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The Brace Place Holdings Ltd
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Notes to the financial statements
Period ended 30 June 2025
The Brace Place Holdings Ltd ("the company") is a private company limited by shares, incorporated
in the United Kingdom and registered in England. The address of the registered office is 2 Albert
Road, Cross Hills, Keighley, BD20 7LE.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared in accordance with Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom
and the Republic of Ireland' (FRS 102) and the Companies Act 2006.
The director believes that the company will be able to continue to trade within its working capital
facilities for the foreseeable future and with the continued support of the directors and shareholders.
They choose to prepare the accounts on a going concern basis.
The turnover shown in the profit and loss account represents rental income receivable during the
period
Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
All borrowing costs are recognised in profit or loss in the period in which they are incurred.
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, 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.
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 comprehensive income 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.
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