|
Registered number: 00355758
BRAMPTONIA LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 MARCH 2024
|
|
BRAMPTONIA LIMITED
REGISTERED NUMBER: 00355758
BALANCE SHEET
AS AT 31 MARCH 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Debtors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BRAMPTONIA LIMITED
REGISTERED NUMBER: 00355758
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
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 statement of comprehensive income 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 by:
................................................
A H English
|
|
|
|
|
|
|
The notes on pages 3 to 9 form part of these financial statements.
|
|
BRAMPTONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Bramptonia Limited is a private company limited by shares and incorporated in England and Wales. The Company's registered number is 00355758. The address of its registered office and principal place of business is 400 Marlborough Gate, Milton Keynes, MK9 3FP.
The principal activity of the company is that of a intermediate holding company.
The financial statements are presented in Sterling, which is also the functional currency of the company. The figures in the financial statements are rounded to the nearest £1.
2.Accounting policies
|
|
|
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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:
|
|
|
Exemption from preparing consolidated financial statements
|
The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of a state other than the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006.
In order to meet its liabilities as they fall due, the Company relies on the support of the A H English (2007) Settlement, A H English and Opal Ventures Limited. A H English (2007) Settlement, A H English and Opal Ventures Limited have indicated that they will continue to support Bramptonia Limited in the 12 months following the approval of the Company's financial statements for the year ended 31 March 2024.
The Directors have considered the working capital needs of the business for the next twelve months and concluded that with the continued support of A H English (2007) Settlement, A H English and Opal Ventures Limited, the company will be able to meets its liabilities as they fall due.
On the basis of the above support, the Directors consider that the Company will continue in operational existence for the period of at least 12 months following the approval of the Company's financial statements and for the foreseeable future and accordingly the Directors consider it appropriate to prepare the financial statements on the going concern basis.
The financial statements do not include any adjustments that would result from a withdrawal of this support.
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
|
|
BRAMPTONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2.Accounting policies (continued)
Investments in subsidiaries are measured at cost less accumulated impairment.
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 Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
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.
|
|
|
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.
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.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
Interest income is recognised in profit or loss using the effective interest method.
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
|
|
BRAMPTONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
2.Accounting policies (continued)
All borrowing costs are recognised in profit or loss in the year in which they are incurred.
|
|
The average monthly number of employees, including directors, during the year was 3 (2023 - 3).
|
|
|
The Company owned 12.97% of the share capital of Reef Estates Limited, an unlisted company registered in England and Wales. During the year, the Company realised the investment for proceeds of £2,500,000.
The Company also owns:
60% of the share capital of No Son Hermanos Limited, an unlisted company registered in Spain;
100% of the share capital of PRISM Nominees Limited;
99.9% of Bramptonia (Malta) Limited.
PRISM Nominees Limited owns 100% of the share capital of Bramptonia (Isle of Man) Limited.
All investments held in other companies are dormant and are carried at a nil net book value.
|
|
|
BRAMPTONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed by group undertakings
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts owed to group undertakings
|
|
|
|
|
|
|
|
|
|
Accruals and deferred income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: Amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
BRAMPTONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
|
|
|
|
|
Analysis of the maturity of loans is given below:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
Amounts falling due 1-2 years
|
|
|
|
|
|
|
|
|
|
Amounts falling due 2-5 years
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
|
|
46,500 (2023 - 46,500) Ordinary shares of £1.00 each
|
|
|
Share premium account
The share premium account represents the premium arising on the issue of shares net of issue costs.
Profit and loss account
The profit and loss account represents cumulative profits and losses net of dividends and other adjustments.
|
|
BRAMPTONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Dividend income
In the accounts for the year ended 31 March 2023 income of £181,796 was recognised which related to dividends from an associate which were declared on 23 March 2022 but paid after 31 March 2022.
The comparatives in these financial statements have therefore been restated to move this income of £181,796 into the previous year resulting in an increase to opening reserves at 1 April 2022 of £181,796 and a decrease in profit for the year ended 31 March 2023 of £181,796. The profit and loss account, and net assets carried forward at 31 March 2023 are unaffected.
Mis-posting of directors loan transaction
In the accounts for the year ended 31 December 2022 there was a cost of £62,624 which was recognised in the intercompany account, and then written off. This was a mis-posting and should have been recognised within the Directors loan account.
The comparatives in these financial statements have therefore been restated to move this cost into the Directors Loan account at 31 March 2022 resulting in an increase to opening reserves at 1 April 2023 and 1 April 2024 of £62,624 and a decrease in creditors for the year ended 31 March 2023 of £62,624.
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund amounted to £nil (2023: £175). No amounts were payable at the balance sheet date (2023: £nil).
|
|
Related party transactions
|
|
|
Amounts owed to A H English at the balance sheet date amounted to £2,014,408 (2023: £4,249,880). There are no set repayment terms for this loan and no interest is charged.
|
Opal Ventures Limited is the immediate controlling party by way of its majority shareholding in Bramptonia Limited. Opal Ventures Limited is wholly owned by A H English (2007) Settlement.
Consolidated accounts are prepared by the parent and are available from Companies House.
A H English is the company's ultimate controlling party of the Company by virtue of his control of the A H English (2007) Settlement who own the majority share in Opal Ventures Limited.
|
|
BRAMPTONIA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
The auditor's report on the financial statements for the year ended 31 March 2024 was unqualified.
|
|
In their report, the auditor emphasised the following matter without qualifying their report:
Unaudited comparative information
The comparative information presented for the year ended 31 March 2023 is unaudited.
|
The audit report was signed on 26 June 2025 by Martin Herron BA (Hons) ACA (Senior Statutory Auditor) on behalf of MHA.
|