Brickowner Limited - Period Ending 2017-05-31

Registration number: 09709791

Brickowner Limited

Annual Report and Unaudited Financial Statements

for the Period from 1 August 2016 to 31 May 2017

Brickowner Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Statement of Changes in Equity	4
Notes to the Financial Statements	5 to 7

Brickowner Limited

Company Information

Directors

Frederick William Augustus, Marquess of Bristol Mr Tobias Ellis Stone Mr John William Wood

Registered office

Fox Court 14 Gray's Inn Road London WC1X 8HN

Page 1

Brickowner Limited

(Registration number: 09709791)
Balance Sheet as at 31 May 2017

	Note	2017 £	2016 £
Fixed assets
Tangible assets	4	824	-
Current assets
Debtors	5	50,342	53,785
Cash at bank and in hand		10,394	5
		60,736	53,790
Creditors: Amounts falling due within one year	7	(207,054)	(208,525)
Net current liabilities		(146,318)	(154,735)
Net liabilities		(145,494)	(154,735)
Capital and reserves
Called up share capital		1,364	1,168
Share premium reserve		322,300	101,887
Profit and loss account		(469,158)	(257,790)
Total equity		(145,494)	(154,735)

For the financial period ending 31 May 2017 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 accounts for the period in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The notes on pages 5 to 7 form an integral part of these financial statements.

Page 2

Brickowner Limited

(Registration number: 09709791)
Balance Sheet as at 31 May 2017

Approved and authorised by the Board on 21 February 2018 and signed on its behalf by:
 

.........................................

Frederick William Augustus, Marquess of Bristol

Director

.........................................

Mr Tobias Ellis Stone

Director

.........................................

Mr John William Wood

Director

The notes on pages 5 to 7 form an integral part of these financial statements.

Page 3

Brickowner Limited

Statement of Changes in Equity for the Period from 1 August 2016 to 31 May 2017

	Share capital £	Share premium £	Profit and loss account £	Total £
At 1 August 2016	1,168	101,887	(257,790)	(154,735)
Loss for the period	-	-	(211,368)	(211,368)
Total comprehensive income	-	-	(211,368)	(211,368)
New share capital subscribed	196	220,413	-	220,609
At 31 May 2017	1,364	322,300	(469,158)	(145,494)

	Share capital £	Share premium £	Profit and loss account £	Total £
Loss for the period	-	-	(257,790)	(257,790)
Total comprehensive income	-	-	(257,790)	(257,790)
New share capital subscribed	1,168	101,887	-	103,055
At 31 July 2016	1,168	101,887	(257,790)	(154,735)

The notes on pages 5 to 7 form an integral part of these financial statements.

Page 4

Brickowner Limited

Notes to the Financial Statements for the Period from 1 August 2016 to 31 May 2017

1	General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
Fox Court
14 Gray's Inn Road
London
WC1X 8HN
United Kingdom

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' for small companies.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

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Brickowner Limited

Notes to the Financial Statements for the Period from 1 August 2016 to 31 May 2017

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% Reducing Balance

3	Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2016 - 1).

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	1,099	1,099
At 31 May 2017	1,099	1,099
Depreciation
Charge for the year	275	275
At 31 May 2017	275	275
Carrying amount
At 31 May 2017	824	824

5

Debtors

	2017 £	2016 £
Other debtors	50,342	53,785
Total current trade and other debtors	50,342	53,785

Page 6

Brickowner Limited

Notes to the Financial Statements for the Period from 1 August 2016 to 31 May 2017

6	Share capital

Allotted, called up and fully paid shares

	31 May 2017		31 July 2016
	No.	£	No.	£
Ordinary Shares of £0.01 each	136,446	1,364.46	116,813	1,168.13

7

Creditors

	Note	2017 £	2016 £
Due within one year
Trade creditors		131,437	205,290
Taxation and social security		5,682	-
Other creditors		69,935	3,235
		207,054	208,525

8	Transition to FRS 102

This is the first year that the company has prepared its results under FRS 102 Section 1A (Small Entities). The last financial statements under the UK GAAP were for the year ended 31 July 2016. The date of transition to FRS 102 Section 1A (Small Entities) was 1 August 2015. The changes in accounting policies have no impact to the profit and the total equity as at 1 August 2015 and 31 July 2016 between UK GAAP as previously reported and FRS 102.

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