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COMPANY REGISTRATION NUMBER: 12287805
Brocklehurst Holdings Ltd
Filleted Unaudited Financial Statements
30 April 2022
Brocklehurst Holdings Ltd
Accountants Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Brocklehurst Holdings Ltd
Year ended 30 April 2022
As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 30 April 2022, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
BURLINSON SHAW & CO Accountants
21 Henrietta Street Batley West Yorkshire WF17 5DN
19 July 2022
Brocklehurst Holdings Ltd
Statement of Financial Position
30 April 2022
2022
2021
Note
£
£
Fixed assets
Investments
4
4,014,500
4,014,500
Current assets
Cash at bank and in hand
815,659
370,487
Creditors: amounts falling due within one year
5
1,089,100
694,599
------------
---------
Net current liabilities
273,441
324,112
------------
------------
Total assets less current liabilities
3,741,059
3,690,388
Creditors: amounts falling due after more than one year
6
3,218,445
3,420,963
------------
------------
Net assets
522,614
269,425
------------
------------
Capital and reserves
Profit and loss account
522,614
269,425
---------
---------
Shareholder funds
522,614
269,425
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 July 2022 , and are signed on behalf of the board by:
DA Webster
Director
Company registration number: 12287805
Brocklehurst Holdings Ltd
Notes to the Financial Statements
Year ended 30 April 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Goods Lane off Railway Street, Dewsbury, West Yorkshire, WF12 8DZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
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.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments
Shares in group undertakings
£
Cost
At 1 May 2021 and 30 April 2022
4,014,500
------------
Impairment
At 1 May 2021 and 30 April 2022
------------
Carrying amount
At 30 April 2022
4,014,500
------------
At 30 April 2021
4,014,500
------------
The investments represent a holding of 100% of the ordinary share capital of the subsidiary company, G Brocklehurst Transport Limited, a company registered in England.
5. Creditors: amounts falling due within one year
2022
2021
£
£
Bank loans and overdrafts
150,518
144,477
Amounts owed to group undertakings and undertakings in which the company has a participating interest
811,697
365,000
Loan notes
52,000
52,000
Other creditors
74,885
133,122
------------
---------
1,089,100
694,599
------------
---------
The bank borrowing and the loan notes are secured by a guarantee given by the subsidiary company and a fixed and floating charge on the assets of that company.
6. Creditors: amounts falling due after more than one year
2022
2021
£
£
Bank loans and overdrafts
2,296,445
2,446,963
Loan notes
922,000
974,000
------------
------------
3,218,445
3,420,963
------------
------------
The bank borrowing and the loan notes are secured by a guarantee given by the subsidiary company and a fixed and floating charge on the assets of that company.