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Company Registration No. 12646037 (England and Wales)
Brackendale Properties Ltd Unaudited accounts for the year ended 30 June 2023
Brackendale Properties Ltd Company Information for the year ended 30 June 2023
Directors
Catherine Bennett Roy Bennett
Company Number
12646037 (England and Wales)
Accountants
Serena Bowe FCCA MyFiscal Limited North Hatley, Halls Lane Waltham St Lawrence Reading RG10 0JB
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Brackendale Properties Ltd Statement of financial position as at 30 June 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
716 
670 
Investment property
955,000 
305,000 
955,716 
305,670 
Current assets
Debtors
4,229 
5,208 
Cash at bank and in hand
5,575 
5,766 
9,804 
10,974 
Creditors: amounts falling due within one year
(319,919)
(109,434)
Net current liabilities
(310,115)
(98,460)
Total assets less current liabilities
645,601 
207,210 
Creditors: amounts falling due after more than one year
(674,975)
(213,750)
Net liabilities
(29,374)
(6,540)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
(29,378)
(6,544)
Shareholders' funds
(29,374)
(6,540)
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 November 2023 and were signed on its behalf by
Catherine Bennett Director Company Registration No. 12646037
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Brackendale Properties Ltd Notes to the Accounts for the year ended 30 June 2023
1
Statutory information
Brackendale Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12646037.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Plant & Machinery - 20% Reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to support the company.
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Brackendale Properties Ltd Notes to the Accounts for the year ended 30 June 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 July 2022
894 
Additions
225 
At 30 June 2023
1,119 
Depreciation
At 1 July 2022
224 
Charge for the year
179 
At 30 June 2023
403 
Net book value
At 30 June 2023
716 
At 30 June 2022
670 
5
Investment property
2023 
£ 
Fair value at 1 July 2022
305,000 
Additions
662,011 
Net loss from fair value adjustments
(12,011)
At 30 June 2023
955,000 
Investment properties comprises freehold properties. The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties,
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Deferred tax asset
3,346 
1,007 
Other debtors
883 
4,201 
4,229 
5,208 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
- 
2,500 
Other creditors
6,634 
2,265 
Loans from directors
308,551 
102,913 
Accruals
4,734 
1,756 
319,919 
109,434 
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Brackendale Properties Ltd Notes to the Accounts for the year ended 30 June 2023
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
674,975 
213,750 
Aggregate of amounts that fall due for payment after five years
674,975 
213,750 
The long term loans are secured by a fixed charge over the investment properties.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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