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REGISTERED NUMBER:
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Financial Statements for the Year Ended 30th April 2019 |
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Brivid Limited |
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REGISTERED NUMBER:
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Financial Statements for the Year Ended 30th April 2019 |
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for |
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Brivid Limited |
Brivid Limited (Registered number: 07229770) |
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Contents of the Financial Statements |
for the Year Ended 30th April 2019 |
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Company Information | 1 |
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Abridged Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Brivid Limited |
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Company Information |
for the Year Ended 30th April 2019 |
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DIRECTOR: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Thorneloe House |
25 Barbourne Road |
Worcester |
Worcestershire |
WR1 1RU |
Brivid Limited (Registered number: 07229770) |
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Abridged Balance Sheet |
30th April 2019 |
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2019 | 2018 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS/(LIABILITIES) |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS/(LIABILITIES) |
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CAPITAL AND RESERVES |
Called up share capital |
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Non-distributable reserve | 5 |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his 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. |
Brivid Limited (Registered number: 07229770) |
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Abridged Balance Sheet - continued |
30th April 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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Brivid Limited (Registered number: 07229770) |
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Notes to the Financial Statements |
for the Year Ended 30th April 2019 |
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1. | STATUTORY INFORMATION |
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Brivid Limited is a
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registered number and registered office address can be found on the Company Information page. |
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2. | ACCOUNTING POLICIES |
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BASIS OF PREPARING THE FINANCIAL STATEMENTS |
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TURNOVER |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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Turnover represents amounts derived from the provision of goods and services falling within the company's |
ordinary activities, after deduction of trade discounts, value added tax and any other tax based on the amounts |
so derived. |
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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. |
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STOCKS |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and |
slow moving items. |
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TAXATION |
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 equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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DEFERRED TAX |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
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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. |
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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. |
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3. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
Additions |
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Revaluations | 268,235 |
At 30th April 2019 |
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NET BOOK VALUE |
At 30th April 2019 |
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Brivid Limited (Registered number: 07229770) |
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Notes to the Financial Statements - continued |
for the Year Ended 30th April 2019 |
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3. | INVESTMENT PROPERTY - continued |
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If investment properties had not been valued they would have been included at the following costs:- |
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Year ended 30 April 2019 £226,765 |
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The investment properties which are used by the company were valued by the Director at 30 April 2019. The |
valuation has been reflected in the accounts for the year ended 30 April 2019. |
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The Director has provided his best estimate of the open market values of the properties at the year end, the cost |
of a professional valuation is deemed to outweigh the benefits. |
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Fair value at 30 April 2019 is represented by:- |
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Valuation in 2019 £268,235 |
Cost £226,765 |
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Investment Property valuation £495,000 |
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4. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2019 | 2018 |
£ | £ |
Bank loans |
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The bank loan is secured upon the Land that the company owns. |
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5. | RESERVES |
Non-distributable |
reserve |
£ |
Investment property |
revaluation | 209,492 |
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At 30th April 2019 |
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6. | RELATED PARTY DISCLOSURES |
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Included in creditors is a loan from Arctic Spas Limited, a company which the director D Martin is also a director |
of. The balance owed to them at the year end was £143,500 (2018 £427,692). |
No interest is charged on this. |
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7. | GOING CONCERN |
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As at 30 April 2019 the balance sheet excluding the Non-distributable reserves was overdrawn. The director has |
agreed to support the company. On this basis the accounts have been prepared on a going concern basis. |