Brooke Homes Developments Limited - Accounts to registrar (filleted) - small 18.1
Brooke Homes Developments Limited - Accounts to registrar (filleted) - small 18.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 1 JULY 2016 TO 29 JUNE 2017 |
| FOR |
| BROOKE HOMES DEVELOPMENTS LIMITED |
| BROOKE HOMES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05399298) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the Period 1 JULY 2016 TO 29 JUNE 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| BROOKE HOMES DEVELOPMENTS LIMITED |
| COMPANY INFORMATION |
| for the Period 1 JULY 2016 TO 29 JUNE 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Prospero House |
| 46-48 Rothesay Road |
| Luton |
| Bedfordshire |
| LU1 1QZ |
| BROOKE HOMES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05399298) |
| BALANCE SHEET |
| 29 JUNE 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks | 7 |
| Debtors | 8 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| PROVISIONS FOR LIABILITIES | 11 |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| BROOKE HOMES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05399298) |
| BALANCE SHEET - continued |
| 29 JUNE 2017 |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| BROOKE HOMES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05399298) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the Period 1 JULY 2016 TO 29 JUNE 2017 |
| 1. | STATUTORY INFORMATION |
| Brooke Homes Developments Limited is a |
| The company's registered number and registered office address can be found on the Company Information page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
| These financial statements for the period ended 29 June 2017 are the first that are prepared in accordance with |
| FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of |
| transition to FRS 102 Section 1A is 1 July 2015. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Improvements to property | - |
| Fixtures and fittings | - |
| Office equipment | - |
| Investments in associates |
| Investments in associate undertakings are recognised at cost. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
| fair value is recognised in profit or loss. |
| Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is |
| recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply |
| when the property is sold. |
| Stock |
| Work in progress is valued at the lower of cost and estimated selling price less costs to complete and sell. |
| Taxation |
| Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
| the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
| substantively enacted by the balance sheet date. |
| BROOKE HOMES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05399298) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 1 JULY 2016 TO 29 JUNE 2017 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
| sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| Going concern |
| The financial statements have been prepared on a going concern basis which is considered to be appropriate, |
| although the company's ability to continue trading is reliant on the continued support of the directors. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | and | Office |
| property | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1 July 2016 |
| Additions |
| At 29 June 2017 |
| DEPRECIATION |
| At 1 July 2016 |
| Charge for period |
| At 29 June 2017 |
| NET BOOK VALUE |
| At 29 June 2017 |
| At 30 June 2016 |
| 5. | FIXED ASSET INVESTMENTS |
| 2017 | 2016 |
| £ | £ |
| Participating interests |
| Loans to undertakings in which the company has a participating interest |
| BROOKE HOMES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05399298) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 1 JULY 2016 TO 29 JUNE 2017 |
| 5. | FIXED ASSET INVESTMENTS - continued |
| Additional information is as follows: |
| Interest |
| in |
| associate |
| £ |
| COST |
| At 1 July 2016 |
| and 29 June 2017 |
| NET BOOK VALUE |
| At 29 June 2017 |
| At 30 June 2016 |
| Loans to |
| associates |
| £ |
| At 1 July 2016 |
| New in year |
| At 29 June 2017 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 July 2016 |
| Disposals | ( |
) |
| At 29 June 2017 |
| NET BOOK VALUE |
| At 29 June 2017 |
| At 30 June 2016 |
| Investment property was valued on an open market basis in 2016 by the directors. |
| 7. | STOCKS |
| 2017 | 2016 |
| £ | £ |
| Work-in-progress |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Other debtors |
| Tax |
| VAT |
| Prepayments and accrued income |
| BROOKE HOMES DEVELOPMENTS LIMITED (REGISTERED NUMBER: 05399298) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the Period 1 JULY 2016 TO 29 JUNE 2017 |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| VAT | 82,799 | - |
| Other creditors |
| Director's loan account | 2,226,732 | 2,221,255 |
| Accruals and deferred income |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2017 | 2016 |
| £ | £ |
| Bank overdraft |
| Bank loans |
| The bank overdraft and loan are secured by way of fixed and floating charges over all the property or |
| undertaking of the company. |
| 11. | PROVISIONS FOR LIABILITIES |
| 2017 | 2016 |
| £ | £ |
| Other provisions | 616,006 | 600,356 |
| Other |
| provisions |
| £ |
| Balance at 1 July 2016 |
| Provided during period |
| Balance at 29 June 2017 |
| 12. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |