ACCOUNTS - Final Accounts

Registered number: 10502993

BRITANNIC DEVELOPMENT HOLDINGS LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2025

BRITANNIC DEVELOPMENT HOLDINGS LIMITED

REGISTERED NUMBER: 10502993

BALANCE SHEET

AS AT 28 FEBRUARY 2025

	28 February	29 February
	2025	2024
Note	£	£

Fixed assets
Investments	4		200		200
			200		200
Current assets
Debtors: amounts falling due after more than one year	5	1,429,000		1,429,000
Cash at bank and in hand	6	200		200
		1,429,200		1,429,200
Creditors: amounts falling due within one year		(29,200)		(29,200)
Net current assets			1,400,000		1,400,000
Total assets less current liabilities			1,400,200		1,400,200

Net assets			1,400,200		1,400,200

Capital and reserves
Called up share capital	200	200
Profit and loss account	1,400,000	1,400,000
	1,400,200	1,400,200

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BRITANNIC DEVELOPMENT HOLDINGS LIMITED

REGISTERED NUMBER: 10502993

BALANCE SHEET (CONTINUED)

AS AT 28 FEBRUARY 2025

For the year ended 28 February 2025 the Company was entitled to exemption from audit under section 480 of the Companies Act 2006.

Members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance 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 companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 11 November 2025.

................................................

M Sheridan

Director

The notes on pages 3 to 4 form part of these financial statements.

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BRITANNIC DEVELOPMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

1.	General information

Britannic Development Holdings Limited is a private company limited by shares. The company is incorporated in England & Wales and its registered address is Aston House, Cornwall Avenue, London, N3 1LF. The registered number is 10502993.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are presented in Sterling (£), which is the functional currency of the entity.

2.2

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of income and retained earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.4

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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BRITANNIC DEVELOPMENT HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 March 2024	200
	At 28 February 2025	200

5.	Debtors
		28 February	29 February
		2025	2024
		£	£

Due after more than one year
Amounts owed by group undertakings	1,429,000	1,429,000
	1,429,000	1,429,000

6.	Cash and cash equivalents
		28 February	29 February
		2025	2024
		£	£

Cash at bank and in hand	200	200
	200	200

7.	Related party transactions
	At the balance sheet date the company was owed £1,429,000 (2024: £1,429,000) from its subsidiary company, Britannic Developments Limited. This loan is interest free, unsecured and repayable on demand.

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