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REGISTERED NUMBER: 00557396 (England and Wales)















Britannic Leatherwear Limited

Unaudited Financial Statements

for the Period 1st August 2023 to 31st January 2025






Britannic Leatherwear Limited (Registered number: 00557396)






Contents of the Financial Statements
for the period 1st August 2023 to 31st January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


Britannic Leatherwear Limited

Company Information
for the period 1st August 2023 to 31st January 2025







DIRECTOR: S Drinkwater





REGISTERED OFFICE: 2a High Street
Harpole
Northampton
NN7 4DH





REGISTERED NUMBER: 00557396 (England and Wales)





ACCOUNTANTS: Cheney & Co
310 Wellingborough Road
Northampton
NN1 4EP

Britannic Leatherwear Limited (Registered number: 00557396)

Balance Sheet
31st January 2025

2025 2023
Notes £    £    £   
FIXED ASSETS
Investment property 5 561,300 250,000

CURRENT ASSETS
Debtors 6 92,593 670
Cash at bank 81 9,812
92,674 10,482
CREDITORS
Amounts falling due within one year 7 7,179 10,582
NET CURRENT ASSETS/(LIABILITIES) 85,495 (100 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

646,795

249,900

CREDITORS
Amounts falling due after more than one
year

8

77,077

-
NET ASSETS 569,718 249,900

CAPITAL AND RESERVES
Called up share capital 9 4,004 4,004
Share premium 300,000 -
Revaluation reserve 10 231,328 231,328
Retained earnings 34,386 14,568
SHAREHOLDERS' FUNDS 569,718 249,900

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13th May 2025 and were signed by:





S Drinkwater - Director


Britannic Leatherwear Limited (Registered number: 00557396)

Notes to the Financial Statements
for the period 1st August 2023 to 31st January 2025

1. STATUTORY INFORMATION

Britannic Leatherwear Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The principal activity of the company in the year was the receipt of rental income from the investment properties.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

No depreciation is provided for in respect of investment properties in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). Such properties are held for their investment potential and not for consumption within the business. This is a departure from the Companies Act 2006 which requires all properties to be depreciated and the director considers that to depreciate them would not enable the financial statements to give a true and fair view. Investment properties are stated at their market value at the balance sheet date.

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2023 - 3 ) .

Britannic Leatherwear Limited (Registered number: 00557396)

Notes to the Financial Statements - continued
for the period 1st August 2023 to 31st January 2025

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023 250,000
Additions 311,300
At 31st January 2025 561,300
NET BOOK VALUE
At 31st January 2025 561,300
At 31st July 2023 250,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Amounts owed by group undertakings 92,593 -
VAT - 670
92,593 670

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2023
£    £   
Bank loans and overdrafts 7,179 -
Other creditors - 7,274
Accruals and deferred income - 3,308
7,179 10,582

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2023
£    £   
Bank loans - 1-2 years 7,713 -
Bank loans - 2-5 years 26,691 -
Bank loans more 5 yr by instal 42,673 -
77,077 -

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 42,673 -

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2025 2023
value: £    £   
4,004 Share capital 1 £1 4,004 4,004

10. RESERVES
Revaluation
reserve
£   
At 1st August 2023
and 31st January 2025 231,328

Britannic Leatherwear Limited (Registered number: 00557396)

Notes to the Financial Statements - continued
for the period 1st August 2023 to 31st January 2025

11. CONTINGENT LIABILITIES

There were no contingent liabilities as at 31st January 2025 and 31st July 2023.

12. CAPITAL COMMITMENTS

There were no capital commitments as at 31st January 2025 and 31st July 2023.