REGISTERED NUMBER: 07003812 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRINDLE HOMES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr C D Brown

SECRETARY:

Mr D G Brown

REGISTERED OFFICE:

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

REGISTERED NUMBER:

07003812 (England and Wales)

ACCOUNTANTS:

Wallwork Nelson & Johnson

Chandler House

7 Ferry Road Office Park

Riversway

Preston

Lancashire

PR2 2YH

FIXED ASSETS

Tangible assets

4

123,791

62,986

CURRENT ASSETS

Work in progress

5

4,886,593

3,488,758

Debtors

6

170,907

171,561

Cash at bank

10,308

9,897

5,067,808

3,670,216

CREDITORS

Amounts falling due within one year

7

4,171,396

2,770,719

NET CURRENT ASSETS

896,412

899,497

TOTAL ASSETS LESS CURRENT LIABILITIES

1,020,203

962,483

CREDITORS

Amounts falling due after more than one year

8

77,557

20,224

NET ASSETS

942,646

942,259

CAPITAL AND RESERVES

Called up share capital

900,090

900,090

Capital redemption reserve

10

10

Retained earnings

42,546

42,159

SHAREHOLDERS' FUNDS

942,646

942,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 24 September 2025 and were signed by:

Mr C D Brown - Director

1.	STATUTORY INFORMATION

Brindle Homes 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

15% on cost

Computer equipment

-

33% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and any provision for impairment in value.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The director believes that the company has sufficient trade and financial resources to continue in operational existence for the foreseeable future. Thus the Going Concern basis of accounting in preparing the annual financial statements has been adopted.

Fixed asset investments

Fixed asset investments are measured at cost less impairment.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 January 2024

64,128

31,529

3,736

99,393

Additions

55,001

53,359

540

108,900

Disposals

(39,600

)

-

-

(39,600

)

At 31 December 2024

79,529

84,888

4,276

168,693

DEPRECIATION

At 1 January 2024

15,010

18,516

2,881

36,407

Charge for year

7,648

9,087

670

17,405

Eliminated on disposal

(8,910

)

-

-

(8,910

)

At 31 December 2024

13,748

27,603

3,551

44,902

NET BOOK VALUE

At 31 December 2024

65,781

57,285

725

123,791

At 31 December 2023

49,118

13,013

855

62,986

5.	WORK IN PROGRESS

31/12/24

31/12/23

£

£

Work-in-progress

4,886,593

3,488,758

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

VAT

20,224

21,882

Deferred tax asset

92,280

93,198

Prepayments

58,403

56,481

170,907

171,561

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans and overdrafts

10,648

10,648

Hire purchase contracts

16,795

5,203

Trade creditors

51,720

83,237

Social security and other taxes

5,847

5,303

Other creditors

4,085,386

2,665,328

Accrued expenses

1,000

1,000

4,171,396

2,770,719

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/12/24

31/12/23

£

£

Bank loans - 1-2 years

8,417

10,648

Bank loans - 2-5 years

-

7,802

Hire purchase contracts

69,140

1,774

77,557

20,224

9.	RELATED PARTY DISCLOSURES

During the year, the company received monies totalling £554,103 from Mr D G Brown. As at 31 December 2024, this amount remained outstanding (2023: £75,000).

During the year, the company repaid in full monies owed to the D Brown 1998 Trust so that as at 31 December 2024 the balance was £Nil (2023: £108,000).

In addition, DGB1998 Holdings Limited made advances totalling £680,000 to the company during the year.

As at 31 December 2024, the company owed £2,497,245 (2023: £1,817,245) to DGB1998 Holdings Limited.

Idealreview Limited, considered a related party by virtue of common control, made advances totalling £369,000 to the company during the year. As at 31 December 2024, the total loan owing to Idealreview Limited was £1,034,000 (2023: £665,000).

All loans are repayable on demand and no interest has been charged.