Registered number
08267753
Bramley Links Developments (Housing) Limited
Unaudited Filleted Accounts
31 October 2024
Bramley Links Developments (Housing) Limited
Registered number: 08267753
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,595 10,795
Investments 4 3,615,000 4,030,000
3,624,595 4,040,795
Current assets
Debtors 5 6,340 5,645
Cash at bank and in hand 19,965 41,755
26,305 47,400
Creditors: amounts falling due within one year 6 (50,712) (16,731)
Net current (liabilities)/assets (24,407) 30,669
Total assets less current liabilities 3,600,188 4,071,464
Creditors: amounts falling due after more than one year 7 (2,224,518) (2,685,976)
Provisions for liabilities (81,492) (83,812)
Net assets 1,294,178 1,301,676
Capital and reserves
Called up share capital 350,100 350,100
Revaluation reserve 9 136,079 170,958
Fair value reserve 291,206 291,206
Profit and loss account 516,793 489,412
Shareholders' funds 1,294,178 1,301,676
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The 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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrew Haines
Director
Approved by the board on 2 July 2025
Bramley Links Developments (Housing) Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings 15% on cost
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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 future taxable profits. Deferred tax is measured using the 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 November 2023 65,380
Additions 2,616
At 31 October 2024 67,996
Depreciation
At 1 November 2023 54,585
Charge for the year 3,816
At 31 October 2024 58,401
Net book value
At 31 October 2024 9,595
At 31 October 2023 10,795
4 Investments
Other
investments
£
Cost
At 1 November 2023 4,030,000
Disposals (415,000)
At 31 October 2024 3,615,000
Historical cost
At 1 November 2023 3,484,024
At 31 October 2024 3,106,223
Investment properties were last revalued on an open market basis on 31 October 2022 by the directors. The properties have been previously revalued as follows:
Value
£
Cost 3,106,223
Revaluation in 2019 3,475,000
Revaluation in 2020 3,345,000
Revaluation in 2021 3,345,000
Revaluation in 2022 3,615,000
3,615,000
5 Debtors 2024 2023
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 6,340 5,645
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 15,456 12,284
Other creditors 35,256 4,447
50,712 16,731
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,224,518 2,685,976
8 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 2,224,518 2,685,976
Secured bank loans 2,224,518 2,685,976
The bank loans are secured on the investment property of the company.
9 Revaluation reserve 2024 2023
£ £
At 1 November 2023 170,958 170,958
Realised on sale (34,879) -
At 31 October 2024 136,079 170,958
10 Related party transactions
During the year, management charges of £19,682 (2023: £19,659) were paid to Bramley Links Developments Limited, the parent of Bramley Links Developments (Housing) Limited.
11 Controlling party
The company is a subsidiary of Bramley Links Developments Limited, whose registered office address is C/O Acquis Limited, The Atrium Business Centre, Curtis Road, Dorking, Surrey, United Kingdom, RH4 1XA
12 Other information
Bramley Links Developments (Housing) Limited is a private company limited by shares and incorporated in England. Its registered office is:
C/O Acquis Limited
The Atrium Business Centre
Curtis Road
Dorking, Surrey
RH4 1XA
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