Bracknell Lettings Limited 30/11/2024 iXBRL

Company registration number: 15270337

Bracknell Lettings Limited

Unaudited filleted financial statements

30 November 2024

Pearlman Rose

Chartered Accountants

Suite 1, First Floor

Jack Dash House

2 Lawn House Close

London, E14 9YQ

Bracknell Lettings Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Bracknell Lettings Limited

Directors and other information


	Directors	Mr Jahid Akbar
		Mr Pervez AKBAR


	Company number	15270337


	Registered office	Ram Mill
		Gordon Street
		Chadderton
		Oldham
		OL9 9RH


	Business address	Ram Mill Gordon Street
		Chadderton
		Oldham
		England
		OL9 9RH


	Accountants	Pearlman Rose
		Suite 1, First Floor Jack Dash House
		2 Lawn House Close
		London
		E14 9YQ




	Bankers	AL RAYAN BANK PlC

Bracknell Lettings Limited

Statement of financial position

30 November 2024

		30/11/24
	Note	£	£

Fixed assets
Investments	4	16,000,000
		_______
			16,000,000

Current assets
Debtors	5	1,294,100
Cash at bank and in hand		3,246
		_______
		1,297,346
Creditors: amounts falling due
within one year	6	( 74,608)
		_______
Net current assets			1,222,738
			_______
Total assets less current liabilities			17,222,738

Creditors: amounts falling due
after more than one year	7		( 15,286,215)
			_______
Net assets			1,936,523
			_______

Capital and reserves
Called up share capital			100
Revaluation reserve			1,979,807
Profit and loss account			( 43,384)
			_______
Shareholders funds			1,936,523
			_______

For the period ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 06 November 2025 , and are signed on behalf of the board by:

Mr Jahid Akbar

Director

Company registration number: 15270337

Bracknell Lettings Limited

Statement of changes in equity

Period ended 30 November 2024

	Called up share capital	Revaluation reserve	Profit and loss account	Total
	£	£	£	£


At 9 November 2023	-	-	-	-

Loss for the period			( 43,384)	( 43,384)
Other comprehensive income for the period:
Revaluation of tangible assets		1,979,807		1,979,807
	_______	_______	_______	_______
Total comprehensive income for the period	-	1,979,807	( 43,384)	1,936,423

Issue of shares	100			100
	_______	_______	_______	_______
Total investments by and distributions to owners	100	-	-	100

	_______	_______	_______	_______
At 30 November 2024	100	1,979,807	( 43,384)	1,936,523
	_______	_______	_______	_______

Bracknell Lettings Limited

Notes to the financial statements

Period ended 30 November 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Ram Mill, Gordon Street, Chadderton, Oldham, OL9 9RH.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the exemption from preparing consolidated financial statements contained in Section 400 of the Companies Act 2006 on the basis that it is a subsidiary undertaking and its immediate parent undertaking is established under the law of any part of the United Kingdom.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Investments

	Other investments other than loans	Total
	£	£
Cost
At 9 November 2023	-	-
Additions	16,000,000	16,000,000
	_______	_______
At 30 November 2024	16,000,000	16,000,000
	_______	_______
Impairment
At 9 November 2023 and 30 November 2024	-	-
	_______	_______
Carrying amount
At 30 November 2024	16,000,000	16,000,000
	_______	_______

5. Debtors

			30/11/24
			£
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		100
	Other debtors		1,294,000
			_______
			1,294,100
			_______

6. Creditors: amounts falling due within one year

			30/11/24
			£
	Trade creditors		6,409
	Corporation tax		( 9,500)
	Other creditors		77,699
			_______
			74,608
			_______

7. Creditors: amounts falling due after more than one year

			30/11/24
			£
	Bank loans and overdrafts		7,000,000
	Other creditors		8,286,215
			_______
			15,286,215
			_______

Al Rayan Bank have a fixed charge over the company's fixed asset investment.