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REGISTERED NUMBER: 11390391 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2024

FOR

BREAKSPEARE LIMITED

BREAKSPEARE LIMITED (REGISTERED NUMBER: 11390391)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31ST MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BREAKSPEARE LIMITED

COMPANY INFORMATION
for the Year Ended 31ST MAY 2024







DIRECTOR: M D E Bayntun





REGISTERED OFFICE: 146-148 Newington Butts
S L S
London
SE11 4RN





REGISTERED NUMBER: 11390391 (England and Wales)





ACCOUNTANTS: Underwood Barron LLP
Monks Brook House
13 - 17 Hursley Road
Chandlers Ford
Eastleigh
Hampshire
SO53 2FW

BREAKSPEARE LIMITED (REGISTERED NUMBER: 11390391)

BALANCE SHEET
31ST MAY 2024

31.5.24 31.5.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 3,041,000 3,041,000

CURRENT ASSETS
Debtors 5 15,670 7,738
Cash at bank 9,343 7,914
25,013 15,652
CREDITORS
Amounts falling due within one year 6 260,767 219,737
NET CURRENT LIABILITIES (235,754 ) (204,085 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,805,246

2,836,915

CREDITORS
Amounts falling due after more than one year 7 (2,096,239 ) (2,222,097 )

PROVISIONS FOR LIABILITIES (16,138 ) -
NET ASSETS 692,869 614,818

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 354,688 370,826
Retained earnings 338,081 243,892
692,869 614,818

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

BREAKSPEARE LIMITED (REGISTERED NUMBER: 11390391)

BALANCE SHEET - continued
31ST 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 26th February 2025 and were signed by:





M D E Bayntun - Director


BREAKSPEARE LIMITED (REGISTERED NUMBER: 11390391)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31ST MAY 2024

1. STATUTORY INFORMATION

Breakspeare 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.

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 NIL (2023 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2023
and 31st May 2024 3,041,000
NET BOOK VALUE
At 31st May 2024 3,041,000
At 31st May 2023 3,041,000

BREAKSPEARE LIMITED (REGISTERED NUMBER: 11390391)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST MAY 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31st May 2024 is represented by:
£   
Valuation in 2023 370,826
Cost 2,670,174
3,041,000

5. DEBTORS
31.5.24 31.5.23
as restated
£    £   
Amounts falling due within one year:
Trade debtors 14,045 1,113

Amounts falling due after more than one year:
Amounts owed by associates 1,625 6,625

Aggregate amounts 15,670 7,738

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
as restated
£    £   
Bank loans and overdrafts 110,380 51,715
Amounts owed to associates 1,146 -
Taxation and social security 1,920 2,636
Other creditors 147,321 165,386
260,767 219,737

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
as restated
£    £   
Bank loans 1,591,892 1,688,490
Amounts owed to associates 478,771 506,686
Other creditors 25,576 26,921
2,096,239 2,222,097

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,448,336 1,499,948
Other loans more 5yrs instal 14,493 10,144
1,462,829 1,510,092

BREAKSPEARE LIMITED (REGISTERED NUMBER: 11390391)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31ST MAY 2024

8. RESERVES
Fair
value
reserve
£   
At 1st June 2023 370,826
Revaluation for the year (16,138 )

At 31st May 2024 354,688

9. OTHER FINANCIAL COMMITMENTS

The company's loans with Cynergy Bank are secured on the investment properties.