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REGISTERED NUMBER: 08654034 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BRANKSOME PARK HOLDINGS LIMITED

BRANKSOME PARK HOLDINGS LIMITED (REGISTERED NUMBER: 086

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRANKSOME PARK HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J Oak
C B A Oak



REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE



REGISTERED NUMBER: 08654034 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Andrew Clark BSc FCA



AUDITORS: Carter & Coley Limited
Chartered Accountants and Statutory Auditor
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

BRANKSOME PARK HOLDINGS LIMITED (REGISTERED NUMBER: 086

BALANCE SHEET
31 MARCH 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,010,880 942,508
Investments 6 3,436 3,436
Investment property 7 495,000 466,667
1,509,316 1,412,611

CURRENT ASSETS
Debtors 8 899,365 893,736
Cash at bank 22,165 89,576
921,530 983,312
CREDITORS
Amounts falling due within one year 9 367,501 460,143
NET CURRENT ASSETS 554,029 523,169
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,063,345

1,935,780

CREDITORS
Amounts falling due after more than one
year

10

(775,075

)

(805,045

)

PROVISIONS FOR LIABILITIES (40,719 ) (2,294 )
NET ASSETS 1,247,551 1,128,441

CAPITAL AND RESERVES
Called up share capital 100 100
Other reserve 12 702,260 656,919
Retained earnings 12 545,191 471,422
SHAREHOLDERS' FUNDS 1,247,551 1,128,441

BRANKSOME PARK HOLDINGS LIMITED (REGISTERED NUMBER: 086

BALANCE SHEET - continued
31 MARCH 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 August 2024 and were signed on its behalf by:





J Oak - Director


BRANKSOME PARK HOLDINGS LIMITED (REGISTERED NUMBER: 086

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Branksome Park Holdings 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 during the period, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on buildings and nil on land
Plant and machinery - 15% on reducing balance

Fixed assets are initially recognised at cost.

Investment property
Investment properties are included at their open market value.

In accordance with the provisions of FRS102 freehold investment buildings are not depreciated.

This is in contravention to the Companies Act 2006 which requires all tangible fixed assets to be depreciated. The director is of the opinion that this departure from the Companies Act 2006 is needed to present a true and fair view.


BRANKSOME PARK HOLDINGS LIMITED (REGISTERED NUMBER: 086

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 2
At 31 March 2024 2
AMORTISATION
Charge for year 2
At 31 March 2024 2
NET BOOK VALUE
At 31 March 2024 -

BRANKSOME PARK HOLDINGS LIMITED (REGISTERED NUMBER: 086

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 933,333 12,350 945,683
Additions - 34,998 34,998
Revaluations 56,667 - 56,667
At 31 March 2024 990,000 47,348 1,037,348
DEPRECIATION
At 1 April 2023 - 3,175 3,175
Charge for year 16,667 6,626 23,293
At 31 March 2024 16,667 9,801 26,468
NET BOOK VALUE
At 31 March 2024 973,333 37,547 1,010,880
At 31 March 2023 933,333 9,175 942,508

Included in cost or valuation of land and buildings is freehold land of £ 400,000 (2023 - £ 400,000 ) which is not depreciated.

Cost or valuation at 31 March 2024 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2018 287,946 - 287,946
Valuation in 2021 150,000 - 150,000
Valuation in 2024 56,667 - 56,667
Cost 495,387 47,348 542,735
990,000 47,348 1,037,348

BRANKSOME PARK HOLDINGS LIMITED (REGISTERED NUMBER: 086

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
as restated
£    £   
Cost 495,387 495,387

Freehold land and buildings were valued on an open market basis on 27 July 2022 by Symonds & Sampson .

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 3,436
NET BOOK VALUE
At 31 March 2024 3,436
At 31 March 2023 3,436

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 466,667
Revaluations 28,333
At 31 March 2024 495,000
NET BOOK VALUE
At 31 March 2024 495,000
At 31 March 2023 466,667

BRANKSOME PARK HOLDINGS LIMITED (REGISTERED NUMBER: 086

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


7. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 143,973
Valuation in 2021 75,000
Valuation in 2024 28,333
Cost 247,694
495,000

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
as restated
£    £   
Cost 247,694 247,694

Investment property was valued on an open market basis on 27 July 2022 by Symonds & Sampson .

8. DEBTORS
2024 2023
as restated
£    £   
Amounts falling due within one year:
Trade debtors 91,200 38,175
Amounts owed by group undertakings 177,719 645,462
Other debtors 347 80,000
269,266 763,637

Amounts falling due after more than one year:
Amounts owed by group undertakings 630,099 130,099

Aggregate amounts 899,365 893,736

BRANKSOME PARK HOLDINGS LIMITED (REGISTERED NUMBER: 086

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 29,970 29,970
Trade creditors 42,418 389
Amounts owed to group undertakings 151 151
Taxation and social security 24,549 33,900
Other creditors 270,413 395,733
367,501 460,143

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
as restated
£    £   
Bank loans 775,075 805,045

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Bank loans 805,045 835,015

12. RESERVES
Retained Other
earnings reserve Totals
£    £    £   

At 1 April 2023 471,422 656,919 1,128,341
Profit for the year 121,110 121,110
Dividends (2,000 ) (2,000 )
Transfer on reserves (45,341 ) 45,341 -
At 31 March 2024 545,191 702,260 1,247,451

The other reserve is non distributable and relates to the revaluation of the investment property.

BRANKSOME PARK HOLDINGS LIMITED (REGISTERED NUMBER: 086

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Andrew Clark BSc FCA (Senior Statutory Auditor)
for and on behalf of Carter & Coley Limited

14. RELATED PARTY DISCLOSURES

TRANSACTIONS WITH GROUP COMPANIES

Non interest bearing loans on which no terms of repayment have been agreed. The amount due from group companies at the balance sheet date amounted to £807,818 (2023 - £775,561).

Non interest bearing loans on which no terms of repayment have been agreed. The amount due to group companies at the balance sheet date amounted to £151 (2023 - £151).