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Company Registration No. 09514190 (England and Wales)
Brightbeech Developments Ltd Unaudited accounts for the year ended 31 March 2025
Brightbeech Developments Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Brightbeech Developments Ltd Company Information for the year ended 31 March 2025
Director
Mr Timothy R Lincoln
Company Number
09514190 (England and Wales)
Registered Office
14a Market Place Romsey Hampshire SO51 8NA
Accountants
Karen A Sennitt FCA CTA The Newport Newport Lane, Braishfield Romsey Hampshire SO51 0PL
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Brightbeech Developments Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
54,961
58,252
Investment property
5
10,191,432
9,025,000
10,246,393
9,083,252
Current assets
Debtors
6
8,946
24,894
Cash at bank and in hand
112,305
59,175
121,251
84,069
Creditors: amounts falling due within one year
7
(2,354,023)
(287,248)
Net current liabilities
(2,232,772)
(203,179)
Total assets less current liabilities
8,013,621
8,880,073
Creditors: amounts falling due after more than one year
8
(3,088,818)
(3,896,317)
Provisions for liabilities
Deferred tax
(576,590)
(576,590)
Net assets
4,348,213
4,407,166
Capital and reserves
Called up share capital
100
100
Revaluation reserve
2,398,972
2,398,972
Profit and loss account
1,949,141
2,008,094
Shareholders' funds
4,348,213
4,407,166
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 October 2025 and were signed on its behalf by
Mr Timothy R Lincoln Director Company Registration No. 09514190
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Brightbeech Developments Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Brightbeech Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 09514190. The registered office is 14a Market Place, Romsey, Hampshire, SO51 8NA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance
Computer equipment
33% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Investments
Investments in shares are included at fair value.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Brightbeech Developments Ltd Notes to the Accounts for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
103,382
2,747
106,129
Additions
10,600
-
10,600
At 31 March 2025
113,982
2,747
116,729
Depreciation
At 1 April 2024
45,533
2,344
47,877
Charge for the year
13,690
201
13,891
At 31 March 2025
59,223
2,545
61,768
Net book value
At 31 March 2025
54,759
202
54,961
At 31 March 2024
57,849
403
58,252
5
Investment property
2025
£
Fair value at 1 April 2024
9,025,000
Additions
1,176,432
Disposals
(10,000)
At 31 March 2025
10,191,432
Investment property was valued on an open market basis on 31 March 2025 by the director. In respect of investment property held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model is £7,792,461 (2024: £6,626,058).
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
4,125
12,423
Amounts due from group undertakings etc.
460
-
Accrued income and prepayments
3,237
-
Other debtors
1,124
12,471
8,946
24,894
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Brightbeech Developments Ltd Notes to the Accounts for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
39,242
158,353
Trade creditors
14,263
1,351
Amounts owed to group undertakings and other participating interests
2,212,929
-
Taxes and social security
-
16,010
Other creditors
23,500
23,500
Accruals
7,420
88,034
Deferred income
56,669
-
2,354,023
287,248
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
560,758
1,311,647
Loans from directors
2,528,060
2,584,670
3,088,818
3,896,317
The bank loan from Handelsbanken Plc of £600,000 (2024: £1,470,000) is secured on the freehold properties at 6, 9, 10, 14 & 15 Market Place, Romsey by fixed legal charge.
9
Transactions with related parties
Mr T R Lincoln is a director and shareholder of the company. As at 31 March 2025, the company owed Mr T R Lincoln, a director and shareholder, £2,528,060 (2024: £2,584,670) which is included within other creditors due after more than one year.
10
Average number of employees
During the year the average number of employees was 0 (2024: 0).
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