IRIS Accounts Production
v19.2.0.596
01405171
Board of Directors
1.2.18
31.1.19
31.1.19
28.10.19
true
false
true
false
false
true
false
Auditors Opinion
Fair value model
iso4217:GBP
iso4217:USD
iso4217:EUR
xbrli:shares
xbrli:pure
01405171
2018-01-31
01405171
2019-01-31
01405171
2018-02-01
2019-01-31
01405171
2017-01-31
01405171
2017-02-01
2018-01-31
01405171
2018-01-31
01405171
ns15:EnglandWales
2018-02-01
2019-01-31
01405171
ns14:PoundSterling
2018-02-01
2019-01-31
01405171
ns10:Director1
2018-02-01
2019-01-31
01405171
ns10:PrivateLimitedCompanyLtd
2018-02-01
2019-01-31
01405171
ns10:SmallEntities
2018-02-01
2019-01-31
01405171
ns10:Audited
2018-02-01
2019-01-31
01405171
ns10:SmallCompaniesRegimeForDirectorsReport
2018-02-01
2019-01-31
01405171
ns10:SmallCompaniesRegimeForAccounts
2018-02-01
2019-01-31
01405171
ns10:FullAccounts
2018-02-01
2019-01-31
01405171
ns10:Director2
2018-02-01
2019-01-31
01405171
ns10:CompanySecretary1
2018-02-01
2019-01-31
01405171
ns10:RegisteredOffice
2018-02-01
2019-01-31
01405171
ns5:CurrentFinancialInstruments
2019-01-31
01405171
ns5:CurrentFinancialInstruments
2018-01-31
01405171
ns5:Non-currentFinancialInstruments
2019-01-31
01405171
ns5:Non-currentFinancialInstruments
2018-01-31
01405171
ns5:ShareCapital
2019-01-31
01405171
ns5:ShareCapital
2018-01-31
01405171
ns5:SharePremium
2019-01-31
01405171
ns5:SharePremium
2018-01-31
01405171
ns5:RevaluationReserve
2019-01-31
01405171
ns5:RevaluationReserve
2018-01-31
01405171
ns5:CapitalRedemptionReserve
2019-01-31
01405171
ns5:CapitalRedemptionReserve
2018-01-31
01405171
ns5:RetainedEarningsAccumulatedLosses
2019-01-31
01405171
ns5:RetainedEarningsAccumulatedLosses
2018-01-31
01405171
ns5:FurnitureFittings
2018-02-01
2019-01-31
01405171
ns5:MotorVehicles
2018-02-01
2019-01-31
01405171
ns5:PlantMachinery
2018-01-31
01405171
ns5:PlantMachinery
2018-02-01
2019-01-31
01405171
ns5:PlantMachinery
2019-01-31
01405171
ns5:PlantMachinery
2018-01-31
01405171
ns5:CostValuation
2018-01-31
01405171
ns5:CurrentFinancialInstruments
ns5:WithinOneYear
2019-01-31
01405171
ns5:CurrentFinancialInstruments
ns5:WithinOneYear
2018-01-31
01405171
ns5:Secured
2019-01-31
01405171
ns5:Secured
2018-01-31
01405171
ns5:DeferredTaxation
2018-01-31
01405171
ns5:DeferredTaxation
2018-02-01
2019-01-31
01405171
ns5:DeferredTaxation
2019-01-31
01405171
ns5:RevaluationReserve
2018-01-31
01405171
ns10:Director1
1
2018-01-31
01405171
ns10:Director1
1
2017-01-31
01405171
ns10:Director1
1
2018-02-01
2019-01-31
01405171
ns10:Director1
1
2017-02-01
2018-01-31
01405171
ns10:Director1
1
2019-01-31
01405171
ns10:Director1
1
2018-01-31
01405171
ns10:Director2
2
2018-01-31
01405171
ns10:Director2
2
2017-01-31
01405171
ns10:Director2
2
2018-02-01
2019-01-31
01405171
ns10:Director2
2
2017-02-01
2018-01-31
01405171
ns10:Director2
2
2019-01-31
01405171
ns10:Director2
2
2018-01-31
REGISTERED NUMBER:
01405171
(England and Wales)
|
FOR THE YEAR ENDED 31 JANUARY 2019
|
Notes to the Financial Statements
|
3
|
|
to
|
|
8
|
|
REGISTERED OFFICE:
|
20b Cross Road
|
|
REGISTERED NUMBER:
|
01405171 (England and Wales)
|
Tangible assets
|
4
|
5,875
|
|
8,812
|
|
|
Investments
|
5
|
5,000
|
|
5,000
|
|
|
Investment property
|
6
|
5,477,000
|
|
4,892,000
|
|
|
Stocks
|
1,810,493
|
|
1,430,613
|
|
|
Debtors
|
7
|
1,827,423
|
|
1,837,285
|
|
|
Amounts falling due within one year
|
8
|
232,951
|
|
173,842
|
|
|
NET CURRENT ASSETS
|
3,404,965
|
|
3,094,056
|
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES
|
8,892,840
|
|
7,999,868
|
|
|
Amounts falling due after more than one
year
|
9
|
(1,705,083
|
) |
(1,353,215
|
) |
|
PROVISIONS FOR LIABILITIES
|
12
|
(600,818
|
) |
(489,668
|
) |
|
NET ASSETS
|
6,586,939
|
|
6,156,985
|
|
|
Called up share capital
|
3,668
|
|
3,668
|
|
|
Share premium
|
61,663
|
|
61,663
|
|
|
Revaluation reserve
|
13
|
3,381,858
|
|
2,908,008
|
|
|
Capital redemption reserve
|
1,332
|
|
1,332
|
|
|
Retained earnings
|
3,138,418
|
|
3,182,314
|
|
|
SHAREHOLDERS' FUNDS
|
6,586,939
|
|
6,156,985
|
|
|
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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
28 October 2019 and were signed on its
behalf by:
|
|
Brookpass Limited is a
private company, limited by shares , registered in England and Wales. The
|
|
company's registered number and registered office address can be found on the Company Information
|
|
Basis of preparing the financial statements
|
|
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. |
|
Turnover is measured at the fair value of consideration receivable by the company for rental income
|
|
The rental income comes from private rental properties owned by the company recognised on an
|
|
accruals basis as it falls due.
|
|
Turnover relating to the provision of services is recognised by reference to the stage of completion and
|
|
when it probable that the income will be received, and the amount can be measured reliably.
|
|
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
|
Fixtures and fittings
|
-
|
33% on cost |
|
Motor vehicles
|
-
|
25% on cost |
|
Investments in subsidiaries
|
|
Investments in subsidiary undertakings are recognised at cost.
|
|
Investment property is initially recognised at cost, which includes the purchase cost and any directly
|
|
attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The
|
|
surplus or deficit on revaluation is recognised in the revaluation reserve account
|
|
Stocks include properties acquired at cost by the company with a view to development and resale
|
|
including related costs of development.
|
|
Debtors and creditors with no stated interest rate and receivable or payable within one year are
|
|
recorded at transaction price. Any losses arising from impairments are recognised in expenditure.
|
|
Taxation for the year 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
|
|
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.
|
|
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
|
|
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 year 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.
|
|
Pension costs and other post-retirement benefits
|
|
The company operates a defined contribution pension scheme. Contributions payable to the
|
|
company's pension scheme are charged to profit or loss in the period to which they relate.
|
|
Loans and borrowings are initially recognised at the transaction price including transaction costs.
|
|
Subsequently, they are measured at amortised cost using the effective interest rate method, less
|
3.
|
EMPLOYEES AND DIRECTORS
|
|
The average number of employees during the year was
3 (2018 -
3 ) .
|
|
and 31 January 2019
|
13,310
|
|
|
5.
|
FIXED ASSET INVESTMENTS
|
|
and 31 January 2019
|
5,000
|
|
|
|
At 1 February 2018
|
4,892,000
|
|
|
|
At 31 January 2019
|
5,477,000
|
|
|
|
At 31 January 2019
|
5,477,000
|
|
|
|
At 31 January 2018
|
4,892,000
|
|
|
|
Investment property is carried at fair value determined annually by review of comparable real estate,
|
|
adjusted if necessary for any difference in the nature, location or condition of the specific asset. The
|
|
review is carried out by the directors. No depreciation is provided, and any changes in fair value are
|
|
recognised in the profit or loss.
|
|
Fair value at 31 January 2019 is represented by:
|
|
Valuation in 2003 |
731,907 |
|
|
|
Valuation in 2006 |
225,000 |
|
|
|
Valuation in 2007 |
247,500 |
|
|
|
Valuation in 2008 |
679,500 |
|
|
|
Valuation in 2010 |
340,000 |
|
|
|
Valuation in 2014 |
742,003 |
|
|
|
Valuation in 2016 |
426,766 |
|
|
|
Valuation in 2019 |
585,000 |
|
|
7.
|
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
|
Other debtors
|
1,827,423
|
|
1,837,285
|
|
|
8.
|
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
|
|
|
Bank loans and overdrafts (see note 10)
|
136,703
|
|
33,135
|
|
|
|
Trade creditors
|
41,159
|
|
43,298
|
|
|
|
Amounts owed to group undertakings
|
5,000
|
|
5,000
|
|
|
|
Taxation and social security
|
10,932
|
|
34,867
|
|
|
|
Other creditors
|
39,157
|
|
57,542
|
|
|
9.
|
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
|
|
|
Bank loans (see note 10)
|
1,705,083
|
|
1,353,215
|
|
|
|
Interest is charged on the bank loan at 2.60% per annum, above the bank's Base Rate, and is due to
|
|
The following secured debts are included within creditors:
|
|
Bank overdrafts
|
118,435
|
|
15,342
|
|
|
|
Bank loans
|
1,723,351
|
|
1,371,008
|
|
|
|
The Bank loans and overdraft are secured over the company's investment properties.
|
12.
|
PROVISIONS FOR LIABILITIES
|
|
Other timing differences
|
600,818 |
|
489,668 |
|
|
|
Balance at 1 February 2018
|
489,668
|
|
|
|
Provided during year
|
111,150
|
|
|
|
Balance at 31 January 2019
|
600,818
|
|
|
|
At 1 February 2018
|
2,908,008
|
|
|
|
Transfer between reserves
|
473,850 |
|
|
|
At 31 January 2019
|
3,381,858
|
|
|
14.
|
DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006
|
|
The Report of the Auditors was unqualified.
|
|
Stephen Jones FCA (Senior Statutory Auditor)
|
|
for and on behalf of
Myrus Smith |
15.
|
DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
|
|
The following advances and credits to directors subsisted during the years ended 31 January 2019 and
|
|
Balance outstanding at start of year
|
-
|
|
28,768
|
|
|
|
Amounts repaid
|
-
|
|
(28,768
|
) |
|
|
Balance outstanding at end of year
|
3,794
|
|
-
|
|
|
|
Balance outstanding at start of year
|
-
|
|
20,851
|
|
|
|
Amounts repaid
|
-
|
|
(20,851
|
) |
|
|
Balance outstanding at end of year
|
7,513
|
|
-
|
|
|
|
These loans are interest free and repayable on demand.
|
16.
|
RELATED PARTY DISCLOSURES
|
|
Name of related party
|
|
Nature of Relationship
|
|
Transaction Details
|
|
Amount
|
|
Balance
|
|
|
Charlie Newman Ltd
|
|
Directors/shareholders
|
|
Loan advanced
|
|
7,687
|
|
1,801,791
|
|
|
Charlie Newman Ltd
|
|
Directors/shareholders
|
|
Loan advanced
|
|
(37,319
|
) |
1,794,104
|
|
|
The above loans are interest free and repayable on demand.
|