Brook Forge Developments Limited

Registered number

11553238

Filleted Accounts

30 September 2024

Brook Forge Developments Limited
Registered number:		11553238
Balance Sheet
as at 30 September 2024

Notes			2024			2023
£				£
Fixed assets
Tangible assets	3		131,332			137,992
Investments	4		500,086			500,086
			631,418			638,078

Current assets
Stocks		58,208			57,708
Debtors	5	11,172			16,168
Cash at bank and in hand		13,834			12,773
		83,214			86,649

Creditors: amounts falling due within one year	6	(526,811)			(519,110)

Net current liabilities			(443,597)			(432,461)

Total assets less current liabilities			187,821			205,617

Creditors: amounts falling due after more than one year	7		(109,404)			(128,332)

Provisions for liabilities			(14,156)			(15,062)


Net assets			64,261			62,223

Capital and reserves
Called up share capital			100			100
Profit and loss account			64,161			62,123

Shareholders' funds			64,261			62,223

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 Douglas
Director
Approved by the board on 2 April 2025

Brook Forge Developments 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:


	Land and buildings			3% straight line
	Plant and machinery			20% reducing balance
	Fixtures, fittings, tools and equipment			20% 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.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	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					0		0


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 October 2023	63,040		96,794		36,573		196,407
	Additions	-		37,260		-		37,260
	Disposals	-		-		(36,573)		(36,573)
	At 30 September 2024	63,040		134,054		-		197,094

	Depreciation
	At 1 October 2023	4,320		40,928		13,167		58,415
	Charge for the year	1,891		18,623		-		20,514
	On disposals	-		-		(13,167)		(13,167)
	At 30 September 2024	6,211		59,551		-		65,762

	Net book value
	At 30 September 2024	56,829		74,503		-		131,332
	At 30 September 2023	58,720		55,866		23,406		137,992


4	Investments

Other
investments
£
	Cost
	At 1 October 2023							500,086

	At 30 September 2024							500,086
	The company owns properties which at the balance sheet date were rented or being altered or undergoing planning for future rental or development. The properties are included at cost as the directors consider this figure to be similar to the fair market value.


5	Debtors					2024		2023
£							£

	Trade debtors					5,896		3,043
	Other debtors					5,276		13,125
						11,172		16,168


6	Creditors: amounts falling due within one year					2024		2023
£							£

	Bank loans and overdrafts					19,552		20,832
	Trade creditors					6,722		3,791
	Directors' loans					269,137		310,487
	Other creditors					231,400		184,000
						526,811		519,110


7	Creditors: amounts falling due after one year					2024		2023
£							£

	Bank loans					109,404		128,332


8	Loans					2024		2023
£							£
	Creditors include:
	Instalments falling due for payment after more than five years					44,641		59,543


	Secured bank loans					112,290		128,332

	The bank loan is secured over an investment property.


9	Related party transactions

	The directors have loaned money to the company, interest free and repayable on demand. The balance at 30 September 2024 was £269,137. The company has borrowed money from an associated business Brook Forge Farriers Limited. The amount loaned and repayable is £231,400. There are no fixed repayment terms and interest is charged to the profit and loss account.


10	Controlling party

	The is no overall controlling party as the shareholdings are equal at 50 shares each.


11	Other information

	Brook Forge Developments Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Stoneybridge House
	Tywardreath
	Par
	Cornwall
	PL24 2TY