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REGISTERED NUMBER: 00357794 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2022

FOR

OGDENS (BRIGHTON) LIMITED

OGDENS (BRIGHTON) LIMITED (REGISTERED NUMBER: 00357794)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OGDENS (BRIGHTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2022







DIRECTORS: R A F Ogden
Mr F S Ogden
Ms A M T Gaffney
A R Ogden
Mrs V P Bishop
W E Ogden
T R Ogden





SECRETARY: R A F Ogden





REGISTERED OFFICE: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ





REGISTERED NUMBER: 00357794 (England and Wales)





ACCOUNTANTS: Parkers
Cornelius House
178-180 Church Road
Hove
East Sussex
BN3 2DJ

OGDENS (BRIGHTON) LIMITED (REGISTERED NUMBER: 00357794)

BALANCE SHEET
31ST MARCH 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 422 563
Investments 5 819,688 750,339
Investment property 6 3,082,325 3,032,200
3,902,435 3,783,102

CURRENT ASSETS
Debtors 7 56,759 51,151
Cash at bank 427,807 357,360
484,566 408,511
CREDITORS
Amounts falling due within one year 8 61,573 56,465
NET CURRENT ASSETS 422,993 352,046
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,325,428

4,135,148

PROVISIONS FOR LIABILITIES 522,253 499,580
NET ASSETS 3,803,175 3,635,568

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Fair value reserve 9 2,560,431 2,463,631
Retained earnings 1,222,744 1,151,937
SHAREHOLDERS' FUNDS 3,803,175 3,635,568

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2022 in accordance with Section 476 of the Companies Act 2006.

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.

OGDENS (BRIGHTON) LIMITED (REGISTERED NUMBER: 00357794)

BALANCE SHEET - continued
31ST MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 5th September 2022 and were signed on its behalf by:





R A F Ogden - Director


OGDENS (BRIGHTON) LIMITED (REGISTERED NUMBER: 00357794)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2022

1. STATUTORY INFORMATION

Ogdens (Brighton) Limited is a private company, limited by shares , registered in England and Wales. 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
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Significant judgements and estimates
The directors have valued the freehold properties on an open market basis.

Turnover
Turnover represents gross rents receivable from the letting of investment properties within the UK.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

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.


OGDENS (BRIGHTON) LIMITED (REGISTERED NUMBER: 00357794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

2. ACCOUNTING POLICIES - continued
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.

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2021
and 31st March 2022 15,069
DEPRECIATION
At 1st April 2021 14,506
Charge for year 141
At 31st March 2022 14,647
NET BOOK VALUE
At 31st March 2022 422
At 31st March 2021 563

OGDENS (BRIGHTON) LIMITED (REGISTERED NUMBER: 00357794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST OR VALUATION
At 1st April 2021 750,339
Revaluations 69,349
At 31st March 2022 819,688
NET BOOK VALUE
At 31st March 2022 819,688
At 31st March 2021 750,339

Cost or valuation at 31st March 2022 is represented by:

Other
investment
£   
Valuation in 2022 819,688

If listed investments had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 200,607 200,607

Listed investments were valued on an open market basis on 31st March 2022 by Charles Stanley & Co. Ltd .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2021 3,032,200
Revaluations 50,125
At 31st March 2022 3,082,325
NET BOOK VALUE
At 31st March 2022 3,082,325
At 31st March 2021 3,032,200

Fair value at 31st March 2022 is represented by:
£   
Valuation in 2022 3,082,325

OGDENS (BRIGHTON) LIMITED (REGISTERED NUMBER: 00357794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2022

6. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 618,724 618,724

Investment properties were valued on an open market basis on 31st March 2022 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 31,881 26,373
Other debtors 24,878 24,778
56,759 51,151

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 32,494 31,589
Taxation and social security 14,688 11,021
Other creditors 14,391 13,855
61,573 56,465

9. RESERVES
Fair
value
reserve
£   
At 1st April 2021 2,463,631
Revaluations in year 119,473
Deferred tax adjustment (22,673 )

At 31st March 2022 2,560,431

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors and members of their family were paid dividends totalling £32,000 (2021: £35,000)

11. ULTIMATE CONTROLLING PARTY

The company was under the control of the Ogden family throughout the current and previous year.