Branchwater Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05154394 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2024

for

Branchwater Developments Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

4

3

Investment property

5

30,650,000

30,650,003

CURRENT ASSETS

Debtors

6

22,204,107

20,843,499

Cash at bank

449,684

732,952

22,653,791

21,576,451

CREDITORS

Amounts falling due within one year

7

19,816,766

19,618,988

NET CURRENT ASSETS

2,837,025

1,957,463

TOTAL ASSETS LESS CURRENT
LIABILITIES

33,487,028

32,607,466

CREDITORS

Amounts falling due after more than one year

8

(27,870,579

)

(27,236,131

)

PROVISIONS FOR LIABILITIES

(1,724,380

)

(1,724,380

)

NET ASSETS

3,892,069

3,646,955

CAPITAL AND RESERVES

Called up share capital

5

Revaluation reserve

10

6,897,521

Retained earnings

(3,005,457

)

(3,250,571

)

3,892,069

3,646,955

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 29 October 2025 and were signed on its behalf by:

Mrs H L Davies - Director

1.	STATUTORY INFORMATION

Branchwater Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05154394

Registered office:

Cawthorne House, 19 Tivy Dale

Cawthorne

Barnsley

South Yorkshire

S75 4EJ

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 as modified by the revaluation of certain assets.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 November 2023

and 31 October 2024

3

NET BOOK VALUE

At 31 October 2024

3

At 31 October 2023

3

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2023

and 31 October 2024

30,650,000

NET BOOK VALUE

At 31 October 2024

30,650,000

At 31 October 2023

30,650,000

There are a number of charges, both fixed and floating over the assets of the company.

Fair value at 31 October 2024 is represented by:

£

Valuation in 2024

30,650,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Amounts owed by group undertakings

20,908,990

19,587,146

Other debtors

1,295,117

1,256,353

22,204,107

20,843,499

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans & overdrafts

11,653

6,000

Trade creditors

151,307

114,748

Amounts owed to group undertakings

18,955,671

Other taxation & social security

32,168

16,066

Other creditors

665,967

526,503

19,816,766

19,618,988

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2024

2023

£

Bank loans

26,819,949

26,185,633

Other creditors

1,050,630

1,050,498

27,870,579

27,236,131

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

15,317,495

15,245,894

Hampshire Trust Bank

10,970,349

10,882,200

26,287,844

26,128,094

Repayable by instalments

Bank loans more 5 yr by instal

7,451

13,216

Other loans more 5yrs instal

1,050,630

1,050,498

1,058,081

1,063,714

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

Other loans

1,079,950

1,069,627

Bank Loans

26,287,843

26,128,094

27,367,793

27,197,721

The loan is secured against the investment property.

10.

RESERVES

Revaluation

reserve

£

At 1 November 2023

and 31 October 2024

6,897,521