Registered number
12424426
BRACKENBURY VILLAGE ESTATE LTD
Filleted Accounts
31 January 2024
BRACKENBURY VILLAGE ESTATE LTD
Registered number: 12424426
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,404,335 1,265,177
Current assets
Debtors 4 94,523 47,195
Cash at bank and in hand 30,386 178
124,909 47,373
Creditors: amounts falling due within one year 5 (767,193) (500,074)
Net current liabilities (642,284) (452,701)
Total assets less current liabilities 762,051 812,476
Creditors: amounts falling due after more than one year 6 (787,837) (792,921)
Net (liabilities)/assets (25,786) 19,555
Capital and reserves
Called up share capital 100 100
Profit and loss account (25,886) 19,455
Shareholder's funds (25,786) 19,555
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S P Boulis
Director
Approved by the board on 31 October 2024
BRACKENBURY VILLAGE ESTATE LTD
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Investment property Not depreciated
Investments
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.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment property
£
Cost
At 1 February 2023 1,265,177
Additions 139,158
At 31 January 2024 1,404,335
Depreciation
At 31 January 2024 -
Net book value
At 31 January 2024 1,404,335
At 31 January 2023 1,265,177
The director, S P Boulis, would like to highlight that once the extensive work on the investment property was completed in 2024, the property was valued at £2,625,000 in September 2024.
4 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 500 47,195
Other debtors 94,023 -
94,523 47,195
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 157,969 4,959
Amounts owed to group undertakings and undertakings in which the company has a participating interest 170,047 58,892
Taxation and social security costs 126 126
Other creditors 439,051 436,097
767,193 500,074
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 787,837 792,921
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 755,510 755,510
Instalments falling due for payment after more than five years 9,245 16,290
764,755 771,800
Secured bank loans 755,510 755,510
A company bank loan of £755,510 is secured on the company's investment property.
8 Other information
BRACKENBURY VILLAGE ESTATE LTD is a private company limited by shares and incorporated in England. Its registered office is:
9 Bridge Street
Walton On Thames
Surrey
KT12 1AE
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