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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017 |
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BROOKES PARKER LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2017 |
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FOR |
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BROOKES PARKER LTD |
BROOKES PARKER LTD (REGISTERED NUMBER: 07675996) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
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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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BROOKES PARKER LTD |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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12 Abbey Road |
GRIMSBY |
DN32 0HL |
BROOKES PARKER LTD (REGISTERED NUMBER: 07675996) |
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ABRIDGED BALANCE SHEET |
30 JUNE 2017 |
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30.6.17 | 30.6.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
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Investments | 4 |
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Listed investments | 5 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Allotted, called up and |
fully paid share capital | 6 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
BROOKES PARKER LTD (REGISTERED NUMBER: 07675996) |
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ABRIDGED BALANCE SHEET - continued |
30 JUNE 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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BROOKES PARKER LTD (REGISTERED NUMBER: 07675996) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
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1. | STATUTORY INFORMATION |
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Brookes Parker Ltd 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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The significant accounting policies applied in the preparation of these financial statements are set out below. |
These policies have been consistently applied to all years presented unless otherwise stated. |
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The company adopted FRS 102 Section 1A in the current year and an explanation of how the transition to FRS |
102 Section 1A has affected the reported financial position and performance is given in the reconciliations of |
equity and profit. |
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The financial statements are presented in sterling which is the functional currency of the company and rounded |
to the nearest £. |
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Turnover |
Turnover is measured at the fair value received or receivable, excluding value added tax, for services provided to |
customers during the year. |
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Tangible fixed assets |
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and |
accumulated impairment losses. |
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Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated |
residual value, of each asset on a systematic basis over their expected useful lives as follows - |
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Office expenditure | - | 20% on cost |
Computer equipment | - | 33% on cost |
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Investments |
Listed investments are measured at fair value. Fair value gains and losses are recognised in the profit and loss |
account. |
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Investments in unlisted companies are measured at cost less impairment. |
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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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. |
BROOKES PARKER LTD (REGISTERED NUMBER: 07675996) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2017 |
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2. | ACCOUNTING POLICIES - continued |
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Debtors and creditors |
Debtors and creditors with no stated interest rates and receivable or payable within one year are recognised at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in other |
administrative expenses. |
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Loans and borrowings |
Loans payable to a director and shareholder of the company and their close family which are basic financial |
instruments are recognised at transaction price in accordance with paragraph 1.15A of FRS 102. |
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3. | TANGIBLE FIXED ASSETS |
Totals |
£ |
COST |
At 1 July 2016 |
and 30 June 2017 |
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DEPRECIATION |
At 1 July 2016 |
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Charge for year |
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At 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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At 30 June 2016 |
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4. | FIXED ASSET INVESTMENTS |
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Information on investments other than loans is as follows: |
Totals |
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COST |
At 1 July 2016 |
and 30 June 2017 | 5 |
NET BOOK VALUE |
At 30 June 2017 | 5 |
At 30 June 2016 | 5 |
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5. | LISTED INVESTMENTS |
Total |
£ |
FAIR VALUE |
At 1 July 2016 |
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Additions |
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Disposals | ( |
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Movements in fair value | 57,882 |
At 30 June 2017 |
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NET BOOK VALUE |
At 30 June 2017 |
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At 30 June 2016 |
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The historical cost of the listed investments is £1,184,105 (2016: £1,080,370). |
BROOKES PARKER LTD (REGISTERED NUMBER: 07675996) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2017 |
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6. | ALLOTTED, CALLED UP AND |
FULLY PAID SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.17 | 30.6.16 |
value: | £ | £ |
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"A" ordinary | £1 | 375,000 | 375,000 |
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"B" ordinary | £1 | 375,000 | 375,000 |
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"C" ordinary | £1 | 250,000 | 250,000 |
1,000,000 | 1,000,000 |
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7. | ULTIMATE CONTROLLING PARTY |
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Ultimate control of the company lies with its directors. |