Company registration number 00250835 (England and Wales)
BRAMAH LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BRAMAH LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
BRAMAH LIMITED
BALANCE SHEET
AS AT 30 SEPTEMBER 2024
30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
5
500,000
500,000
Investments
6
44,812,455
39,461,182
45,312,455
39,961,182
Current assets
Debtors
7
11,800
6,876
Cash at bank and in hand
14,435
29,623
26,235
36,499
Creditors: amounts falling due within one year
8
(1,085,105)
(1,163,129)
Net current liabilities
(1,058,870)
(1,126,630)
Total assets less current liabilities
44,253,585
38,834,552
Provisions for liabilities
9
(4,432,032)
(2,955,183)
Net assets
39,821,553
35,879,369
Capital and reserves
Called up share capital
10
4,981,596
4,981,596
Revaluation reserve
23,934,751
19,969,339
Capital redemption reserve
225,471
225,471
Profit and loss reserves
10,679,735
10,702,963
Total equity
39,821,553
35,879,369

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 12 December 2024 and are signed on its behalf by:
Mr JG Bramah
Director
Company registration number 00250835 (England and Wales)
BRAMAH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 2 -
1
Accounting policies
Company information

Bramah Limited is a private company limited by shares incorporated in England and Wales. The registered office is 274 Chesterfield Road, Dronfield, Derbyshire, S18 1XJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

 

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

It is the directors' policy not to capitalise fixed assets with a value below £1,000.

1.2
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.3
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.4
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Fair value measurement of financial instruments

Non-puttable ordinary shares are valued at the quoted price at the year end date.

BRAMAH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.5
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
1.7
Leases

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

BRAMAH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
3
3
3
Taxation
2024
2023
£
£
Current tax
UK income tax
-
0
(181)
Deferred tax
Origination and reversal of timing differences
1,476,849
1,027,795
Total tax charge
1,476,849
1,027,614
4
Dividends
2024
2023
£
£
Final paid
1,061,080
981,374
Interim paid
170,371
170,371
1,231,451
1,151,745

The proposed final dividend for the year ended 30 September 2024 is:

2024
2023
Per share
Total
Total
Pence
£
£
final dividend
23.03
1,147,262
1,061,080

The proposed final dividend is subject to approval by shareholders and has not been included as a liability in these financial statements.

5
Investment property
2024
£
Fair value
At 1 October 2023 and 30 September 2024
500,000
BRAMAH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
5
Investment property
(Continued)
- 5 -

Investment property comprises the property held at Chesterfield Road, Dronfield. In the opinion of the directors, the market value of the investment properties was £500,000 at 30 September 2024 (2023: £500,000).

6
Fixed asset investments
2024
2023
£
£
Other investments other than loans
44,812,455
39,461,182
Fixed asset investments revalued

Investments have been stated at fair value. The historic cost of the investments held is £16,591,241 (2023: £16,682,230).

Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 October 2023
39,461,182
Additions
654,340
Valuation changes
5,442,261
Profit on disposals
711,484
Disposals
(1,456,812)
At 30 September 2024
44,812,455
Carrying amount
At 30 September 2024
44,812,455
At 30 September 2023
39,461,182
7
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,986
5,420
Other debtors
5,814
1,456
11,800
6,876
BRAMAH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024
- 6 -
8
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
1,048,895
1,133,506
Trade creditors
4,905
680
Other creditors
31,305
28,943
1,085,105
1,163,129

Handelsbanken plc have a fixed and floating charge which covers all assets of the company.

9
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
4,432,032
2,955,183
10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
4,981,596
4,981,596
4,981,596
4,981,596
11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Charles Ringrose
Statutory Auditor:
BHP LLP
Date of audit report:
12 December 2024
2024-09-302023-10-01falsefalsefalse12 December 2024CCH SoftwareCCH Accounts Production 2024.310No description of principal activityJonathan Gordon BramahJeremy Laurence BramahAndrew D BramahMr ME Jessop002508352023-10-012024-09-30002508352024-09-30002508352023-09-3000250835core:CurrentFinancialInstrumentscore:WithinOneYear2024-09-3000250835core:CurrentFinancialInstrumentscore:WithinOneYear2023-09-3000250835core:CurrentFinancialInstruments2024-09-3000250835core:CurrentFinancialInstruments2023-09-3000250835core:ShareCapital2024-09-3000250835core:ShareCapital2023-09-3000250835core:RevaluationReserve2024-09-3000250835core:RevaluationReserve2023-09-3000250835core:CapitalRedemptionReserve2024-09-3000250835core:CapitalRedemptionReserve2023-09-3000250835core:RetainedEarningsAccumulatedLosses2024-09-3000250835core:RetainedEarningsAccumulatedLosses2023-09-3000250835bus:Director12023-10-012024-09-30002508352022-10-012023-09-300025083512023-10-012024-09-300025083512022-10-012023-09-3000250835bus:OrdinaryShareClass22023-10-012024-09-3000250835bus:OrdinaryShareClass22022-10-012023-09-30002508352023-09-3000250835core:WithinOneYear2024-09-3000250835core:WithinOneYear2023-09-3000250835bus:PrivateLimitedCompanyLtd2023-10-012024-09-3000250835bus:SmallCompaniesRegimeForAccounts2023-10-012024-09-3000250835bus:FRS1022023-10-012024-09-3000250835bus:Audited2023-10-012024-09-3000250835bus:Director22023-10-012024-09-3000250835bus:Director32023-10-012024-09-3000250835bus:CompanySecretary12023-10-012024-09-3000250835bus:FullAccounts2023-10-012024-09-30xbrli:purexbrli:sharesiso4217:GBP