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Company Registration No. 11771612 (England and Wales)
BRACK DEVELOPMENTS LTD Unaudited accounts for the year ended 30 June 2024
BRACK DEVELOPMENTS LTD Unaudited accounts Contents
Page
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BRACK DEVELOPMENTS LTD Company Information for the year ended 30 June 2024
Director
Ryan James Rousseau
Company Number
11771612 (England and Wales)
Registered Office
7 Chancery Close Lincoln LN6 8SD United Kingdom
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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BRACK DEVELOPMENTS LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
336 
444 
Current assets
Inventories
601,234 
601,234 
Debtors
13,856 
14,930 
Cash at bank and in hand
(1,547)
46 
613,543 
616,210 
Creditors: amounts falling due within one year
(15,729)
(16,371)
Net current assets
597,814 
599,839 
Total assets less current liabilities
598,150 
600,283 
Creditors: amounts falling due after more than one year
(306,789)
(304,133)
Net assets
291,361 
296,150 
Capital and reserves
Called up share capital
100 
100 
Capital contribution reserve
314,000 
314,000 
Profit and loss account
(22,739)
(17,950)
Shareholders' funds
291,361 
296,150 
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 10 March 2025 and were signed on its behalf by
Ryan James Rousseau Director Company Registration No. 11771612
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BRACK DEVELOPMENTS LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
BRACK DEVELOPMENTS LTD is a private company, limited by shares, registered in England and Wales, registration number 11771612. The registered office is 7 Chancery Close, Lincoln, LN6 8SD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance
Computer equipment
25% Reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of completed construction.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
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BRACK DEVELOPMENTS LTD Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 July 2023
105 
758 
863 
At 30 June 2024
105 
758 
863 
Depreciation
At 1 July 2023
52 
367 
419 
Charge for the year
10 
98 
108 
At 30 June 2024
62 
465 
527 
Net book value
At 30 June 2024
43 
293 
336 
At 30 June 2023
53 
391 
444 
5
Inventories
2024 
2023 
£ 
£ 
Work in progress
601,234 
601,234 
601,234 
601,234 
Plot 1. (Billinghay) A two storey property as at June 30th 2024. (Due to being a double storey building a 20% increase cost allocation has been made against this Plot.) Inventory value: £326,550 (Land value: £40,000 + Materials, labour, overheads apportionment: £286,550) ____________________________________________________________________________________ Plot 2. (Billinghay) A single storey property as at June 30th 2024. Inventory value: £274,684 (Land value: £40,000 + Materials, labour, overheads apportionment: £234,684) _____________________________________________________________________________________
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due after more than one year
Other debtors
13,856 
14,930 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Accruals
15,729 
16,371 
Accrued costs £15,729 Interest £14,671 Accounting £1,058
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BRACK DEVELOPMENTS LTD Notes to the Accounts for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
306,789 
304,133 
An external loan from the PJD Personal Injury Trust of: £306,679 cumulative to date.
9
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Transactions with related parties
The director and minority shareholder of Brack Developments Ltd, Mr Ryan Rousseau is also a director and majority shareholder of RFBS Group Ltd registration number 13667912 (subsidiary within the group RFBS Accounting Ltd registration number 13667924) Brack Developments Ltd has granted an unsecured loan of some £19,500 to RFBS Group Ltd as at June 30th 2022. The repayment process has begun and the current loan balance stands at some £13,856 at June 30th 2024. This loan is considered a long term debtor within these statements.
11
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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