Company Registration No.
For the Year Ended 30 June 2024
Bryan Investments Limited
Contents
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Balance sheet | 1 |
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Notes to the financial statements | 2 - 3 |
Bryan Investments Limited
Balance Sheet
As at 30 June 2024
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Fixed Assets |
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Tangible assets | 3 |
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Current Assets |
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Cash at bank and in hand |
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Other debtors | 4 |
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Creditors: amounts falling due within one year | 5 | ( |
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Net current liabilities |
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Creditors: amounts falling due within one year | 6 | ( |
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Total assets less total liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss reserves |
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Total equity |
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The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
The directors acknowledge their resonsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
Bryan Investments Limited
Balance Sheet
As at 30 June 2024
The financial statements were approved by the
Director
Company Registration No. 13437378
Bryan Investments Limited
Notes to the Financial Statements
For the year ended 30 June 2024
1 Accounting policies
Company information
Bryan Investments Limited is a private company limited by shares incorporated in
1.1 Accounting convention
1.2 Turnover
1.3 Investment properties
1.4 Tangible fixed assets
Depreciation
Plant and machinery |
Bryan Investments Limited
Notes to the Financial Statements
For the year ended 30 June 2024
1.5 Cash and cash equivalents
1.6 Financial instruments
The company has elected to apply the provisions of Section 11 and Section 12 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.
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price 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 fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts dicounted at a market rate of interest.
1.7 Taxation
The tax expense represents the sum of the tax currently payable.
2 Judgements and key sources of estimation uncertainty
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimate and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Bryan Investments Limited
Notes to the Financial Statements
For the year ended 30 June 2024
3 Tangible fixed assets
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| machinery | buildings | Total |
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Cost of valuation |
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At 1 July 2023 | |||
Additions | |||
Revaluations | - | ||
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At 30 June 2024 | |||
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Depreciation |
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At 1 July 2023 | - | - | - |
Charge for the year | - | ||
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At 30 June 2024 | - | ||
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Carrying amount |
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At 30 June 2024 | |||
At 30 June 2023 |
Included within the above is investment property with a fair value of £440,000 (2023: £250,000).
The fair value of investment property is calculated by considering the value of property sold in a similar condition and location, and assumes such sales are at an open market value. Any fair value adjustments are recognised directly in the profit and loss account, and are non-distributable to the extent that they represent unrealised gains.
4 Debtors
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Prepayments and accrued income | - | |
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Bryan Investments Limited
Notes to the Financial Statements
For the year ended 30 June 2024
5 Creditors: amounts falling due within one year
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Trade creditors | - | |
Accruals and deferred income | ||
Taxation | ||
Other creditors | ||
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6 Creditors: amounts falling due after one year
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Other creditors | - | |
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7 Related party transactions
The following amounts were outstanding at the reporting end date:
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Directors |