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Company No: 04439949 (England and Wales)

BRAXTED CAPITAL MANAGEMENT LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

BRAXTED CAPITAL MANAGEMENT LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

BRAXTED CAPITAL MANAGEMENT LIMITED

COMPANY INFORMATION

For the financial year ended 31 March 2024
BRAXTED CAPITAL MANAGEMENT LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 March 2024
DIRECTOR D A Clark
SECRETARY F M Barkham
REGISTERED OFFICE The Glebe House
Braxted Road
Kelvedon
Colchester
Essex
CO5 9BS
United Kingdom
COMPANY NUMBER 04439949 (England and Wales)
ACCOUNTANT Evelyn Partners LLP
Stonecross
Trumpington High Street
Cambridge
CB2 9SU
BRAXTED CAPITAL MANAGEMENT LIMITED

BALANCE SHEET

As at 31 March 2024
BRAXTED CAPITAL MANAGEMENT LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 95,967 90,913
95,967 90,913
Current assets
Stocks 4 6,851 8,803
Debtors 5 90,635 847,615
Cash at bank and in hand 87,463 143,840
184,949 1,000,258
Creditors: amounts falling due within one year 6 ( 80,930) ( 1,001,297)
Net current assets/(liabilities) 104,019 (1,039)
Total assets less current liabilities 199,986 89,874
Provision for liabilities 7 ( 18,963) ( 19,226)
Net assets 181,023 70,648
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 180,923 70,548
Total shareholders' funds 181,023 70,648

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.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Braxted Capital Management Limited (registered number: 04439949) were approved and authorised for issue by the Director on 27 March 2025. They were signed on its behalf by:

D A Clark
Director
BRAXTED CAPITAL MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
BRAXTED CAPITAL MANAGEMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Braxted Capital Management Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Glebe House, Braxted Road, Kelvedon, Colchester, Essex, CO5 9BS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Braxted Capital Management Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

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

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 3 - 10 years straight line
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 6 6

3. Tangible assets

Plant and machinery Vehicles Total
£ £ £
Cost
At 01 April 2023 137,832 0 137,832
Additions 647 20,495 21,142
At 31 March 2024 138,479 20,495 158,974
Accumulated depreciation
At 01 April 2023 46,919 0 46,919
Charge for the financial year 15,234 854 16,088
At 31 March 2024 62,153 854 63,007
Net book value
At 31 March 2024 76,326 19,641 95,967
At 31 March 2023 90,913 0 90,913

4. Stocks

2024 2023
£ £
Stocks 6,851 8,803

5. Debtors

2024 2023
£ £
Trade debtors 66,887 56,503
Other debtors 23,748 791,112
90,635 847,615

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 14,899 17,015
Taxation and social security 59,946 37,058
Other creditors 6,085 947,224
80,930 1,001,297

7. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 19,226) ( 16,134)
Credited/(charged) to the Statement of Income and Retained Earnings 263 ( 3,092)
At the end of financial year ( 18,963) ( 19,226)

8. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
94 A ordinary shares of £ 1.00 each 94 94
1 B ordinary share of £ 1.00 1 1
1 C ordinary share of £ 1.00 1 1
1 D ordinary share of £ 1.00 1 1
1 E ordinary share of £ 1.00 1 1
1 F ordinary share of £ 1.00 1 1
1 G ordinary share of £ 1.00 1 1
100 100

9. Related party transactions

During the year, the Company made repayments of a loan to Braxted Park 1994 Settlement, of which the director is the main beneficiary. The intercompany loan totalled £nil at the year-end (2023: £937,364). No interest is accrued on the balance of this loan and there is no fixed repayment date.

Braxted Park 1994 Settlement took out an interest bearing loan from the company totally £nil (2023: £350,000) at the year-end. Interest was charged at market rate and there is no fixed repayment date.

The Company is owed £23,748 at the year-end (2023: £441,112) from Braxted Park 1994 Settlement. No interest is accrued on the balance of this loan and there is no fixed repayment date.