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REGISTERED NUMBER: 01119611 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 June 2023

for

Bronforest Limited

Bronforest Limited (Registered number: 01119611)

Contents of the Financial Statements
For The Year Ended 30 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bronforest Limited

Company Information
For The Year Ended 30 June 2023







DIRECTORS: Mr M B Holt
Mrs C K Roberts
Mr J R Holt





SECRETARY: Mr M B Holt





REGISTERED OFFICE: Lonkhills Farm
Ashby Road
Thorpe Constantine
Tamworth
B79 0BL





REGISTERED NUMBER: 01119611 (England and Wales)





ACCOUNTANTS: Harris & Clarke LLP
7 Billing Road
Northampton
NORTHAMPTONSHIRE
NN1 5AN

Bronforest Limited (Registered number: 01119611)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2,719 4,695
Investment property 5 1,525,000 1,525,000
1,527,719 1,529,695

CURRENT ASSETS
Debtors 6 27,438 16,386
Cash at bank 76,214 105,297
103,652 121,683
CREDITORS
Amounts falling due within one year 7 52,034 54,070
NET CURRENT ASSETS 51,618 67,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,579,337

1,597,308

Bronforest Limited (Registered number: 01119611)

Balance Sheet - continued
30 June 2023

2023 2022
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 300 300
Property revaluation reserve 8 218,543 218,543
Retained earnings 1,360,494 1,378,465
1,579,337 1,597,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





Mrs C K Roberts - Director


Bronforest Limited (Registered number: 01119611)

Notes to the Financial Statements
For The Year Ended 30 June 2023


1. STATUTORY INFORMATION

Bronforest 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable and other charges to tenants excluding value added tax.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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.

Listed investments
Listed investments are carried at fair value derived from current market prices at year end. Changes in fair value are recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

Bronforest Limited (Registered number: 01119611)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023


4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 July 2022 4,695
Revaluations (1,976 )
At 30 June 2023 2,719
NET BOOK VALUE
At 30 June 2023 2,719
At 30 June 2022 4,695

Cost or valuation at 30 June 2023 is represented by:

Other
investments
£   
Valuation in 2023 2,719

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 1,525,000
NET BOOK VALUE
At 30 June 2023 1,525,000
At 30 June 2022 1,525,000

There has been no valuation of investment property by an independent valuer.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 962 14,212
Other debtors 26,476 2,174
27,438 16,386

Bronforest Limited (Registered number: 01119611)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,294 187
Taxation and social security 26,108 31,545
Other creditors 17,632 22,338
52,034 54,070

8. RESERVES
Property
revaluation
reserve
£   
At 1 July 2022
and 30 June 2023 218,543