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REGISTERED NUMBER: 09640508 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr D L Brooks
Mr O J Brooks
Mrs P L Brooks



REGISTERED OFFICE: The Old Sawmill
New Mill Bank
Bolsterstone
Sheffield
South Yorkshire
S36 3ZG



REGISTERED NUMBER: 09640508 (England and Wales)



ACCOUNTANTS: Gibson Booth Limited
12 Victoria Road
Barnsley
South Yorkshire
S70 2BB



BANKERS: National Westminster Bank
5 Market Place
Chesterfield
Derbyshire
S40 1TW

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 108,881 105,923
Investments 5 800,445 779,312
Investment property 6 3,634,751 3,608,117
4,544,077 4,493,352

CURRENT ASSETS
Debtors 7 2,869,151 2,629,887
Cash at bank 23,904 378,647
2,893,055 3,008,534
CREDITORS
Amounts falling due within one year 8 170,865 181,045
NET CURRENT ASSETS 2,722,190 2,827,489
TOTAL ASSETS LESS CURRENT LIABILITIES 7,266,267 7,320,841

CREDITORS
Amounts falling due after more than
one year

9

(476,974

)

(492,717

)

PROVISIONS FOR LIABILITIES (5,899 ) (5,899 )
NET ASSETS 6,783,394 6,822,225

CAPITAL AND RESERVES
Called up share capital 10 750 750
Share premium 6,152,922 6,152,922
Retained earnings 629,722 668,553
SHAREHOLDERS' FUNDS 6,783,394 6,822,225

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)

BALANCE SHEET - continued
29 FEBRUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 14 October 2024 and were signed on its behalf by:





Mr O J Brooks - Director


BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Brooks Brothers and Sons Developments 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.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Brooks Brothers and Sons Developments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Significant judgements and estimates
No judgements have been made in the process of applying the above accounting policies that have had the most significant effect on amounts recognised in the financial statements.

There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
When the outcome of a transaction can be estimated reliably, turnover from holiday property rentals is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to contractual obligations fulfilled.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.



Revenue grants
Grants which are received for compensation for expenses or losses which have already been incurred are recognisable in income when the grant is received or receivable

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

2. ACCOUNTING POLICIES - continued

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% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Fixed assets under construction are recorded at the actual cost incurred for the construction.

Costs include all expenditure incurred for construction projects. A fixed asset under construction is transferred to investment properties when it has reached the working condition for its intended use. No depreciation is provided for fixed assets under construction.

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.

Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through the profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 - 103,250 106,269 209,519
Additions 17,583 14,774 - 32,357
At 29 February 2024 17,583 118,024 106,269 241,876
DEPRECIATION
At 1 March 2023 - 69,835 33,761 103,596
Charge for year 1,712 9,560 18,127 29,399
At 29 February 2024 1,712 79,395 51,888 132,995
NET BOOK VALUE
At 29 February 2024 15,871 38,629 54,381 108,881
At 28 February 2023 - 33,415 72,508 105,923

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 779,312
Revaluations 21,133
At 29 February 2024 800,445
NET BOOK VALUE
At 29 February 2024 800,445
At 28 February 2023 779,312

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2024 800,445

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 3,608,117
Additions 26,634
At 29 February 2024 3,634,751
NET BOOK VALUE
At 29 February 2024 3,634,751
At 28 February 2023 3,608,117

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 1,945
Other debtors 2,848,202 2,614,101
Prepayments and accrued income 20,949 13,841
2,869,151 2,629,887

BROOKS BROTHERS AND SONS DEVELOPMENTS
LIMITED (REGISTERED NUMBER: 09640508)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts 7,600 15,200
Trade creditors 883 14,166
Social security and other taxes 1,331 1,860
VAT 3,416 2,485
Other creditors 11 132
Directors' current accounts 106,006 111,978
Accruals and deferred income 51,618 35,224
170,865 181,045

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Hire purchase contracts - 7,600
Directors' loan accounts 476,974 485,117
476,974 492,717

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
48,749 A Ordinary 1p 487 487
3,750 B Ordinary 1p 37 37
3,750 C Ordinary 1p 37 37
18,750 D Ordinary 1p 188 188
1 E Ordinary 1p 1 1
750 750