Year Ended
Registration number:
Brookside Group Limited
Contents
|
Balance Sheet |
|
|
Notes to the Unaudited Financial Statements |
Brookside Group Limited
Balance Sheet
31 December 2024
|
Note |
2024 |
2023 |
|
|
Fixed assets |
|||
|
Tangible assets |
|
|
|
|
Investments |
|
|
|
|
|
|
||
|
Current assets |
|||
|
Debtors |
|
|
|
|
Cash at bank and in hand |
|
|
|
|
|
|
||
|
Creditors: Amounts falling due within one year |
( |
( |
|
|
Net current assets |
|
|
|
|
Total assets less current liabilities |
|
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
|
Net assets |
|
|
|
|
Capital and reserves |
|||
|
Called up share capital |
102 |
102 |
|
|
Capital redemption reserve |
166,750 |
145,000 |
|
|
Profit and loss account |
2,839,017 |
3,108,107 |
|
|
Shareholders' funds |
3,005,869 |
3,253,209 |
Brookside Group Limited
Balance Sheet
31 December 2024
For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
|
• |
|
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
|
......................................... |
Company Registration Number: 11780268
Brookside Group Limited
Notes to the Unaudited Financial Statements
Year Ended 31 December 2024
|
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
|
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
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 Section 1A, and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that, as disclosed in the accounting policies, certain items are shown at fair value.
The functional and presentational currency is pounds sterling.
Group accounts not prepared
Revenue recognition
Turnover comprises rents receivable from the company's subsidiary undertaking, AUK Supplies Limited, in the ordinary course of the company’s activities.
Brookside Group Limited
Notes to the Unaudited Financial Statements
Year Ended 31 December 2024
Tax
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Investment property
Investments
Investments in equity shares which are not publicly traded are measured at cost less impairment. Dividends on equity securities are recognised in income when receivable.
Financial instruments
Classification
• Short term trade and other debtors and creditors; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
|
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Brookside Group Limited
Notes to the Unaudited Financial Statements
Year Ended 31 December 2024
|
Tangible assets |
|
Land and buildings |
|
|
Cost or valuation |
|
|
At 1 January 2024 |
|
|
Additions |
|
|
Disposals |
( |
|
At 31 December 2024 |
|
|
Carrying amount |
|
|
At 31 December 2024 |
|
|
At 31 December 2023 |
|
Included within the net book value of land and buildings above is £2,120,531 (2023 - £2,694,919) in respect of freehold land and buildings.
Brookside Group Limited
Notes to the Unaudited Financial Statements
Year Ended 31 December 2024
|
Investments |
|
2024 |
2023 |
|
|
Investments in subsidiaries |
|
|
|
Subsidiaries |
£ |
|
Cost or valuation |
|
|
At 1 January 2024 and 31 December 2024 |
|
|
Carrying amount |
|
|
At 31 December 2024 |
|
|
At 31 December 2023 |
|
Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
|
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
|
|
2024 |
2023 |
|||
|
Subsidiary undertakings |
||||
|
|
7 Cavalier Road, TQ12 6TQ |
|
|
|
|
Subsidiary undertakings |
|
AUK Supplies Limited The principal activity of AUK Supplies Limited is |
Brookside Group Limited
Notes to the Unaudited Financial Statements
Year Ended 31 December 2024
|
Debtors |
|
Note |
2024 |
2023 |
|
|
Trade debtors |
- |
- |
|
|
Amounts owed by group undertakings |
|
- |
|
|
Prepayments |
- |
|
|
|
Other debtors |
|
|
|
|
|
|
|
Creditors |
Creditors: amounts falling due within one year
|
2024 |
2023 |
|
|
Due within one year |
||
|
Amounts owed to group undertakings |
- |
104,631 |
|
Taxation and social security |
|
23,295 |
|
Accruals and deferred income |
|
950 |
|
Other creditors |
|
3,450 |
|
276,672 |
132,326 |
Creditors: amounts falling due after more than one year
|
Note |
2024 |
2023 |
|
|
Due after one year |
|||
|
Loans and borrowings |
|
|
|
Loans and borrowings |
Non-current loans and borrowings
|
2024 |
2023 |
|
|
Redeemable preference shares |
|
|
Redeemable preference shares
The preference shares have a dividend payment of 2% and are redeemable at the discretion of the company.
Brookside Group Limited
Notes to the Unaudited Financial Statements
Year Ended 31 December 2024
|
Share capital |
Allotted, called up and fully paid shares
|
2024 |
2023 |
|||
|
No. |
£ |
No. |
£ |
|
|
|
|
70 |
|
70 |
|
|
|
1 |
|
1 |
|
|
|
1 |
|
1 |
|
|
|
10 |
|
10 |
|
|
|
10 |
|
10 |
|
|
|
10 |
|
10 |
|
|
|
61,500 |
|
61,500 |
|
|
|
4 |
|
4 |
|
|
|
236,398 |
|
258,148 |
|
|
|
|
|
|
|
Related party transactions |
|
Transactions with directors |
|
2024 |
At 1 January 2024 |
Advances to director |
Repayments by director |
At 31 December 2024 |
|
Mr M S Besley |
||||
|
Loan repayable on demand, with interest charged at the official rate |
- |
|
( |
- |
|
Mr A Besley |
||||
|
Loan repayable on demand, with interest charged at the official rate |
|
|
( |
|
|
Mr M Besley |
||||
|
Loan repayable on demand, with interest charged at the official rate |
- |
|
( |
- |
Brookside Group Limited
Notes to the Unaudited Financial Statements
Year Ended 31 December 2024
|
2023 |
At 1 January 2023 |
Advances to director |
Repayments by director |
At 31 December 2023 |
|
Mr M S Besley |
||||
|
Loan repayable on demand, with interest charged at the official rate |
|
|
( |
- |
|
Mr A Besley |
||||
|
Loan repayable on demand, with interest charged at the official rate |
- |
|
- |
|
|
Mr M Besley |
||||
|
Loan repayable on demand, with interest charged at the official rate |
|
|
( |
- |
Summary of transactions with other related parties