Brook Investment Partners Limited Filleted accounts for Companies House (small and micro)

BROOK INVESTMENT PARTNERS LIMITED - Company Information

3 false false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2023 - FRS102_2023 338,008 194,588 141,606 23,884 414,874 414,874 338,008 xbrli:pure xbrli:shares iso4217:GBP 07574028 2022-07-01 2023-06-30 07574028 2023-06-30 07574028 2022-06-30 07574028 2021-07-01 2022-06-30 07574028 2022-06-30 07574028 2021-06-30 07574028 core:MotorVehicles 2022-07-01 2023-06-30 07574028 bus:Director1 2022-07-01 2023-06-30 07574028 bus:Director2 2022-07-01 2023-06-30 07574028 core:FurnitureFittings 2022-06-30 07574028 core:FurnitureFittings 2023-06-30 07574028 core:MotorVehicles 2023-06-30 07574028 core:WithinOneYear 2023-06-30 07574028 core:WithinOneYear 2022-06-30 07574028 core:AfterOneYear 2023-06-30 07574028 core:AfterOneYear 2022-06-30 07574028 core:ShareCapital 2023-06-30 07574028 core:ShareCapital 2022-06-30 07574028 core:RetainedEarningsAccumulatedLosses 2023-06-30 07574028 core:RetainedEarningsAccumulatedLosses 2022-06-30 07574028 core:CostValuation core:Non-currentFinancialInstruments 2022-06-30 07574028 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-06-30 07574028 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2023-06-30 07574028 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2023-06-30 07574028 core:CostValuation core:Non-currentFinancialInstruments 2023-06-30 07574028 core:Non-currentFinancialInstruments 2023-06-30 07574028 core:Non-currentFinancialInstruments 2022-06-30 07574028 core:FurnitureFittings 2022-06-30 07574028 bus:SmallEntities 2022-07-01 2023-06-30 07574028 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 07574028 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 07574028 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 07574028 bus:FullAccounts 2022-07-01 2023-06-30 07574028 core:OfficeEquipment 2022-07-01 2023-06-30 07574028 core:OfficeEquipment 2022-06-30 07574028 core:OfficeEquipment 2023-06-30 07574028 core:KeyManagementPersonnel 2022-07-01 2023-06-30

COMPANY REGISTRATION NUMBER: 07574028

Brook Investment Partners Limited

Filleted Unaudited Financial Statements

30 June 2023

Brook Investment Partners Limited

Financial Statements

Year ended 30 June 2023

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Brook Investment Partners Limited

Statement of Financial Position

30 June 2023

	2023		2022
Note	£	£	£

Fixed assets

Tangible assets	5	10,963	7,540
Investments	6	414,874	368,961
		---------	---------
		425,837	376,501

Current assets

Debtors	7	1,727	3,027
Cash at bank and in hand		140,268	246,491
		---------	---------
		141,995	249,518

Creditors: amounts falling due within one year	8	19,379		48,505
		---------		---------
Net current assets			122,616	201,013
			---------	---------
Total assets less current liabilities			548,453	577,514

Creditors: amounts falling due after more than one year	9		30,000	30,000

Provisions

Taxation including deferred tax	2,741	1,885
	---------	---------
Net assets	515,712	545,629
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	515,612	545,529
	---------	---------
Shareholders funds	515,712	545,629
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Brook Investment Partners Limited

Statement of Financial Position (continued)

30 June 2023

These financial statements were approved by the board of directors and authorised for issue on 7 September 2023 , and are signed on behalf of the board by:

Mr S J Latham	Mrs J M Latham
Director	Director

Company registration number: 07574028

Brook Investment Partners Limited

Notes to the Financial Statements

Year ended 30 June 2023

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

The turnover shown in the income statement represents amounts invoiced during the year, exclusive of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	20% straight line
Equipment	-	25% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Government grants

Government grants are recognised using the accrual model. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it it becomes receivable.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2022: 3 ).

5. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1 July 2022	5,000	–	13,383	18,383
Additions	–	5,500	115	5,615
	-------	-------	--------	--------
At 30 June 2023	5,000	5,500	13,498	23,998
	-------	-------	--------	--------
Depreciation
At 1 July 2022	–	–	10,843	10,843
Charge for the year	–	1,100	1,092	2,192
	-------	-------	--------	--------
At 30 June 2023	–	1,100	11,935	13,035
	-------	-------	--------	--------
Carrying amount
At 30 June 2023	5,000	4,400	1,563	10,963
	-------	-------	--------	--------
At 30 June 2022	5,000	–	2,540	7,540
	-------	-------	--------	--------

6. Investments

	Other investments other than loans
	£
Cost
At 1 July 2022	338,008
Additions	194,588
Disposals	( 141,606)
Revaluations	23,884
	---------
At 30 June 2023	414,874
	---------
Impairment
At 1 July 2022 and 30 June 2023	–
	---------

Carrying amount
At 30 June 2023	414,874
	---------
At 30 June 2022	338,008
	---------

During the year the company held investments of £338,008 in a fund managed by a wealth management company. The investments are measured at fair value based on the quoted market price in an active market, the fair value as at the year end date was £414,874.

7. Debtors

	2023	2022
	£	£
Other debtors	1,727	3,027
	-------	-------

8. Creditors: amounts falling due within one year

	2023	2022
	£	£
Corporation tax	7,476	22,190
Social security and other taxes	4,366	19,257
Other creditors	7,537	7,058
	--------	--------
	19,379	48,505
	--------	--------

9. Creditors: amounts falling due after more than one year

	2023	2022
	£	£
Other creditors	30,000	30,000
	--------	--------

10. Related party transactions

Interest of £1,800 (2022: £1,800) was made on a loan made by the director to the company. At the balance sheet date, the company owed £31,684 to the directors (2022: £30,348).