Brickline Properties Limited - Accounts to registrar (filleted) - small 18.1
Brickline Properties Limited - Accounts to registrar (filleted) - small 18.1
Unaudited Financial Statements |
for the Year Ended 30 September 2017 |
for |
Brickline Properties Limited |
Brickline Properties Limited (Registered number: 06692906) |
Contents of the Financial Statements |
for the Year Ended 30 September 2017 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Brickline Properties Limited |
Company Information |
for the Year Ended 30 September 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
8-10 South Street |
Epsom |
Surrey |
KT18 7PF |
Brickline Properties Limited (Registered number: 06692906) |
Balance Sheet |
30 September 2017 |
2017 | 2016 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 11 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 12 |
Revaluation reserve | 13 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The directors acknowledge their 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. |
Brickline Properties Limited (Registered number: 06692906) |
Balance Sheet - continued |
30 September 2017 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the Board of Directors on behalf by: |
Brickline Properties Limited (Registered number: 06692906) |
Notes to the Financial Statements |
for the Year Ended 30 September 2017 |
1. | STATUTORY INFORMATION |
Brickline Properties Limited is a |
The company's registered number and registered office address can be found on the Company |
Information page. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Preparation of consolidated financial statements |
The financial statements contain information about Brickline Properties Limited as an individual |
company and do not contain consolidated financial information as the parent of a group. The company |
has taken the option under Section 398 of the Companies Act 2006 not to prepare consolidated |
financial statements. |
Investments in subsidiaries and associates |
Investments in subsidiary and associate undertakings are recognised at cost. |
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. |
The directors are also of the view that the property does not need to be depreciated as it is likely that it |
can only increase based on current economic forecasts. |
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 balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
the balance sheet 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. |
Rental income |
Income is accounted for on a receivable basis and is recognised in line with the terms of the lease. |
Joint venture income |
The company recognises any profits due from its joint venture activities when it has the right to receive |
any profits due in accordance with any Joint Venture agreements in place. |
Brickline Properties Limited (Registered number: 06692906) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Shares in | Interest | Interest |
group | in joint | in |
undertakings | venture | associate | Totals |
£ | £ | £ | £ |
COST |
At 1 October 2016 | - | 690,001 |
Additions | 3,066,884 |
Disposals | ( |
) | (689,500 | ) |
At 30 September 2017 | 3,067,385 |
NET BOOK VALUE |
At 30 September 2017 | 3,067,385 |
At 30 September 2016 | 690,001 |
The company's investments at the Balance Sheet date in the share capital of companies include the |
following: |
Subsidiary |
Registered office: 249 Cranbrook Road, Ilford, Essex, IG1 4TG |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Associated company |
Registered office: 8-10 South Street, Epsom, Surrey, KT18 7PF |
Nature of business: |
% |
Class of shares: | holding |
£ | £ |
Aggregate capital and reserves |
Profit for the year |
Brickline Properties Limited (Registered number: 06692906) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2016 |
and 30 September 2017 |
NET BOOK VALUE |
At 30 September 2017 |
At 30 September 2016 |
Fair value at 30 September 2017 is represented by: |
£ |
Valuation in 2017 | 839,613 |
Cost | 1,360,387 |
2,200,000 |
The investment property was valued on an open market basis on 13th March 2017 by Fleurets |
Chartered Surveyors. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Trade debtors |
Accrued income |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans and overdrafts (see note 9) |
Trade creditors | ( |
) |
Amounts owed to associates | 1,771,137 | - |
Tax |
VAT | 2,586 | 3,718 |
Other creditors |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2017 | 2016 |
£ | £ |
Bank loans (see note 9) |
Other loans (see note 9) |
Directors' loan accounts | 1,655,134 | 211,652 |
Brickline Properties Limited (Registered number: 06692906) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
9. | LOANS |
An analysis of the maturity of loans is given below: |
2017 | 2016 |
£ | £ |
Amounts falling due within one year or on demand: |
Bank overdrafts |
Bank loans |
Amounts falling due between one and two years: |
Bank loans - 1-2 years |
Other loans - 1-2 years | - |
Amounts falling due between two and five years: |
Bank loans - 2-5 years |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
2017 | 2016 |
£ | £ |
Bank loans |
The company currently has a mortgage in place which is secured by a charge on the freehold property |
owned by the company. Under the terms of the mortgage, monthly repayments of capital are made |
and interest is calculated and paid over the same month as it arises. |
The company is also part of the group cross guarantee facility in place for the Cuisine Collection |
Group. |
11. | PROVISIONS FOR LIABILITIES |
2017 | 2016 |
£ | £ |
Deferred tax | 43,322 | 66,723 |
Deferred |
tax |
£ |
Balance at 1 October 2016 |
Credit to Income Statement during year | ( |
) |
Balance at 30 September 2017 |
Brickline Properties Limited (Registered number: 06692906) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2017 |
12. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2017 | 2016 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |
13. | RESERVES |
Revaluation |
reserve |
£ |
At 1 October 2016 |
Deferred tax on property | 23,401 |
At 30 September 2017 |
14. | ULTIMATE CONTROLLING PARTY |
The company is controlled by Claudio Pulze. |