Brettview Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07433130 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2021

FOR

BRETTVIEW LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

DIRECTOR:

I Krausz

REGISTERED OFFICE:

115 Craven Park Road

South Tottenham

London

N16 6BL

REGISTERED NUMBER:

07433130 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Investment property

5

16,013

15,000

CURRENT ASSETS

Debtors

6

151,216

152,381

Cash at bank

3,101

2,633

154,317

155,014

CREDITORS

Amounts falling due within one year

7

(4,725

)

(4,151

)

NET CURRENT ASSETS

149,592

150,863

TOTAL ASSETS LESS CURRENT LIABILITIES

165,605

165,863

PROVISIONS FOR LIABILITIES

(2,850

)

(2,850

)

NET ASSETS

162,755

163,013

CAPITAL AND RESERVES

Called up share capital

8

1

1

Fair value reserve

9

12,150

12,150

Retained earnings

9

150,604

150,862

SHAREHOLDERS' FUNDS

162,755

163,013

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 August 2022 and were signed by:

I Krausz - Director

1.	STATUTORY INFORMATION

Brettview Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net ground rent and service charges receivable, excluding value added tax.

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.

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.

Current or deferred taxation assets and liabilities are not discounted.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

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.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2020

15,000

Additions

1,013

At 30 November 2021

16,013

NET BOOK VALUE

At 30 November 2021

16,013

At 30 November 2020

15,000

The fair value of investment property was assessed to be unchanged by the director. The fair value was determined using open market valuation method. The director does not have a formal qualification but considerable experience in property market to ascertain the fair value with sufficient level of confidence.

Fair value at 30 November 2021 is represented by:

£

Valuation in 2020

15,000

Cost

1,013

16,013

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Other debtors

151,216

152,381

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.21

30.11.20

£

£

Other creditors

4,725

4,151

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.11.21

30.11.20

value:

£

£

1

Ordinary

£1

1

1

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 December 2020

150,862

12,150

163,012

Deficit for the year

(258

)

(258

)

At 30 November 2021

150,604

12,150

162,754

10.	ULTIMATE CONTROLLING PARTY

The controlling party is I Krausz.