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REGISTERED NUMBER: 12682867 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 JUNE 2024

FOR

BRAYDON LANE LIMITED

BRAYDON LANE LIMITED (REGISTERED NUMBER: 12682867)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRAYDON LANE LIMITED

COMPANY INFORMATION
for the year ended 30 June 2024







DIRECTORS: R W M Brook
A B Mcstay





REGISTERED OFFICE: 52-54 The Green
Banbury
Oxfordshire
OX16 9AB





REGISTERED NUMBER: 12682867 (England and Wales)





ACCOUNTANTS: the dt group
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

BRAYDON LANE LIMITED (REGISTERED NUMBER: 12682867)

BALANCE SHEET
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 80 127
Investment property 5 5,000,000 4,750,000
5,000,080 4,750,127

CURRENT ASSETS
Debtors 6 48,014 73,582
Cash at bank 283,342 240,472
331,356 314,054
CREDITORS
Amounts falling due within one year 7 102,179 139,641
NET CURRENT ASSETS 229,177 174,413
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,229,257

4,924,540

CREDITORS
Amounts falling due after more than one
year

8

(2,636,818

)

(2,672,312

)

PROVISIONS FOR LIABILITIES 10 (560,000 ) (497,500 )
NET ASSETS 2,032,439 1,754,728

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,032,437 1,754,726
2,032,439 1,754,728

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

BRAYDON LANE LIMITED (REGISTERED NUMBER: 12682867)

BALANCE SHEET - continued
30 June 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 7 January 2025 and were signed on its behalf by:




R W M Brook - Director



A B Mcstay - Director


BRAYDON LANE LIMITED (REGISTERED NUMBER: 12682867)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2024

1. STATUTORY INFORMATION

Braydon Lane 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.

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.
Plant and machinery etc - 25% straight line basis

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 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 ) .

BRAYDON LANE LIMITED (REGISTERED NUMBER: 12682867)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 191
DEPRECIATION
At 1 July 2023 64
Charge for year 47
At 30 June 2024 111
NET BOOK VALUE
At 30 June 2024 80
At 30 June 2023 127

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 4,750,000
Revaluations 250,000
At 30 June 2024 5,000,000
NET BOOK VALUE
At 30 June 2024 5,000,000
At 30 June 2023 4,750,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2023 1,988,956
Valuation in 2024 250,000
Cost 2,761,044
5,000,000

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

2024 2023
£    £   
Cost 2,761,044 2,761,044

Investment property was valued on an open market basis on 30 June 2024 by the directors of the company .

BRAYDON LANE LIMITED (REGISTERED NUMBER: 12682867)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 12,544 27,724
Other debtors 35,470 45,858
48,014 73,582

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 36,983 36,291
Trade creditors - 24,824
Taxation and social security 43,656 54,022
Other creditors 21,540 24,504
102,179 139,641

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 851,520 887,014
Other creditors 1,785,298 1,785,298
2,636,818 2,672,312

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 888,503 923,305

Lloyds Bank Plc have a charge on the company's freehold property in Braydon Lane, Swindon in a mortgage dated 2 October 2020.

Lloyds Bank Plc also have a fixed and floating charge on the property and undertaking of the company, in a debenture dated 2 October 2020.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Other timing differences 560,000 497,500

BRAYDON LANE LIMITED (REGISTERED NUMBER: 12682867)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2024

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 497,500
Accelerated capital allowances
Deferred tax on investment 62,500
property revaluation
Balance at 30 June 2024 560,000

11. RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to it's shareholders.

Included within other creditors is £1,785,298 (2023: £1,785,298) owed to the participators. No interest is currently being charged on this loan.