net funds of two investment properties which were sold but

belonged to Brook Developments UK Limited totalling £91,668 (2013:NIL).