Brooks Estate Agents Limited 31/12/2023 iXBRL
Brooks Estate Agents Limited 31/12/2023 iXBRL
Company registration number:
07122178
Contents
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Statement of financial position
31 December 2023
2023 | 2022 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 | - | - | ||||||
Tangible assets | 6 |
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Investments | 7 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Debtors | 8 |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 9 |
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 10 |
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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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_______ | _______ | ||||||||
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;
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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.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
15 April 2024
, and are signed on behalf of the board by:
Director
Director
Company registration number:
07122178
Statement of changes in equity
Year ended 31 December 2023
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 January 2022 |
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Profit for the year |
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_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
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Dividends paid and payable |
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_______ | _______ | _______ | |||
Total investments by and distributions to owners | - |
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_______ | _______ | _______ | |||
At 31 December 2022 and 1 January 2023 |
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825,862 | 825,962 | ||
Profit for the year |
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_______ | _______ | _______ | |||
Total comprehensive income for the year | - |
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Dividends paid and payable |
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_______ | _______ | _______ | |||
Total investments by and distributions to owners | - |
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_______ | _______ | _______ | |||
At 31 December 2023 |
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_______ | _______ | _______ | |||
Notes to the financial statements
Year ended 31 December 2023
1.
General information
The company is a private company limited by shares, registered in the United Kingdom. The address of the registered office is Davis Bonley, Northside House, Mount Pleasant, Barnet, Herts, EN4 9EE.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
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:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset 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
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. 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 are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
Defined contribution plans
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
15
(2022:
15
).
5.
Intangible assets
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 January 2023 and 31 December 2023 |
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_______ | _______ | ||
Amortisation | |||
At 1 January 2023 and 31 December 2023 |
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_______ | _______ | ||
Carrying amount | |||
At 31 December 2023 | - | - | |
_______ | _______ | ||
At 31 December 2022 | - | - | |
_______ | _______ | ||
6.
Tangible assets
Short leasehold property | Fixtures, fittings and equipment | Motor vehicles | Total | ||
£ | £ | £ | £ | ||
Cost | |||||
At 1 January 2023 |
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Additions | - |
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- |
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_______ | _______ | _______ | _______ | ||
At 31 December 2023 |
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_______ | _______ | _______ | _______ | ||
Depreciation | |||||
At 1 January 2023 | - |
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Charge for the year | - |
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_______ | _______ | _______ | _______ | ||
At 31 December 2023 | - |
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_______ | _______ | _______ | _______ | ||
Carrying amount | |||||
At 31 December 2023 |
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_______ | _______ | _______ | _______ | ||
At 31 December 2022 |
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_______ | _______ | _______ | _______ | ||
7.
Investments
Other investments other than loans | Total | ||
£ | £ | ||
Cost | |||
At 1 January 2023 and 31 December 2023 |
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_______ | _______ | ||
Impairment | |||
At 1 January 2023 and 31 December 2023 | - | - | |
_______ | _______ | ||
Carrying amount | |||
At 31 December 2023 |
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_______ | _______ | ||
At 31 December 2022 |
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_______ | _______ | ||
8.
Debtors
2023 | 2022 | |||
£ | £ | |||
Trade debtors |
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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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_______ | _______ | |||
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_______ | _______ | |||
9.
Creditors: amounts falling due within one year
2023 | 2022 | |||
£ | £ | |||
Bank loans and overdrafts |
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Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors |
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_______ | _______ | |||
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_______ | _______ | |||
10.
Creditors: amounts falling due after more than one year
2023 | 2022 | |||
£ | £ | |||
Bank loans and overdrafts |
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_______ | _______ | |||
11.
Controlling party
The company is under the joint control of
J. Brooks
Esq and R. Brooks Esq.