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REGISTERED NUMBER: 00357794 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023

FOR

OGDENS (BRIGHTON) LIMITED

OGDENS (BRIGHTON) LIMITED (REGISTERED NUMBER: 00357794)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


OGDENS (BRIGHTON) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







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 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 316 422
Investments 5 811,229 819,688
Investment property 6 3,250,480 3,082,325
4,062,025 3,902,435

CURRENT ASSETS
Debtors 7 65,705 56,759
Cash at bank 483,887 427,807
549,592 484,566
CREDITORS
Amounts falling due within one year 8 61,618 61,573
NET CURRENT ASSETS 487,974 422,993
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,549,999

4,325,428

PROVISIONS FOR LIABILITIES 552,761 522,253
NET ASSETS 3,997,238 3,803,175

CAPITAL AND RESERVES
Called up share capital 20,000 20,000
Fair value reserve 9 2,690,912 2,560,431
Retained earnings 1,286,326 1,222,744
SHAREHOLDERS' FUNDS 3,997,238 3,803,175

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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.

OGDENS (BRIGHTON) LIMITED (REGISTERED NUMBER: 00357794)

BALANCE SHEET - continued
31ST MARCH 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 11th November 2023 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 2023

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.

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.

OGDENS (BRIGHTON) LIMITED (REGISTERED NUMBER: 00357794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

2. ACCOUNTING POLICIES - continued

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 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1st April 2022
and 31st March 2023 15,069
DEPRECIATION
At 1st April 2022 14,647
Charge for year 106
At 31st March 2023 14,753
NET BOOK VALUE
At 31st March 2023 316
At 31st March 2022 422

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st April 2022 819,688
Disposals (1,326 )
Revaluations (7,133 )
At 31st March 2023 811,229
NET BOOK VALUE
At 31st March 2023 811,229
At 31st March 2022 819,688

OGDENS (BRIGHTON) LIMITED (REGISTERED NUMBER: 00357794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31st March 2023 is represented by:

Other
investments
£   
Valuation in 2023 611,917
Cost 199,312
811,229

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

2023 2022
£    £   
Cost 199,312 200,607

Listed investments were valued on an open market basis on 31st March 2023 by Charles Stanley & Co. Ltd .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022 3,082,325
Revaluations 168,155
At 31st March 2023 3,250,480
NET BOOK VALUE
At 31st March 2023 3,250,480
At 31st March 2022 3,082,325

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2023 2,631,756
Cost 618,724
3,250,480

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

2023 2022
£    £   
Cost 618,724 618,724

Investment properties were valued on an open market basis on 31st March 2023 by the directors .

OGDENS (BRIGHTON) LIMITED (REGISTERED NUMBER: 00357794)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 40,727 31,881
Other debtors 24,978 24,878
65,705 56,759

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 32,762 32,494
Taxation and social security 14,325 14,688
Other creditors 14,531 14,391
61,618 61,573

9. RESERVES
Fair
value
reserve
£   
At 1st April 2022 2,560,431
Revaluations in year 160,989
Deferred tax adjustment (30,508 )

At 31st March 2023 2,690,912

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors and members of their family were paid dividends totalling £35,000 (2022: £32,000)

11. ULTIMATE CONTROLLING PARTY

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