Acorah Software Products - Accounts Production 16.2.850 false true true 31 July 2023 1 August 2022 false 1 August 2023 31 July 2024 31 July 2024 03603302 Mr D W Brewster Mrs J C Brewster Miss J Brewster Mr W Brewster Mrs J C Brewster iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03603302 2023-07-31 03603302 2024-07-31 03603302 2023-08-01 2024-07-31 03603302 frs-core:CurrentFinancialInstruments 2024-07-31 03603302 frs-core:Non-currentFinancialInstruments 2024-07-31 03603302 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-07-31 03603302 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-08-01 2024-07-31 03603302 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-07-31 03603302 frs-core:ShareCapital 2024-07-31 03603302 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 03603302 frs-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 03603302 frs-bus:FilletedAccounts 2023-08-01 2024-07-31 03603302 frs-bus:SmallEntities 2023-08-01 2024-07-31 03603302 frs-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 03603302 frs-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 03603302 frs-bus:Director1 2023-08-01 2024-07-31 03603302 frs-bus:Director2 2023-08-01 2024-07-31 03603302 frs-bus:Director3 2023-08-01 2024-07-31 03603302 frs-bus:Director4 2023-08-01 2024-07-31 03603302 frs-bus:CompanySecretary1 2023-08-01 2024-07-31 03603302 frs-countries:EnglandWales 2023-08-01 2024-07-31 03603302 2022-07-31 03603302 2023-07-31 03603302 2022-08-01 2023-07-31 03603302 frs-core:CurrentFinancialInstruments 2023-07-31 03603302 frs-core:Non-currentFinancialInstruments 2023-07-31 03603302 frs-core:ShareCapital 2023-07-31 03603302 frs-core:RetainedEarningsAccumulatedLosses 2023-07-31
Registered number: 03603302
Brackenview Developments Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 03603302
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,260,000 1,810,000
1,260,000 1,810,000
CURRENT ASSETS
Debtors 5 14,558 1,797
Cash at bank and in hand 150,999 10,041
165,557 11,838
Creditors: Amounts Falling Due Within One Year 6 (266,321 ) (624,869 )
NET CURRENT ASSETS (LIABILITIES) (100,764 ) (613,031 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,159,236 1,196,969
Creditors: Amounts Falling Due After More Than One Year 7 (7,337 ) (32,813 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (156,692 ) (219,379 )
NET ASSETS 995,207 944,777
CAPITAL AND RESERVES
Called up share capital 8 4 4
Profit and Loss Account 995,203 944,773
SHAREHOLDERS' FUNDS 995,207 944,777
Page 1
Page 2
For the year ending 31 July 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr D W Brewster
Director
22 April 2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brackenview Developments Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03603302 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year recognised on an accruals basis.
2.4. Investment Properties
Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
2.5. Financial Instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.
2.6. Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference. Deferred tax is recognised in respect of all material timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax, with the following exceptions:
2.7. Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
2.8. Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
2.9. Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Land & Property
Freehold
£
Cost
As at 1 August 2023 1,810,000
Disposals (550,000 )
As at 31 July 2024 1,260,000
Net Book Value
As at 31 July 2024 1,260,000
As at 1 August 2023 1,810,000
Cost or valuation as at 31 July 2024 represented by:
Land & Property
Freehold
£
At cost 1,260,000
1,260,000
The investment properties were valued on an open market value basis by the director, Mr D Brewster on 31 July 2023 at £1,810,000.
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 14,558 1,797
14,558 1,797
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 322
Other creditors 265,694 624,002
Taxation and social security 626 545
266,321 624,869
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Other creditors 7,337 32,813
7,337 32,813
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
9. Directors Advances, Credits and Guarantees
No director received advances, credits or guarantees during the current or previous accounting periods.
10. Related Party Transactions
The following related party transactions where undertaken during the year:
A company related by common control provided interest free loans of £19,640 and was repaid £141 (2023: provided interest free loans of £8,180 and repaid £16,505). At the balance sheet date the amount receivable was £13,169 (2023: Amount payable was £6,330).
A partnership related by common control provided interest free loans of £3,619 and was repaid £22,759 (2023: provided interest free loans of £27,083 and was repaid £23,648). At the balance sheet date the amount payable was £7,337 (2023: £26,483).
The directors of the company introduced £60 and withdrew £356,524 (2022: introduced £299 and withdrew £43). The amount payable to the director's at the year end was £257,044 (2023: £613,508).
No further transactions with related parties were undertaken, other than those under normal market conditions, such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
11. Profit and loss reserve account
The profit and loss reserve account records retained earnings and accumulated losses, including the revaluation reserve which records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. The profit and loss reserve account includes both distributable and non distributable as follows: 
2024
2023
Distributable profit and loss reserves 
(54,697)
(64,026)
Non-distributable profit and loss reserves 
999,470
673,965
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944,773
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609,939
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