BROOKSBY ENTERPRISES LIMITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY Company registration

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1 -. BROOKSBY ENTERPRISES LIMITED REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2018 Company registration

2 BROOKS8V ENTERPRISES LIMITED REPORT AND FINANCIAL STATEMENTS YEAR ENDED 31 JUl V 2018 CONTENTS Officers and professional advisers Page l The Directors' report 2 Directors' responsibilities in the preparation of Financial statements 3 Independent auditor's report to the members 4 Statement of income and retained earnings 6 Statement of financial position 7 Notes to financial statements 8

3 BROOI<SBY ENTERPRISES UMITED OFFICERS AND PROFESSIONAL ADVISERS YEAR ENDED 31 JULY :ZOU! The Board of Directors Mr R Marks Mrs R Wakefing Mr E Smethurst MrA Wolfe Mrs D Whitemore Secretary Mrs l Muscott Registered Office Brooksbv Melton College Brooksby Melton Mowbray teicestershlre le142u Bankers Barclavs Bank pic Town Hall Square Leicester LE19AA Solicitors Browne Jacobson llp Mowbray House Castle Meadow Road Nottingham NG21BJ Auditors RSM UK Audit LLP Chartered Accountants Rivermead House 7 Lewis Court Grove Park Enderby Leicestershire LE191SD Page 1

4 BROOKSBY ENTERPRISES LIMITED THE DIRECTORS' REPORT FOR THE YEAR ENDED 31 JULY 2018 The directors present their report and the audited financial statements for the year ended 31 July PRINCIPAL ACTIVITY The letrings of the facilities of Brooksby Melton College for commercial purposes, including weddings, conferences, courses, sporting, recreational and social activities. DIRECTORS The directors and secretary of the company who held office during the year and up to the date of signature of the financial statements were as follows: Name: Position: Mr R Marks Mrs R Wakeling Mr C Bali Mr E Smethurst Mr A Wolfe Director Director Director (resigned 25 October 2017) Director Director Mrs D Whitemore Director (appointed 25 September 2018) Mrs L Muscott Secretary AUDITOR The auditor, RSM UK Audit LLP, is deemed to be reappointed under section 487(2) of the Companies Act STATEMENT OF DISCLOSURE TO AUDITOR So far as each director is aware, there is no relevant audit information of which the company's auditor is unaware. Additionally, each director has taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the company's auditor is aware of that information. This report has been prepar~-f.t::\ accordance with the provisions applicable to companies entitled to the small companies exerption. I On behalf of the Board,/'(/ I I~----'" '" Jí/ /(Jìa,ií::ri. ri I.~_,., {~ Page 2

5 BROOKSBY ENTERPRISES LIMITED DIRECTORS' RESPONSIBILITIES IN THE PREPARATION Of FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JUt y 2018 The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing those financial statements, the directors are required to: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; and prepare financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Page 3

INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BROOKSBY ENTERPRISES LIMITED Opinion We have audited the financial statements of Brooksby Enterprises Limited (the 'company') for the year ended 31 July

6 INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF BROOKSBY ENTERPRISES LIMITED Opinion We have audited the financial statements of Brooksby Enterprises Limited (the 'company') for the year ended 31 July 2018 which comprise the Statement of Income and Retained Earnings and Statement of Financial Position and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: give a true and fair view of the state of the company's affairs as at 31 July 2018 and of its profit/loss for the year then ended; have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; have been prepared in accordance with the requirements of the Companies Act Basis for opinion We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Conclusions relating to going concern We have nothing to report in respect of the following matters in relation to which the ISAs (UK) require us to report to you where: the directors' use of the going concern basis of accounting in the preparation of the financial statements is not appropriate; or the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company's ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. Other information The other information comprises the information included in the annual report, other than the financial statements and our auditor's report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. Opinions on other matters prescribed by the Companies Act 2006 In our opinion, based on the work undertaken in the course of the audit: the information given in the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and the directors' report has been prepared in accordance with applicable legal requirements. Page4

Matters on which we are required to report by exception In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified

7 Matters on which we are required to report by exception In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors' report. We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion: adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of directors' remuneration specified by law are not made; or we have not received all the information and explanations we require for our audit; or if small - the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies exemption from the requirement to prepare a strategic report or in preparing the directors' report. Responsibilities of directors As explained more fully in the directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. Auditor's responsibilities for the audit of the financial statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: This description forms part of our auditor's report. Use of our report This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. Gareth Jones (Senior Statutory Auditor) For and on behalf of RSM UK Audit LLP, Statutory Auditor Chartered Accountants Rivermead House 7 Lewis Court Grove Park Enderby Leicestershire Date: L 7 12/ \ 9 Page 5

8 BROOKSBY ENTERPRISES LIMITED STATEMENT OF INCOME AND RETAINED EARNINGS FOR THE YEAR ENDED 31 JULY Note TURNOVER 559, ,458 Cost of sales (428,746) (444,902) GROSS PROFIT 130, ,556 Administrative expenses (18,489) (18,140) Other operating income OPERATING PROFIT 112, ,513 PROFIT BEFORE TAXATION 112, ,513 Taxation 3 (2,711) (3,064) PROFIT AFTER TAXATION AND PROFIT FOR THE FINANCIAL YEAR 109,723 98,449 Retained earnings at 1 August Gift aid distribution Retained earnings at 31 July (109,723) (98,449) Page 6

9 BROOKSBY ENTERPRISES UMITED STATEMENT OF FINANCIAL POSITION AT 31 JULY 2018 Company registration number: Note Fixed assets Intangible assets 4 3,732 6,363 Tangible assets 5 480, ,323 Current assets 484, ,686 Stocks 6,131 7,498 Debtors 6 23,949 65,116 Cash at bank and in hand 95, , , ,773 CREDITORS: Amounts falling due within one year 7 (609,477) (689,457) NET CURRENT LIABILITIES (484,251) (496,684) TOTAL ASSETS less CURRENT LIABILITIES 2 2 CAPITAL AND RESERVES Called-up share capital Profit and loss account SHAREHOLDER'S FUNDS 2 2 These financial statements have bee~ prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements on pages 6 to 11 were approved by the board of directors and authorised for issue on 28 Novemb,lr}018 an ' are signed on its behalf by: t~ l/ R Marks D Whitemore Director Director Page 7

10 BROOKSBY ENTERPRISES limited NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 33. JULY ACCOUNTING POLICIES Company Information Brooksby Enterprises Limited is a private company limited by shares incorporated in England and Wales. The registered office is Brooksby Melton College, Brooksby, Melton Mowbray, Leicestershire, le14 2U. Basis of accounting These financial statements have been prepared in accordance with "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102"), the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime, and under the historical cost convention. The disclosure requirements of section la of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view. Going Concern The financial statements have been prepared on a going concern basis. The validity of this assumption depends upon the continued support of the parent undertaking. The parent undertaking has confirmed its willingness to support the financial requirements of the business for the foreseeable future. On this basis the directors are of the opinion that the company is a going concern. Turnover Turnover which excludes value added tax and trade discounts, represents the value of goods and services invoiced to customers during the year. Intangible Fixed Assets and amortisation Intangible assets purchased other than in a business combination are recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Intangible assets are initially recognised at cost and are subsequently measured at cost less accumulated amortisation. Intangible assets are amortised to profit and loss on a straight-line basis over their useful lives, and for purchased software this is 4 years. Tangible Fixed Assets and depredation Tangible fixed assets are stated at cost less depreciation. Costs represent purchase price together with any incidental costs of acquisition. Depreciation is calculated so as to write off the cost of an asset, net of anticipated disposal proceeds, over the useful economie life of that asset as follows: Land & Buildings Plant & machinery etc 2% per year 10% per year and 25% per year Stocks Stocks are held at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Page8

11 BROOKSBY ENTERPRISES UMITED NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 JULY ACCOUNTING POLICIES (continued) Taxation Current tax is based on taxable profit for the year. Current tax assets and liabilities are measured using tax rates that have been enacted or substantially enacted by the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and it's results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured at the average rates that are expected to apply in the periods in which timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Deferred tax is measured on a non-discounted basis. Deferred tax assets are recognised only to the extent that the directors consider it more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing difference can be deducted. Financial instruments The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments. Financial instruments are classified and accounted for as financial assets, financial liabilities, or equity instruments, according to the substance of the contractual arrangement. Z EMPLOYEE AND DIRECTOR INFORMATION The company has no employees. No director received any emoluments from the company in the current or previous accounting period. 3 CURRENT TAX UK corporation tax on profits of current year , f. 3,064 Tax on profit on ordinary activites 2,711 3,064 Page 9

12 BROOI<SBY ENTERPRISES LIMITED NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 JULY INTANGIBLE FIXED ASSETS Cost At 1 August 2017 At 31 July 2018 Amortisation At 1 August 2017 Charge for year At 31 July 2018 Software 20,025 20,025 13,662 2,631 16,293 Net book value at 31 July ,732 Net book value at 31 July ,363 5 TANGIBLE fixed ASSETS Cost Plant & machinery Land and Buildings etc Total At 1 August , , ,194 At 31 July , , ,194 Depredation At 1 August , , ,871 Charge for year 5,099 4,703 9,802 At 31 July , , ,673 Net Book Value at 31 July ,973 18, ,521 Net Book Value at 31 July ,072 23, ,323 6 DEBTORS Amounts falling due within one year: f Trade debtors 17,776 54,569 Amounts owed by group undertakings Prepayments 5,828 10,304 23,949 65,116 Page 10

13 BROOKSBY ENTERPRiSES LIMITED NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 JULY 2018 '7 CREDITORS: AMOUNTS FALUNG DUE WITHIN ONE YEAR f f Trade creditors 12,636 21,556 Payments received on account 18,596 29,132 Amounts owed to group undertakings 480, ,230 Other taxation and social security 31,142 38,838 Corporation tax 2,711 3,064 Accruals and deferred income 64, , , ,457 8 SHARE CAPITAL AND RESERVES Allotted, called up and fully paid 2018 No 2017 No f Ordinary shares of f1 each Ordinary share rights The company's ordinary shares, which carry no right to a fixed income, each carry the right to one vote at general meetings of the Company. Profit and loss account Cumulative profit and loss net of distribution to owners. 9 RELATED PARTY TRANSACTiONS There were no related party transactions during the year (2017: none) or balances at the balance sheet date (2017: none) requiring disclosure. 10 ULTIMATE PARENT UNDERTAKING AND CONSOLIDATED ACCOUNTS The ultimate parent undertaking and controlling party is Brooksbv Melton College, a charity exempt from registration under the Further & Higher Education Act Copies of the ultimate parent's consolidated financial statements into which the company is consolidated can be obtained from Brooksby Melton College, Brooksbv, Melton Mowbray, Leics, LE14 2U. Brooksby Melton College is the parent of the smallest group for which consolidated accounts are drawn up of which the company is a member. Page 11

Incessant Technologies (UK) Limited

Registration number: 06830214 Incessant Technologies (UK) Limited Annual Report and Financial Statements for the Year Ended 31 March 2018 Kajaine Limited Statutory Auditors Kajaine House 57-67 High Street