BRACKS LIMITED

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 02857477

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		650		945
Investments	5		584,860		321,111

			585,510		322,056
CURRENT ASSETS
Cash at bank and in hand		21,768		21,618

		21,768		21,618
Creditors: Amounts Falling Due Within One Year		(389,287 )		(125,127 )

NET CURRENT ASSETS (LIABILITIES)			(367,519 )		(103,509 )

TOTAL ASSETS LESS CURRENT LIABILITIES			217,991		218,547

Creditors: Amounts Falling Due After More Than One Year			(125,000 )		(125,000 )

NET ASSETS			92,991		93,547

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			92,891		93,447

SHAREHOLDERS' FUNDS			92,991		93,547

Page 1

Page 2

BRACKS LIMITED

Abridged Balance Sheet (continued)

As At 31 December 2024

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2024 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr R K SOUTHGATE

Director

27 August 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

BRACKS LIMITED Registered number 02857477 is a limited by shares company incorporated in England & Wales. The Registered Office is 3 LANSDOWN PARK, BATH, BA1 5TG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery

25% per annum.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 2

	2024	2023
Office and administration	2	2

	2	2

4. Tangible Assets

	Total
	£
Cost
As at 1 January 2024	5,636

As at 31 December 2024	5,636

Depreciation
As at 1 January 2024	4,691
Provided during the period	295

As at 31 December 2024	4,986

Net Book Value
As at 31 December 2024	650

As at 1 January 2024	945

5. Investments

	Total
	£
Cost
As at 1 January 2024	321,111
Additions	302,237
Disposals	(38,488 )

As at 31 December 2024	584,860

Provision
As at 1 January 2024	-

As at 31 December 2024	-

...CONTINUED

Page 3

Page 4

BRACKS LIMITED

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2024

Net Book Value
As at 31 December 2024	584,860

As at 1 January 2024	321,111

The market value of the listed investments at 31 December 2024 was £764,778 (2023: £491,882). During the year listed investments at a market value of £80,626 were sold (2023: £80,000) resulting a capital gain of £46,053 (2023 Restated: £42,956).

6. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	100	100

7. Controlling Party

The Company's controlling party is MR ROGER SOUTHGATE by virtue of his ownership of 60% of the issued share capital in the Company.