Brooklyn Reshan Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 14133249

		30 September 2024		30 September 2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		410,000		-

			410,000		-
CURRENT ASSETS
Debtors	5	34,908		15,742
Cash at bank and in hand		1,000		1,000

		35,908		16,742
Creditors: Amounts Falling Due Within One Year	6	(7,530 )		(8,074 )

NET CURRENT ASSETS (LIABILITIES)			28,378		8,668

TOTAL ASSETS LESS CURRENT LIABILITIES			438,378		8,668

PROVISIONS FOR LIABILITIES
Deferred Taxation			(102,500 )		-

NET ASSETS			335,878		8,668

CAPITAL AND RESERVES
Called up share capital	7		1,000		1,000
Revaluation reserve	8		307,500		-
Profit and Loss Account			27,378		7,668

SHAREHOLDERS' FUNDS			335,878		8,668

For the year ending 30 September 2024 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 in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Dayne Gooding

Director

20th June 2025

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Brooklyn Reshan Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14133249 . The registered office is 146 Northdown Road, Cliftonville, Margate, Kent, CT9 2QN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding VAT and other sales-related taxes.

Rental Income

Rental income arising from investment properties is recognised on a straight-line basis over the period to which it relates, in accordance with the terms of the lease. Rental income is included within turnover in the period it is earned.

2.3. Investment Properties

All investment properties are measured at fair value, which is determined annually based on current market rents and investment yields for comparable properties. Adjustments are made where necessary to reflect differences in the nature, location, or condition of the individual assets. Depreciation is not charged on investment properties.

Changes in fair value are recognised in the profit and loss account. Corresponding amounts are transferred to a separate non-distributable revaluation reserve, which is ring-fenced from distribution.

The fair value of the investment property at the balance sheet date was £410,000. This valuation has been determined by the directors based on their knowledge of the property, current market conditions, and recent market evidence for similar assets. No external valuation was undertaken during the year.

A revaluation surplus of £307,500 has been recognised in the profit and loss account. An equivalent amount has been transferred to a non-distributable revaluation reserve after the deffered taxation.

Deferred taxation is recognised at each valuation period. The measurement of deferred tax liabilities reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

2.4. Taxation

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

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

4. Investment Property

	30 September 2024
	£
Fair Value
As at 1 October 2023	-
Revaluations	410,000

As at 30 September 2024	410,000

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Brooklyn Reshan Ltd

Notes to the Financial Statements (continued)

For The Year Ended 30 September 2024

5. Debtors

	30 September 2024	30 September 2023
	£	£
Due within one year
Trade debtors	1,105	-
Other debtors	953	-

	2,058	-
Due after more than one year
Amounts owed by participating interests	32,850	15,742

	34,908	15,742

6. Creditors: Amounts Falling Due Within One Year

	30 September 2024	30 September 2023
	£	£
Trade creditors	-	1
Other creditors	960	480
Taxation and social security	6,570	7,593

	7,530	8,074

7. Share Capital

	30 September 2024	30 September 2023
	£	£
Allotted, Called up and fully paid	1,000	1,000

8. Reserves

	Revaluation Reserve
	£
Net investment property revaluation reserve	307,500

As at 30 September 2024	307,500

A revaluation reserve of £307,500 has been recognised in respect of the fair value increase in investment property. This reserve is non-distributable and has been ring-fenced from retained earnings.

The amount represents unrealised gains arising from the revaluation of investment property to fair value in accordance with Section 16 of FRS 102. The reserve will remain non-distributable until such time as the gains are realised through disposal of the underlying asset.

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