| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| Bryan Brothers Holdings Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 December 2024 |
| for |
| Bryan Brothers Holdings Limited |
| Bryan Brothers Holdings Limited (Registered number: 01233098) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Bryan Brothers Holdings Limited |
| Company Information |
| for the Year Ended 31 December 2024 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Suite 5 Corum 2 |
| Corum Office Park |
| Crown Way |
| Warmley |
| Bristol |
| BS30 8FJ |
| Bryan Brothers Holdings Limited (Registered number: 01233098) |
| Balance Sheet |
| 31 December 2024 |
| 31.12.24 | 31.12.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| Investment property | 6 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
9 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Capital redemption reserve |
| Retained earnings |
| Bryan Brothers Holdings Limited (Registered number: 01233098) |
| Balance Sheet - continued |
| 31 December 2024 |
| 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 were approved by the Board of Directors and authorised for issue on |
| Bryan Brothers Holdings Limited (Registered number: 01233098) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2024 |
| 1. | STATUTORY INFORMATION |
| Bryan Brothers Holdings Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| There have been no material departures from the Financial Reporting Standard 102 1A. |
| Turnover |
| The turnover shown in the profit and loss account represents rent receivable and income from the sale of stock properties during the year, net of VAT. Turnover arises from income received under operating lease agreements through the letting of investment properties and the disposal of properties developed for sale. |
| The company recognises revenue revenue when: |
| - the amount of revenue can be reliably measured; |
| - it is probable that future economic benefits will flow to the entity; |
| - the entity retains neither continuing managerial involvement to the degree usually associated |
| with ownership nor effective control over the services provided; |
| - the cost incurred or to be incurred in respect of the transaction can be reliably measured; |
| - all of the significant risks and rewards of ownership have been transferred to the customer; and |
| - specific criteria have been met for each of the company's activities. |
| Tangible fixed assets |
| Tangible fixed assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. |
| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
| Fixtures and fittings | - 25% on cost |
| Bryan Brothers Holdings Limited (Registered number: 01233098) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Investment property |
| Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit or loss account. |
| Stocks |
| Stock is comprised of properties that were previously included within investment property which will be developed prior to sale. The fair value of the investment properties transferred to stock has been treated as its deemed cost. The directors have opted to take a 'true and fair' override of company law to reflect this transfer at fair value in the financial statements in accordance with the financial reporting standard. |
| Stock other than transferred investment properties are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing stock to their present location and condition. |
| At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss. |
| 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. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| 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. |
| Bryan Brothers Holdings Limited (Registered number: 01233098) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| Borrowings |
| Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. |
| Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. |
| Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date. |
| Finance income and costs policy |
| Interest income and expenses are recognised using the effective interest rate method. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| Bryan Brothers Holdings Limited (Registered number: 01233098) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and |
| fittings |
| £ |
| COST |
| At 1 January 2024 |
| Additions |
| At 31 December 2024 |
| DEPRECIATION |
| At 1 January 2024 |
| Charge for year |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| 5. | FIXED ASSET INVESTMENTS |
| Investments (neither listed nor unlisted) were as follows: |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Other investment | 24,000 | 24,000 |
| Fixed asset investments are not listed and are held at cost less impairment as fair value cannot reliably be determined. |
| Bryan Brothers Holdings Limited (Registered number: 01233098) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 6. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2024 |
| Additions |
| Disposals | ( |
) |
| At 31 December 2024 |
| NET BOOK VALUE |
| At 31 December 2024 |
| At 31 December 2023 |
| The fair value of the company's investment properties were reviewed by the directors at 31 December 2024. |
| An independent valuer was not involved. |
| The basis of this valuation was on similar properties in the same geographical location area and on an open market value basis. The properties were valued by the directors, who deem this appropriate based on their expertise and experience. |
| Had this class of asset been measured on a historical cost basis, the carrying amount would have been £8,767,718 (2023: £10,676,769). |
| 7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| Bryan Brothers Holdings Limited (Registered number: 01233098) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Bank loans |
| 10. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Bank loans |
| Bank loans and borrowings are secured by way of fixed and floating charges held over the company's assets. |
| Bryan Brothers Holdings Limited (Registered number: 01233098) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2024 |
| 11. | RELATED PARTY DISCLOSURES |
| Loan from related parties |
| Key management |
Total |
| 2024 | £ | £ |
| At start of period | 4,863 | 4,863 |
| Advanced | 446,548 | 446,548 |
| Repaid | (440,220 | ) | (440,220 | ) |
| At end of period | 11,191 | 11,191 |
| Key management |
Total |
| 2023 | £ | £ |
| At start of period | - | - |
| Advanced | 91,304 | 91,304 |
| Repaid | (86,441 | ) | (86,441 | ) |
| At end of period | 4,863 | 4,863 |
| Loans from key management are interest free and repayable on demand. |
| 12. | ULTIMATE CONTROLLING PARTY |
| The company's immediate and ultimate parent company is The Bryan Group Inc, incorporated in USA. |