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REGISTERED NUMBER: 08943784 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Brodie Investments Limited

Brodie Investments Limited (Registered number: 08943784)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Brodie Investments Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: P R Brodie
W Brodie
E Brodie
Mrs H C Brodie





REGISTERED OFFICE: Heath House Blackheath Lane
Blackheath
Guildford
Surrey
GU4 8RB





REGISTERED NUMBER: 08943784 (England and Wales)





ACCOUNTANTS: Ampersand Partnership Limited
Chancery House
41a Hanger Hill
Weybridge
Surrey
KT13 9XZ

Brodie Investments Limited (Registered number: 08943784)

Abridged Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,157 71,137
Investments 5 91,641 91,641
Investment property 6 9,476,000 9,476,000
9,622,798 9,638,778

CURRENT ASSETS
Stocks 337,009 330,213
Debtors 40,428 65,886
Cash at bank 174,788 227,798
552,225 623,897
CREDITORS
Amounts falling due within one year 347,297 412,914
NET CURRENT ASSETS 204,928 210,983
TOTAL ASSETS LESS CURRENT LIABILITIES 9,827,726 9,849,761

CREDITORS
Amounts falling due after more than one
year

1,575,159

1,589,182
NET ASSETS 8,252,567 8,260,579

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8,251,567 8,259,579
SHAREHOLDERS' FUNDS 8,252,567 8,260,579

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

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

Brodie Investments Limited (Registered number: 08943784)

Abridged Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 16 August 2024 and were signed on its behalf by:





P R Brodie - Director


Brodie Investments Limited (Registered number: 08943784)

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

1. STATUTORY INFORMATION

Brodie Investments 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.

Turnover
Turnover comprises revenue recognised by the Company in respect of property consultancy and sale of properties acquired for sale or development by the Company. Properties sold are recognised upon exchange for sale of the relevant site, exclusive of value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost and 20% on cost

Investment property
Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

Stocks
Stock and work in progress comprise property for development or sale. Developments in progress include land and units in the course of construction and include the cost of the land and the construction costs incurred to date.

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.

Brodie Investments Limited (Registered number: 08943784)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Other income
Other Income comprises revenue recognised by the company in respect of rental income, exclusive of Value Added Tax. Rental income is received one month in advance and is recognised over the period accrued.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 144,276
Additions 9,454
Disposals (38,342 )
At 31 December 2023 115,388
DEPRECIATION
At 1 January 2023 73,139
Charge for year 25,434
Eliminated on disposal (38,342 )
At 31 December 2023 60,231
NET BOOK VALUE
At 31 December 2023 55,157
At 31 December 2022 71,137

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 91,641
NET BOOK VALUE
At 31 December 2023 91,641
At 31 December 2022 91,641

Brodie Investments Limited (Registered number: 08943784)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 9,476,000
NET BOOK VALUE
At 31 December 2023 9,476,000
At 31 December 2022 9,476,000

The 2023 valuations were made by the director on an open market value for existing use basis.

7. SECURED DEBTS

Included within creditors are bank loans in the sum of £1,527,500 (2022:£1,527,500) which are secured.

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £12,500 (2022 - £12,500) were paid to the directors .

Paul and Helen Brodie - directors

During the year the company accrued interest of £16,353 (2022: £14,722) and paid rent including utilities of £13,600 (2022: £13,600) to the Directors. At the year end, £135,884 (2022: £226,223) was owed to the Directors and is included within other creditors.

Entities under common control

During the year the company entered into transactions with entities under common control:
- Purchases of £nil (2022: £48,000)
- Management charge income of £10,000 (2022: £25,205 refunded)
- Interest of £nil (2022: £62,519 refunded)

At the year end £20,044 (2022: £11,176) was owed by the company to entities under common
control.

9. ULTIMATE CONTROLLING PARTY

The company is a wholly owned subsidiary of Brodie Group Limited, a company registered in England and Wales. In the opinion of the directors there is no ultimate controlling party.