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REGISTERED NUMBER: 02028200 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Brambridge Limited

Brambridge Limited (Registered number: 02028200)






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


Brambridge Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr V Bellini
Mrs L P Bellini





SECRETARY: Mrs L P Bellini





REGISTERED OFFICE: 497a Hucknall Road
Sherwood
Nottingham
NG5 1FW





REGISTERED NUMBER: 02028200 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Brambridge Limited (Registered number: 02028200)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 696 688
Investment property 5 333,123 333,123
333,819 333,811

CURRENT ASSETS
Debtors 6 701 18,490
Cash at bank 22,181 22,126
22,882 40,616
CREDITORS
Amounts falling due within one year 7 10,024 8,966
NET CURRENT ASSETS 12,858 31,650
TOTAL ASSETS LESS CURRENT
LIABILITIES

346,677

365,461

PROVISIONS FOR LIABILITIES 56,158 56,156
NET ASSETS 290,519 309,305

CAPITAL AND RESERVES
Called up share capital 8 100 100
Non-distributable reserve 167,952 167,952
Retained earnings 122,467 141,253
SHAREHOLDERS' FUNDS 290,519 309,305

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 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.

Brambridge Limited (Registered number: 02028200)

Balance Sheet - continued
31 March 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 November 2024 and were signed on its behalf by:





Mr V Bellini - Director


Brambridge Limited (Registered number: 02028200)

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

1. STATUTORY INFORMATION

Brambridge 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 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.
Equipment - 15% on reducing balance
Computer equipment - 25% on reducing balance

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 Statement of Income and Retained Earnings, 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 2 (2023 - 2 ) .

Brambridge Limited (Registered number: 02028200)

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

4. TANGIBLE FIXED ASSETS
Computer
Equipment equipment Totals
£    £    £   
COST
At 1 April 2023 5,253 925 6,178
Additions 139 - 139
At 31 March 2024 5,392 925 6,317
DEPRECIATION
At 1 April 2023 4,635 855 5,490
Charge for year 114 17 131
At 31 March 2024 4,749 872 5,621
NET BOOK VALUE
At 31 March 2024 643 53 696
At 31 March 2023 618 70 688

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 333,123
NET BOOK VALUE
At 31 March 2024 333,123
At 31 March 2023 333,123

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 193,936
Valuation in 2016 15,000
Valuation in 2017 15,000
Cost 109,187
333,123

If investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 109,187 109,187

Investment property was valued on an open market basis on 31 March 2024 by the directors .

Brambridge Limited (Registered number: 02028200)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts - 17,760
Prepayments and accrued income 701 730
701 18,490

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 2,277 3,555
Other creditors 6,631 4,511
Directors' current accounts 174 -
Accruals and deferred income 942 900
10,024 8,966

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
Mr V Bellini and Mrs L P Bellini
Balance outstanding at start of year 17,760 (331 )
Amounts advanced 21,340 25,169
Amounts repaid (39,274 ) (7,078 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (174 ) 17,760

Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest at 2% per annum up to 5th April 2023 and at 2.25% thereafter.

10. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided by companies with common directors amounted to £6,631 (2023: £4,511).