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REGISTERED NUMBER: 03730291 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Brocketts Business Park Limited

Brocketts Business Park Limited (Registered number: 03730291)

Contents of the Financial Statements
for the Year Ended 31 July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brocketts Business Park Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs C J Jeavons-Fellows
N M Potter
J N Potter





SECRETARY: Mrs C J Jeavons-Fellows





REGISTERED OFFICE: Brocketts Farm
Hulfords Lane
Hartley Wintney
Hampshire
RG27 8AG





REGISTERED NUMBER: 03730291 (England and Wales)





ACCOUNTANTS: Lane Monnington Welton
Chartered Accountants
Riverside View
Basing Road
Old Basing
Basingstoke
Hampshire
RG24 7AL

Brocketts Business Park Limited (Registered number: 03730291)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,489 4,652
Investment property 5 1,431,330 1,400,000
1,434,819 1,404,652

CURRENT ASSETS
Debtors 6 262,062 257,387
Cash at bank 43,872 20,990
305,934 278,377
CREDITORS
Amounts falling due within one year 7 56,579 43,872
NET CURRENT ASSETS 249,355 234,505
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,684,174

1,639,157

PROVISIONS FOR LIABILITIES 8 185,789 185,922
NET ASSETS 1,498,385 1,453,235

CAPITAL AND RESERVES
Called up share capital 9 130 130
Fair value reserve 10 817,023 817,023
Retained earnings 681,232 636,082
SHAREHOLDERS' FUNDS 1,498,385 1,453,235

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Brocketts Business Park Limited (Registered number: 03730291)

Balance Sheet - continued
31 July 2024


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 19 November 2024 and were signed on its behalf by:





J N Potter - Director


Brocketts Business Park Limited (Registered number: 03730291)

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


1. STATUTORY INFORMATION

Brocketts Business Park 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.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

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.

Financial instruments
Debtors and creditors payable/receivable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price, including transaction costs. Subsequently they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

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.


Brocketts Business Park Limited (Registered number: 03730291)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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, adjusted for indexation where applicable.

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.

Impairment
Assets not measured at fair value are reviewed for any indication that an asset may be impaired at each balance sheet date. The directors review the carrying amount of the relevant assets and compare them to their market values and recoverable amounts. Where the carrying amount exceeds this, an impairment loss is recognised in profit or loss, unless the asset is carried at a revalued amount, where the impairment loss is a revaluation decrease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2023
and 31 July 2024 5,816
DEPRECIATION
At 1 August 2023 1,164
Charge for year 1,163
At 31 July 2024 2,327
NET BOOK VALUE
At 31 July 2024 3,489
At 31 July 2023 4,652

Brocketts Business Park Limited (Registered number: 03730291)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 1,400,000
Additions 31,330
At 31 July 2024 1,431,330
NET BOOK VALUE
At 31 July 2024 1,431,330
At 31 July 2023 1,400,000


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 11,669 5,837
Other debtors 250,393 251,550
262,062 257,387

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors 15,901 9,568
Taxation and social security 19,791 16,070
Other creditors 20,887 18,234
56,579 43,872

8. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 185,789 185,922

Deferred
tax
£   
Balance at 1 August 2023 185,922
Revaluation of property
Accelerated capital allowances (133 )
Balance at 31 July 2024 185,789

Brocketts Business Park Limited (Registered number: 03730291)

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


9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
130 Ordinary £1 130 130

10. RESERVES
Fair
value
reserve
£   
At 1 August 2023
and 31 July 2024 817,023

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, there was a balance of £249,000 (2023: £249,000) owed to the company by one of the directors. Interest has been charged at 4.4%.