REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 JANUARY 2021 |
|
FOR |
|
BRICK MORT INVESTMENTS LTD |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
UNAUDITED FINANCIAL STATEMENTS |
|
FOR THE YEAR ENDED 31 JANUARY 2021 |
|
FOR |
|
BRICK MORT INVESTMENTS LTD |
BRICK MORT INVESTMENTS LTD (REGISTERED NUMBER: 07899414) |
|
|
|
|
|
|
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2021 |
|
|
|
|
Page |
|
Statement of Financial Position | 1 |
|
Notes to the Financial Statements | 3 |
|
BRICK MORT INVESTMENTS LTD (REGISTERED NUMBER: 07899414) |
|
STATEMENT OF FINANCIAL POSITION |
31 JANUARY 2021 |
|
2021 | 2020 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Property, plant and equipment | 4 |
|
|
Investments | 5 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 6 |
|
|
Cash at bank and in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 7 |
|
|
NET CURRENT ASSETS |
|
|
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one year | 8 |
|
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
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. |
BRICK MORT INVESTMENTS LTD (REGISTERED NUMBER: 07899414) |
|
STATEMENT OF FINANCIAL POSITION - continued |
31 JANUARY 2021 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the Board of Directors and authorised for issue on
|
|
|
|
|
|
|
|
BRICK MORT INVESTMENTS LTD (REGISTERED NUMBER: 07899414) |
|
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JANUARY 2021 |
|
1. | STATUTORY INFORMATION |
|
Brick Mort Investments Ltd is a
|
|
Registered number: |
|
|
Registered office: |
|
|
|
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
Significant judgements and estimates |
In the application of the company's accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are relevant. Actual results may differ from these estimates. |
|
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affects both current and future periods. |
|
There are no significant judgements or estimates involved in the preparation of the financial statements. |
|
Revenue |
Revenue represents the value of work carried out in respect of services provided to customers and guaranteed rent received during the accounting period. Revenue is recognised when services are rendered to the customers. |
|
Property, plant and equipment |
Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses. Such cost includes costs directly attributable to making the assets capable of operating as intended. |
|
The carrying value of tangible assets are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable. |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
Plant and machinery - 25% on reducing balance. |
|
The company has adopted the policy of not depreciating its tangible assets in the year of purchase, but full depreciation will be provided in the year of disposal. |
BRICK MORT INVESTMENTS LTD (REGISTERED NUMBER: 07899414) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2021 |
|
2. | ACCOUNTING POLICIES - continued |
|
Government grants |
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute. |
|
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period. |
|
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned. |
|
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with. |
|
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 material 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. |
|
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
|
Investments |
Fixed assets investments are stated at cost less impairment. |
|
Cash and cash equivalents |
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of changes in value. |
|
Financial instruments |
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. |
|
Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
BRICK MORT INVESTMENTS LTD (REGISTERED NUMBER: 07899414) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2021 |
|
4. | PROPERTY, PLANT AND EQUIPMENT |
Plant and |
machinery |
£ |
COST |
At 1 February 2020 |
|
Additions |
|
At 31 January 2021 |
|
DEPRECIATION |
At 1 February 2020 |
|
Charge for year |
|
At 31 January 2021 |
|
NET BOOK VALUE |
At 31 January 2021 |
|
At 31 January 2020 |
|
|
5. | FIXED ASSET INVESTMENTS |
Share in |
associates |
£ |
COST |
At 1 February 2020 |
|
Additions |
|
At 31 January 2021 |
|
NET BOOK VALUE |
At 31 January 2021 |
|
At 31 January 2020 |
|
|
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
|
|
|
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Taxation and social security |
|
|
Other creditors |
|
|
|
|
BRICK MORT INVESTMENTS LTD (REGISTERED NUMBER: 07899414) |
|
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JANUARY 2021 |
|
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2021 | 2020 |
£ | £ |
Bank loans |
|
|
|
9. | RELATED PARTY DISCLOSURES |
|
Included in the other debtors less than one year, is an amount of £381,913 (2020: £236,251) due from connected entities under common control.The loans were interest free and repayable on demand. |
|
Included in the other creditors less than one year, is an amount of £113,803 (2020: £50,864) due to connected entities under common control. |