Brudenell Social Club Limited


Directors	N.S. Clark
	S.N. Rossiter


Registered Address	Brudenell Social Club
	33 Queens Road
	Leeds
	LS6 1NY


Registered Number	12363496 (England and Wales)

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue 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 transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue 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 transition can be measured reliably.

	Defined contribution pension plan
	The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

Defined contribution pension plan

The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Land and buildings	50
	Fixtures and fittings	10

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

	Cash and cash equivalents
	Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less.

Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.

	Share capital
	Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	39		42

3.	Tangible fixed assets

	Land & buildings	Fixtures & fittings	Total
	£	£	£
Cost or valuation
At 01 January 24	1,243,804	411,937	1,655,741
Additions	192,271	49,936	242,207
At 31 December 24	1,436,075	461,873	1,897,948
Depreciation and impairment
At 01 January 24	83,105	123,969	207,074
Charge for year	26,424	42,955	69,379
Other adjustments	-	1	1
At 31 December 24	109,529	166,925	276,454
Net book value
At 31 December 24	1,326,546	294,948	1,621,494
At 31 December 23	1,160,699	287,968	1,448,667


	Included within the net book value of land and buildings above is £1,326,546 (2023 - £1,160,699) in respect of freehold land and buildings.

4.	Stocks

	2024	2023
	£	£
Raw materials and consumables	47,011	42,581
Total	47,011	42,581

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Amounts owed by group undertakings	251,389	51,562
Other debtors	278	4
Prepayments and accrued income	4,911	4,354
Total	256,578	55,920

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	69,924	40,408
Amounts owed to related parties	452,140	161,952
Taxation and social security	161,562	186,519
Other creditors	3,837	12,626
Total	687,463	401,505

7.	Provisions for liabilities

	2024	2023
	£	£
Other provisions	56,000	50,200
Total	56,000	50,200

8.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
N.S. Clark	(80,976)	224,870	45,000	98,894
Interest free loan
S.N. Rossiter	(80,976)	224,870	45,000	98,894
Interest free loan
	(161,952)	449,740	90,000	197,788

9.	Share capital
	2 Ordinary shares of £1 each (2023 - 2 Ordinary shares of £1 each).

10.	Related party transactions
	Brudenell Presents Limited, Black Night Orangery Limited & Black Night Trading Limited. N.S. Clark and S.N. Rossiter are directors of Brudenell Presents Limited, Black Night Orangery Limited and Black Night Trading Limited. They are the shareholders of Brudenell Presents Limited and Black Night Orangery Limited. Brudenell Presents Limited owns 50% of the shares in Black Night Trading Limited. At the balance sheet date the amount due to Brudenell Presents Limited was £452,140 (2023 - £2,040), the amount due from Black Night Orangery Limited was £52,000 (2023 - £52,000) and the amount due from Black Night Trading Limited was £1,602 (2023 - £1,602).

10.

Related party transactions

Brudenell Presents Limited, Black Night Orangery Limited & Black Night Trading Limited.

N.S. Clark and S.N. Rossiter are directors of Brudenell Presents Limited, Black Night Orangery Limited and Black Night Trading Limited.  They are the shareholders of Brudenell Presents Limited and Black Night Orangery Limited. Brudenell Presents Limited owns 50% of the shares in Black Night Trading Limited.

At the balance sheet date the amount due to Brudenell Presents Limited was £452,140 (2023 - £2,040), the amount due from Black Night Orangery Limited was £52,000 (2023 - £52,000) and the amount due from Black Night Trading Limited was £1,602 (2023 - £1,602).

	Notes	2024		2023
		£	£	£	£
Fixed assets
Tangible assets	3		1,621,494		1,448,667
			1,621,494		1,448,667
Current assets
Stocks	4	47,011		42,581
Debtors	5	256,578		55,920
Cash at bank and on hand		578,276		501,691
		881,865		600,192
Creditors amounts falling due within one year	6	(687,463)		(401,505)
Net current assets (liabilities)			194,402		198,687
Total assets less current liabilities			1,815,896		1,647,354
Provisions for liabilities	7		(56,000)		(50,200)
Net assets			1,759,896		1,597,154
Capital and reserves
Called up share capital			2		2
Profit and loss account			1,759,894		1,597,152
Shareholders' funds			1,759,896		1,597,154