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REGISTERED NUMBER: 14299362 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Brainerd Holdings Limited

Brainerd Holdings Limited (Registered number: 14299362)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Brainerd Holdings Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mrs C V C Brainerd





REGISTERED OFFICE: Stubton Hall
Stubton
Newark
Lincolnshire
NG23 5DD





REGISTERED NUMBER: 14299362 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Brainerd Holdings Limited

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.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brainerd Holdings Limited for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Brainerd Holdings Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brainerd Holdings Limited and state those matters that we have agreed to state to the director of Brainerd Holdings Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brainerd Holdings Limited and its director for our work or for this report.

It is your duty to ensure that Brainerd Holdings Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Brainerd Holdings Limited. You consider that Brainerd Holdings Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brainerd Holdings Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Chancery Court
34 West Street
Retford
Nottinghamshire
DN22 6ES


31 October 2024

Brainerd Holdings Limited (Registered number: 14299362)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,979,049 4,044,540
Investments 5 51 51
3,979,100 4,044,591

CURRENT ASSETS
Debtors 6 28,145 -
Cash at bank 6,549 6,519
34,694 6,519
CREDITORS
Amounts falling due within one year 7 2,575,941 2,454,215
NET CURRENT LIABILITIES (2,541,247 ) (2,447,696 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,437,853

1,596,895

CREDITORS
Amounts falling due after more than one
year

8

1,542,100

1,594,500
NET (LIABILITIES)/ASSETS (104,247 ) 2,395

CAPITAL AND RESERVES
Called up share capital 10 151 151
Retained earnings (104,398 ) 2,244
SHAREHOLDERS' FUNDS (104,247 ) 2,395

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 31 October 2024 and were signed by:





Mrs C V C Brainerd - Director


Brainerd Holdings Limited (Registered number: 14299362)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Brainerd Holdings 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.

At the period end the company had net current liabilities of £2,541,247 (2023: £2,447,696). Despite this, the accounts are prepared on a going concern basis as the directors and subsidiary undertakings will continue to support the company. As at 30 June 2024, the company owed the directors and subsidiary undertakings a total of £2,512,656 (2023: £2,390,801). These loans will not be called in until such a time that the company can repay the loans without adversely affecting the ongoing trade.

Preparation of consolidated financial statements
The financial statements contain information about Brainerd Holdings 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 the cost less estimated residual value of each asset over its estimated useful life.
Land and Buildings - 2% on cost and not provided

No depreciation is charged in the year of acquisition and a full year of depreciation is charged in the year of disposal.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

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.


Brainerd Holdings Limited (Registered number: 14299362)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Land and
Buildings
£   
COST
At 1 July 2023
and 30 June 2024 4,044,540
DEPRECIATION
Charge for year 65,491
At 30 June 2024 65,491
NET BOOK VALUE
At 30 June 2024 3,979,049
At 30 June 2023 4,044,540

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 July 2023
and 30 June 2024 51
NET BOOK VALUE
At 30 June 2024 51
At 30 June 2023 51

This relates to 100% ownership of shares in Stubton Hall Limited and The Wedding Agency Limited.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,000 -
Other debtors 4,145 -
28,145 -

Brainerd Holdings Limited (Registered number: 14299362)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 52,400 52,400
Amounts owed to group undertakings 656,736 476,454
Taxation and social security - 526
Other creditors 1,866,805 1,924,835
2,575,941 2,454,215

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 1,542,100 1,594,500

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,594,500 1,646,900

The loan is secured with a first legal charge over Stubton Hall, Stubton, Newark, Nottinghamshire, NG23 5DD and its associated assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
151 Ordinary £1 151 151