Company Registration No. 04864720 (England and Wales)
BROOKBROUGH HOLDINGS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
PAGES FOR FILING WITH REGISTRAR
BROOKBROUGH HOLDINGS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 8
BROOKBROUGH HOLDINGS LIMITED
BALANCE SHEET
AS AT 31 DECEMBER 2018
31 December 2018
- 1 -
2018
2017
Notes
£
£
£
£
Fixed assets
Investment properties
5
2,000,000
1,910,000
Investments
6
200,017
200,017
2,200,017
2,110,017
Current assets
Debtors
7
130,795
16,309
Cash at bank and in hand
4,560
5,436
135,355
21,745
Creditors: amounts falling due within one year
8
(518,766)
(385,558)
Net current liabilities
(383,411)
(363,813)
Total assets less current liabilities
1,816,606
1,746,204
Creditors: amounts falling due after more than one year
9
(643,075)
(679,901)
Net assets
1,173,531
1,066,303
Capital and reserves
Called up share capital
10
875,448
875,448
Profit and loss reserves
298,083
190,855
Total equity
1,173,531
1,066,303
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 December 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
BROOKBROUGH HOLDINGS LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2018
31 December 2018
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 5 September 2019 and are signed on its behalf by:
Mr P R Brooks
Director
Company Registration No. 04864720
BROOKBROUGH HOLDINGS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2018
- 3 -
Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 1 January 2017
875,448
168,315
1,043,763
Year ended 31 December 2017:
Profit and total comprehensive income for the year
-
50,317
50,317
Dividends
-
(27,777)
(27,777)
Balance at 31 December 2017
875,448
190,855
1,066,303
Year ended 31 December 2018:
Profit and total comprehensive income for the year
-
135,005
135,005
Dividends
-
(27,777)
(27,777)
Balance at 31 December 2018
875,448
298,083
1,173,531
BROOKBROUGH HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018
- 4 -
1
Accounting policies
Company information
Brookbrough Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is 17 Alvaston Business Park, Middlewich Road, Nantwich, Cheshire CW5 6PF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover represents amounts receivable
from Brookbrough Trading Company Limited
for rental income net of VAT.
1.3
Tangible fixed assets
Tangible fixed assets
are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and machinery
15% straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and
is credited or charged to profit or loss
.
1.4
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure
. Subsequently it is measured
at fair value a
t
the reporting end date.
Changes in fair value are recognised in profit or loss.
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.
1.5
Fixed asset investments
Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.
The investments are assessed for impairment at each reporting date
and
any
impairment
losses or reversals of impairment losses are recognised immediately in profit or loss.
BROOKBROUGH HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2018
1
Accounting policies
(Continued)
- 5 -
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset
, with
the net amounts presented in the financial statements
,
when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.7
Taxation
The tax expense represents the sum of the tax currently payable
.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The
company’s
liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was 6 (2017 - 6).
3
Intangible fixed assets
Goodwill
£
Cost
At 1 January 2018 and 31 December 2018
50,000
Amortisation and impairment
At 1 January 2018 and 31 December 2018
50,000
Carrying amount
At 31 December 2018
-
At 31 December 2017
-
BROOKBROUGH HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2018
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2018 and 31 December 2018
17,089
Depreciation and impairment
At 1 January 2018 and 31 December 2018
17,089
Carrying amount
At 31 December 2018
-
At 31 December 2017
-
5
Investment property
2018
£
Fair value
At 1 January 2018
1,910,000
Revaluations
90,000
At 31 December 2018
2,000,000
Investment property comprises a property rented to Brookbrough Trading Company Limited. Brookbrough Holdings Limited hold 32.68% (2017 - 32.68%) of the issued share capital of Brookbrough Trading Company Limited. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the directors.
6
Fixed asset investments
2018
2017
£
£
Investments
200,017
200,017
BROOKBROUGH HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2018
6
Fixed asset investments
(Continued)
- 7 -
Movements in fixed asset investments
Shares in group undertakings and participating interests
£
Cost or valuation
At 1 January 2018 & 31 December 2018
200,017
Carrying amount
At 31 December 2018
200,017
At 31 December 2017
200,017
7
Debtors
2018
2017
Amounts falling due within one year:
£
£
Trade debtors
16,309
16,309
Other debtors
114,486
-
130,795
16,309
Included in other debtors is an amount due from Brookbrough Trading Company Limited of £114,266 (2017: £nil).
8
Creditors: amounts falling due within one year
2018
2017
£
£
Bank loans
432,437
37,886
Trade creditors
20,960
5,300
Corporation tax
13,912
16,785
Other taxation and social security
146
146
Other creditors
51,311
325,441
518,766
385,558
The bank loans are secured on the assets of the company.
Included in other creditors is an amount due to Brookbrough Trading Company Limited of £nil (2017: £278,105).
BROOKBROUGH HOLDINGS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2018
- 8 -
9
Creditors: amounts falling due after more than one year
2018
2017
Notes
£
£
Bank loans and overdrafts
643,075
679,901
Amounts included above which fall due after five years are as follows:
Payable by instalments
480,613
516,344
10
Called up share capital
2018
2017
£
£
Ordinary share capital
Issued and fully paid
487,304 Ordinary Class A of £1 each
487,304
487,304
Preference share capital
Issued and fully paid
221,144 Redeemable Preference Shares Class A of £1 each
221,144
221,144
167,000 Redeemable Preference Shares Class B of £1 each
167,000
167,000
388,144
388,144
2018-12-31
2018-01-01
false
CCH Software
CCH Accounts Production 2019.200
No description of principal activity
05 September 2019
Mrs M A Brooks
Mr P R Brooks
Mr W I M Coubrough
Mr G Coubrough
Mr Mark Harding
Mr K J Herbert
Mrs M A Brooks
04864720
2018-01-01
2018-12-31
04864720
2018-12-31
04864720
2017-12-31
04864720
core:CurrentFinancialInstruments
2018-12-31
04864720
core:CurrentFinancialInstruments
2017-12-31
04864720
core:Non-currentFinancialInstruments
2018-12-31
04864720
core:Non-currentFinancialInstruments
2017-12-31
04864720
core:ShareCapital
2018-12-31
04864720
core:ShareCapital
2017-12-31
04864720
core:RetainedEarningsAccumulatedLosses
2018-12-31
04864720
core:RetainedEarningsAccumulatedLosses
2017-12-31
04864720
core:ShareCapitalPreferenceShares
2018-12-31
04864720
core:ShareCapitalPreferenceShares
2017-12-31
04864720
bus:Director1
2018-01-01
2018-12-31
04864720
2017-01-01
2017-12-31
04864720
core:RetainedEarningsAccumulatedLosses
2018-01-01
2018-12-31
04864720
core:RetainedEarningsAccumulatedLosses
2017-01-01
2017-12-31
04864720
core:PlantMachinery
2018-01-01
2018-12-31
04864720
core:NetGoodwill
2017-12-31
04864720
core:OtherPropertyPlantEquipment
2017-12-31
04864720
bus:PrivateLimitedCompanyLtd
2018-01-01
2018-12-31
04864720
bus:FRS102
2018-01-01
2018-12-31
04864720
bus:AuditExemptWithAccountantsReport
2018-01-01
2018-12-31
04864720
bus:SmallCompaniesRegimeForAccounts
2018-01-01
2018-12-31
04864720
bus:Director2
2018-01-01
2018-12-31
04864720
bus:Director3
2018-01-01
2018-12-31
04864720
bus:Director4
2018-01-01
2018-12-31
04864720
bus:Director5
2018-01-01
2018-12-31
04864720
bus:Director6
2018-01-01
2018-12-31
04864720
bus:CompanySecretary1
2018-01-01
2018-12-31
04864720
bus:FullAccounts
2018-01-01
2018-12-31
xbrli:pure
xbrli:shares
iso4217:GBP