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REGISTERED NUMBER: 09413906 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Branksome Property Company Ltd

Branksome Property Company Ltd (Registered number: 09413906)






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


Branksome Property Company Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: T J Perkins





SECRETARY: S C Wilde





REGISTERED OFFICE: Suite 13 St Francis House
141-147 Queens Road
Norwich
Norfolk
NR1 3PN





REGISTERED NUMBER: 09413906 (England and Wales)





ACCOUNTANTS: Shaw & Co
Chartered Certified Accountants
3 Colegate
Norwich
Norfolk
NR3 1BN

Branksome Property Company Ltd (Registered number: 09413906)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 117 646
Investments 5 50 50
Investment property 6 1,720,000 1,220,579
1,720,167 1,221,275

CURRENT ASSETS
Debtors 7 3,706,835 3,921,662
Cash at bank 738,287 236,526
4,445,122 4,158,188
CREDITORS
Amounts falling due within one year 8 60,172 206,799
NET CURRENT ASSETS 4,384,950 3,951,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,105,117

5,172,664

PROVISIONS FOR LIABILITIES 304,167 166,139
NET ASSETS 5,800,950 5,006,525

Branksome Property Company Ltd (Registered number: 09413906)

Balance Sheet - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 11
Retained earnings 5,800,939 5,006,514
5,800,950 5,006,525

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.

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 19 November 2024 and were signed by:





T J Perkins - Director


Branksome Property Company Ltd (Registered number: 09413906)

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

1. STATUTORY INFORMATION

Branksome Property Company 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.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings - 33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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

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.


Branksome Property Company Ltd (Registered number: 09413906)

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

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 1,721
DEPRECIATION
At 1 April 2023 1,075
Charge for year 529
At 31 March 2024 1,604
NET BOOK VALUE
At 31 March 2024 117
At 31 March 2023 646

Branksome Property Company Ltd (Registered number: 09413906)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 50
NET BOOK VALUE
At 31 March 2024 50
At 31 March 2023 50

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,220,579
Revaluations 499,421
At 31 March 2024 1,720,000
NET BOOK VALUE
At 31 March 2024 1,720,000
At 31 March 2023 1,220,579

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 871,551
Cost 848,449
1,720,000

If the investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 848,449 848,449

Investment property was valued on a fair value basis on 31 March 2024 by the directors .

Branksome Property Company Ltd (Registered number: 09413906)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 12,559 7,615
Other debtors 3,694,276 3,914,047
3,706,835 3,921,662

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 4,308 11,701
Taxation and social security 30,076 188,761
Other creditors 25,788 6,337
60,172 206,799