IRIS Accounts Production v25.1.4.42 02104599 Board of Directors 30.9.23 29.9.24 29.9.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh021045992023-09-29021045992024-09-29021045992023-09-302024-09-29021045992022-09-29021045992022-09-302023-09-29021045992023-09-2902104599ns15:EnglandWales2023-09-302024-09-2902104599ns14:PoundSterling2023-09-302024-09-2902104599ns10:Director12023-09-302024-09-2902104599ns10:PrivateLimitedCompanyLtd2023-09-302024-09-2902104599ns10:SmallEntities2023-09-302024-09-2902104599ns10:AuditExempt-NoAccountantsReport2023-09-302024-09-2902104599ns10:SmallCompaniesRegimeForDirectorsReport2023-09-302024-09-2902104599ns10:SmallCompaniesRegimeForAccounts2023-09-302024-09-2902104599ns10:FullAccounts2023-09-302024-09-2902104599ns10:OrdinaryShareClass12023-09-302024-09-2902104599ns10:Director22023-09-302024-09-2902104599ns10:RegisteredOffice2023-09-302024-09-2902104599ns5:CurrentFinancialInstruments2024-09-2902104599ns5:CurrentFinancialInstruments2023-09-2902104599ns5:ShareCapital2024-09-2902104599ns5:ShareCapital2023-09-2902104599ns5:RevaluationReserve2024-09-2902104599ns5:RevaluationReserve2023-09-2902104599ns5:RetainedEarningsAccumulatedLosses2024-09-2902104599ns5:RetainedEarningsAccumulatedLosses2023-09-2902104599ns5:LandBuildings2023-09-2902104599ns5:PlantMachinery2023-09-2902104599ns5:LandBuildings2023-09-302024-09-2902104599ns5:PlantMachinery2023-09-302024-09-2902104599ns5:LandBuildings2024-09-2902104599ns5:PlantMachinery2024-09-2902104599ns5:LandBuildings2023-09-2902104599ns5:PlantMachinery2023-09-2902104599ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-2902104599ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-2902104599ns10:OrdinaryShareClass12024-09-2902104599ns5:RetainedEarningsAccumulatedLosses2023-09-2902104599ns5:RevaluationReserve2023-09-2902104599ns5:RetainedEarningsAccumulatedLosses2023-09-302024-09-29
REGISTERED NUMBER: 02104599 (England and Wales)












Unaudited Financial Statements

for the Year Ended 29 September 2024

for

Briar Investments Limited

Briar Investments Limited (Registered number: 02104599)






Contents of the Financial Statements
for the Year Ended 29 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Briar Investments Limited

Company Information
for the Year Ended 29 September 2024







DIRECTORS: Dr S B Wall
Miss H M Wall





REGISTERED OFFICE: 1 Middlewich Road
Holmes Chapel
Cheshire
CW4 7EA





REGISTERED NUMBER: 02104599 (England and Wales)





ACCOUNTANTS: Try Lunn & Co
Chartered Accountants
Roland House
Princes Dock Street
Hull
HU1 2LD

Briar Investments Limited (Registered number: 02104599)

Balance Sheet
29 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,178,503 1,191,244

CURRENT ASSETS
Debtors 5 1,338,663 640,367
Cash at bank 2,252 17,986
1,340,915 658,353
CREDITORS
Amounts falling due within one year 6 1,007,541 342,318
NET CURRENT ASSETS 333,374 316,035
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,511,877

1,507,279

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 428,315 428,315
Retained earnings 9 1,083,462 1,078,864
SHAREHOLDERS' FUNDS 1,511,877 1,507,279

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2025 and were signed on its behalf by:





Dr S B Wall - Director


Briar Investments Limited (Registered number: 02104599)

Notes to the Financial Statements
for the Year Ended 29 September 2024

1. STATUTORY INFORMATION

Briar Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Going concern
The Company has taken out loans secured against properties under its ownership. The proceeds from those loans have been made available to a business, in the same sector, under the ownership of the Director in order to support the growth and development of that business. The Company and other businesses under the ownership of the Director are dependent on the continued financial support of the Director and from funds from those businesses to support its working capital and pay its debts as they fall due. On this basis the accounts have been prepared on a going concern basis.

Turnover
Turnover represents rents receivable by the company in respect of services supplied during the year, exclusive of Value Added Tax. Revenue relating to lettings is recognised when the company has performed its obligations, in accordance with contractual terms. .

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property- No depreciation
Fixtures & fittings- 25% reducing balance & 25% on cost
Motor vehicles- 25% reducing balance
Computer equipment- 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Briar Investments Limited (Registered number: 02104599)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 30 September 2023 1,173,328 57,168 1,230,496
Disposals - (4,560 ) (4,560 )
At 29 September 2024 1,173,328 52,608 1,225,936
DEPRECIATION
At 30 September 2023 - 39,252 39,252
Charge for year - 12,284 12,284
Eliminated on disposal - (4,103 ) (4,103 )
At 29 September 2024 - 47,433 47,433
NET BOOK VALUE
At 29 September 2024 1,173,328 5,175 1,178,503
At 29 September 2023 1,173,328 17,916 1,191,244

The company's investment properties were revalued by Knight Frank LLP, Chartered Surveyors, in May 2012 on an open market value basis at £1,425,000. The cost of investment properties included in this valuation above is £197,684 (2023: £197,684). In addition to this another property was purchased at a cost of £386,193 on 29 September 2017. In the opinion of the director, the open market value of the investment properties at 29th September 2024 is not materially different from the valuation incorporated in the financial statements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,138 -
Other debtors 1,337,525 640,367
1,338,663 640,367

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,577 16,569
Taxation and social security 7,762 43,493
Other creditors 986,202 282,256
1,007,541 342,318

Briar Investments Limited (Registered number: 02104599)

Notes to the Financial Statements - continued
for the Year Ended 29 September 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Short term loans 695,841 -

The company has a loan outstanding with Ortus Secured Finance totalling £474,444 at 30 September 2024. This is secured on one of the properties owned by the company.

The company also has a loan outstanding with Greenfield Mortgages Limited totalling £221,397 at 30 September 2024. This is also secured on one of the properties owned by the company.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 30 September 2023 1,078,864 428,315 1,507,179
Profit for the year 4,598 4,598
At 29 September 2024 1,083,462 428,315 1,511,777

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date £547,323 was owed to the Company by Dr S B Wall (2023: £412,049).

Interest has been charged at HM Revenue & Custom's official rate on the overdrawn balance and amounted to £11,484 (2023: £10,490) for the year.

At the balance sheet date £1,240 was owed to the Company by Miss H Wall.

11. RELATED PARTY DISCLOSURES

Property Venture 1 Limited

At the year end the Company owed Property Venture 1 Limited £284,803 (2023: £276,897). Property Venture 1 Limited is a company in which Dr S B Wall is a director. The loan is interest free and repayable on demand.

Concorde No 1 Limited

At the year end Concorde No 1 Limited owed the company £647,314 (2023: £90,372). Concorde No 1 Limited is a company in which Dr S B Wall is a director. The loan is interest free and repayable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Dr S B Wall.