REGISTERED NUMBER: 05812310 (England and Wales)

BRANSTON LODGE DEVELOPMENTS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTORS:

P A Johnson

L M Johnson

SECRETARY:

D D L Johnson

REGISTERED OFFICE:

Unit 6G Exchange Road

Lincoln

Lincolnshire

LN6 3JZ

REGISTERED NUMBER:

05812310 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

4 Henley Way

Doddington Road

Lincoln

Lincolnshire

LN6 3QR

FIXED ASSETS

Tangible assets

4

45,562

60,749

Investment property

5

600,000

600,000

645,562

660,749

CURRENT ASSETS

Stocks

243,560

122,862

Debtors

6

49,714

40,565

Cash at bank and in hand

83,339

41,165

376,613

204,592

CREDITORS

Amounts falling due within one year

7

202,438

289,788

NET CURRENT ASSETS/(LIABILITIES)

174,175

(85,196

)

TOTAL ASSETS LESS CURRENT LIABILITIES

819,737

575,553

CREDITORS

Amounts falling due after more than one year

8

(442,740

)

(32,918

)

PROVISIONS FOR LIABILITIES

(27,384

)

(73,120

)

NET ASSETS

349,613

469,515

CAPITAL AND RESERVES

Called up share capital

10

1,000

1,000

Fair value reserve

47,978

184,481

Retained earnings

300,635

284,034

SHAREHOLDERS' FUNDS

349,613

469,515

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 6 August 2025 and were signed on its behalf by:

L M Johnson - Director

1.	STATUTORY INFORMATION

Branston Lodge Developments 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of properties is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on project completion.

Rental income

Rental income is recognised in the period to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life, and are apportioned on a monthly basis.

Plant and machinery etc. - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Investment property

Investment property is shown as most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

and 31 January 2025

85,500

DEPRECIATION

At 1 February 2024

24,751

Charge for year

15,187

At 31 January 2025

39,938

NET BOOK VALUE

At 31 January 2025

45,562

At 31 January 2024

60,749

The net book value of tangible fixed assets includes £33,199 (2024 - £44,266) in respect of assets held under hire purchase contracts.

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

600,000

Additions

167,760

Revaluations

(167,760

)

At 31 January 2025

600,000

NET BOOK VALUE

At 31 January 2025

600,000

At 31 January 2024

600,000

Fair value at 31 January 2025 is represented by:

£

Valuation in 2023

231,732

Valuation in 2025

(167,760

)

Cost

536,028

600,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

-

9,120

Other debtors

49,714

31,445

49,714

40,565

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

6,506

6,443

Hire purchase contracts

21,530

15,375

Trade creditors

-

445

Taxation and social security

4,060

3,658

Other creditors

170,342

263,867

202,438

289,788

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

422,419

11,433

Hire purchase contracts

20,321

21,485

442,740

32,918

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Hire purchase contracts

41,851

36,860

Bank loan

417,383

-

459,234

36,860

There are fixed and floating charges held by Aldermore Bank PLC over the undertaking of the company and all property.

Hire purchase contracts are secured on the assets in which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

1,000

Ordinary

£1

1,000

1,000