Brighthelm Holdings Limited Filleted accounts for Companies House (small and micro)
Brighthelm Holdings Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07336196
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STATEMENT OF FINANCIAL POSITION |
2023 |
2022 |
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Note |
£ |
£ |
£ |
Fixed assets
Investments |
5 |
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Current assets
Debtors |
6 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
7 |
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Net current assets |
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Total assets less current liabilities |
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Provisions |
– |
(
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Net assets |
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Capital and reserves
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Directors' responsibilities:
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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
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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STATEMENT OF FINANCIAL POSITION (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
23 November 2023
, and are signed on behalf of the board by:
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Director |
Company registration number:
07336196
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NOTES TO THE FINANCIAL STATEMENTS |
YEAR ENDED 31 MARCH 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 168 Church Road, Hove, East Sussex, BN3 2DL.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Consolidation
Revenue recognition
Income tax
Foreign currencies
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Investments in associates
Investments in joint ventures
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2022:
6
).
5.
Investments
Shares in group undertakings |
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£ |
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Cost |
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At 1 April 2022 |
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Additions |
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At 31 March 2023 |
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Impairment |
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At 1 April 2022 and 31 March 2023 |
– |
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Carrying amount |
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At 31 March 2023 |
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At 31 March 2022 |
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6.
Debtors
2023 |
2022 |
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£ |
£ |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
– |
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7.
Creditors:
amounts falling due within one year
2023 |
2022 |
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£ |
£ |
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Trade creditors |
– |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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– |
Social security and other taxes |
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Other creditors |
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8.
Related party transactions
During the year, management charges totalling £520,000 were receivable by the company from it's subsidiaries (2022: £583,200). At the year end, the company was owed amounts from it's subsidiary, Bidlogix Limited, totalling £2,247,227 (2022: £2,369,248). At the year end, the company owed amounts to it's subsidiary, Apex Auctions Limited, totalling £99,227 (2022: 20,484 debtor).
9.
Controlling party
The parent company of Brighthelm Holdings Limited is Pavilion Asset Holdings Limited, a company incorporated in the UK whose registered office is 168 Church Road, Hove, East Sussex, BN3 2DL.