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REGISTERED NUMBER: 02720055 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BRETSURE LIMITED

BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

STATEMENT OF FINANCIAL POSITION
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 442,836 483,037
Investment property 5 3,260,000 3,260,000
3,702,836 3,743,037

CURRENT ASSETS
Debtors 6 146,023 81,620
Cash at bank 137,580 141,354
283,603 222,974
CREDITORS
Amounts falling due within one year 7 108,676 96,290
NET CURRENT ASSETS 174,927 126,684
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,877,763

3,869,721

CREDITORS
Amounts falling due after more than one
year

8

-

(54,960

)

PROVISIONS FOR LIABILITIES (390,208 ) (397,846 )
NET ASSETS 3,487,555 3,416,915

CAPITAL AND RESERVES
Called up share capital 9 30,000 30,000
Non-distributable reserves 2,167,742 2,167,742
Fair value reserve 10 (29,331 ) 3,232
Retained earnings 1,319,144 1,215,941
SHAREHOLDERS' FUNDS 3,487,555 3,416,915

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

STATEMENT OF FINANCIAL POSITION - continued
28 FEBRUARY 2023


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 12 October 2023 and were signed on its behalf by:





T Robinson - Director


BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Bretsure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02720055

Registered office: 1 Malvern Road
Aylesbury
Buckinghamshire
HP20 1QF

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in subsidiaries
Investments in subsidiary 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.

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 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.

BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 March 2022 2 483,035 483,037
Impairments - (40,201 ) (40,201 )
At 28 February 2023 2 442,834 442,836
NET BOOK VALUE
At 28 February 2023 2 442,834 442,836
At 28 February 2022 2 483,035 483,037

Cost or valuation at 28 February 2023 is represented by:

Shares in
group Listed
undertakings investments Totals
£    £    £   
Valuation in 2018 - 93,708 93,708
Valuation in 2019 - (23,782 ) (23,782 )
Valuation in 2020 - (3,961 ) (3,961 )
Valuation in 2021 - (14,748 ) (14,748 )
Valuation in 2022 - (47,227 ) (47,227 )
Valuation in 2023 - (40,201 ) (40,201 )
Cost 2 479,045 479,047
2 442,834 442,836

The Company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Candent Ltd
Registered office: UK
Nature of business: properties management
%
Class of shares: holding
Ordinary 100.00

BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 3,260,000
NET BOOK VALUE
At 28 February 2023 3,260,000
At 28 February 2022 3,260,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2004 60,543
Valuation in 2018 1,279,287
Valuation in 2020 500,000
Valuation in 2021 725,000
Cost 695,170
3,260,000

6. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 85,629 81,620

Amounts falling due after more than one year:
Other debtors 60,394 -

Aggregate amounts 146,023 81,620

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 200 -
Taxation and social security 12,432 -
Other creditors 96,044 96,290
108,676 96,290

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors - 54,960

BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
30,000 Ordinary £1 30,000 30,000

10. RESERVES
Fair
value
reserve
£   
At 1 March 2022 3,232
Transfer (32,563 )

At 28 February 2023 (29,331 )

Specific non-distributable reserves have been set up to record the reserves on the revaluation of the property.

The fair value reserves represent the reserves on the fixed assets investments.

11. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

20232022
£   £   
Amounts owed by/(to) T Robinson (Director)(60,703)(60,632)

Included in other debtors is the amount of £70,981 (2022: £69,548) owed by the connected undertakings to the company.

The company received £Nil rent from the subsidiary (2022: £5,000).
The company received £Nil rent from the connected undertakings (2022: £4,000).

The controlling party is J E Laming.