1 October 2023 false No description of principal activity Taxfiler 2024.6 10403089business:PrivateLimitedCompanyLtd2023-10-012024-09-30 104030892023-09-30 104030892023-10-012024-09-30 10403089business:AuditExemptWithAccountantsReport2023-10-012024-09-30 10403089business:FilletedAccounts2023-10-012024-09-30 104030892024-09-30 10403089business:Director12023-10-012024-09-30 10403089business:Director22023-10-012024-09-30 10403089business:Director32023-10-012024-09-30 10403089business:Director42023-10-012024-09-30 10403089business:RegisteredOffice2023-10-012024-09-30 104030892023-09-30 10403089core:WithinOneYear2024-09-30 10403089core:WithinOneYear2023-09-30 10403089core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 10403089core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 10403089core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2024-09-30 10403089core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-09-30 10403089core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 10403089core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 10403089core:PreviouslyStatedAmount2024-09-30 10403089core:PreviouslyStatedAmount2023-09-30 10403089business:SmallEntities2023-10-012024-09-30 10403089countries:EnglandWales2023-10-012024-09-30 10403089core:PlantMachinery2023-10-012024-09-30 10403089core:PlantMachinery2023-09-30 10403089core:PlantMachinery2024-09-30 104030892022-10-012023-09-30 iso4217:GBP xbrli:pure
Company Registration No. 10403089 (England and Wales)
Brightnell Development Ltd Unaudited accounts for the year ended 30 September 2024
Brightnell Development Ltd Unaudited accounts Contents
Page
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Brightnell Development Ltd Company Information for the year ended 30 September 2024
Directors
David Joseph Sharpe Joanne Elizabeth Sharpe Jonathan Ritchie Sharpe Ritchie John Sharpe
Company Number
10403089 (England and Wales)
Registered Office
6 Edison Village Science And Technology Park Nottingham NG7 2RF United Kingdom
Accountants
Archimedia Accounts 6 Edison Village Nottingham Science & Technology Park Nottingham Nottinghamshire NG72RF
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Brightnell Development Ltd Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,398 
1,443 
Investment property
490,000 
343,792 
491,398 
345,235 
Current assets
Cash at bank and in hand
15,574 
9,416 
Creditors: amounts falling due within one year
(368,482)
(365,539)
Net current liabilities
(352,908)
(356,123)
Total assets less current liabilities
138,490 
(10,888)
Provisions for liabilities
Deferred tax
(28,045)
- 
Net assets/(liabilities)
110,445 
(10,888)
Capital and reserves
Called up share capital
100 
100 
Fair value reserve
118,428 
- 
Profit and loss account
(8,083)
(10,988)
Shareholders' funds
110,445 
(10,888)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by
Ritchie John Sharpe Director Company Registration No. 10403089
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Brightnell Development Ltd Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Brightnell Development Ltd is a private company, limited by shares, registered in England and Wales, registration number 10403089. The registered office is 6 Edison Village, Science And Technology Park , Nottingham, NG7 2RF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Brightnell Development Ltd Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2023
4,378 
Additions
1,159 
Disposals
(2,579)
At 30 September 2024
2,958 
Depreciation
At 1 October 2023
2,935 
Charge for the year
260 
On disposals
(1,635)
At 30 September 2024
1,560 
Net book value
At 30 September 2024
1,398 
At 30 September 2023
1,443 
5
Investment property
2024 
£ 
Fair value at 1 October 2023
343,792 
Net gain from fair value adjustments
146,208 
At 30 September 2024
490,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
367,499 
364,579 
Accruals
983 
960 
368,482 
365,539 
7
Transactions with related parties
During the year, interest free loans from directors totalled £367499 (2023: £364579).
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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