Company registration number 13504446 (England and Wales)
BRAMHAM HOUSE LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BRAMHAM HOUSE LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
BRAMHAM HOUSE LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investments
3
1
1
Current assets
Stocks
587,511
739,499
Debtors
5
1,976,465
1,973,411
Cash at bank and in hand
5,583
405
2,569,559
2,713,315
Creditors: amounts falling due within one year
6
(2,584,959)
(186,532)
Net current (liabilities)/assets
(15,400)
2,526,783
Total assets less current liabilities
(15,399)
2,526,784
Creditors: amounts falling due after more than one year
7
-
0
(2,537,350)
Net liabilities
(15,399)
(10,566)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(15,401)
(10,568)
Total equity
(15,399)
(10,566)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 24 April 2025 and are signed on its behalf by:
Mr A  Gatenby
Director
Company Registration No. 13504446
BRAMHAM HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Bramham House Limited is a private company limited by shares incorporated in England and Wales. The registered office is 12 Middlethorpe Business Park, Sim Balk Lane, Bishopthorpe, York, YO23 2BD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Bramham House Limited is a subsidiary of Simpson (York) Holdings Limited and the results of Bramham House Limited are included in the consolidated financial statements of Simpson (York) Holdings Limited which are available from 10 Hassacarr Close, Chessingham Park, Dunnington, York, YO19 5SN .

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The directors and shareholders of the parent and other group companies have indicated that they will continue to support the company for a period of at least 12 months from when these financial statements are signed. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.4
Stocks

Work in progress in respect of speculative developments is stated at cost to the extent that the development is expected to be profitable.  When it is probable that total development costs will exceed total turnover, the expected loss is recognised as an expense immediately.

BRAMHAM HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

 

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

 

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the compan transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

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 company after deducting all of its liabilities.

BRAMHAM HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -
Basic financial liabilities

Basic financial liabilities, including creditors, bank loans and loans from fellow group companies, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

 

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

 

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
3
Fixed asset investments
2024
2023
£
£
Shares in group undertakings and participating interests
1
1
4
Subsidiaries

Details of the company's subsidiaries at 31 December 2024 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Freely Lane Limited
12 Middlethorpe Business Park, Sim Balk Lane, Bishopthorpe, York, YO23 2BD
Ordinary
100.00
BRAMHAM HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,967,200
1,964,400
Other debtors
9,265
9,011
1,976,465
1,973,411
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
2,784
182,057
Amounts owed to group undertakings
2,577,349
-
0
Other creditors
4,826
4,475
2,584,959
186,532

At 31 December 2024 £2,577,349 (2023: £nil) of the amounts owed to the group undertakings is a loan repayable within the next 12 months.

 

Security has been pledged for this loan in the form of land held within this company's subsidiary, Freely Lane Limited.

7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Amounts owed to group undertakings
-
0
2,537,350

 

8
Financial commitments, guarantees and contingent liabilities

At 31 December 2024, there were contigent liabilities in respect to interest on loan payable to Simpson (York) Holdings Limited amount to £339,878 (2023: £187,717)

BRAMHAM HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

The company paid Vincent & Partners Ltd, a connected company, for services amounting to £33,069 (2023: £150,668). These amounts were included in stock at the year end.

 

During the year, further funds were advanced by the ultimate parent company, Simpson (York) Holdings Limited. At the year end £2,577,349 (2023: £2,537,350) was included in creditors, amounts owed to group undertakings. At the year end the loan agreement had repayment terms within 12 months.

 

The company made purchases from Simpson (York) Limited during the year amounting to £21,354 (2023: £14,247). Simpson (York) Limited is a wholly owned subsidiary of this company's parent company.

 

The company has taken advantage of the exemption contained in section 33 of FRS 102 'Related Party Disclosures' from disclosing transactions or balances with wholly owned subsidiaries.

10
Parent company

The ultimate parent company is Simpson (York) Holdings Limited and the ultimate controlling parties are R.C. & B. Gatenby

11
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:

The auditor's report was unqualified.

Senior Statutory Auditor:
Chris Woodroffe
Statutory Auditor:
Azets Audit Services Limited
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