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REGISTERED NUMBER: 01334740 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

Brooklands Restaurants Limited

Brooklands Restaurants Limited (Registered number: 01334740)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brooklands Restaurants Limited

Company Information
for the Year Ended 31 August 2024







DIRECTOR: K S Obhrai





REGISTERED OFFICE: 173 Cleveland Street
London
W1T 6QR





REGISTERED NUMBER: 01334740 (England and Wales)





ACCOUNTANTS: Shah Dodhia & Co
173 Cleveland Street
London
W1T 6QR

Brooklands Restaurants Limited (Registered number: 01334740)

Balance Sheet
31 August 2024

2024 2023
Notes £ £ £
FIXED ASSETS
Tangible assets 4 4,112,877 4,000,000

CURRENT ASSETS
Stocks 19,220 20,737
Debtors 5 1,440,824 1,068,423
Cash at bank and in hand 419,172 571,665
1,879,216 1,660,825
CREDITORS
Amounts falling due within one year 6 471,949 426,860
NET CURRENT ASSETS 1,407,267 1,233,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,520,144

5,233,965

PROVISIONS FOR LIABILITIES 911,573 808,403
NET ASSETS 4,608,571 4,425,562

CAPITAL AND RESERVES
Called up share capital 58,816 58,816
Revaluation reserve 723,679 723,679
Equity reserves (16,884 ) (16,884 )
Retained earnings 3,842,960 3,659,951
SHAREHOLDERS' FUNDS 4,608,571 4,425,562

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

Brooklands Restaurants Limited (Registered number: 01334740)

Balance Sheet - continued
31 August 2024


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 28 May 2025 and were signed by:





K S Obhrai - Director


Brooklands Restaurants Limited (Registered number: 01334740)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Brooklands Restaurants 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The presentation currency of these financial statements is sterling.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities.

Going concern
The director has no reason to believe that a material uncertainty exists that may cast significant doubt about the ability of the company to continue as a going concern. On the basis of his assessment of the company's financial position, the director has a reasonable expectation that the company will be able to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Revenue recognition
The turnover shown in the profit and loss account represents amounts receivable in respect of the provision of hotel accommodation and meals, exclusive of Value Added Tax.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Brooklands Restaurants Limited (Registered number: 01334740)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Over 15 - 50 years
Plant and machinery - Over 7 - 20 years
Fixtures and fittings - Over 4 - 7 years

Land included in Freehold Property is not depreciated.

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

Stocks
Stocks consists of raw materials and consumables and are valued at the lower of cost and net realisable value.

Taxation
Tax on the profit and loss for the year comprises current and deferred tax. Tax is recognised in the profit and loss account except to the extent that it relates to items recognised directly in equity or other comprehensive income, in which case the deferred tax relating to those items is recognised directly in equity or other comprehensive income.

Current tax is the expected tax payable or receivable on the taxable income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date, and any adjustment to tax payable in respect of previous years.

Current tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and the company intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.


Brooklands Restaurants Limited (Registered number: 01334740)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is provided on timing differences which arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements. The following timing differences are not provided for: differences between accumulated depreciation and tax allowances for the cost of a fixed asset if and when all conditions for retaining the tax allowances have been met; and differences relating to investment in subsidiaries, to the extent that it is not probable that they will reverse in the foreseeable future and the reporting entity is able to control the reversal of the timing difference. Deferred tax is not recognised on permanent differences arising because certain types of income or expense are non-taxable or are disallowable for tax or because certain tax charges or allowances are greater or smaller than the corresponding income or expense.

Deferred tax is measured at the tax rate that is expected to apply to the reversal of the related difference, using tax rates enacted or substantively enacted at the balance sheet date. Deferred tax balances are not discounted.

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.

Financial instruments
Trade and other debtors/creditors
Trade and other debtors are recognised initially at transaction price less attributable transaction costs. Trade and other creditors are recognised initially at transaction price plus attributable transaction costs. Subsequent to initial recognition, debtors and creditors payable or receivable within one year are measured at the undiscounted amount of the cash expected to be paid or received, net of impairment losses in the case of debtors.

Interest-bearing borrowings classified as basic financial instruments
Borrowings are recognised initially at the present value of future payments discounted at a market rate of interest. Subsequent to initial recognition, borrowings are stated at amortised cost using the effective interest method, less any impairment losses.

Cash and cash equivalents
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the company's cash management are included as a component of cash and cash equivalents.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 68 (2023 - 71 ) .

Brooklands Restaurants Limited (Registered number: 01334740)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£ £ £ £
COST OR VALUATION
At 1 September 2023 4,234,167 1,069,188 1,629,448 6,932,803
Additions - 7,715 204,068 211,783
At 31 August 2024 4,234,167 1,076,903 1,833,516 7,144,586
DEPRECIATION
At 1 September 2023 370,015 944,681 1,618,107 2,932,803
Charge for year 26,061 34,907 37,938 98,906
At 31 August 2024 396,076 979,588 1,656,045 3,031,709
NET BOOK VALUE
At 31 August 2024 3,838,091 97,315 177,471 4,112,877
At 31 August 2023 3,864,152 124,507 11,341 4,000,000

Tangible assets held at valuation

The hotel was professionally valued in January 2024 by Eddisons Commercial Ltd at £4 million in accordance with the RICS Valuation - Global Standards issued in November 2021and effective from January 2022 incorporating IVSC International Valuation Standards.The hotel is stated at this professional valuation together with additions at cost which the director considers to be the fair value of the hotel.

The historical cost of the hotel at 31 August 2024 was £3.58million (2023: £3.58million).

Security

The company has given a first legal charge over its freehold land and buildings in support of bank facilities provided to its intermediate parent undertaking.

5. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 45,921 29,351
Amounts owed by group undertakings 426,450 173,624
Other debtors 117,960 81,827
590,331 284,802

Amounts falling due after more than one year:
Amounts owed by group undertakings 850,493 783,621

Aggregate amounts 1,440,824 1,068,423

Brooklands Restaurants Limited (Registered number: 01334740)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. DEBTORS - continued

The loan of £850,493 (2023: £783,621) owed by one of the intermediate parent undertakings is available at an average rate of finance to the group, plus a margin of 0.25% per annum. Terms of the loan were reviewed and extended for a further period of 3 years from 1 September 2022.

The loan of £426,450 (2023: £173,624) owed by another intermediate parent undertaking is an interest free loan repayable on demand.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 173,117 109,434
Taxation and social security 127,424 191,283
Other creditors 171,408 126,143
471,949 426,860

7. CONTINGENT LIABILITIES

The company has given a first legal charge over its freehold land and buildings in support of bank facilities provided to certain group undertakings. The bank loan liability of these group undertakings at the balance sheet date was £2.05m (2023: £2.03m).

8. RELATED PARTY DISCLOSURES

As the company is a wholly owned subsidiary of Brooklands Restaurants Holdings Limited, the company has taken advantage of the exemption contained in FRS 102.33 and has therefore not disclosed transactions on balances with entities which form part of the group headed by Chestnut Holdings Ltd.

The director confirms that there are no other related party transactions other than those disclosed in these financial statements.

9. CONTROLLING PARTY

The immediate parent undertaking is Brooklands Restaurants Holdings Limited, a company incorporated in England and Wales.

The ultimate parent undertaking is Sycamore Ltd, a company registered in Isle of Man.

The ultimate controlling party is The Blue Waters Trust, a trust registered in Isle of Man.