Company Registration No. 00815938 (England and Wales)
BRYANT PEERS INVESTMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
PAGES FOR FILING WITH REGISTRAR
BRYANT PEERS INVESTMENTS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
4 - 7
BRYANT PEERS INVESTMENTS LIMITED
BALANCE SHEET
AS AT
5 APRIL 2021
05 April 2021
- 1 -
2021
2020
Notes
£
£
£
£
Fixed assets
Investments
4
545,196
442,216
Current assets
Investments
6
1,709
6,134
Cash at bank and in hand
26,518
27,965
28,227
34,099
Creditors: amounts falling due within one year
7
(30,677)
(23,532)
Net current (liabilities)/assets
(2,450)
10,567
Total assets less current liabilities
542,746
452,783
Creditors: amounts falling due after more than one year
8
(10,000)
Provisions for liabilities
(63,448)
(44,496)
Net assets
479,298
398,287
Capital and reserves
Called up share capital
757
757
Other reserves
313,211
235,905
Profit and loss reserves
165,330
161,625
Total equity
479,298
398,287
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 5 April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he member has 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.
BRYANT PEERS INVESTMENTS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
5 APRIL 2021
05 April 2021
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 1 December 2021
Mrs C Peers
Director
Company Registration No. 00815938
BRYANT PEERS INVESTMENTS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 5 APRIL 2021
- 3 -
Share capital
Other reserves
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 6 April 2019
757
293,132
163,169
457,058
Year ended 5 April 2020:
Loss and total comprehensive income for the year
-
-
(53,771)
(53,771)
Dividends
-
-
(5,000)
(5,000)
Transfers
-
(54,097)
54,097
-
Other movements
-
(3,130)
3,130
-
Balance at 5 April 2020
757
235,905
161,625
398,287
Year ended 5 April 2021:
Profit and total comprehensive income for the year
-
-
86,011
86,011
Dividends
-
-
(5,000)
(5,000)
Transfers
-
80,797
(80,797)
-
Other movements
-
(3,491)
3,491
-
Balance at 5 April 2021
757
313,211
165,330
479,298
BRYANT PEERS INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2021
- 4 -
1
Accounting policies
Company information
Bryant Peers Investments Limited is a
private
company
limited by shares
incorporated in
England and Wales
.
The registered office is
Delandale House
,
37 Old Dover Road
,
Canterbury
,
Kent
, United Kingdom,
CT1 3JF
.
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 certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for
dividends and other income receivable from fixed asset investments.
1.3
Cash and cash equivalents
Cash and cash equivalents
are basic financial assets
and
include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.4
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.
Basic financial assets
Basic financial assets, which include
debtors
and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest
method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Financial assets classified as receivable within one year are not amortised.
Other financial assets
Other financial assets comprise equity instruments which are included in the financial statements as fixed asset investments.
BRYANT PEERS INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2021
1
Accounting policies
(Continued)
- 5 -
Investments which are publicly traded in active markets for which a reliable fair value can be measured are initially measured at the transaction price including transaction costs and are subsequently measured at fair value through profit and loss.
Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Basic financial liabilities
Basic financial liabilities, including
creditors
, bank loans, loans from
fellow group companies and preference shares that are classified as debt, are
initially recognised at transaction price unless the arrangement constitutes a
financing transaction, where the debt instrument is measured at the present value of
the future
paymen
ts discounted at a market rate of interest.
Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective
interest rate method.
Trade creditors
are obligations to pay for goods or services that have been acquired
in the ordinary course of business from suppliers. A
m
ounts payable are classified as
current liabilities if payment is due within one year or less. If not, they are presented
as non-current liabilities.
Trade creditors
are recognised initially at transaction price
and subsequently measured at amortised cost using the effective interest method.
1.5
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.
Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.6
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
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.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the
profit and loss account
, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the
company
has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
BRYANT PEERS INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2021
- 6 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount 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 where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2021
2020
Number
Number
Total
4
Fixed asset investments
2021
2020
£
£
Other investments other than loans
545,196
442,216
The fair value of listed equity investments is determined based on the quoted market price available in an active market for those instruments.
The historical cost of investments included at valuation excluding cash and unsettled trades at 5 April 2021 was £168,536 (2020 : £161,814).
Movements in fixed asset investments
Investments
£
Cost or valuation
At 6 April 2020
442,216
Additions
21,112
Valuation changes
99,749
Disposals
(17,881)
At 5 April 2021
545,196
Carrying amount
At 5 April 2021
545,196
At 5 April 2020
442,216
BRYANT PEERS INVESTMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 5 APRIL 2021
- 7 -
5
Financial instruments
2021
2020
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
1,709
6,134
6
Current asset investments
2021
2020
£
£
Other investments
1,709
6,134
7
Creditors: amounts falling due within one year
2021
2020
£
£
Other creditors
30,677
23,532
8
Creditors: amounts falling due after more than one year
2021
2020
£
£
Other creditors
10,000