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Brookside Group Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 December 2024

Registration number: 11780268

 

Brookside Group Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Brookside Group Limited

Balance Sheet

31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,120,531

2,694,919

Investments

5

464,754

464,754

 

2,585,285

3,159,673

Current assets

 

Debtors

6

381,982

225,153

Cash at bank and in hand

 

613,176

320,361

 

995,158

545,514

Creditors: Amounts falling due within one year

7

(276,672)

(132,326)

Net current assets

 

718,486

413,188

Total assets less current liabilities

 

3,303,771

3,572,861

Creditors: Amounts falling due after more than one year

7

(297,902)

(319,652)

Net assets

 

3,005,869

3,253,209

Capital and reserves

 

Called up share capital

9

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 Board on 7 August 2025 and signed on its behalf by:
 

.........................................
Mr M S Besley
Director

Company Registration Number: 11780268

 

Brookside Group Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
7 Cavalier Road
Heathfield
Newton Abbot
Devon
TQ12 6TQ

These financial statements were authorised for issue by the Board on 7 August 2025.

2

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

The company is exempt from the requirement to prepare group accounts.

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

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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
The company holds the following financial instruments:

• Short term trade and other debtors and creditors; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

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.


 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

 

Brookside Group Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2024

4

Tangible assets

Land and buildings
£

Cost or valuation

At 1 January 2024

2,694,919

Additions

9,765

Disposals

(584,153)

At 31 December 2024

2,120,531

Carrying amount

At 31 December 2024

2,120,531

At 31 December 2023

2,694,919

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

5

Investments

2024
£

2023
£

Investments in subsidiaries

464,754

464,754

Subsidiaries

£

Cost or valuation

At 1 January 2024 and 31 December 2024

464,754

Carrying amount

At 31 December 2024

464,754

At 31 December 2023

464,754

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

AUK Supplies Limited

7 Cavalier Road, TQ12 6TQ

ordinary

100%

100%

Subsidiary undertakings

AUK Supplies Limited

The principal activity of AUK Supplies Limited is the sale of kitchen equipment, kitchen fittings, cleaning materials and cleaning equipment and related activities. The company acquired all of the issued share capital of AUK Supplies Limited on 20 June 2019.

 

Brookside Group Limited

Notes to the Unaudited Financial Statements

Year Ended 31 December 2024

6

Debtors

Note

2024
£

2023
£

Trade debtors

 

-

-

Amounts owed by group undertakings

10

195,662

-

Prepayments

 

-

1,534

Other debtors

 

186,320

223,619

 

381,982

225,153

7

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

46,903

23,295

Accruals and deferred income

950

950

Other creditors

228,819

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

8

297,902

319,652

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Redeemable preference shares

297,902

319,652


 

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

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

70

70

70

70

'A' Ordinary shares of £1 each

1

1

1

1

'B' Ordinary shares of £1 each

1

1

1

1

'C' Ordinary shares of £1 each

10

10

10

10

'D' Ordinary shares of £1 each

10

10

10

10

'E' Ordinary shares of £1 each

10

10

10

10

'C' Preference shares of £1 each

61,500

61,500

61,500

61,500

'D' Preference shares of £1 each

4

4

4

4

'E' Preference shares of £1 each

236,398

236,398

258,148

258,148

298,004

298,004

319,754

319,754

10

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

-

80,066

(80,066)

-

Mr A Besley

Loan repayable on demand, with interest charged at the official rate

2,697

244,667

(151,326)

96,038

Mr M Besley

Loan repayable on demand, with interest charged at the official rate

-

68,027

(68,027)

-

 

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

17,961

47,535

(65,496)

-

Mr A Besley

Loan repayable on demand, with interest charged at the official rate

-

2,697

-

2,697

Mr M Besley

Loan repayable on demand, with interest charged at the official rate

10,603

28,029

(38,632)

-

Summary of transactions with other related parties

The company has made a loan of £100,000 (2023 - £100,000) to a not-for-profit business in which Mr M S Besley is a director and has a modest shareholding. The loan is interest free and repayable on demand.