Company registration number 00084840 (England and Wales)
THE BROMBOROUGH ESTATE COMPANY LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
THE BROMBOROUGH ESTATE COMPANY LTD
COMPANY INFORMATION
Directors
Mr A Reeves
Mrs L M Rand
Company number
00084840
Registered office
Glebe Farm
Wymington Road
Podington
Wellingborough
Northamptonshire
United Kingdom
NN29 7HP
Accountants
Ellacotts LLP
Countrywide House
23 West Bar
Banbury
Oxfordshire
England
OX16 9SA
THE BROMBOROUGH ESTATE COMPANY LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 9
THE BROMBOROUGH ESTATE COMPANY LTD
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF THE BROMBOROUGH ESTATE COMPANY LTD FOR THE YEAR ENDED 31 JANUARY 2025
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Bromborough Estate Company Ltd for the year ended 31 January 2025 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the Board of Directors of The Bromborough Estate Company Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of The Bromborough Estate Company Ltd and state those matters that we have agreed to state to the Board of Directors of The Bromborough Estate Company Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Bromborough Estate Company Ltd and its Board of Directors as a body, for our work or for this report.

It is your duty to ensure that The Bromborough Estate Company Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of The Bromborough Estate Company Ltd. You consider that The Bromborough Estate Company Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Bromborough Estate Company Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ellacotts LLP
Chartered Accountants
Countrywide House
23 West Bar
Banbury
Oxfordshire
England
OX16 9SA
Date:
4 June 2025
THE BROMBOROUGH ESTATE COMPANY LTD
BALANCE SHEET
AS AT 31 JANUARY 2025
31 January 2025
- 2 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
3,401,216
3,040,194
Investment property
5
895,000
895,000
4,296,216
3,935,194
Current assets
Stocks
415,127
368,193
Debtors
6
5,597,566
5,533,948
Cash at bank and in hand
920,182
871,695
6,932,875
6,773,836
Creditors: amounts falling due within one year
7
(136,013)
(83,714)
Net current assets
6,796,862
6,690,122
Total assets less current liabilities
11,093,078
10,625,316
Creditors: amounts falling due after more than one year
8
(5,504,368)
(5,430,357)
Provisions for liabilities
(140,361)
(92,703)
Net assets
5,448,349
5,102,256
Capital and reserves
Called up share capital
65,000
65,000
Revaluation reserve
572,882
572,882
Profit and loss reserves
4,810,467
4,464,374
Total equity
5,448,349
5,102,256
THE BROMBOROUGH ESTATE COMPANY LTD
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2025
31 January 2025
- 3 -

For the financial year ended 31 January 2025 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 of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved by the board of directors and authorised for issue on 4 June 2025 and are signed on its behalf by:
Mr A Reeves
Director
Company registration number 00084840 (England and Wales)
THE BROMBOROUGH ESTATE COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025
- 4 -
1
Accounting policies
Company information

The Bromborough Estate Company Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Glebe Farm, Wymington Road, Podington, Wellingborough, Northamptonshire, United Kingdom, NN29 7HP.

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 £.

The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the company as an individual entity and not about its group.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

 

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
straight line over 25 years and nil
Plant and equipment
15% - 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

THE BROMBOROUGH ESTATE COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.6
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.

1.7
Financial instruments
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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

THE BROMBOROUGH ESTATE COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
- 6 -
1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

1.11
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

Government grants relating to turnover are recognised as income over the periods when the related costs are incurred. Grants relating to an asset are recognised in income systematically over the asset's expected useful life. If part of such a grant is deferred it is recognised as deferred income rather than being deducted from the asset's carrying amount.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

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

2025
2024
Number
Number
Total
3
3
THE BROMBOROUGH ESTATE COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 7 -
4
Tangible fixed assets
Freehold land and buildings
Plant and equipment
Total
£
£
£
Cost
At 1 February 2024
3,887,987
1,576,302
5,464,289
Additions
59,415
470,222
529,637
Disposals
(93,285)
(222,994)
(316,279)
Transfers
87,950
569
88,519
At 31 January 2025
3,942,067
1,824,099
5,766,166
Depreciation and impairment
At 1 February 2024
1,433,909
990,186
2,424,095
Depreciation charged in the year
72,682
159,559
232,241
Eliminated in respect of disposals
(263,078)
(116,789)
(379,867)
Transfers
87,980
501
88,481
At 31 January 2025
1,331,493
1,033,457
2,364,950
Carrying amount
At 31 January 2025
2,610,574
790,642
3,401,216
At 31 January 2024
2,454,078
586,116
3,040,194
5
Investment property
2025
£
Fair value
At 1 February 2024 and 31 January 2025
895,000

Investment property was valued by the directors of The Bromborough Estate Company Limited on the basis of market value at 31 January 2025.

6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
47,123
22,340
Amounts owed by group undertakings
5,479,153
5,479,153
Other debtors
16,769
-
0
Prepayments and accrued income
54,521
32,455
5,597,566
5,533,948
THE BROMBOROUGH ESTATE COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 8 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases
31,841
-
0
Other borrowings
15,000
15,000
Trade creditors
6,997
11,045
Corporation tax
58,045
25,242
Other taxation and social security
6,651
9,977
Other creditors
2,903
5,050
Accruals and deferred income
14,576
17,400
136,013
83,714

The 5% Non-Cumulative Preference shares held within other borrowings carry no voting rights and, in the event of the company being wound up, the assets remaining after payment of the debts and liabilities of the company and the costs of the liquidation shall be applied first in repaying the amounts paid up on preference shares and any arrears on preferential dividends.

Net obligations under finance leases and hire purchase contracts falling due within one year amounting to £31,741 (2024 - £Nil) are secured against the assets to which they relate.

8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases
63,681
-
0
Amounts owed to group undertakings
5,440,687
5,430,357
5,504,368
5,430,357

 

Net obligations under finance leases and hire purchase contracts falling due after one year amounting to £63,681 (2024 - £Nil) are secured against the assets to which they relate.

9
Operating lease commitments
Lessee

At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:

2025
2024
£
£
32,285
113,235
THE BROMBOROUGH ESTATE COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2025
- 9 -
10
Related party transactions

At 31 January 2025, the Company was owed £5,479,153 (2024 - £5,479,153) by a company within the group.

 

At 31 January 2025, the Company owed £5,440,687 (2024 - £5,430,357) to another company within the group.

 

 

11
Parent company

The parent company of the entity is The London & Northern Estates Co Limited but the ultimate controlling party is Bromborough Estates Holding Co Limited and both have a registered office at Glebe Farm, Wymington Road, Podington, Wellingborough, Northamptonshire, NN29 7HP.

2025-01-312024-02-01falsefalsefalse04 June 2025CCH SoftwareCCH Accounts Production 2025.100No description of principal activityMr A ReevesMrs L M Rand000848402024-02-012025-01-3100084840bus:Director12024-02-012025-01-3100084840bus:Director22024-02-012025-01-3100084840bus:RegisteredOffice2024-02-012025-01-31000848402025-01-31000848402024-01-3100084840core:LandBuildingscore:OwnedOrFreeholdAssets2025-01-3100084840core:PlantMachinery2025-01-3100084840core:LandBuildingscore:OwnedOrFreeholdAssets2024-01-3100084840core:PlantMachinery2024-01-3100084840core:CurrentFinancialInstrumentscore:WithinOneYear2025-01-3100084840core:CurrentFinancialInstrumentscore:WithinOneYear2024-01-3100084840core:Non-currentFinancialInstrumentscore:AfterOneYear2025-01-3100084840core:Non-currentFinancialInstrumentscore:AfterOneYear2024-01-3100084840core:CurrentFinancialInstruments2025-01-3100084840core:CurrentFinancialInstruments2024-01-3100084840core:Non-currentFinancialInstruments2025-01-3100084840core:Non-currentFinancialInstruments2024-01-3100084840core:ShareCapital2025-01-3100084840core:ShareCapital2024-01-3100084840core:RevaluationReserve2025-01-3100084840core:RevaluationReserve2024-01-3100084840core:RetainedEarningsAccumulatedLosses2025-01-3100084840core:RetainedEarningsAccumulatedLosses2024-01-3100084840core:LandBuildingscore:OwnedOrFreeholdAssets2024-02-012025-01-3100084840core:PlantMachinery2024-02-012025-01-31000848402023-02-012024-01-3100084840core:LandBuildingscore:OwnedOrFreeholdAssets2024-01-3100084840core:PlantMachinery2024-01-31000848402024-01-3100084840bus:PrivateLimitedCompanyLtd2024-02-012025-01-3100084840bus:FRS1022024-02-012025-01-3100084840bus:AuditExemptWithAccountantsReport2024-02-012025-01-3100084840bus:SmallCompaniesRegimeForAccounts2024-02-012025-01-3100084840bus:FullAccounts2024-02-012025-01-31xbrli:purexbrli:sharesiso4217:GBP