Brackenwood Polo Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

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Balance Sheet

As At 30 April 2025

Balance Sheet

Registered number: 05492595

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		601,721		554,745
Investments			289,025		289,025

			890,746		843,770
CURRENT ASSETS
Stock		1,638,814		1,173,677
Debtors	5	14,057		57,903
Cash at bank and in hand		49,572		251,348

		1,702,443		1,482,928
Creditors: Amounts Falling Due Within One Year	6	(6,943,778 )		(6,377,902 )

NET CURRENT ASSETS (LIABILITIES)			(5,241,335 )		(4,894,974 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(4,350,589 )		(4,051,204 )

NET LIABILITIES			(4,350,589 )		(4,051,204 )

CAPITAL AND RESERVES
Called up share capital	7		3,891,876		3,891,876
Profit and Loss Account			(8,242,465 )		(7,943,080 )

SHAREHOLDERS' FUNDS			(4,350,589)		(4,051,204)

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Brackenwood Polo Limited

Balance Sheet (continued)

As At 30 April 2025

For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr David Judge

Director

20 April 2026

The notes on pages 4 to 6 form part of these financial statements.

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Brackenwood Polo Limited

Notes to the Financial Statements

For The Year Ended 30 April 2025

Notes to the Financial Statements

1. General Information

Brackenwood Polo Limited is a private company, limited by shares, incorporated in England & Wales, registered number 05492595 . The registered office is 25 St. Thomas Street, Winchester, Hampshire, SO23 9HJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

he financial statements are prepared in GBP which is the functional currency of Brackenwood Polo Limited (the 'Company'). The financial statements 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 and the requirements of the Companies Act 2006 as applied 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 principal accounting policies adopted are set out below.

2.2. Going Concern Disclosure

The financial statements have been prepared on a going concern basis, the validity of which is dependent on the continuing financial support of the ultimate parent company and shareholder. The directors and shareholder of the ultimate parent company have confirmed this support will continue on agreed commercial terms which should enable the company to trade for the foreseeable future and meet its financial commitments as they fall due.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	Period of the lease
Plant & Machinery	3 to 5 years

2.5. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

2.6. Stocks

Stocks in the balance sheet relate to horses and ponies owned by the company and are valued at the lower of cost and net realisable value.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 5)

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Brackenwood Polo Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

4. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Total
	£	£	£
Cost
As at 1 May 2024	2,006,550	475,205	2,481,755
Additions	113,203	4,483	117,686

As at 30 April 2025	2,119,753	479,688	2,599,441

Depreciation
As at 1 May 2024	1,571,553	355,457	1,927,010
Provided during the period	36,023	34,687	70,710

As at 30 April 2025	1,607,576	390,144	1,997,720

Net Book Value
As at 30 April 2025	512,177	89,544	601,721

As at 1 May 2024	434,997	119,748	554,745

5. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	-	825
Other debtors	14,057	57,078

	14,057	57,903

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	28,018	166,131
Other taxes and social security	-	2,589
Other creditors	6,824	7,232
Directors' loan accounts	70,392	142,588
Amounts owed to parent undertaking	833,766	-
Amounts owed to related parties	6,004,778	6,059,362

	6,943,778	6,377,902

7. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	3,891,876	3,891,876

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Brackenwood Polo Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 April 2025

8. Related Party Transactions

All transactions with related parties are made at normal market prices. Except for the transactions listed below, there have been no transactions with related parties who are not members of the group during the year ended 30 April 2025.

The company had intercompany transactions of £54,584 (2024: £1,531,305) with Curzon Resources Ltd during the year, a company under common control of the director Mr Nicholas Clarke, owing £6,004,778 (2024: £6,059,362) at the year-end.

The company had intercompany transactions of 314,519 (2024: £461,359) with Curzon Uranium Limited during the year, a company under common control of the director Mr Nicholas Clarke, being owed nil (2024: nill) at the year-end.

The company had transactions of £72,196 (2024: £142,588) with Mr Nicholas Clarke a director, during the year, owing £70,392 (2024: £142,588l) at year-end.

9. Ultimate Parent Undertaking and Controlling Party

The company's immediate and ultimate parent undertaking is Salkeld Limited . Salkeld Limited was incorporated in England. The ultimate controlling party is Mr Nicholas Clarke .

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Directors	Mr Nicholas Clarke
	Mr David Judge

Company Number	05492595

Registered Office	25 St. Thomas Street
	Winchester
	Hampshire
	SO23 9HJ

Business	Brackenwood
	Kings Drive
	Telegraph Hill
	West Sussex
	GU29 0BN

Bankers	Bank of Scotland plc
	The Mound
	Edinburgh
	EH1 1YZ

Solicitors	Mishcon de Reya
	Africa House
	70 Kingsway
	London
	WC2B 6AH