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REGISTERED NUMBER: 04517523 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Brackenborough Limited

Brackenborough Limited (Registered number: 04517523)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brackenborough Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: A R Lidgard





REGISTERED OFFICE: c/o The Brackenborough Hotel
Cordeaux Corner
Louth
Lincolnshire
LN11 0SZ





REGISTERED NUMBER: 04517523 (England and Wales)






Brackenborough Limited (Registered number: 04517523)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,250 4,750
Tangible assets 5 5,141,430 3,411,869
5,145,680 3,416,619

CURRENT ASSETS
Stocks 320,967 20,586
Debtors 6 1,023,286 159,439
Cash at bank and in hand 225,353 146,237
1,569,606 326,262
CREDITORS
Amounts falling due within one year 7 1,181,261 3,184,255
NET CURRENT ASSETS/(LIABILITIES) 388,345 (2,857,993 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,534,025

558,626

CREDITORS
Amounts falling due after more than one
year

8

(4,179,706

)

(198,135

)

PROVISIONS FOR LIABILITIES (44,415 ) (21,298 )
NET ASSETS 1,309,904 339,193

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 1,309,898 339,187
SHAREHOLDERS' FUNDS 1,309,904 339,193

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Brackenborough Limited (Registered number: 04517523)

Balance Sheet - continued
31 July 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 director and authorised for issue on 27 March 2024 and were signed by:





A R Lidgard - Director


Brackenborough Limited (Registered number: 04517523)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Brackenborough 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises revenue recognised by the company during the year, in respect of goods and services that are common to hotels and their related activities, exclusive of Value Added Tax and trade discounts.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - not provided
Plant and machinery etc - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


Brackenborough Limited (Registered number: 04517523)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 49 (2022 - 48 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2022
and 31 July 2023 5,000
AMORTISATION
At 1 August 2022 250
Charge for year 500
At 31 July 2023 750
NET BOOK VALUE
At 31 July 2023 4,250
At 31 July 2022 4,750

Brackenborough Limited (Registered number: 04517523)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 August 2022 3,170,287 1,724,842 4,895,129
Additions 2,689,387 105,883 2,795,270
Disposals (745,868 ) (138,329 ) (884,197 )
At 31 July 2023 5,113,806 1,692,396 6,806,202
DEPRECIATION
At 1 August 2022 87,669 1,395,591 1,483,260
Charge for year 183,588 70,897 254,485
Eliminated on disposal - (72,973 ) (72,973 )
At 31 July 2023 271,257 1,393,515 1,664,772
NET BOOK VALUE
At 31 July 2023 4,842,549 298,881 5,141,430
At 31 July 2022 3,082,618 329,251 3,411,869

Land and buildings with a cost of £2,373,681 (2022: £3,170,287) and a net book value of £2,286,012 (2022: £3,082,618) are not being depreciated, this is a departure from FRS 102.

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 57,190
At 31 July 2023 57,190
DEPRECIATION
Charge for year 11,327
At 31 July 2023 11,327
NET BOOK VALUE
At 31 July 2023 45,863

6. DEBTORS
31.7.23 31.7.22
£    £   
Amounts falling due within one year:
Trade debtors 142,978 140,724
Other debtors 60,657 18,715
203,635 159,439

Brackenborough Limited (Registered number: 04517523)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. DEBTORS - continued
31.7.23 31.7.22
£    £   
Amounts falling due after more than one year:
Amounts owed by group undertakings 819,651 -

Aggregate amounts 1,023,286 159,439

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 11,438 -
Trade creditors 733,224 272,937
Amounts owed to group undertakings - 2,546,781
Taxation and social security 43,736 82,747
Other creditors 392,863 281,790
1,181,261 3,184,255

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Hire purchase contracts 37,644 -
Amounts owed to group undertakings 3,929,836 -
Other creditors 212,226 198,135
4,179,706 198,135

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Hire purchase contracts 49,082 -

Net obligations under hire purchase contracts are secured on the assets being acquired.

10. RELATED PARTY DISCLOSURES

At the year end, the related party balances were:
31.7.23 31.7.22
£ £
Balance owed to related parties at the year end 28,638 78,203

The related party is a company of which the director is also a director of.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Oak Ridge Hotels Limited.

The ultimate controlling party is A R Lidgard.