Registered number
03560623
BRACKTON LIMITED
Filleted Accounts
30 September 2024
BRACKTON LIMITED
Registered number: 03560623
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 18,564 21,840
Investments 4 5,690,944 5,690,944
5,709,508 5,712,784
Current assets
Debtors 5 1,175,828 705,227
Cash at bank and in hand 155,255 198,147
1,331,083 903,374
Creditors: amounts falling due within one year 6 (249,484) (188,056)
Net current assets 1,081,599 715,318
Total assets less current liabilities 6,791,107 6,428,102
Creditors: amounts falling due after more than one year 7 (562,514) (626,514)
Net assets 6,228,593 5,801,588
Capital and reserves
Called up share capital 2 2
Revaluation reserve 8 1,969,273 1,969,273
Profit and loss account 4,259,318 3,832,313
Shareholders' funds 6,228,593 5,801,588
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
MICHAEL GEORGIOU
Director
Approved by the board on 14 March 2025
BRACKTON LIMITED
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings Not provided
Plant and machinery 15% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 80,138
At 30 September 2024 80,138
Depreciation
At 1 October 2023 58,298
Charge for the year 3,276
At 30 September 2024 61,574
Net book value
At 30 September 2024 18,564
At 30 September 2023 21,840
4 Investments
Investments in
subsidiary Other
undertakings investments Total
£ £ £
Cost
At 1 October 2023 30,000 5,660,944 5,690,944
At 30 September 2024 30,000 5,660,944 5,690,944
The company holds 100% of the shares in Kevan Ltd a company incorporated in the UK
5 Debtors 2024 2023
£ £
Trade debtors 76,273 86,601
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,095,713 614,784
Other debtors 3,842 3,842
1,175,828 705,227
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,439 2,973
Taxation and social security costs 143,497 110,095
Other creditors 104,548 74,988
249,484 188,056
7 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 562,514 626,514
8 Revaluation reserve 2024 2023
£ £
At 1 October 2023 1,969,273 1,969,273
At 30 September 2024 1,969,273 1,969,273
9 Other information
BRACKTON LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
FIRST FLOOR
10 HAMPDEN SQUARE
LONDON
N14 5JR
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