| Brooklands Property Holdings Limited |
| Registered number: |
00583219 |
| Balance Sheet |
| as at 30 April 2025 |
|
|
|
|
|
|
|
As restated |
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
109,718 |
|
|
22,971 |
| Investments |
4 |
|
|
9,523,177 |
|
|
9,449,865 |
|
|
|
|
9,632,895 |
|
|
9,472,836 |
|
| Current assets |
| Debtors |
5 |
|
2,636,730 |
|
|
2,249,424 |
| Cash at bank and in hand |
|
|
22,429 |
|
|
8,529 |
|
|
|
2,659,159 |
|
|
2,257,953 |
|
| Creditors: amounts falling due within one year |
6 |
|
(1,288,911) |
|
|
(730,065) |
|
| Net current assets |
|
|
|
1,370,248 |
|
|
1,527,888 |
|
| Total assets less current liabilities |
|
|
|
11,003,143 |
|
|
11,000,724 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(87,313) |
|
|
(600,000) |
|
| Provisions for liabilities |
|
|
|
(1,192,975) |
|
|
(1,081,131) |
|
|
| Net assets |
|
|
|
9,722,855 |
|
|
9,319,593 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
46,694 |
|
|
46,694 |
| Fair value reserve |
|
|
|
3,573,127 |
|
|
3,228,363 |
| Profit and loss account |
|
|
|
6,103,034 |
|
|
6,044,536 |
|
| Shareholders' funds |
|
|
|
9,722,855 |
|
|
9,319,593 |
|
|
|
|
|
|
|
|
| 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. |
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|
|
|
| Mr P D Barbor |
| Director |
| Approved by the board on 23 April 2026 |
|
| Brooklands Property Holdings Limited |
| Notes to the Accounts |
| for the year ended 30 April 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 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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Motor vehicles |
25 - 33% straight line |
|
Plant and machinery |
10 - 33% straight line |
|
Fixtures and fittings |
10 - 33% straight line |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
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. |
|
|
Leased assets |
|
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
9 |
|
9 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 May 2024 |
31,231 |
|
39,917 |
|
71,148 |
|
Additions |
2,355 |
|
124,370 |
|
126,725 |
|
At 30 April 2025 |
33,586 |
|
164,287 |
|
197,873 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2024 |
28,210 |
|
19,967 |
|
48,177 |
|
Charge for the year |
2,235 |
|
37,743 |
|
39,978 |
|
At 30 April 2025 |
30,445 |
|
57,710 |
|
88,155 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2025 |
3,141 |
|
106,577 |
|
109,718 |
|
At 30 April 2024 |
3,021 |
|
19,950 |
|
22,971 |
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
Investment |
| undertakings |
properties |
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 May 2024 |
82,516 |
|
9,367,349 |
|
9,449,865 |
|
Revaluation |
- |
|
405,809 |
|
405,809 |
|
Disposals |
- |
|
(332,497) |
|
(332,497) |
|
|
At 30 April 2025 |
82,516 |
|
9,440,661 |
|
9,523,177 |
|
|
|
|
|
|
|
|
|
|
Historical cost |
|
At 1 May 2024 |
82,516 |
|
5,062,867 |
|
At 30 April 2025 |
82,516 |
|
4,676,492 |
|
|
|
|
|
|
|
|
The fair value of the investment properties has been determined by the directors on an open market basis. There has been no valuation of investment property by an independent valuer. |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
30,380 |
|
28,584 |
|
Other debtors |
2,606,350 |
|
2,220,840 |
|
|
|
|
|
|
2,636,730 |
|
2,249,424 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
600,000 |
|
- |
|
Obligations under finance lease and hire purchase contracts |
7,615 |
|
- |
|
Trade creditors |
78,094 |
|
70,162 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
237,500 |
|
237,500 |
|
Taxation and social security costs |
202,780 |
|
237,322 |
|
Other creditors |
162,922 |
|
185,081 |
|
|
|
|
|
|
1,288,911 |
|
730,065 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
- |
|
600,000 |
|
Obligations under finance lease and hire purchase contracts |
87,313 |
|
- |
|
|
|
|
|
|
87,313 |
|
600,000 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Loans |
2025 |
|
2024 |
| £ |
£ |
|
Creditors include: |
|
|
Secured bank loans |
600,000 |
|
600,000 |
|
|
|
|
|
|
|
|
|
|
The bank loan is secured on the freehold property at 177 Hallgate and land lying to the north of Clough Road |
|
|
| 9 |
Prior year adjustment |
|
|
The comparatives for 2024 have been restated due to the understatement of deferred tax arising on the revaluation of investment properties at 30 April 2023. The total understatement was £534,521 and this has resulted in the reduction of net assets by £534,521 at 1 May 2023. |
|
|
| 10 |
Other financial commitments |
2025 |
|
2024 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
59,364 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 11 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
Mr P D Barbor |
|
Interest free and repayable on demand |
38,994 |
|
94,857 |
|
- |
|
133,851 |
|
|
Mrs D A Barbor |
|
Interest free and repayable on demand |
38,994 |
|
94,857 |
|
- |
|
133,851 |
|
|
Mr C E D Barbor |
|
Interest free and repayable on demand |
58,626 |
|
16,447 |
|
(70,305) |
|
4,768 |
|
|
|
136,614 |
|
206,161 |
|
(70,305) |
|
272,470 |
|
|
|
|
|
|
|
|
|
|
| 12 |
Related party transactions |
|
|
During the year the company paid compensation of £98,809 to key management personnel. |
|
|
| 13 |
Other information |
|
|
Brooklands Property Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Stable Court |
|
Hesslewood Hall |
|
Ferriby Road |
|
Hessle |
|
HU13 0LH |