Brooklands Business Estates Limited

Registered number

03016605

Unaudited Filleted Accounts

30 April 2025

Brooklands Business Estates Limited
Registered number:		03016605
Balance Sheet
as at 30 April 2025
						As restated
Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		49,247			58,456
Investments	4		21,350,771			20,031,049
			21,400,018			20,089,505

Current assets
Debtors	5	718,893			604,946
Cash at bank and in hand		31,491			18,323
		750,384			623,269

Creditors: amounts falling due within one year	6	(1,682,014)			(1,916,547)

Net current liabilities			(931,630)			(1,293,278)

Total assets less current liabilities			20,468,388			18,796,227


Provisions for liabilities			(2,950,584)			(2,664,058)


Net assets			17,517,804			16,132,169

Capital and reserves
Called up share capital			2			2
Fair value reserve			7,909,035			7,348,447
Profit and loss account			9,608,767			8,783,720

Shareholders' funds			17,517,804			16,132,169

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.




Mrs D A Barbor
Director
Approved by the board on 23 April 2026

Brooklands Business Estates 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:

	Plant and machinery			10% - 25% straight line

	Investments
	Investment properties 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.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					3		3


3	Tangible fixed assets
								Plant and machinery etc
£
	Cost
	At 1 May 2024							149,317
	Additions							1,450
	At 30 April 2025							150,767

	Depreciation
	At 1 May 2024							90,861
	Charge for the year							10,659
	At 30 April 2025							101,520

	Net book value
	At 30 April 2025							49,247
	At 30 April 2024							58,456


4	Investments

Other
investments
£
	Cost
	At 1 May 2024							20,031,049
	Additions							572,271
	Revaluation							747,451

	At 30 April 2025							21,350,771

	Historical cost
	At 1 May 2024							10,232,510
	At 30 April 2025							10,804,781

	The fair value of the investment properties have been determined by the directors on an open market basis. There has been no valuation of investment properties by an independent valuer.


5	Debtors					2025		2024
£							£

	Trade debtors					47,035		66,096
	Other debtors					671,858		538,850
						718,893		604,946


6	Creditors: amounts falling due within one year					2025		2024
£							£

	Trade creditors					113,271		281,693
	Taxation and social security costs					264,792		188,766
	Other creditors					1,303,951		1,446,088
						1,682,014		1,916,547


7	Contingent liabilities

	The company is currently defending an HMRC compliance check relating to alleged historic failures to deduct and account for CIS. The determination plus interest is estimated to be £173k and is subject to appeal. Based on the advice of tax consultants the directors believe that the claim is possible and have therefore not provided for any liability. The timing of any potential outflow is uncertain.


8	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 £483,543 and this has resulted in the reduction of net assets by £483,543 at 1 May 2023.


9	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr C E D Barbor
	Interest free loan repayable on demand	-		212		-		212

		-		212		-		212


10	Other information

	Brooklands Business Estates 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