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REGISTERED NUMBER: 01555488 (England and Wales)














BRYONG LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






BRYONG LIMITED (REGISTERED NUMBER: 01555488)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 8


BRYONG LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Dr P J Bryden
Dr M K Y Bryden





SECRETARY: Dr M K Y Bryden





REGISTERED OFFICE: 32 Brunel Road
St Leonards on Sea
East Sussex
TN38 9RT





REGISTERED NUMBER: 01555488 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
Rye
East Sussex
TN31 7LJ

BRYONG LIMITED (REGISTERED NUMBER: 01555488)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,767 6,771
Investments 5 53,446 54,824
Investment property 6 153,207 153,207
213,420 214,802

CURRENT ASSETS
Debtors 7 127,604 127,604
Cash at bank 3,594 220
131,198 127,824
CREDITORS
Amounts falling due within one year 8 6,851 5,943
NET CURRENT ASSETS 124,347 121,881
TOTAL ASSETS LESS CURRENT
LIABILITIES

337,767

336,683

PROVISIONS FOR LIABILITIES 11,769 12,032
NET ASSETS 325,998 324,651

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 56,573 56,573
Retained earnings 269,325 267,978
SHAREHOLDERS' FUNDS 325,998 324,651

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

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

BRYONG LIMITED (REGISTERED NUMBER: 01555488)

BALANCE SHEET - continued
31 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 24 October 2023 and were signed on its behalf by:





Dr P J Bryden - Director


BRYONG LIMITED (REGISTERED NUMBER: 01555488)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

Bryong 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.

TURNOVER
Turnover represents invoiced sales of services and property rental income.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Investment property - not provided
Fixtures and fittings - 10% on reducing balance
Computer equipment - 33% on cost

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.

FOREIGN CURRENCIES
Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction unless a conversion rate has been agreed between the parties in which case transactions are recorded at the agreed rate. Where there is no agreed rate in force, assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Exchange differences are taken into account in arriving at the operating result.

BRYONG LIMITED (REGISTERED NUMBER: 01555488)

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


2. ACCOUNTING POLICIES - continued

INVESTMENT PROPERTY
Investment properties are held at fair value as required by FRS102 1A. All properties will be reviewed annually by the directors and any changes in fair value will be recognised through the profit and loss account. The net movement in fair value, after providing for deferred tax, will then be transferred to the fair value reserve.

Investment in associates
Investments in associate undertakings are recognised at cost.

Other investments
Other investments include listed and unlisted shares as well as other investments held for capital appreciation. These items will be separately accounted for as follows:

Listed investments

Listed investments are held at their current fair value as required by FRS102 1A. Any gains or losses will be recognised through the profit and loss account. Any net gain, after providing for deferred tax, will then be transferred to the fair value reserve.

Unlisted investments

Investments are included at cost, unless in the opinion of the directors there has been a permanent diminution in value, in which case an appropriate adjustment is made.

Other investments held for capital appreciation

These assets are held at fair value as it is expected that there value will increase over time. All items will be reviewed annually by the directors and any changes in fair value will be recognised through the profit and loss account. The net movement in fair value, after providing for deferred tax, will then be transferred to the fair value reserve.

Investment income
Investment income comprises dividends received during the accounting period and interest receivable on listed and unlisted investments.

FAIR VALUE RESERVE
The fair value reserve represents the increase in value of listed investments, investments properties and other assets held for capital appreciation, net of the relevant deferred tax provision. As these changes in value have been recognised in the profit and loss account, a reserves transfer is made to correctly state the fair value reserve.

3. EMPLOYEES AND DIRECTORS

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

BRYONG LIMITED (REGISTERED NUMBER: 01555488)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Investment and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022
and 31 March 2023 6,728 411 1,117 8,256
DEPRECIATION
At 1 April 2022 - 368 1,117 1,485
Charge for year - 4 - 4
At 31 March 2023 - 372 1,117 1,489
NET BOOK VALUE
At 31 March 2023 6,728 39 - 6,767
At 31 March 2022 6,728 43 - 6,771

5. FIXED ASSET INVESTMENTS
Interest
in Other
associate investments Totals
£    £    £   
COST OR VALUATION
At 1 April 2022 19,118 35,706 54,824
Disposals - (1,295 ) (1,295 )
Revaluations - (83 ) (83 )
At 31 March 2023 19,118 34,328 53,446
NET BOOK VALUE
At 31 March 2023 19,118 34,328 53,446
At 31 March 2022 19,118 35,706 54,824

Other Investments are made up as follows



Listed
Investments
Unlisted
Investments
Other
Investments

Total

Valuations b/fwd (515 ) - (6,048 ) (6,563
Valuation in 2023 (407) - - (407 )
Disposals in 2023 (970) (970 )
Cost 1,970 1,250 39,048 42,268
78 1,250 33,000 34,328

BRYONG LIMITED (REGISTERED NUMBER: 01555488)

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


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 153,207
NET BOOK VALUE
At 31 March 2023 153,207
At 31 March 2022 153,207

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2013 26,843
Valuation in 2016 43,000
Cost 83,364
153,207

7. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Other debtors 60,000 60,000

Amounts falling due after more than one year:
Other debtors 67,604 67,604

Aggregate amounts 127,604 127,604

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,006 -
Other creditors 5,845 5,943
6,851 5,943

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 April 2022
and 31 March 2023 56,573

BRYONG LIMITED (REGISTERED NUMBER: 01555488)

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


11. RELATED PARTY DISCLOSURES

An amount of £127,603 (2022: £127,603) shown as other debtors is owed from SCI Bryong European Limited at 31 March 2023. Bryong Limited owns 20% of the company's shareholding, with 80% of SCI Bryong European Limited owned by the directors of Bryong Limited.