Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-301118713899871382023-10-01falseis investment in trading subsidiaries, property investment and rental of owned properties.44truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01094063 2023-10-01 2024-09-30 01094063 2022-10-01 2023-09-30 01094063 2024-09-30 01094063 2023-09-30 01094063 2022-10-01 01094063 2 2023-10-01 2024-09-30 01094063 1 2023-10-01 2024-09-30 01094063 e:Director4 2023-10-01 2024-09-30 01094063 d:FreeholdInvestmentProperty 2024-09-30 01094063 d:FreeholdInvestmentProperty 2023-09-30 01094063 d:FreeholdInvestmentProperty 2 2023-10-01 2024-09-30 01094063 d:LeaseholdInvestmentProperty 2024-09-30 01094063 d:LeaseholdInvestmentProperty 2023-09-30 01094063 d:LeaseholdInvestmentProperty 2 2023-10-01 2024-09-30 01094063 d:CurrentFinancialInstruments 2024-09-30 01094063 d:CurrentFinancialInstruments 2023-09-30 01094063 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 01094063 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 01094063 d:ShareCapital 2024-09-30 01094063 d:ShareCapital 2023-09-30 01094063 d:RetainedEarningsAccumulatedLosses 2024-09-30 01094063 d:RetainedEarningsAccumulatedLosses 2023-09-30 01094063 e:FRS102 2023-10-01 2024-09-30 01094063 e:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 01094063 e:FullAccounts 2023-10-01 2024-09-30 01094063 e:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 01094063 d:OtherDeferredTax 2024-09-30 01094063 d:OtherDeferredTax 2023-09-30 01094063 2 2023-10-01 2024-09-30 01094063 6 2023-10-01 2024-09-30 01094063 f:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 01094063









BRIDE HALL HOLDINGS LIMITED







UNAUDITED

ANNUAL REPORT

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
BRIDE HALL HOLDINGS LIMITED
REGISTERED NUMBER: 01094063

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 5 
9,341,073
7,151,779

Investment property
 6 
5,593,569
4,993,569

  
14,934,642
12,145,348

Current assets
  

Debtors
 7 
3,357,759
5,193,273

Cash at bank and in hand
 8 
97,746
41,101

  
3,455,505
5,234,374

Creditors: amounts falling due within one year
 9 
(11,256,056)
(10,771,049)

Net current liabilities
  
 
 
(7,800,551)
 
 
(5,536,675)

Total assets less current liabilities
  
7,134,091
6,608,673

Provisions for liabilities
  

Deferred tax
 10 
(650,000)
(650,000)

  
 
 
(650,000)
 
 
(650,000)

Net assets
  
6,484,091
5,958,673


Capital and reserves
  

Called up share capital 
  
200
200

Profit and loss account
  
6,483,891
5,958,473

  
6,484,091
5,958,673


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 June 2025.

 
BRIDE HALL HOLDINGS LIMITED
REGISTERED NUMBER: 01094063
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024





CD Desmond
Director

The notes on page 4 form part of these financial statements.


 
BRIDE HALL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Bride Hall Holdings Limited ("the Company") is a limited Company domiciled and incorporated in England and Wales. The company's registered office address is provided on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The Company is exempt from the requirement to prepare consolidated financial statements under section 399 of the Companies Act 2006. These accounts therefore presents information about the Company as an individual undertaking rather than a group.

The following principal accounting policies have been applied:

 
2.2

Going concern

Tthe war in Ukraine and inflation, have given rise to both economic and financial uncertainties with the UK and globally. The Directors of the Company have considered the potential impact on the Company and continue to monitor government announcements and developments to take appropriate mitigating action.
The directors of the company, on the basis of the forecasted scenarios, consider it appropriate to prepare on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental income is recognised on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.


 
BRIDE HALL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.6

Investment property

IInvestment property is carried at fair value determined annually and derived from the current market
rents and investment property yields for comparable real estate, adjusted if necessary for any
difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.


 
BRIDE HALL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Administration
4
4


4.


Taxation

The Company has tax losses of  £ 78,430 available to offset against future taxable income (2023 £78,143).


5.


Fixed asset investments





Investments in subsidiary companies
Listed investments
Total

£
£
£



Cost or valuation


At 1 October 2023
7,151,779
-
7,151,779


Additions
-
2,189,294
2,189,294



At 30 September 2024
7,151,779
2,189,294
9,341,073





 
BRIDE HALL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Investment property


Freehold investment property
Long term leasehold investment property
Total

£
£
£



Valuation


At 1 October 2023
1,593,569
3,400,000
4,993,569


Surplus on revaluation
-
600,000
600,000



At 30 September 2024
1,593,569
4,000,000
5,593,569

The 2024 valuations were made by a Newmark Gerald Eve LLP, on an open market value for existing use basis.

The fair value of investment property was determined using the direct capitalisation approach (yield
method) and sales comparison.
Company’s property has been valued at the balance sheet date by a Newmark Gerald Eve LLP, who are
independent external valuers with recent experience of valuing similar properties. The valuation was
undertaken in accordance with the RICS Valuation – Global Standards (the Red Book Global – 31 January
2020) on the basis of market value, supported by reference to market evidence of transaction prices for
similar properties.
The valuation approach used was the investment method.
The significant assumptions made relating to the valuation at 30 September 2024 are set out below:
Direct capitalisation approach (yield method)
Yields 4.73%
The company owns a beneficial interest in Bride Hall Farm, which is included above at market value. The legal title is owned by a director of the company.




Page 1

 
BRIDE HALL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Debtors


2024
2023
£
£



Amounts owed by group undertakings
2,947,152
2,088,161

Amounts owed by related undertakings
-
2,695,977

Other debtors
376,091
378,579

Prepayments and accrued income
34,516
30,556

3,357,759
5,193,273


Amounts owed by group undertakings and amounts owed by joint ventures are interest free, and repayable on demand.


8.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
97,746
41,101

97,746
41,101



9.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
52
1,844

Amounts owed to group undertakings
10,353,722
10,598,610

Amounts owed to related undertakings
862,282
70,595

Accruals and deferred income
40,000
100,000

11,256,056
10,771,049


Amounts owed to group undertakings and amounts owed to related parties are interest free, and repayable on demand.

Page 2

 
BRIDE HALL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Deferred taxation




2024
2023


£

£






At beginning of year
(650,000)
(650,000)



At end of year
(650,000)
(650,000)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Fair value movements - investment properties
(650,000)
(650,000)

(650,000)
(650,000)

Page 3

 
BRIDE HALL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

11.


Related party transactions

Included in turnover is £7,300 (2023: £7,300) of rental income received in respect of farm land used by the Director, £26,000 (2023: £26,000) received in respect of a flat rented by the Director. 
Included in cost of sales is £200,000 (2023: £200,000) received in respect of a property in Barbados rented by the Director.
Included within amounts due from related parties due less than one year is an interest free loan amount of £375,919 (2023: £366,493) due from the Director.


2024
2023
£
£

Amounts owed by group undertakings
Ferris Limited
2,023,965
1,923,491
Urbane Limited
156,987
149,737
Hampton Business Court Limited
219
-
Brydell F limited
-
1,110
Bride Hall Fakenham
-
1,133
Bride Hall Spalding
-
12,690
Barbados
21,968
-
Bride Hall Holdco Limited
744,014
-
Amounts owed by related undertakings:
-
-
Bride Hall Group Limited
-
2,695,977
Amounts owed to group undertakings:
-
-
Bride Hall Investments Limited
(444,488)
(399,488)
Bride Hall Holdco Limited
-
(4,091,966)
Wester Hailes Shopping Centre
(6,040,003)
(6,040,003)
Hampton Business Court
-
(1,038)
VG Wine Library Limited
(128,000)
(33,000)
Barbados
-
(33,115)
Bride Hall Spalding
(2,296,113)
-
Bride Hall Fakenham
(1,445,118)
-
Amounts owed to related undertakings:
-
-
Bride Hall Farnborough Limited
-
(70,595)
Bride Hall Group Limited
(262,282)
-
Bride Hall Securities
(600,000)
-




12.


Post balance sheet events

There have been no significant events affecting the Company since the year end.


13.


Controlling party

The ultimate parent is the Butterfield Trust (Bermuda) Limited domiciled in Bermuda.

Page 4