REGISTERED NUMBER: 04309782 (England and Wales)

L & A Bray Limited

Financial Statements

for the Year Ended 31 March 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

L C Bray

Mrs A E Bray

SECRETARY:

Mrs A E Bray

REGISTERED OFFICE:

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

REGISTERED NUMBER:

04309782 (England and Wales)

ACCOUNTANTS:

Read Woodruff

Chartered Accountants

24 Cornwall Road

Dorchester

Dorset

DT1 1RX

FIXED ASSETS

Tangible assets

4

1,597

2,129

Investment property

5

2,830,000

2,792,000

2,831,597

2,794,129

CURRENT ASSETS

Debtors

6

92,383

2,084

Investments

7

1,018,681

1,019,224

Cash at bank

21,790

28,125

1,132,854

1,049,433

CREDITORS

Amounts falling due within one year

8

41,841

51,975

NET CURRENT ASSETS

1,091,013

997,458

TOTAL ASSETS LESS CURRENT LIABILITIES

3,922,610

3,791,587

PROVISIONS FOR LIABILITIES

9

148,411

131,976

NET ASSETS

3,774,199

3,659,611

CAPITAL AND RESERVES

Called up share capital

230

200

Fair value reserve

10

775,487

657,076

Capital redemption reserve

300

300

Retained earnings

2,998,182

3,002,035

3,774,199

3,659,611

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

L C Bray - Director

1.	STATUTORY INFORMATION

L & A Bray Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fair value reserve

Whilst fair value gains on investment property are taken to the profit and loss account, they are not distributable as dividend to shareholders because the gain is unrealised. The company therefore adopts the policy of transferring the fair value adjustment net/inclusive of the deferred tax charge/credit to a separate account,'fair value reserve'.

Unrealised gains on investments are similarly transferred to the fair value reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

and 31 March 2025

4,092

977

9,406

14,475

DEPRECIATION

At 1 April 2024

4,004

777

7,565

12,346

Charge for year

22

50

460

532

At 31 March 2025

4,026

827

8,025

12,878

NET BOOK VALUE

At 31 March 2025

66

150

1,381

1,597

At 31 March 2024

88

200

1,841

2,129

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,792,000

Revaluations

38,000

At 31 March 2025

2,830,000

NET BOOK VALUE

At 31 March 2025

2,830,000

At 31 March 2024

2,792,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2023

792,098

Valuation in 2025

38,000

Cost

1,999,902

2,830,000

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,999,902

1,999,902

Investment property was valued on a fair value basis on 31 March 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

2,123

1,604

Prepayments and accrued income

450

480

Loans

89,810

-

92,383

2,084

7.	CURRENT ASSET INVESTMENTS

2025

2024

£

£

Listed investments

1,018,681

1,019,224

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

2,748

-

UK corporation tax

21,729

11,529

Tax and social security costs

630

-

Other creditors

-

5,201

Directors' current accounts

14,284

33,130

Accruals and deferred income

2,450

2,115

41,841

51,975

9.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

Accelerated capital allowances

399

(3,046

)

Capital gains on investment property

148,012

135,022

148,411

131,976

Deferred

tax

£

Balance at 1 April 2024

131,976

Charge to Income Statement during year

16,435

Balance at 31 March 2025

148,411

10.

RESERVES

Fair

value

reserve

£

At 1 April 2024

657,076

Transfer unrealised gain/loss on investments and property to fair value reserve

118,411

At 31 March 2025

775,487

The fair value reserve represents the unrealised gains on carrying investment property at fair value less the deferred tax provision thereon; being unrealised, such amounts are not available to be distributed as dividend to shareholders.

It also includes unrealised gains on listed investment portfolios.