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REGISTERED NUMBER: 09640508 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr D L Brooks
Mr O J Brooks
Mrs P L Brooks



REGISTERED OFFICE: The Old Sawmill
New Mill Bank
Bolsterstone
Sheffield
South Yorkshire
S36 3ZG



REGISTERED NUMBER: 09640508 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: National Westminster Bank
5 Market Place
Chesterfield
Derbyshire
S40 1TW

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 105,923 101,644
Investments 5 779,312 758,613
Investment property 6 3,608,117 3,076,702
4,493,352 3,936,959

CURRENT ASSETS
Debtors 7 2,629,887 2,356,250
Cash at bank 378,647 1,705,654
3,008,534 4,061,904
CREDITORS
Amounts falling due within one year 8 181,045 170,690
NET CURRENT ASSETS 2,827,489 3,891,214
TOTAL ASSETS LESS CURRENT LIABILITIES 7,320,841 7,828,173

CREDITORS
Amounts falling due after more than
one year

9

(492,717

)

(971,623

)

PROVISIONS FOR LIABILITIES (5,899 ) (5,899 )
NET ASSETS 6,822,225 6,850,651

CAPITAL AND RESERVES
Called up share capital 10 750 750
Share premium 6,152,922 6,152,922
Retained earnings 668,553 696,979
SHAREHOLDERS' FUNDS 6,822,225 6,850,651

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)

BALANCE SHEET - continued
28 FEBRUARY 2023


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.

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 27 November 2023 and were signed on its behalf by:





Mr O J Brooks - Director


BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)

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

1. STATUTORY INFORMATION

Brooks Brothers and Sons Developments 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Brooks Brothers and Sons Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
No judgements have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
When the outcome of a transaction can be estimated reliably, turnover from holiday property rentals is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to contractual obligations fulfilled.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.



Revenue grants
Grants which are received for compensation for expenses or losses which have already been incurred are recognisable in income when the grant is received or receivable

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Fixed assets under construction are recorded at the actual cost incurred for the construction.

Costs include all expenditure incurred for construction projects. A fixed asset under construction is transferred to investment properties when it has reached the working condition for its intended use. No depreciation is provided for fixed assets under construction.

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.

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through the profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 March 2022 91,662 80,469 172,131
Additions 11,588 25,800 37,388
At 28 February 2023 103,250 106,269 209,519
DEPRECIATION
At 1 March 2022 60,156 10,331 70,487
Charge for year 9,679 23,430 33,109
At 28 February 2023 69,835 33,761 103,596
NET BOOK VALUE
At 28 February 2023 33,415 72,508 105,923
At 28 February 2022 31,506 70,138 101,644

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2022 758,613
Revaluations 20,699
At 28 February 2023 779,312
NET BOOK VALUE
At 28 February 2023 779,312
At 28 February 2022 758,613

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)

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

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 28 February 2023 is represented by:

Other
investments
£   
Valuation in 2022 779,312

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 3,076,702
Additions 531,415
At 28 February 2023 3,608,117
NET BOOK VALUE
At 28 February 2023 3,608,117
At 28 February 2022 3,076,702

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade debtors 1,945 -
Other debtors 2,614,101 2,332,841
VAT - 52
Prepayments and accrued income 13,841 23,357
2,629,887 2,356,250

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 15,200 15,200
Trade creditors 14,166 11,668
Corporation tax - 140
Social security and other taxes 1,860 826
VAT 2,485 -
Other creditors 132 121
Directors' current accounts 111,978 112,058
Accruals and deferred income 35,224 30,677
181,045 170,690

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£    £   
Hire purchase contracts 7,600 22,800
Directors' loan accounts 485,117 948,823
492,717 971,623

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
48,749 A Ordinary 1p 487 487
3,750 B Ordinary 1p 37 37
3,750 C Ordinary 1p 37 37
18,750 D Ordinary 1p 188 188
1 E Ordinary 1p 1 1
750 750