Silverfin false false 29/02/2024 01/03/2023 29/02/2024 Sean Andrew Reynolds 08/11/2019 27 November 2024 The principal activity of the Company during the financial year was that of the development of building projects. 12304565 2024-02-29 12304565 bus:Director1 2024-02-29 12304565 2023-02-28 12304565 core:CurrentFinancialInstruments 2024-02-29 12304565 core:CurrentFinancialInstruments 2023-02-28 12304565 core:ShareCapital 2024-02-29 12304565 core:ShareCapital 2023-02-28 12304565 core:RetainedEarningsAccumulatedLosses 2024-02-29 12304565 core:RetainedEarningsAccumulatedLosses 2023-02-28 12304565 2023-03-01 2024-02-29 12304565 bus:FilletedAccounts 2023-03-01 2024-02-29 12304565 bus:SmallEntities 2023-03-01 2024-02-29 12304565 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 12304565 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 12304565 bus:Director1 2023-03-01 2024-02-29 12304565 2022-03-01 2023-02-28 12304565 1 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Company No: 12304565 (England and Wales)

BROCKHAM PROPERTY LTD

Unaudited Financial Statements
For the financial year ended 29 February 2024
Pages for filing with the registrar

BROCKHAM PROPERTY LTD

Unaudited Financial Statements

For the financial year ended 29 February 2024

Contents

BROCKHAM PROPERTY LTD

BALANCE SHEET

As at 29 February 2024
BROCKHAM PROPERTY LTD

BALANCE SHEET (continued)

As at 29 February 2024
Note 2024 2023
£ £
Current assets
Stocks 3 439,107 232,836
Cash at bank and in hand 4 940 0
440,047 232,836
Creditors: amounts falling due within one year 5 ( 442,445) ( 235,161)
Net current liabilities (2,398) (2,325)
Total assets less current liabilities (2,398) (2,325)
Net liabilities ( 2,398) ( 2,325)
Capital and reserves
Called-up share capital 1 1
Profit and loss account ( 2,399 ) ( 2,326 )
Total shareholder's deficit ( 2,398) ( 2,325)

For the financial year ending 29 February 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Brockham Property Ltd (registered number: 12304565) were approved and authorised for issue by the Director on 27 November 2024. They were signed on its behalf by:

Sean Andrew Reynolds
Director
BROCKHAM PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
BROCKHAM PROPERTY LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 February 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Brockham Property Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sabre Engineering Works, West Pennard, Glastonbury, BA6 8ND, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

At the balance sheet date the company had net current liabilities. The company is reliant upon the support of its fellow subsidiaries and parent company who have agreed that their loans to the company will not be repaid unless the company has sufficient funds to meet all other liabilities. In view of the above, the director considers it appropriate to prepare the financial statements on the going concern basis.

Stocks

Stock consists of work in progress, which is stated at the lower of cost and estimated selling price less costs to sell, and which is equivalent to the net realisable value. Costs include relevant professional fees, materials, direct labour and an
attributable proportion of overheads based on normal levels of activity.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks or work in progress over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or
loss. Reversals of impairment losses are also recognised in profit or loss

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Stocks

2024 2023
£ £
Work in progress 439,107 232,836

4. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 940 0

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 102,338 102,325
Other creditors 340,107 132,836
442,445 235,161

6. Ultimate controlling party

The company's immediate parent is SAR Property Consultancy Ltd, incorporated in England and Wales.

Its registered office address is Laurels Farm, Mill Road, Barton St David, Somerton, Somerset, TA11 6DF.

These financial statements are available upon request from Companies House, Cardiff.