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Reports Dated : 26/09/2024 Registered Number: 10907919
England and Wales

 

 

 

BRAMHALL COMMERCIAL LIMITED


Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Director Anthony Kirkham
Registered Number 10907919
Registered Office 10 Clayfield Mews
Newcomen Road
Tunbridge Wells
Kent
TN4 9PA
1
Director's report and financial statements
The director presents his annual report and the financial statements for the year ended 31 August 2024.
Principal activities
The Company's principal activity during the year was procuring finance for operators within the  property development sector outside of traditional avenues, and to a lesser extent, acting as principal lender.
Director
The director who served the Company throughout the year was as follows:
Anthony Kirkham
Statement of director's responsibilities
The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).  Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the company for that period.  In preparing these financial statements, the director is required to:-
  • select suitable accounting policies and then apply them consistently.
  • make judgments and accounting estimates that are reasonable and prudent.
  • State whether applicable UK Accounting Standards have been followed (subject to any material departures disclosed); and
  • prepare the financial statements on a going concern basis unless it is inappropriate to presume that the Company will continue in business.

The director is responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the Company and enable him to ensure that the financial statements comply with the Companies Act 2006.  He is also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is also responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

On behalf of the board.


----------------------------------
Anthony Kirkham
Director

Date approved: 26 September 2024
2
You consider that the Company is exempt from an audit for the year ended 31 August 2024.

You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.  These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the Company at the end of the financial year and of its profit or loss for that financial year.

In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the Company and on the basis of information and explanations you have given to us.

We have not carried out an audit or any other review, and consequently, we do not express any opinion on these accounts. 



OMB Tax Limited

Unit 10, Clayfield Mews
Newcomen Road
Tunbridge Wells
TN4 9PA
26 September 2024
3
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 4 35,744    16,124 
35,744    16,124 
Current assets      
Debtors 5 6,883,752    4,350,655 
Cash at bank and in hand 167,310    113,996 
7,051,062    4,464,651 
Creditors: amount falling due within one year 6 (6,905,249)   (4,446,488)
Net current assets 145,813    18,163 
 
Total assets less current liabilities 181,557    34,287 
Creditors: amount falling due after more than one year 7 (11,111)   (22,408)
Net assets 170,446    11,879 
 

Capital and reserves
     
Called up share capital 8 1    1 
Profit and loss account 170,445    11,878 
Shareholders' funds 170,446    11,879 
 


For the year ended 31 August 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 26 September 2024 and were signed by:


-------------------------------
Anthony Kirkham
Director
4
General Information
Bramhall Commercial Limited is a private company, limited by shares, registered in England and Wales, number 10907919, at 10 Clayfield Mews, Newcomen Road, Tunbridge Wells, Kent, TN4 9PA.  
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 (under Part 1A), the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.

Basis of preparation
The financial statements are presented in £ Sterling (which is the operational currency of the Company), on the going concern basis under the historical cost convention in accordance with the accounting policies.
Going concern basis
In preparing the financial statements, the director is required to make an assessment of the ability of the Company to continue as a going concern. The director has considered all available evidence for the Company which covers the 12 months from the date of signing these financial statements. The director has paid particular attention to likely cashflow
requirements and future availability of adequate cashflow to the Company.

On the basis of this consideration, the director is confident that the Company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion he is satisfied that no material uncertainty exists. As a result of the above, the director concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.
Turnover
Turnover comprises the contractual sums due to the Company pursuant to the loan agreements entered into with its borrowers, and other income streams.  
Taxation
Taxation represents the sum of tax currently payable, recognised in the profit and loss account. No provision is made for deferred tax. The Company's liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and machinery 20% Reducing Balance
Motor Vehicles 20% Reducing Balance
Fixtures and Fittings 20% Reducing Balance
Computer Equipment 20% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 2).
3.

Indebtedness

Included within Creditors are unsecured Covid support borrowings repayable by instalments as follows:

Within 1 year £10,611; and 
Between 2 and 5 years £11,111.

4.

Tangible fixed assets

Cost or valuation Plant and machinery   Motor Vehicles   Fixtures and Fittings   Computer Equipment   Total
  £   £   £   £   £
At 01 September 2023 7,895      17,482    7,953    33,330 
Additions   20,655    7,900      28,555 
Disposals        
At 31 August 2024 7,895    20,655    25,382    7,953    61,885 
Depreciation
At 01 September 2023 4,660      10,320    2,226    17,206 
Charge for year 647    4,131    3,012    1,145    8,935 
On disposals        
At 31 August 2024 5,307    4,131    13,332    3,371    26,141 
Net book values
Closing balance as at 31 August 2024 2,588    16,524    12,050    4,582    35,744 
Opening balance as at 01 September 2023 3,235      7,162    5,727    16,124 


5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Other Debtors 6,883,752    4,350,655 
6,883,752    4,350,655 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Taxation and Social Security 70,721    29,247 
Other Creditors 6,834,528    4,417,241 
6,905,249    4,446,488 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Other Creditors 11,111    22,408 
11,111    22,408 

8.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
1 Ordinary share of £1.00 each  
 

5