Brantton Limited 4201156 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is investing in property. Digita Accounts Production Advanced 6.30.9574.0 true true 4201156 2023-04-01 2024-03-31 4201156 2024-03-31 4201156 core:RetainedEarningsAccumulatedLosses 2024-03-31 4201156 core:ShareCapital 2024-03-31 4201156 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 4201156 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 4201156 bus:SmallEntities 2023-04-01 2024-03-31 4201156 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 4201156 bus:FilletedAccounts 2023-04-01 2024-03-31 4201156 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 4201156 bus:RegisteredOffice 2023-04-01 2024-03-31 4201156 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 4201156 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 4201156 countries:EnglandWales 2023-04-01 2024-03-31 4201156 2023-03-31 4201156 2022-04-01 2023-03-31 4201156 2023-03-31 4201156 core:RetainedEarningsAccumulatedLosses 2023-03-31 4201156 core:ShareCapital 2023-03-31 4201156 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 4201156 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 4201156

Brantton Limited



Filleted Unaudited Financial Statements

for the Year Ended 31 March 2024

 

Brantton Limited

 

(Registration number: 4201156)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

2,120,381

1,975,000

Investments in joint property syndicates

5

572,140

598,902

 

2,692,521

2,573,902

Current assets

 

Debtors

6

274,778

274,443

Cash at bank and in hand

 

162,403

211,927

 

437,181

486,370

Creditors: Amounts falling due within one year

7

(9,523)

(32,111)

Net current assets

 

427,658

454,259

Total assets less current liabilities

 

3,120,179

3,028,161

Creditors: Amounts falling due after more than one year

7

(1,256,526)

(1,239,827)

Provisions for liabilities

(163,275)

(138,275)

Net assets

 

1,700,378

1,650,059

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

765,935

815,616

Non-distributable reserve

 

934,441

834,441

Total equity

 

1,700,378

1,650,059

 

Brantton Limited

 

(Registration number: 4201156)
Balance Sheet as at 31 March 2024

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 February 2025 and signed on its behalf by:
 

.........................................
A J Roberts
Company secretary and director

 

Brantton Limited

 

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
25-27 Brackley Street
Farnworth
Bolton
BL4 9DS
England

These financial statements were authorised for issue by the Board on 20 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Investment in Joint Property Syndicates

Investments in syndicates are accounted for under the equity accounting method.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Brantton Limited

 

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

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Brantton Limited

 

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Brantton Limited

 

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

4

Investment properties

2024
£

At 1 April 23

1,975,000

Additions

20,381

Fair value adjustments

125,000

At 31 March 24

2,120,381

There has been no valuation of investment property by an independent valuer.

The historical cost of the property is £1,022,665.

5

Investments in joint property syndicates

£

Capital as at 1 April 2023

598,900

Additions

40,708

Surplus/Deficit

(11,076)

Repayments

(56,392)

At 31 March 2024

572,140

6

Debtors

Current

2024
£

2023
£

Prepayments

4,526

4,190

Other debtors

270,252

270,253

 

274,778

274,443

 

Brantton Limited

 

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

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6,000

28,000

Taxation and social security

 

36

26

Accruals and deferred income

 

2,160

2,760

Other creditors

 

1,327

1,325

 

9,523

32,111


Creditors include bank loans which are secured of £6,000 (2022 - £28,000).

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

1,256,526

1,239,827

Creditors include bank loans which are secured of £1,249,883 (2023 - £1,221,883).