IRIS Accounts Production v24.1.9.2 11979590 Board of Directors 1.6.23 31.5.24 31.5.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh119795902023-05-31119795902024-05-31119795902023-06-012024-05-31119795902022-05-31119795902022-06-012023-05-31119795902023-05-3111979590ns15:EnglandWales2023-06-012024-05-3111979590ns14:PoundSterling2023-06-012024-05-3111979590ns10:Director12023-06-012024-05-3111979590ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3111979590ns10:SmallEntities2023-06-012024-05-3111979590ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3111979590ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3111979590ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3111979590ns10:FullAccounts2023-06-012024-05-3111979590ns10:Director22023-06-012024-05-3111979590ns10:RegisteredOffice2023-06-012024-05-3111979590ns5:CurrentFinancialInstruments2024-05-3111979590ns5:CurrentFinancialInstruments2023-05-3111979590ns5:Non-currentFinancialInstruments2024-05-3111979590ns5:Non-currentFinancialInstruments2023-05-3111979590ns5:ShareCapital2024-05-3111979590ns5:ShareCapital2023-05-3111979590ns5:FurtherSpecificReserve3ComponentTotalEquity2024-05-3111979590ns5:FurtherSpecificReserve3ComponentTotalEquity2023-05-3111979590ns5:RetainedEarningsAccumulatedLosses2024-05-3111979590ns5:RetainedEarningsAccumulatedLosses2023-05-3111979590ns5:FurnitureFittings2023-06-012024-05-3111979590ns5:LandBuildings2023-05-3111979590ns5:FurnitureFittings2023-05-3111979590ns5:LandBuildings2023-06-012024-05-3111979590ns5:LandBuildings2024-05-3111979590ns5:FurnitureFittings2024-05-3111979590ns5:LandBuildings2023-05-3111979590ns5:FurnitureFittings2023-05-3111979590ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3111979590ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-3111979590ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-05-3111979590ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-05-3111979590ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-05-3111979590ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-05-3111979590ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2024-05-3111979590ns5:Non-currentFinancialInstrumentsns5:MoreThanFiveYears2023-05-31
REGISTERED NUMBER: 11979590 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Briardene Assets Limited

Briardene Assets Limited (Registered number: 11979590)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Briardene Assets Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: A J Hookway
R Berry





REGISTERED OFFICE: Synergy House
Heavens Walk
Doncaster
DN4 5HZ





REGISTERED NUMBER: 11979590 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

Briardene Assets Limited (Registered number: 11979590)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 213,970 200,294

CURRENT ASSETS
Stocks 167,218 -
Debtors 4 736 1,360
Cash at bank 19,324 23,196
187,278 24,556
CREDITORS
Amounts falling due within one year 5 (109,816 ) (27,793 )
NET CURRENT ASSETS/(LIABILITIES) 77,462 (3,237 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,432

197,057

CREDITORS
Amounts falling due after more than one year 6 (245,909 ) (162,289 )

PROVISIONS FOR LIABILITIES (7,878 ) (5,218 )
NET ASSETS 37,645 29,550

CAPITAL AND RESERVES
Called up share capital 150 150
Fair value reserve 8 55,826 22,243
Retained earnings 8 (18,331 ) 7,157
37,645 29,550

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Briardene Assets Limited (Registered number: 11979590)

Balance Sheet - continued
31 May 2024


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 29 July 2024 and were signed on its behalf by:





A J Hookway - Director


Briardene Assets Limited (Registered number: 11979590)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

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.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Briardene Assets Limited (Registered number: 11979590)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 199,000 2,238 201,238
Revaluations 14,000 - 14,000
At 31 May 2024 213,000 2,238 215,238
DEPRECIATION
At 1 June 2023 - 944 944
Charge for year - 324 324
At 31 May 2024 - 1,268 1,268
NET BOOK VALUE
At 31 May 2024 213,000 970 213,970
At 31 May 2023 199,000 1,294 200,294

Cost or valuation at 31 May 2024 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2022 19,461 - 19,461
Valuation in 2023 8,000 - 8,000
Valuation in 2024 14,000 - 14,000
Cost 171,539 2,238 173,777
213,000 2,238 215,238

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 320 1,360
Prepayments and accrued income 416 -
736 1,360

Briardene Assets Limited (Registered number: 11979590)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,383 5,251
Trade creditors 4,587 67
Corporation tax - 1,286
Other creditors 73,595 -
Directors' current accounts 24,613 19,569
Accrued expenses 1,638 1,620
109,816 27,793

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 5,521 5,385
Bank loans - 2-5 years 17,415 16,985
Bank loans more 5 yr by instal 222,973 139,919
245,909 162,289

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 222,973 139,919

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 215,837 126,833

8. RESERVES

PROFIT AND LOSS RESERVES

The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES

The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.