| BRS Yorkshire Limited |
| Registered number: |
11164841 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
|
| Fixed assets |
| Tangible assets |
3 |
|
|
510,000 |
|
|
510,000 |
|
| Current assets |
| Cash at bank and in hand |
|
|
21,717 |
|
|
22,854 |
|
| Creditors: amounts falling due within one year |
4 |
|
(122,148) |
|
|
(134,674) |
|
| Net current liabilities |
|
|
|
(100,431) |
|
|
(111,820) |
|
| Total assets less current liabilities |
|
|
|
409,569 |
|
|
398,180 |
|
| Creditors: amounts falling due after more than one year |
5 |
|
|
(125,756) |
|
|
(127,478) |
|
| Provisions for liabilities |
|
|
|
(46,103) |
|
|
(46,103) |
|
|
| Net assets |
|
|
|
237,710 |
|
|
224,599 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
237,610 |
|
|
224,499 |
|
| Shareholders' funds |
|
|
|
237,710 |
|
|
224,599 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| S Beardshall |
| Director |
| Approved by the board on 8 December 2025 |
|
| BRS Yorkshire Limited |
| Notes to the Accounts |
| for the year ended 31 March 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents rental income being rent receivable from tenants in respect of the lease of the company's properties. |
|
|
Investment properties |
|
Investment properties are carried at fair value determined annually by external valuers or the directors and derived from the current market rents and investment property yields for comparable properties, adjusted if necessary for any difference in the nature, location or condition of the specific asset. no depreciation is provided. Changes in fair value are recognised in profit or loss.No depreciation is provided on investment properties. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment properties |
|
|
Fair value |
|
At 1 April 2024 |
510,000 |
|
At 31 March 2025 |
510,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
510,000 |
|
At 31 March 2024 |
510,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
|
|
Historical cost |
267,353 |
|
267,353 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
267,353 |
|
267,353 |
|
The properties have been valued by the directors at the financial year end, taking into account professional valuations when refinancing. |
|
|
| 4 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
|
|
|
Bank loans and overdrafts |
1,789 |
|
1,726 |
|
Trade creditors |
600 |
|
600 |
|
Taxation and social security costs |
3,075 |
|
3,115 |
|
Other creditors |
116,684 |
|
129,233 |
|
|
|
|
|
|
122,148 |
|
134,674 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
|
|
|
Bank loans |
125,756 |
|
127,478 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Loans |
2025 |
|
2024 |
|
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
75,000 |
|
75,000 |
|
Instalments falling due for payment after more than five years |
42,897 |
|
44,895 |
|
|
|
|
|
|
117,897 |
|
119,895 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
127,545 |
|
129,204 |
|
|
|
|
|
|
|
|
|
|
The bank loans are secured against investment properties owned by the company. |
|
|
| 7 |
Related party transactions |
|
|
During the year, the company entered into transactions with a company connected by common directors. These transactions were made on an arm's length basis at market value. At the year end there was £80,734 (2024 - £80,734) owed to (from) this company.
Directors' Remuneration
The aggregate remuneration of the directors during the year was:
2025: £Nil
2024: £Nil
Remuneration includes salaries, benefits in kind, pension contributions and other emoluments.
Advances, Credits and Guarantees
At the balance sheet date, the following amounts were due from/(to) the directors:
Loan balance: £(35,566) (2024:£(48,126))
The loan is interest free, unsecured and repayable on demand.
|
|
| 8 |
Controlling party |
|
|
The directors consider that there is no individual controlling party. |
|
|
| 9 |
Other information |
|
|
BRS Yorkshire Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
20a Racecommon Road |
|
Barnsley |
|
South Yorkshire |
|
S70 1BH |