|
| Basis for opinion |
| We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the accounts section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the accounts in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
|
| Conclusions relating to going concern |
| In auditing the accounts, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the accounts is appropriate. |
| Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue. |
| Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
|
| Other information |
| The other information comprises the information included in the annual report other than the accounts and our auditor’s report thereon. The directors are responsible for the other information contained within the annual report. Our opinion on the accounts does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the accounts or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the accounts themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. |
| We have nothing to report in this regard. |
|
| Opinions on other matters prescribed by the Companies Act 2006 |
| In our opinion, based on the work undertaken in the course of the audit: |
| ● |
the information given in the directors’ report for the financial year for which the accounts are prepared is consistent with the accounts; and |
| ● |
the directors’ report has been prepared in accordance with applicable legal requirements. |
|
| Matters on which we are required to report by exception |
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The company is subject to laws and regulations that directly affect the financial statements including financial reporting legislation. We determined that the following laws and regulations were most significant: |
| ● |
The Companies Act 2006; |
| ● |
Financial Reporting Standard 102; |
| ● |
General Data Protection Regulations: and |
| ● |
UK Tax Legislation |
| We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items. We understood how the company is complying with those legal ad regulatory frameworks by, making inquiries to management, those responsible for legal and compliance procedures and the company secretary. The engagement partner assessed whether the engagement team collectively had the appropriate competence and capabilities to identify or recognize non-compliance with laws and regulations. The assessment did not identify any issues in this area. We assessed the susceptibility of the Company's financial statements to material misstatement, including how fraud might occur. Audit procedures performed by the engagement team included: |
| ● |
Identifying and assessing the measures management has in place to prevent and detect fraud |
| ● |
Understanding how those charged with governance considered and addressed the potential for override of controls or other inappropriate influence over the financial reporting process; and |
| ● |
Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations As a result of the above procedures, we considered the opportunities and incentives that may exist within the organization or fraud and identifies the greatest potential for fraud in the following areas: |
| ● |
The use of management override of controls to manipulate results, or to cause the Company to enter into transactions not in its best interests; or |
| ● |
Posting of unusual journals and complex transactions. |
| Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statement or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statement, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collision, omission or misrepresentation. |
|
| Use of our report |
| This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
|
|
|
| Krishna Prasad Dahal, FCCA |
| (Senior Statutory Auditor) |
| for and on behalf of |
| Focus Somar Audit & Tax Accountants Ltd. |
| Statutory Auditor |
| 26 September 2025 |
|
| BRISTAL DEVELOPMENTS LIMITED |
| Registered number: |
10074673 |
| STATEMENT OF FINANCIAL POSITION |
| as at 30 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Current assets |
| Stocks |
|
|
1,020,007 |
|
|
1,993,867 |
| Debtors |
4 |
|
23,707 |
|
|
24,720 |
| Cash at bank and in hand |
|
|
5,304 |
|
|
3,382 |
|
| Total assets less current liabilities |
|
|
|
1,049,018 |
|
|
2,021,969 |
|
| Creditors: amounts falling due within one year |
|
|
|
(1,005,205) |
|
|
(1,959,694) |
|
|
|
| Net assets |
|
|
|
43,813 |
|
|
62,275 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
43,713 |
|
|
62,175 |
|
| Shareholders' funds |
|
|
|
43,813 |
|
|
62,275 |
|
|
|
|
|
|
|
|
| The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordamce with the provisions of FRS 102 Section 1A - small entities. |
| The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small company regime. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
| The financial statements were approved and authorised for issue by the board and were signed on its behalf by: |
|
| E P Aleo |
| Director |
| Approved by the board on 26 September 2025 |
|
| BRISTAL DEVELOPMENTS LIMITED |
| Notes to the Accounts |
| for the year ended 30 September 2024 |
|
| 1 |
General Information |
|
Bristal Developments Limited is a private company limited by shares incorporated in England and Wales. The address of the registered office is disclosed on the company information page.
The Company's functional and presentational currency is GBP (£). |
| 1 |
Accounting policies |
| 2.1 |
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). |
| 2.2 |
Revenue |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
| 2.3 |
Financial Instruments |
|
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. |
| 2.4 |
Finance costs |
|
Finance costs are charged to profit or loss over the term of the debt using effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument. |
| 2.5 |
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
| 2.6 |
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. |
|
| 2.7 |
Dividend |
|
Equity dividends are recognised when they become legally payable. Interim equity dividends are when paid. Final equity dividends when approved by the shareholders at an annual general meeting. |
| 3 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
The average monthly number of employees, including directors |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Prepayments |
|
|
|
|
65 |
|
85 |
|
Other debtors |
23,642 |
|
24,635 |
|
|
|
|
|
|
23,707 |
|
24,720 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
10,476 |
|
22,086 |
|
Amounts owed to group undertakings |
|
|
|
960,049 |
|
1,868,330 |
|
Corporation Tax |
27,180 |
|
61,778 |
|
Other creditors |
7,500 |
|
7,500 |
|
|
|
|
|
|
1,005,205 |
|
1,959,694 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Contingent Liabilities |
|
There is a legal charge registered in the parent company Lesiure Inc (Knightsbridge) Limited, which provides security against the loan facility drawndown by the parent company against all properties within the Group. |
|
| 7 |
Parent company |
|
Leisure Inc (Knitsbridge) Limited, is the parent company of the group for which consolidated accounts are drawn up. The registered office is: Islet Lodge, Islet Road, Maidenhead, Berkshire, England, SL6 8LE. |
|
| 8 |
Auditors' information |
|
The auditors' report on financial statement for the year ended 30 September 2024 was unqualified. The report was signed on 26 September 2024 by Krishna Prasad Dahal FCCA (Senior Statutory Auditor) on behalf of Focus Somar Audit & Tax Accountants Ltd. |
|
|
Krishna Prasad Dahal, FCCA |
|
Focus Somar Audit & Tax Accountants Ltd. |
|
26 September 2025 |