Company Registration No. 10840300 (England and Wales)
Brock House Investments Limited
Unaudited accounts
for the period from 31 May 2019 to 4 December 2020
Brock House Investments Limited
Unaudited accounts
Contents
Brock House Investments Limited
Company Information
for the period from 31 May 2019 to 4 December 2020
Company Number
10840300 (England and Wales)
Registered Office
22 Braydon Road
London
N16 6QB
England
Brock House Investments Limited
Statement of financial position
as at
4 December 2020
Investment property
-
3,092,450
Cash at bank and in hand
466,783
117,304
Creditors: amounts falling due within one year
(11,205)
(3,128,658)
Net current assets/(liabilities)
543,166
(2,949,890)
Total assets less current liabilities
543,266
142,560
Creditors: amounts falling due after more than one year
(50,000)
-
Net assets
493,266
142,560
Called up share capital
4
4
Profit and loss account
493,262
142,556
Shareholders' funds
493,266
142,560
For the period ending 4 December 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 May 2021 and were signed on its behalf by
Mr J Sofer
Director
Company Registration No. 10840300
Brock House Investments Limited
Notes to the Accounts
for the period from 31 May 2019 to 4 December 2020
Brock House Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10840300. The registered office is 22 Braydon Road, London, N16 6QB, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Judgements and key sources of estimation uncertainty
In the application of the Company's accounting policies, the directors are required to make judgments, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.
The Directors do not consider there are any critical judgments or sources of estimation uncertainty requiring disclosure beyond the accounting policies listed below.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Brock House Investments Limited
Notes to the Accounts
for the period from 31 May 2019 to 4 December 2020
Borrowing costs that are directly attributable to the acquisition, construction or production of a qualifying asset form part of the cost of that asset. Other borrowing costs are recognised as an expense.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Investment property
2020
Fair value at 31 May 2019
3,092,450
The company transferred its investment property to its wholly owned subsidiary, Brock House Estates Limited, by way of a grant of long leases.
5
Investments
Subsidiary undertakings
Valuation at 31 May 2019
-
Valuation at 4 December 2020
100
Investments at 4 December 2020 relates to the investment in the company's wholly owned subsidiary, Brock House Estates Limited, a company registered in England and Wales.
6
Debtors: amounts falling due within one year
2020
2019
Accrued income and prepayments
-
3,630
Other debtors
87,588
57,834
7
Creditors: amounts falling due within one year
2020
2019
Trade creditors
9,662
17,902
Amounts owed to group undertakings and other participating interests
-
2,366,174
Other creditors
1,543
735,522
8
Creditors: amounts falling due after more than one year
2020
2019
Brock House Investments Limited
Notes to the Accounts
for the period from 31 May 2019 to 4 December 2020
9
Share capital
2020
2019
Allotted, called up and fully paid:
4 Ordinary shares of £1 each
4
4
10
Transactions with related parties
The company has taken advantage of the exemptions conferred by FRS 102 Section 1A and has not disclosed details of transactions with group member undertakings.
The company is controlled by its parent undertaking, The F W Trust Ltd, a company incorporated in England and Wales for charitable purposes.
The F W Trust Ltd has no controlling party.
12
Average number of employees
During the period the average number of employees was 0 (2019: 0).