BROTHERTONS OF WOODSTOCK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
2 NOVEMBER 2024
Company Registration Number: 03424689
BROTHERTONS OF WOODSTOCK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 2 NOVEMBER 2024
CONTENTS PAGES
Company information 1
Balance sheet 2 to 3
Notes to the financial statements 4 to 6
BROTHERTONS OF WOODSTOCK LIMITED
COMPANY INFORMATION
FOR THE YEAR ENDED 2 NOVEMBER 2024
DIRECTORS
G Castagnino
P A Castagnino
SECRETARY
P A Castagnino
REGISTERED OFFICE
Merton House
Sandy Lane
Yarnton
Kidlington
Oxford
OX5 1PA
COMPANY REGISTRATION NUMBER
03424689 England and Wales
BROTHERTONS OF WOODSTOCK LIMITED
BALANCE SHEET
AS AT 2 NOVEMBER 2024
Notes 2024 2023
£ £
FIXED ASSETS
Investments 5 550,000 550,000
CURRENT ASSETS
Cash at bank and in hand 46,460 41,298
CREDITORS: Amounts falling due within one year 6 26,250 26,330
NET CURRENT ASSETS 20,210 14,968
TOTAL ASSETS LESS CURRENT LIABILITIES 570,210 564,968
Provisions for liabilities and charges 16,873 16,873
NET ASSETS 553,337 548,095
CAPITAL AND RESERVES
Called up share capital 210 210
Share premium account 130,413 130,413
Distributable profit and loss account 164,587 159,345
Non distributable profit and loss account 258,127 258,127
SHAREHOLDERS' FUNDS 553,337 548,095
BROTHERTONS OF WOODSTOCK LIMITED
BALANCE SHEET
AS AT 2 NOVEMBER 2024
These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
For the financial year ended 2 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
Members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report.
Signed on behalf of the board of directors
P A Castagnino
Director
Date approved by the board: 25 May 2025
BROTHERTONS OF WOODSTOCK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 2 NOVEMBER 2024
1 GENERAL INFORMATION
Brothertons of Woodstock Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is:
Merton House
Sandy Lane
Yarnton
Kidlington
Oxford
OX5 1PA
The financial statements are presented in Sterling, which is the functional currency of the company.
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of preparation of financial statements
These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006.
Revenue recognition
Turnover represents the value of rent receivable during the year.
The company recognises revenue when the amount of revenue can be measured reliably and when it is probable that future economic benefits will flow to the entity.
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs.
Subsequently, investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit and loss account in the period in which they arise.
BROTHERTONS OF WOODSTOCK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 2 NOVEMBER 2024
2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…)
Financial Instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account.
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Debtors
Short term debtors are measured at transaction price, less any impairment.
Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and subsequently at amortised cost.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods based on current tax rates and laws. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Deferred tax relating to land and investment properties that is measured at fair value is measured using the tax rates and allowances that apply to the sale of the asset.
Current and deferred tax assets and liabilities are not discounted.
BROTHERTONS OF WOODSTOCK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 2 NOVEMBER 2024
3 CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS
The directors have made key assumptions in determination of the fair value of an investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset.
4 EMPLOYEES
The average number of persons employed by the company (including directors) during the year was:
2024 2023
Average number of employees 2 2
5 FIXED ASSET INVESTMENTS
Investment property
£
Cost
At 3 November 2023 550,000
At 2 November 2024 550,000
In the opinion of the directors, the investment property has been stated at fair value.
6 CREDITORS: Amounts falling due within one year
2024 2023
£ £
Taxation and social security 6,015 6,096
Accruals and deferred income 1,454 1,453
Other creditors 18,781 18,781
26,250 26,330
7 RELATED PARTY TRANSACTIONS
During the year, the following transactions with related parties took place:
G Castagnino
Director 2024 2023
£ £
Advances to company The director has made advances to the company which are repayable on demand. No interest has been charged on these advances. At the year end, the company owed the director the following amount: 18,781 18,781
Brothertons of Woodstock Limited 03424689 false 2023-11-03 2024-11-02 2024-11-02 VT Final Accounts (tagged by user) July 2024 true No description of principal activity 03424689 2022-11-03 2023-11-02 03424689 core:WithinOneYear 2023-11-02 03424689 core:ShareCapital 2023-11-02 03424689 core:SharePremium 2023-11-02 03424689 core:RetainedEarningsAccumulatedLosses 2023-11-02 03424689 core:InvestmentPropertiesRevaluationReserve 2023-11-02 03424689 core:CurrentFinancialInstruments 2023-11-02 03424689 core:KeyManagementIndividualGroup1 2023-11-02 03424689 2023-11-03 2024-11-02 03424689 bus:PrivateLimitedCompanyLtd 2023-11-03 2024-11-02 03424689 bus:AuditExempt-NoAccountantsReport 2023-11-03 2024-11-02 03424689 bus:Director1 2023-11-03 2024-11-02 03424689 bus:Director2 2023-11-03 2024-11-02 03424689 bus:RegisteredOffice 2023-11-03 2024-11-02 03424689 core:KeyManagementIndividualGroup1 2023-11-03 2024-11-02 03424689 bus:FRS102 2023-11-03 2024-11-02 03424689 bus:FilletedAccounts 2023-11-03 2024-11-02 03424689 2024-11-02 03424689 core:WithinOneYear 2024-11-02 03424689 core:ShareCapital 2024-11-02 03424689 core:SharePremium 2024-11-02 03424689 core:RetainedEarningsAccumulatedLosses 2024-11-02 03424689 core:InvestmentPropertiesRevaluationReserve 2024-11-02 03424689 core:CurrentFinancialInstruments 2024-11-02 03424689 core:KeyManagementIndividualGroup1 2024-11-02 03424689 2023-11-02 iso4217:GBP xbrli:pure