Silverfin false false 31/05/2024 01/06/2023 31/05/2024 Mrs Shradha Madhani 01/05/2019 Mr S J Madhani 21/05/2015 15 February 2025 The principal activity of the company continued to be that of an investment company. 09602370 2024-05-31 09602370 bus:Director1 2024-05-31 09602370 bus:Director2 2024-05-31 09602370 2023-05-31 09602370 core:CurrentFinancialInstruments 2024-05-31 09602370 core:CurrentFinancialInstruments 2023-05-31 09602370 core:ShareCapital 2024-05-31 09602370 core:ShareCapital 2023-05-31 09602370 core:RetainedEarningsAccumulatedLosses 2024-05-31 09602370 core:RetainedEarningsAccumulatedLosses 2023-05-31 09602370 2023-06-01 2024-05-31 09602370 bus:FilletedAccounts 2023-06-01 2024-05-31 09602370 bus:SmallEntities 2023-06-01 2024-05-31 09602370 bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09602370 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 09602370 bus:Director1 2023-06-01 2024-05-31 09602370 bus:Director2 2023-06-01 2024-05-31 09602370 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure

Company No: 09602370 (England and Wales)

BRACKEN INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

BRACKEN INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

BRACKEN INVESTMENTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 May 2024
BRACKEN INVESTMENTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 May 2024
DIRECTORS Mrs Shradha Madhani
Mr S J Madhani
REGISTERED OFFICE Sheldon House
The Clump
Rickmansworth
WD3 4BQ
United Kingdom
COMPANY NUMBER 09602370 (England and Wales)
BRACKEN INVESTMENTS LIMITED

BALANCE SHEET

As at 31 May 2024
BRACKEN INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 4,761,753 4,761,753
Investments 70 70
4,761,823 4,761,823
Current assets
Debtors 4 7,086,732 4,593,163
Cash at bank and in hand 5,504 93,595
7,092,236 4,686,758
Creditors: amounts falling due within one year 5 ( 8,355,076) ( 6,284,996)
Net current liabilities (1,262,840) (1,598,238)
Total assets less current liabilities 3,498,983 3,163,585
Net assets 3,498,983 3,163,585
Capital and reserves
Called-up share capital 100 100
Profit and loss account 3,498,883 3,163,485
Total shareholders' funds 3,498,983 3,163,585

For the financial year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Bracken Investments Limited (registered number: 09602370) were approved and authorised for issue by the Board of Directors on 15 February 2025. They were signed on its behalf by:

Mr S J Madhani
Director
BRACKEN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
BRACKEN INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bracken Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sheldon House, The Clump, Rickmansworth, WD3 4BQ, England, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have confirmed that they will continue to support the company financially for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover relates to rental income and is accounted for on an accruals basis.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Investment property

Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Property is subsequently measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 June 2023 4,761,753
As at 31 May 2024 4,761,753

The investment properties were valued at 31 May 2024 by the Directors. The investment properties have a carrying amount at historic cost of £4,761,753 (2023 - £4,761,753).

4. Debtors

2024 2023
£ £
Trade debtors 0 695
Other debtors 7,086,732 4,592,468
7,086,732 4,593,163

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to directors (note 6) 8,227,773 6,177,948
Taxation and social security 111,767 73,112
Other creditors 15,536 33,936
8,355,076 6,284,996

6. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Loans from directors 8,227,773 6,177,948

During the year, the company repaid loans of £6,915,175 (2023 - £2,010,000) to the directors and the directors loaned Bracken Investments Limited a total of £8,965,000 (2023 - £3,050,280). The loans are interest free and repayable on demand.