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REGISTERED NUMBER: 03679949 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

Bracken Estates Limited

Bracken Estates Limited (Registered number: 03679949)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bracken Estates Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R Masters





REGISTERED OFFICE: Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP





REGISTERED NUMBER: 03679949 (England and Wales)





ACCOUNTANTS: Jones & Co
Sherwood House
41 Queens Road
Farnborough
Hants
GU14 6JP

Bracken Estates Limited (Registered number: 03679949)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 160,000 160,000

CURRENT ASSETS
Debtors 5 17,007 17,007
Cash at bank 13,094 8,416
30,101 25,423
CREDITORS
Amounts falling due within one year 6 1,770 1,820
NET CURRENT ASSETS 28,331 23,603
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,331

183,603

PROVISIONS FOR LIABILITIES 9,628 9,628
NET ASSETS 178,703 173,975

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 7 85,958 85,958
Retained earnings 92,743 88,015
SHAREHOLDERS' FUNDS 178,703 173,975

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 11 October 2024 and were signed by:





R Masters - Director


Bracken Estates Limited (Registered number: 03679949)

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

1. STATUTORY INFORMATION

Bracken Estates 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 rental income which is recognised according to terms of the tenancy.

Investment property
No depreciation is provided in respect of investment property the value of which, in the opinion of the directors, is considered to be substantially in excess of cost.

Investment property is shown at its most recent valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a fair value reserve.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 160,000
NET BOOK VALUE
At 31 March 2024 160,000
At 31 March 2023 160,000

Included in fair value of investment property is freehold land of £ 125,000 (2023 - £ 125,000 ) which is not depreciated.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2000 12,366
Valuation in 2001 3,220
Valuation in 2002 20,000
Valuation in 2003 7,000
Valuation in 2007 33,000
Valuation in 2009 (15,000 )
Valuation in 2022 35,000
Cost 64,414
160,000

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

31.3.24 31.3.23
£    £   
Cost 64,414 64,414

The investment property was valued on an open market value basis on 31 March 2024 by Richard Masters, a director .

Bracken Estates Limited (Registered number: 03679949)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 17,007 17,007

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Taxation and social security 1,110 1,170
Other creditors 660 650
1,770 1,820

7. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 85,958