| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 August 2024 |
| for |
| Brooklands Restaurants Holdings Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 August 2024 |
| for |
| Brooklands Restaurants Holdings Limited |
| Brooklands Restaurants Holdings Limited (Registered number: 04307199) |
| 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 Holdings Limited |
| Company Information |
| for the Year Ended 31 August 2024 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 173 Cleveland Street |
| London |
| W1T 6QR |
| Brooklands Restaurants Holdings Limited (Registered number: 04307199) |
| Balance Sheet |
| 31 August 2024 |
| 2024 | 2023 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Revaluation reserve |
| Equity reserves |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS |
| 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 Holdings Limited (Registered number: 04307199) |
| Balance Sheet - continued |
| 31 August 2024 |
| The financial statements were approved by the director and authorised for issue on |
| Brooklands Restaurants Holdings Limited (Registered number: 04307199) |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2024 |
| 1. | STATUTORY INFORMATION |
| Brooklands Restaurants Holdings 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. Company's principal activity is that of an investment holding company. It has one subsidiary which operates a hotel in Barnsley. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The financial statements were prepared in accordance with Financial Reporting Standard 102, including Section 1A of FRS102 The Financial Reporting Standard applicable in the UK and Ireland ("FRS 102"). 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 subsidiary's financial position, the director has a reasonable expectation that the subsidiary 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. |
| Financial instruments |
| Investment in subsidiary |
| Investments in subsidiary company is stated at the net asset values of the subsidiary company which is considered to be their fair values, unless the net asset value is negative, in which case the investment's carrying value is considered to be nil. Differences between the net asset value and historical cost are recognised in other comprehensive income (OCI) in accordance with FRS 102.17.15.E-F, with net revaluation gains recognised in OCI and net revaluation losses in profit and loss to the extent that these are not reversals of previous revaluation gain.. |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST OR VALUATION |
| At 1 September 2023 |
| Revaluations |
| At 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| Brooklands Restaurants Holdings Limited (Registered number: 04307199) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2024 |
| 4. | FIXED ASSET INVESTMENTS - continued |
| The company owns 100% holding in Brooklands Restaurants Limited, a company incorporated in England and Wales. |
| 5. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2024 | 2023 |
| £ | £ |
| Amounts owed by group undertakings |
| 6. | CONTINGENT LIABILITIES |
| The company has given an unlimited guarantee in support of bank facilities provided to certain group undertakings. This is in addition to a first legal charge over the group undertakings land and buildings and debenture in favour of the bank. The bank loan liability of these group undertakings at the balance sheet date was £2.05m (2023: £2.06m). |
| 7. | RELATED PARTY DISCLOSURES |
| As the company is a wholly owned subsidiary of New Barnsley Hotels Ltd, 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 directors confirm that there are no other related party transactions other than those disclosed in these financial statements. |
| 8. | CONTROLLING PARTY |
| The immediate parent undertaking is New Barnsley Hotels Ltd, 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. |