Registration number:
Brampton Valley Homes Limited
for the Year Ended 31 January 2025
Brampton Valley Homes Limited
Contents
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Company Information |
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Strategic Report |
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Directors' Report |
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Accountants' Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Statement of Changes in Equity |
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Statement of Cash Flows |
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Notes to the Unaudited Financial Statements |
Brampton Valley Homes Limited
Company Information
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Directors |
RJ Butler D Ward S V Girardier S Hunt Mrs Elizabeth Butler |
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Company secretary |
Mrs Elizabeth Butler |
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Registered office |
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Accountants |
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Brampton Valley Homes Limited
Strategic Report for the Year Ended 31 January 2025
The directors present their strategic report for the year ended 31 January 2025.
Principal activity
The principal activity of the company is that of development and sale of residential housing.
Fair review of the business
The directors are pleased to report that despite a difficult trading year which has presented a number of challenges the business remains in a strong strategic position to deliver future profits and growth. Changes in Government, regulations, economic pressures, and market conditions have caused uncertainty in the industry throughout the year. The business has successfully navigated these challenges alongside securing new schemes which are forecast to perform favourably in the coming years. While the industry continues to present challenges and uncertainty the business is well placed to manage these risks and thrive over the coming years.
Principal risks and uncertainties
The directors have carried out an assessment of the principal risks facing the company, including emerging risks, that would threaten its business model, future performance, solvency or liquidity.
Outlined below are the company's principal risks and uncertainties. These are the principal risks of the company as a whole and are not in any order of priority.
The company is exposed to a variety of other risks related to a range of issues such as human resources and talent, community relations, the regulatory environment and competition. These are all managed as part of the risk process at board level.
- Health, safety and product quality;
- Supply chain and environmental impact;
- Cyber security;
- Government and legislative changes; and
- Economic and market conditions
Approved and authorised by the
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Brampton Valley Homes Limited
Directors' Report for the Year Ended 31 January 2025
The directors present their report and the financial statements for the year ended 31 January 2025.
Directors of the company
The directors who held office during the year were as follows:
The following director was appointed after the year end:
Going concern
In preparing these financial statement the directors have assessed the ability of the company to continue to operate for the period of at least twelve months from the date of signing the financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for a period of at least twelve months from that date of signing these financial statements and accordingly they adopt the going concern basis in preparing these financial statements.
Approved and authorised by the
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Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Brampton Valley Homes Limited
for the Year Ended 31 January 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Brampton Valley Homes Limited for the year ended 31 January 2025 as set out on pages 5 to 17 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.
This report is made solely to the Board of Directors of Brampton Valley Homes Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Brampton Valley Homes Limited and state those matters that we have agreed to state to the Board of Directors of Brampton Valley Homes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brampton Valley Homes Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Brampton Valley Homes Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Brampton Valley Homes Limited. You consider that Brampton Valley Homes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Brampton Valley Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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Northampton
Northamptonshire
NN1 5PT
Brampton Valley Homes Limited
Profit and Loss Account for the Year Ended 31 January 2025
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Note |
2025 |
2024 |
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Turnover |
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Cost of sales |
( |
( |
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Gross profit |
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Administrative expenses |
( |
( |
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Operating profit |
624,866 |
797,828 |
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Interest payable and similar expenses |
( |
( |
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Profit before tax |
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Tax on profit |
( |
( |
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Profit for the financial year |
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The above results were derived from continuing operations.
The company has no recognised gains or losses for the year other than the results above.
Brampton Valley Homes Limited
Statement of Comprehensive Income for the Year Ended 31 January 2025
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2025 |
2024 |
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Profit for the year |
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Total comprehensive income for the year |
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Brampton Valley Homes Limited
(Registration number: 10002508)
Balance Sheet as at 31 January 2025
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Note |
2025 |
2024 |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.
Approved and authorised by the
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Brampton Valley Homes Limited
Statement of Changes in Equity for the Year Ended 31 January 2025
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Share capital |
Retained earnings |
Total |
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At 1 February 2024 |
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Profit for the year |
- |
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At 31 January 2025 |
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Share capital |
Retained earnings |
Total |
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At 1 February 2023 |
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Profit for the year |
- |
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At 31 January 2024 |
100 |
3,982,030 |
3,982,130 |
Brampton Valley Homes Limited
Statement of Cash Flows for the Year Ended 31 January 2025
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Note |
2025 |
2024 |
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Cash flows from operating activities |
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Profit for the year |
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Adjustments to cash flows from non-cash items |
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Finance costs |
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Income tax expense |
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Working capital adjustments |
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Increase in stocks |
( |
( |
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(Increase)/decrease in trade debtors |
( |
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(Decrease)/increase in trade creditors |
( |
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Cash generated from operations |
( |
( |
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Income taxes paid |
( |
( |
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Net cash flow from operating activities |
( |
( |
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Cash flows from financing activities |
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Interest paid |
( |
( |
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Proceeds from other borrowing draw downs |
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Proceeds from other loans |
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Net cash flows from financing activities |
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Net increase/(decrease) in cash and cash equivalents |
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( |
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Cash and cash equivalents at 1 February |
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Cash and cash equivalents at 31 January |
655,717 |
389,208 |
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Brampton Valley Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
England
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Brampton Valley Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
Judgements
In applying the Company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' best judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be appropriate. |
Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. |
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods. |
Revenue recognition
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of VAT.
In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Brampton Valley Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
Stocks
The cost of work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.
Where the substance of a contract is that the contractual obligations are performed gradually over time, revenue is recognised as contract activity progresses to reflect the partial performance of our contractual obligations. The amount of revenue included reflects the accrual of the right to consideration as contract activity progresses by reference to value of the work performed.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
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.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Brampton Valley Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Classification
Debt instruments such as loans and other accounts receivable and payable are initially measured at present value of the future payments and subsequently at amortised cost using the effective interest method; Debt instruments that are payable or receivable within one year, typically trade payables or receivables, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However if the arrangements of a short-term instrument constitute a financing transaction, such as the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in the case of an outright short-term loan not at market rate, the financial asset or liability is measured, initially and subsequently, at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Brampton Valley Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
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Turnover |
The analysis of the company's Turnover for the year from continuing operations is as follows:
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2025 |
2024 |
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Sale of goods |
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Interest payable and similar expenses |
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2025 |
2024 |
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Interest expense on other finance liabilities |
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Staff costs |
The aggregate payroll costs (including directors' remuneration) were as follows:
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2025 |
2024 |
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Wages and salaries |
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Social security costs |
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Pension costs, defined contribution scheme |
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Other employee expense |
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The average number of persons employed by the company (including directors) during the year, analysed by category was as follows:
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2025 |
2024 |
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Administration and support |
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Sales, marketing and distribution |
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Brampton Valley Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
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Taxation |
Tax charged/(credited) in the profit and loss account
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2025 |
2024 |
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Current taxation |
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UK corporation tax |
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The tax on profit before tax for the year is higher than the standard rate of corporation tax in the UK (2024 - higher than the standard rate of corporation tax in the UK) of
The differences are reconciled below:
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2025 |
2024 |
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Profit before tax |
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Corporation tax at standard rate |
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Decrease from effect of different UK tax rates on some earnings |
- |
( |
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Effect of expense not deductible in determining taxable profit (tax loss) |
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Total tax charge |
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Stocks |
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2025 |
2024 |
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Work in progress |
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Debtors |
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Current |
2025 |
2024 |
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Trade debtors |
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- |
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Other debtors |
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Prepayments |
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Brampton Valley Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
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Cash and cash equivalents |
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2025 |
2024 |
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Cash at bank |
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Creditors |
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Note |
2025 |
2024 |
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Due within one year |
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Trade creditors |
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Social security and other taxes |
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Outstanding defined contribution pension costs |
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Other payables |
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Accruals |
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Income tax liability |
16,581 |
95,820 |
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Due after one year |
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Loans and borrowings |
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Other financial liabilities |
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Pension and other schemes |
Defined contribution pension scheme
The company operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the company to the scheme and amounted to £
Contributions totalling £
Brampton Valley Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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100 |
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100 |
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Loans and borrowings |
Non-current loans and borrowings
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2025 |
2024 |
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Other borrowings |
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Related party transactions |
Summary of transactions with other related parties
Brampton Valley Limited (BVL), a company in which the directors and shareholders of Brampton Valley Homes Limited are connected.
The trading transactions with WCL are made up of various construction costs at arms length. During the year an arms length loan of £600,000 was made to the company by WCL which remained outstanding at the year end.
An arms length loan of £800,000 was made by BVL in the previous periods which remained outstanding at the year end.