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Registration number: 03673261

Brantingham Property Services Limited

Unaudited Filleted Financial Statements

for the Period from 1 November 2022 to 31 January 2024

 

Brantingham Property Services Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 11

 

Brantingham Property Services Limited

Company Information

Director

Mr Edward Charles Herbert Wright

Registered office

176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

Accountants

Thorntons
Chartered Certified Accountants
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

 

Brantingham Property Services Limited

(Registration number: 03673261)
Balance Sheet as at 31 January 2024

Note

2024
£

2022
£

Fixed assets

 

Tangible assets

4

-

1,762,625

Investments

5

91

91

 

91

1,762,716

Current assets

 

Debtors

6

904,855

1,152,015

Cash at bank and in hand

 

1,052,490

1,013,752

 

1,957,345

2,165,767

Creditors: Amounts falling due within one year

7

(65,502)

(279,048)

Net current assets

 

1,891,843

1,886,719

Total assets less current liabilities

 

1,891,934

3,649,435

Creditors: Amounts falling due after more than one year

7

-

(2,828,227)

Net assets

 

1,891,934

821,208

Capital and reserves

 

Called up share capital

8

2,000

2,000

Revaluation reserve

-

448,946

Retained earnings

1,889,934

370,262

Shareholders' funds

 

1,891,934

821,208

For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

 

Brantingham Property Services Limited

(Registration number: 03673261)
Balance Sheet as at 31 January 2024

Approved and authorised by the director on 1 March 2024
 

.........................................
Mr Edward Charles Herbert Wright
Director

 

Brantingham Property Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

The principal place of business is:
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

These financial statements were authorised for issue by the director on 1 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Brantingham Property Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 January 2024

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% reducing balance basis

Office equipment

25% on cost

Motor vehicles

25% on cost

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

 

Brantingham Property Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 January 2024

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

 

Brantingham Property Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 January 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1 (2022 - 1).

4

Tangible assets

Land and buildings
£

Other investments
£

Total
£

Cost or valuation

At 1 November 2022

1,697,000

65,625

1,762,625

Additions

1,535,301

-

1,535,301

Disposals

(3,232,301)

(65,625)

(3,297,926)

At 31 January 2024

-

-

-

Depreciation

Carrying amount

At 31 January 2024

-

-

-

At 31 October 2022

1,697,000

65,625

1,762,625

Included within the net book value of land and buildings above is £ (2022 - £1,697,000) in respect of freehold land and buildings.
 

5

Investments

2024
£

2022
£

Investments in subsidiaries

91

91

 

Brantingham Property Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 January 2024

Subsidiaries

£

Cost or valuation

At 1 November 2022

91

Provision

Carrying amount

At 31 January 2024

91

At 31 October 2022

91

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2024

2022

Subsidiary undertakings

Well Meadow Town Houses Ltd

176-178 Pontefract Road
Cudworth
Barnsley
S72 8BE

U.K

Ordinary shares

100%

100%

Brantingham Homes Ltd

176-178 Pontefract Road
Cudworth
Barnsley
S72 8BE

U.K

Ordinary shares

90%

90%

Subsidiary undertakings

Well Meadow Town Houses Ltd

The principal activity of Well Meadow Town Houses Ltd is Letting of residential property.

Brantingham Homes Ltd

The principal activity of Brantingham Homes Ltd is Property development.

 

Brantingham Property Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 January 2024

6

debtors

Note

2024
£

2022
£

Amounts owed by related parties

-

1,144,668

Other debtors

 

904,855

7,347

 

904,855

1,152,015

 

Brantingham Property Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 January 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2022
£

Due within one year

 

Trade creditors

 

-

2,076

Amounts owed to group undertakings and undertakings in which the company has a participating interest

90

-

Taxation and social security

 

57,252

-

Accruals and deferred income

 

8,160

4,320

Other creditors

 

-

272,652

 

65,502

279,048

Creditors: amounts falling due after more than one year

Note

2024
£

2022
£

Due after one year

 

Loans and borrowings

10

-

2,828,227

8

Share capital

Allotted, called up and fully paid shares

 

2024

2022

 

No.

£

No.

£

Ordinary of £1 each

2,000

2,000

2,000

2,000

         

9

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current period were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

(448,946)

(448,946)

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

 

Brantingham Property Services Limited

Notes to the Unaudited Financial Statements for the Period from 1 November 2022 to 31 January 2024

Revaluation reserve
£

Total
£

Surplus/deficit on property, plant and equipment revaluation

104,820

104,820

10

Loans and borrowings

2024
£

2022
£

Non-current loans and borrowings

Bank borrowings

-

2,828,227

11

Dividends

Interim dividends paid

   

2024
£

 

2022
£

Interim dividend of £Nil per each Ordinary

 

-

 

-