Brookdale Properties Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 00531510

Brookdale Properties Limited

Filleted Unaudited Financial Statements

31 March 2025

Brookdale Properties Limited

Statement of Financial Position

31 March 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		1,847,594	1,847,882

Current assets

Debtors	7	233,301	223,851
Cash at bank and in hand		6,759	5,204
		---------	---------
		240,060	229,055

Creditors: amounts falling due within one year	8	38,044		31,448
		---------		---------
Net current assets			202,016	197,607
			------------	------------
Total assets less current liabilities			2,049,610	2,045,489

Creditors: amounts falling due after more than one year	9		590,000	590,000

Provisions

Taxation including deferred tax	281,186	281,186
	------------	------------
Net assets	1,178,424	1,174,303
	------------	------------

Capital and reserves

Called up share capital	10	100	100
Profit and loss account		1,178,324	1,174,203
		------------	------------
Shareholders funds		1,178,424	1,174,303
		------------	------------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

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.

Directors' responsibilities:

- The 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 Act with respect to accounting records and the preparation of financial statements .

Brookdale Properties Limited

Statement of Financial Position (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 29 December 2025 , and are signed on behalf of the board by:

D Graham-Smith Director

Company registration number: 00531510

Brookdale Properties Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Counsells, Smithbrook Kilns, Cranleigh, Surrey, GU6 8JJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

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 or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents the net value of rents charged to tenants.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and 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 revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures & Fittings	-	10% reducing balance
Office Equipment	-	25% reducing balance

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 assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: Nil).

5. Tax on profit/(loss)

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	6,598	7,901

Deferred tax:

Origination and reversal of timing differences	–	67,485
	-------	--------
Tax on profit/(loss)	6,598	75,386
	-------	--------

6. Tangible assets

	Land and buildings	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 April 2024 and 31 March 2025	1,845,634	3,710	15,725	1,865,069
	------------	-------	--------	------------
Depreciation
At 1 April 2024	–	2,820	14,367	17,187
Charge for the year	–	182	106	288
	------------	-------	--------	------------
At 31 March 2025	–	3,002	14,473	17,475
	------------	-------	--------	------------
Carrying amount
At 31 March 2025	1,845,634	708	1,252	1,847,594
	------------	-------	--------	------------
At 31 March 2024	1,845,634	890	1,358	1,847,882
	------------	-------	--------	------------

7. Debtors

	2025	2024
	£	£
Other debtors	233,301	223,851
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Corporation tax	6,598	13,632
Other creditors	31,446	17,816
	--------	--------
	38,044	31,448
	--------	--------

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	590,000	590,000
	---------	---------

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. Related party transactions

The company was under the control of the directors throughout the current and previous year. Included in other debtors is an amount due from Whiteoaks Estates Limited of £53,928 (2024: £55,617). Included in other debtors is an amount due from Jado Properties Limited of £163,735 (2024: £162,735). Included in other creditors is an amount due to Chapel Street Guildford Limited of £15,612 (2024: £Nil). A L Smith, D Graham Smith and A J Graham-Smith are directors of the above companies.