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REGISTERED NUMBER: 02720055 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BRETSURE LIMITED

BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Statement of Financial Position 1

Notes to the Financial Statements 3


BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

STATEMENT OF FINANCIAL POSITION
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,274 -
Investments 5 475,527 442,836
Investment property 6 3,460,000 3,260,000
3,936,801 3,702,836

CURRENT ASSETS
Debtors 7 295,081 146,023
Cash at bank 62,650 137,580
357,731 283,603
CREDITORS
Amounts falling due within one year 8 120,678 108,676
NET CURRENT ASSETS 237,053 174,927
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,173,854

3,877,763

PROVISIONS FOR LIABILITIES 571,923 390,208
NET ASSETS 3,601,931 3,487,555

CAPITAL AND RESERVES
Called up share capital 9 30,000 30,000
Non-distributable reserves 2,192,346 2,167,742
Fair value reserve 10 (2,640 ) (29,331 )
Retained earnings 1,382,225 1,319,144
SHAREHOLDERS' FUNDS 3,601,931 3,487,555

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.

BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

STATEMENT OF FINANCIAL POSITION - continued
29 FEBRUARY 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 25 November 2024 and were signed on its behalf by:





T Robinson - Director


BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

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


1. STATUTORY INFORMATION

Bretsure Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02720055

Registered office: 1 Malvern Road
Aylesbury
Buckinghamshire
HP20 1QF

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 25% on reducing balance

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.

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 statement of financial position date.


BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 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 statement of financial position 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 NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 1,699
At 29 February 2024 1,699
DEPRECIATION
Charge for year 425
At 29 February 2024 425
NET BOOK VALUE
At 29 February 2024 1,274

5. FIXED ASSET INVESTMENTS
Shares in
group Listed
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 March 2023 2 442,834 442,836
Revaluations - 32,691 32,691
At 29 February 2024 2 475,525 475,527
NET BOOK VALUE
At 29 February 2024 2 475,525 475,527
At 28 February 2023 2 442,834 442,836

BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

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


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 29 February 2024 is represented by:

Shares in
group Listed
undertakings investments Totals
£    £    £   
Valuation in 2024 - 475,525 475,525
Cost 2 - 2
2 475,525 475,527

The Company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Candent Ltd
Registered office: UK
Nature of business: properties management
%
Class of shares: holding
Ordinary 100.00

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 3,260,000
Revaluations 200,000
At 29 February 2024 3,460,000
NET BOOK VALUE
At 29 February 2024 3,460,000
At 28 February 2023 3,260,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 29 February 2024 by the Director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2024 3,460,000

BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

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


7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 211,622 -
Other debtors 83,459 85,629
295,081 85,629

Amounts falling due after more than one year:
Other debtors - 60,394

Aggregate amounts 295,081 146,023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings - 200
Taxation and social security 27,202 12,432
Other creditors 93,476 96,044
120,678 108,676

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
30,000 Ordinary £1 30,000 30,000

10. RESERVES
Fair
value
reserve
£   
At 1 March 2023 (29,331 )
Transfer 26,691

At 29 February 2024 (2,640 )

Specific non-distributable reserves have been set up to record the reserves on the revaluation of the property.

The fair value reserves represent the reserves on the fixed assets investments.

BRETSURE LIMITED (REGISTERED NUMBER: 02720055)

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


11. RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

20242023
£   £   
Amounts owed by/(to) T Robinson (Director)(60,765)(60,703)

Included in other debtors is the amount of £70,981 (2023: £70,981) owed by the connected undertakings to the company.

Connected undertakings:
Fagin's Toys Limited

Group undertakings:
Candent Limited

The controlling party is J E Laming.