IRIS Accounts Production v24.3.0.553 08713294 Board of Directors 1.3.23 29.2.24 29.2.24 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh087132942023-02-28087132942024-02-29087132942023-03-012024-02-29087132942022-02-28087132942022-03-012023-02-28087132942023-02-2808713294ns15:EnglandWales2023-03-012024-02-2908713294ns14:PoundSterling2023-03-012024-02-2908713294ns10:Director12023-03-012024-02-2908713294ns10:PrivateLimitedCompanyLtd2023-03-012024-02-2908713294ns10:SmallEntities2023-03-012024-02-2908713294ns10:AuditExempt-NoAccountantsReport2023-03-012024-02-2908713294ns10:SmallCompaniesRegimeForDirectorsReport2023-03-012024-02-2908713294ns10:SmallCompaniesRegimeForAccounts2023-03-012024-02-2908713294ns10:FullAccounts2023-03-012024-02-2908713294ns10:Director22023-03-012024-02-2908713294ns10:Director32023-03-012024-02-2908713294ns10:RegisteredOffice2023-03-012024-02-2908713294ns5:CurrentFinancialInstruments2024-02-2908713294ns5:CurrentFinancialInstruments2023-02-2808713294ns5:Non-currentFinancialInstruments2024-02-2908713294ns5:Non-currentFinancialInstruments2023-02-2808713294ns5:ShareCapital2024-02-2908713294ns5:ShareCapital2023-02-2808713294ns5:RetainedEarningsAccumulatedLosses2024-02-2908713294ns5:RetainedEarningsAccumulatedLosses2023-02-2808713294ns5:FurnitureFittings2023-03-012024-02-2908713294ns5:FurnitureFittings2023-02-2808713294ns5:FurnitureFittings2024-02-2908713294ns5:FurnitureFittings2023-02-2808713294ns5:CostValuation2023-02-28
REGISTERED NUMBER: 08713294 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BRAMLEY BROOKS LIMITED

BRAMLEY BROOKS LIMITED (REGISTERED NUMBER: 08713294)






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


BRAMLEY BROOKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







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



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



REGISTERED NUMBER: 08713294 (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

BRAMLEY BROOKS LIMITED (REGISTERED NUMBER: 08713294)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,604 349
Investments 5 1 1
Investment property 6 5,447,435 5,085,538
5,449,040 5,085,888

CURRENT ASSETS
Debtors 7 15,493 12,466
Cash at bank 47,421 223,844
62,914 236,310
CREDITORS
Amounts falling due within one year 8 3,022,404 2,828,409
NET CURRENT LIABILITIES (2,959,490 ) (2,592,099 )
TOTAL ASSETS LESS CURRENT LIABILITIES 2,489,550 2,493,789

CREDITORS
Amounts falling due after more than
one year

9

1,033,668

1,162,053
NET ASSETS 1,455,882 1,331,736

CAPITAL AND RESERVES
Called up share capital 102 102
Retained earnings 1,455,780 1,331,634
SHAREHOLDERS' FUNDS 1,455,882 1,331,736

BRAMLEY BROOKS LIMITED (REGISTERED NUMBER: 08713294)

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 and authorised for issue 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


BRAMLEY BROOKS LIMITED (REGISTERED NUMBER: 08713294)

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

1. STATUTORY INFORMATION

Bramley Brooks 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 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.

Significant judgements and estimates
No judgements have been made in the process of applying the below 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
Turnover is measured at the fair value of consideration received or receivable. The policies adopted for the recognition of turnover are as follows:

Turnover relating to holiday let rental income is recognised evenly over the period of the let. Any non refundable deposits are recognised when received.

Turnover relating to residential rental income is recognised evenly over the term of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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

BRAMLEY BROOKS LIMITED (REGISTERED NUMBER: 08713294)

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

2. ACCOUNTING POLICIES - continued

Investment property
Investment properties are initially recognised in the financial statements at historic cost. In subsequent years, investment properties are measured at fair value at each reporting date, with changes in fair value recognised in the profit and loss.

No depreciation has been charged on the investment property during the year as, in the opinion of the directors, any charge is likely to be immaterial. The continual maintenance and upkeep of the property is such that, in the opinion of the directors, the useful economic life is extended indefinitely.

Regular impairment reviews are undertaken by the directors.

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.

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 NIL (2023 - NIL).

BRAMLEY BROOKS LIMITED (REGISTERED NUMBER: 08713294)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 March 2023 4,178
Additions 1,397
At 29 February 2024 5,575
DEPRECIATION
At 1 March 2023 3,829
Charge for year 142
At 29 February 2024 3,971
NET BOOK VALUE
At 29 February 2024 1,604
At 28 February 2023 349

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 March 2023
and 29 February 2024 1
NET BOOK VALUE
At 29 February 2024 1
At 28 February 2023 1

BRAMLEY BROOKS LIMITED (REGISTERED NUMBER: 08713294)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 5,085,538
Additions 361,897
At 29 February 2024 5,447,435
NET BOOK VALUE
At 29 February 2024 5,447,435
At 28 February 2023 5,085,538

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Prepayments and accrued income 15,493 12,466

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Corporation tax 38,138 37,993
VAT 922 -
Other creditors 2,848,202 2,614,101
Directors' current accounts 104,724 150,000
Accruals and deferred income 30,418 26,315
3,022,404 2,828,409

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Directors' loan accounts 1,033,668 1,162,053