Company registration number 10250879 (England and Wales)
Bricket Lodge Residential Property Investments Limited
Unaudited Financial Statements
For the year ended 31 March 2025
PAGES FOR FILING WITH REGISTRAR
Bricket Lodge Residential Property Investments Limited
Content
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
Bricket Lodge Residential Property Investments Limited
Balance Sheet
As at 31 March 2025
- 1 -
31 March 2025
31 March 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1
1
Investment property
4
2,550,000
2,550,000
2,550,001
2,550,001
Current assets
Debtors
5
1,400,557
1,259,296
Cash at bank and in hand
19,460
14,315
1,420,017
1,273,611
Creditors: amounts falling due within one year
6
(2,023,632)
(1,949,664)
Net current liabilities
(603,615)
(676,053)
Total assets less current liabilities
1,946,386
1,873,948
Creditors: amounts falling due after more than one year
7
(1,667)
(11,667)
Provisions for liabilities
8
(406,271)
-
0
Net assets
1,538,448
1,862,281
Capital and reserves
Called up share capital
9
100
100
Profit and loss reserves
1,538,348
1,862,181
Total equity
1,538,448
1,862,281

For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Bricket Lodge Residential Property Investments Limited
Balance Sheet (Continued)
As at 31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 3 November 2025 and are signed on its behalf by:
Mr J. K. Rudkin
Director
Company registration number 10250879 (England and Wales)
Bricket Lodge Residential Property Investments Limited
Notes to the Financial Statements
For the year ended 31 March 2025
- 3 -
1
Accounting policies
Company information

Bricket Lodge Residential Property Investments Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pendragon House, 65 London Road, St Albans, Hertfordshire, AL1 1LJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 and loss.

1.2
Turnover

Turnover shown in the profit and loss account represents rent received, rents receivable and fees charged.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Motor vehicles
33% Straight Line
1.4
Investment property

Freehold investment properties are initially recorded at cost, and subsequently stated at cost less any impairment losses. Any Freehold investment properties carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

No depreciation is provided in respect of freehold investment properties. The directors consider that this accounting policy results in the accounts giving a true and fair view as the current value of investment properties, and changes in current value, are of prime importance rather than the calculation of systematic annual depreciation.

Bricket Lodge Residential Property Investments Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

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. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of asset.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 and Section 12 of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Bricket Lodge Residential Property Investments Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
1
Accounting policies
(Continued)
- 5 -
1.8

Repairs

All repairs and renewals are written off as they are incurred.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

31 March 2025
31 March 2024
Number
Number
Total
0
0
3
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2024 and 31 March 2025
54,000
Depreciation and impairment
At 1 April 2024 and 31 March 2025
53,999
Carrying amount
At 31 March 2025
1
At 31 March 2024
1

4
Investment property
31 March 2025
£
Fair value
At 1 April 2024 and 31 March 2025
2,550,000

Freehold investment properties are initially recorded at cost and are shown at cost or at revaluation as stated in the 'Freehold investment properties' policy.

Bricket Lodge Residential Property Investments Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
- 6 -
5
Debtors
31 March 2025
31 March 2024
Amounts falling due within one year:
£
£
Trade debtors
6,610
2,966
Other debtors
1,393,947
1,256,330
1,400,557
1,259,296
6
Creditors: amounts falling due within one year
31 March 2025
31 March 2024
£
£
Bank loans
1,886,281
1,885,699
Trade creditors
9,997
5,476
Corporation tax
27,480
22,668
Other creditors
95,074
30,821
Accruals and deferred income
4,800
5,000
2,023,632
1,949,664
7
Creditors: amounts falling due after more than one year
31 March 2025
31 March 2024
£
£
Bank loans and overdrafts
1,667
11,667
8
Provisions for liabilities
31 March 2025
31 March 2024
£
£
Deferred tax liabilities
406,271
-
0
9
Called up share capital
31 March 2025
31 March 2024
31 March 2025
31 March 2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
Bricket Lodge Residential Property Investments Limited
Notes to the Financial Statements (Continued)
For the year ended 31 March 2025
- 7 -
10
Related party transactions
Balances with related parties

At the balance sheet date the company had the following balances with its directors and associated businesses:

Amounts owed by
Amounts owed to
related parties
related parties
31 March 2025
31 March 2024
31 March 2025
31 March 2024
£
£
£
£
Acorn Residential Property Investments Ltd
1,262,009
1,173,500
-
0
-
0
J K Rudkin (Builders) Ltd
129,856
75,432
-
0
-
0
J.K and J.M Rudkin
-
0
-
0
52,355
30,821
Oak Property Rentals
-
0
5,433
42,519
-
0
11
Ultimate control

Ultimate control is vested in the directors.

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