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REGISTERED NUMBER: 09589948 (England and Wales)















Unaudited Financial Statements For The Year Ended 31 May 2024

for

Bray Lodge Limited

Bray Lodge Limited (Registered number: 09589948)






Contents of the Financial Statements
For The Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bray Lodge Limited

Company Information
For The Year Ended 31 May 2024







DIRECTOR: F E P Meadows





REGISTERED OFFICE: 56 Church Street
Weybridge
Surrey
KT13 8DP





REGISTERED NUMBER: 09589948 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

Bray Lodge Limited (Registered number: 09589948)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 1,369,500 1,369,500
1,369,500 1,369,500

CURRENT ASSETS
Debtors 6 4,887 5,166
Cash at bank 480 1,526
5,367 6,692
CREDITORS
Amounts falling due within one year 7 844,418 857,793
NET CURRENT LIABILITIES (839,051 ) (851,101 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,449

518,399

CREDITORS
Amounts falling due after more than one
year

8

(299,400

)

(313,800

)

PROVISIONS FOR LIABILITIES (23,205 ) (23,205 )
NET ASSETS 207,844 181,394

CAPITAL AND RESERVES
Called up share capital 10 100 100
Fair value reserve 11 69,614 69,614
Retained earnings 11 138,130 111,680
SHAREHOLDERS' FUNDS 207,844 181,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Bray Lodge Limited (Registered number: 09589948)

Balance Sheet - continued
31 May 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 director and authorised for issue on 27 January 2025 and were signed by:





F E P Meadows - Director


Bray Lodge Limited (Registered number: 09589948)

Notes to the Financial Statements
For The Year Ended 31 May 2024

1. STATUTORY INFORMATION

Bray Lodge 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 for rent and management charges and represents rental income due for the accounting period.

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 cost

Investment property
Investment property is initially measured at cost when purchased. Thereafter it is shown at most recent valuation carried out by independent, qualified, third parties. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement and retained earnings carried forward.

Financial instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax, where material, is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Bray Lodge Limited (Registered number: 09589948)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

2. ACCOUNTING POLICIES - continued

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 June 2023
and 31 May 2024 6,708
DEPRECIATION
At 1 June 2023
and 31 May 2024 6,708
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,369,500
NET BOOK VALUE
At 31 May 2024 1,369,500
At 31 May 2023 1,369,500

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2023 92,819
Cost 1,276,681
1,369,500

Bray Lodge Limited (Registered number: 09589948)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 1,465 1,465
Prepayments 3,422 3,701
4,887 5,166

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 14,400 14,400
Trade creditors 125 996
Corporation tax 6,204 4,853
Directors' current accounts 814,151 828,763
Deferred income 7,207 6,593
Accrued expenses 2,331 2,188
844,418 857,793

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans more 5 yr by instal 299,400 313,800

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 299,400 313,800

Since the 2023 accounts were prepared Handelsbanken have reviewed the Company's financial statements and identified a drawdown loan for £75,000 taken out on 2 August 2023. This was originally treated as part of the movement on the director's drawings.

The accounts have been corrected by reducing the director's loan account by £75k and increasing the secured debts by £75,000.

Comparatives have also been changed to reflect this correction.

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 313,800 328,200

The bank loans are secured on investment properties.

Bray Lodge Limited (Registered number: 09589948)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary 1 100 100

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2023 111,680 69,614 181,294
Profit for the year 26,450 26,450
At 31 May 2024 138,130 69,614 207,744