IRIS Accounts Production v25.1.4.42 01233098 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh012330982023-12-31012330982024-12-31012330982024-01-012024-12-31012330982022-12-31012330982023-01-012023-12-31012330982023-12-3101233098ns15:EnglandWales2024-01-012024-12-3101233098ns14:PoundSterling2024-01-012024-12-3101233098ns10:Director12024-01-012024-12-3101233098ns10:PrivateLimitedCompanyLtd2024-01-012024-12-3101233098ns10:SmallEntities2024-01-012024-12-3101233098ns10:AuditExempt-NoAccountantsReport2024-01-012024-12-3101233098ns10:SmallCompaniesRegimeForDirectorsReport2024-01-012024-12-3101233098ns10:SmallCompaniesRegimeForAccounts2024-01-012024-12-3101233098ns10:FullAccounts2024-01-012024-12-3101233098ns10:Director22024-01-012024-12-3101233098ns10:Director32024-01-012024-12-3101233098ns10:Director42024-01-012024-12-3101233098ns10:RegisteredOffice2024-01-012024-12-3101233098ns5:CurrentFinancialInstruments2024-12-3101233098ns5:CurrentFinancialInstruments2023-12-3101233098ns5:Non-currentFinancialInstruments2024-12-3101233098ns5:Non-currentFinancialInstruments2023-12-3101233098ns5:ShareCapital2024-12-3101233098ns5:ShareCapital2023-12-3101233098ns5:CapitalRedemptionReserve2024-12-3101233098ns5:CapitalRedemptionReserve2023-12-3101233098ns5:RetainedEarningsAccumulatedLosses2024-12-3101233098ns5:RetainedEarningsAccumulatedLosses2023-12-3101233098ns5:FurnitureFittings2023-12-3101233098ns5:FurnitureFittings2024-01-012024-12-3101233098ns5:FurnitureFittings2024-12-3101233098ns5:FurnitureFittings2023-12-3101233098ns5:WithinOneYearns5:CurrentFinancialInstruments2024-12-3101233098ns5:WithinOneYearns5:CurrentFinancialInstruments2023-12-3101233098ns5:Secured2024-12-3101233098ns5:Secured2023-12-31
REGISTERED NUMBER: 01233098 (England and Wales)















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: R J E Bryan
M R Bryan
A J Bryan
J R Bryan





REGISTERED OFFICE: Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 01233098 (England and Wales)





ACCOUNTANTS: Verinder Powell Associates Ltd
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 3,348 3,806
Investments 5 24,000 24,000
Investment property 6 9,832,106 11,622,669
9,859,454 11,650,475

CURRENT ASSETS
Stocks 980,868 1,361,786
Debtors 7 115,347 141,746
Cash at bank 1,609,689 414,406
2,705,904 1,917,938
CREDITORS
Amounts falling due within one year 8 289,377 237,143
NET CURRENT ASSETS 2,416,527 1,680,795
TOTAL ASSETS LESS CURRENT LIABILITIES 12,275,981 13,331,270

CREDITORS
Amounts falling due after more than one
year

9

(2,669,560

)

(3,175,264

)

PROVISIONS FOR LIABILITIES (65,162 ) (119,540 )
NET ASSETS 9,541,259 10,036,466

CAPITAL AND RESERVES
Called up share capital 10,744 10,744
Capital redemption reserve 9,175 9,175
Retained earnings 9,521,340 10,016,547
9,541,259 10,036,466

Bryan Brothers Holdings Limited (Registered number: 01233098)

Balance Sheet - continued
31 December 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 11 August 2025 and were signed on its behalf by:





R J E Bryan - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 3 (2023 - 3 ) .

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 25,461
Additions 1,349
At 31 December 2024 26,810
DEPRECIATION
At 1 January 2024 21,655
Charge for year 1,807
At 31 December 2024 23,462
NET BOOK VALUE
At 31 December 2024 3,348
At 31 December 2023 3,806

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 11,622,669
Additions 9,437
Disposals (1,800,000 )
At 31 December 2024 9,832,106
NET BOOK VALUE
At 31 December 2024 9,832,106
At 31 December 2023 11,622,669

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 58,400 75,968
Other debtors 56,947 65,778
115,347 141,746

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 22,834 48,839
Trade creditors 2,329 1,920
Taxation and social security 123,420 84,071
Other creditors 140,794 102,313
289,377 237,143

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans 2,669,560 3,175,264

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Bank loans 2,692,394 3,224,103

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.