Bramble Investments Limited 00606613 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is that of property and general investment Digita Accounts Production Advanced 6.30.9574.0 true true 00606613 2023-07-01 2024-06-30 00606613 2024-06-30 00606613 bus:OrdinaryShareClass1 2024-06-30 00606613 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:CurrentFinancialInstruments 2024-06-30 00606613 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 00606613 core:FurnitureFittings 2024-06-30 00606613 bus:SmallEntities 2023-07-01 2024-06-30 00606613 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 00606613 bus:FilletedAccounts 2023-07-01 2024-06-30 00606613 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 00606613 bus:RegisteredOffice 2023-07-01 2024-06-30 00606613 bus:Director2 2023-07-01 2024-06-30 00606613 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 00606613 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 00606613 core:FurnitureFittings 2023-07-01 2024-06-30 00606613 countries:AllCountries 2023-07-01 2024-06-30 00606613 2023-06-30 00606613 core:FurnitureFittings 2023-06-30 00606613 2022-07-01 2023-06-30 00606613 2023-06-30 00606613 bus:OrdinaryShareClass1 2023-06-30 00606613 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss core:CurrentFinancialInstruments 2023-06-30 00606613 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 00606613

Bramble Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2024

 

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

(Registration number: 00606613)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

5

699,780

699,780

Current assets

 

Other financial assets

6

818,304

738,823

Cash at bank and in hand

 

6,457

58,448

 

824,761

797,271

Creditors: Amounts falling due within one year

8

(14,064)

(16,201)

Net current assets

 

810,697

781,070

Total assets less current liabilities

 

1,510,477

1,480,850

Provisions for liabilities

(20,956)

(20,956)

Net assets

 

1,489,521

1,459,894

Capital and reserves

 

Called up share capital

9

100,000

100,000

Revaluation reserve

1,359,894

146,603

Retained earnings

29,627

1,213,291

Shareholders' funds

 

1,489,521

1,459,894

For the financial year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 2 December 2024 and signed on its behalf by:
 

.........................................
Mrs C Hubel-Allen
Director

 

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

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Karadys
Oakley Road
Battledown
Cheltenham
GL52 6NL

These financial statements were authorised for issue by the Board on 2 December 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

2

Accounting policies (continued)

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2023 - 1).

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 July 2023

2,745

2,745

At 30 June 2024

2,745

2,745

Depreciation

At 1 July 2023

2,745

2,745

At 30 June 2024

2,745

2,745

Carrying amount

At 30 June 2024

-

-

5

Investment properties

2024
£

At 1 July

699,780

At 30 June

699,780

The valuation of the freehold investment property has remained at £450,000. The valuation of the long leasehold investment properties remained at £249,780.

The valuations were undertaken at the year end and represent the directors' estimates based on information provided by a professional valuer with extensive knowledge of the property markets in the regions in which the properties are located. In the directors' opinion the valuations reflect the current open market value of the properties as at the year end date.

6

Other financial assets (current and non-current)

2024
£

2023
£

Current financial assets

Financial assets at fair value through profit and loss

818,304

738,823

 

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024 (continued)

7

Debtors

2024
£

2023
£

-

-

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

2,416

9,965

Accruals and deferred income

4,400

4,400

Other creditors

7,248

1,836

14,064

16,201

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100,000

100,000

100,000

100,000