Company registration number 02165571 (England and Wales)
BRIARARCH DEVELOPMENTS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BRIARARCH DEVELOPMENTS LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
BRIARARCH DEVELOPMENTS LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
30 NOVEMBER 2024
30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
11,914
45,643
Cash at bank and in hand
220
157
12,134
45,800
Creditors: amounts falling due within one year
(13,760)
(45,448)
Net current (liabilities)/assets
(1,626)
352
Capital and reserves
Called up share capital
3
1,000
1,000
Profit and loss reserves
(2,626)
(648)
Total equity
(1,626)
352
For the financial year ended 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These 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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 28 August 2025
Mr M R Ratcliffe MBE
Director
Company registration number 02165571 (England and Wales)
BRIARARCH DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 2 -
1
Accounting policies
Company information
Briararch Developments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Wolseley House, Oriel Road, Cheltenham, Gloucestershire, United Kingdom, GL50 1BA.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The company relies for its working capital on the support of the sole director and other businesses in which he is a director or shareholder. The director has considered, taking into account the uncertainties created by global economic factors, the working capital needs of the company for a period of at least twelve months from the date of approval of these financial statements. true
The director has confirmed that he will continue to support the company through these uncertain times by not withdrawing his funding or that of the related businesses to the detriment of other unsecured creditors and by providing additional funding required to enable the company to continue to trade. On that basis, and in the face of the aforementioned going uncertainties, the director considers the company to be a going concern and has prepared the financial statements on that basis.
1.3
Turnover
Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts.
Revenue is recognised when an invoice is raised on the completion of a job.
1.4
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
BRIARARCH DEVELOPMENTS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024
- 3 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
3
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of 10p each
10,000
10,000
1,000
1,000
The whole of the issued share capital is part-paid at the rate of 10p for every £1 ordinary share.
4
Related party transactions
M R Ratcliffe Consultants Limited
A company in which the sole director is also a director and shareholder
The company makes sales and receives recharges on an arms length basis to/from M R Ratcliffe Consultants Limited. At the end of the year, the company was owed £312 (2023: £23,189) by the related party. The balance is unsecured, interest-free and repayable on demand.
Greenleaves Projects Limited
A company in which the sole director is also a director and shareholder
The company makes sales on an arms length basis to Greenleaves Projects Limited. At the end of the year the company was owed £4,498 (2023: £4,498) by Greenleaves Projects Limited. The balance is unsecured, interest-free and repayable on demand.
Mead Park Management Limited
A company in which the sole director is also a director and shareholder
During a previous year Mead Park Management Limited loaned the company £1,000 as working capital. At the end of the year the company owed £1,000 (2023: £1,000) to Mead Park Management Limited. The balance is unsecured, interest-free and repayable on demand.
Michael Ratcliffe MBE
Sole director and shareholder
Mr Ratcliffe advances money to the company for working capital. At the end of the year the company owed £4,892 (2023: £39,256) to Mr Ratcliffe. The advance is interest-free and unsecured. No terms of repayment have been agreed.