Registered number
03560623
BRACKTON LIMITED
Filleted Accounts
30 September 2023
BRACKTON LIMITED
Registered number: 03560623
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 21,840 25,693
Investments 4 5,690,944 5,690,944
5,712,784 5,716,637
Current assets
Debtors 5 705,227 407,422
Cash at bank and in hand 198,147 150,591
903,374 558,013
Creditors: amounts falling due within one year 6 (188,056) (160,180)
Net current assets 715,318 397,833
Total assets less current liabilities 6,428,102 6,114,470
Creditors: amounts falling due after more than one year 7 (626,514) (695,661)
Net assets 5,801,588 5,418,809
Capital and reserves
Called up share capital 2 2
Revaluation reserve 8 1,969,273 1,969,273
Profit and loss account 3,832,313 3,449,534
Shareholders' funds 5,801,588 5,418,809
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MICHAEL GEORGIOU
Director
Approved by the board on 9 January 2024
BRACKTON LIMITED
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not provided
Plant and machinery 15% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 80,138
At 30 September 2023 80,138
Depreciation
At 1 October 2022 54,445
Charge for the year 3,853
At 30 September 2023 58,298
Net book value
At 30 September 2023 21,840
At 30 September 2022 25,693
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 October 2022 30,000 5,660,944 5,690,944
At 30 September 2023 30,000 5,660,944 5,690,944
The company holds 100% of the shares in Kevan Ltd a company incorporated in the UK
5 Debtors 2023 2022
£ £
Trade debtors 86,601 42,450
Amounts owed by group undertakings and undertakings in which the company has a participating interest 614,784 359,216
Other debtors 3,842 5,756
705,227 407,422
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,973 1,598
Taxation and social security costs 110,095 91,999
Other creditors 74,988 66,583
188,056 160,180
7 Creditors: amounts falling due after one year 2023 2022
£ £
Other creditors 626,514 695,661
8 Revaluation reserve 2023 2022
£ £
At 1 October 2022 1,969,273 1,969,273
At 30 September 2023 1,969,273 1,969,273
9 Other information
BRACKTON LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
FIRST FLOOR
10 HAMPDEN SQUARE
LONDON
N14 5JR
BRACKTON LIMITED 03560623 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts April 2022 MICHAEL GEORGIOU No description of principal activity 03560623 2021-10-01 2022-09-30 03560623 core:WithinOneYear 2022-09-30 03560623 core:AfterOneYear 2022-09-30 03560623 core:ShareCapital 2022-09-30 03560623 core:OtherReservesSubtotal 2022-09-30 03560623 core:RetainedEarningsAccumulatedLosses 2022-09-30 03560623 core:RevaluationReserve 2021-09-30 03560623 2022-10-01 2023-09-30 03560623 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 03560623 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 03560623 bus:Director40 2022-10-01 2023-09-30 03560623 1 2022-10-01 2023-09-30 03560623 2 2022-10-01 2023-09-30 03560623 core:PlantMachinery 2022-10-01 2023-09-30 03560623 countries:England 2022-10-01 2023-09-30 03560623 bus:FRS102 2022-10-01 2023-09-30 03560623 bus:FullAccounts 2022-10-01 2023-09-30 03560623 2023-09-30 03560623 core:WithinOneYear 2023-09-30 03560623 core:AfterOneYear 2023-09-30 03560623 core:ShareCapital 2023-09-30 03560623 core:OtherReservesSubtotal 2023-09-30 03560623 core:RetainedEarningsAccumulatedLosses 2023-09-30 03560623 core:PlantMachinery 2023-09-30 03560623 core:RevaluationReserve 2023-09-30 03560623 2022-09-30 03560623 core:PlantMachinery 2022-09-30 03560623 core:RevaluationReserve 2022-09-30 iso4217:GBP xbrli:pure