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REGISTERED NUMBER: 10776083 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Brookton Ltd

Brookton Ltd (Registered number: 10776083)






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

Report of the Accountants 8

Brookton Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: J C B Slade





REGISTERED OFFICE: Estate Office, Howards Nursery
Handcross Road
Plummers Plain
Horsham
West Sussex
RH13 6NX





REGISTERED NUMBER: 10776083 (England and Wales)





ACCOUNTANTS: Indigo Tax and Accountancy Limited
The Barn
Brighton Road
Lower Beeding
Horsham
West Sussex
RH13 6PT

Brookton Ltd (Registered number: 10776083)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,342 6,838
Investment property 5 19,285,000 15,582,407
19,291,342 15,589,245

CURRENT ASSETS
Stocks 399,409 594,551
Debtors 6 1,454,211 1,816,207
Cash in hand 162,452 245,726
2,016,072 2,656,484
CREDITORS
Amounts falling due within one year 7 368,572 974,662
NET CURRENT ASSETS 1,647,500 1,681,822
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,938,842

17,271,067

PROVISIONS FOR LIABILITIES 8 1,476,865 621,577
NET ASSETS 19,461,977 16,649,490

CAPITAL AND RESERVES
Called up share capital 2 2
Share premium 9 8,389,999 8,389,999
Revaluation reserve 9 4,552,113 2,140,162
Retained earnings 9 6,519,863 6,119,327
19,461,977 16,649,490

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.

Brookton Ltd (Registered number: 10776083)

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 director and authorised for issue on 8 October 2024 and were signed by:





J C B Slade - Director


Brookton Ltd (Registered number: 10776083)

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

1. STATUTORY INFORMATION

Brookton Ltd 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 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.
Plant and machinery - 25% straight line
Motor vehicles - 20% straight line

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

Brookton Ltd (Registered number: 10776083)

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

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 April 2023 10,459 11,683 22,142
Additions 2,397 - 2,397
Disposals (6,302 ) (783 ) (7,085 )
At 31 March 2024 6,554 10,900 17,454
DEPRECIATION
At 1 April 2023 10,160 5,144 15,304
Charge for year 713 2,180 2,893
Eliminated on disposal (6,302 ) (783 ) (7,085 )
At 31 March 2024 4,571 6,541 11,112
NET BOOK VALUE
At 31 March 2024 1,983 4,359 6,342
At 31 March 2023 299 6,539 6,838

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 15,582,407
Additions 750,578
Disposals (337,687 )
Revaluations 3,289,702
At 31 March 2024 19,285,000
NET BOOK VALUE
At 31 March 2024 19,285,000
At 31 March 2023 15,582,407

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 6,027,392
Cost 13,257,608
19,285,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 91,922 62,203
Amounts owed by participating interests 14,885 238,205
Other debtors 712,751 1,495,061
Directors' current accounts 595,353 -
Prepayments and accrued income 39,300 20,738
1,454,211 1,816,207

Brookton Ltd (Registered number: 10776083)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 4,816 4,251
Trade creditors 9,706 61,611
Amounts owed to group undertakings 100,000 -
Amounts owed to participating interests - 116,424
Tax 126,504 367,013
Social security and other taxes 3,496 -
Other creditors 16,980 -
Service charges - 15,999
Tenant deposits 60,019 53,533
Pension control 1,362 644
Directors' current accounts - 302,835
Accruals and deferred income 45,689 52,352
368,572 974,662

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 1,586 1,710
Accrued pension contributions - (161 )
Gains on investment property 1,475,279 620,028
1,476,865 621,577

Deferred
tax
£   
Balance at 1 April 2023 621,577
Provided during year 855,288
Balance at 31 March 2024 1,476,865

9. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 April 2023 6,119,327 8,389,999 2,140,162 16,649,488
Profit for the year 2,812,487 2,812,487
Investment property (2,411,951 ) - 2,411,951 -
At 31 March 2024 6,519,863 8,389,999 4,552,113 19,461,975

Brookton Ltd (Registered number: 10776083)

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

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
J C B Slade
Balance outstanding at start of year - -
Amounts advanced 595,353 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 595,353 -

11. ULTIMATE CONTROLLING PARTY

The company is wholly owned by MM Demerger Ltd.

Brookton Ltd

Report of the Accountants to the Director of
Brookton Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Indigo Tax and Accountancy Limited
The Barn
Brighton Road
Lower Beeding
Horsham
West Sussex
RH13 6PT


8 October 2024