REGISTERED NUMBER: 05992123 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 August 2025

for

Brookfield Garage Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

P N Coles

REGISTERED OFFICE:

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

REGISTERED NUMBER:

05992123 (England and Wales)

ACCOUNTANTS:

Wormald & Partners

Chartered Accountants (ICAEW)

Brunel House

11 The Promenade

Clifton Down

Bristol

BS8 3NG

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

38,826

42,684

Investments

6

70,100

70,100

108,926

112,784

CURRENT ASSETS

Stocks

30,437

29,868

Debtors

7

191,542

154,503

Cash at bank and in hand

10,288

17,334

232,267

201,705

CREDITORS

Amounts falling due within one year

8

334,206

260,792

NET CURRENT LIABILITIES

(101,939

)

(59,087

)

TOTAL ASSETS LESS CURRENT LIABILITIES

6,987

53,697

CREDITORS

Amounts falling due after more than one year

9

-

(36,703

)

PROVISIONS FOR LIABILITIES

(6,566

)

(9,537

)

NET ASSETS

421

7,457

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

419

7,455

SHAREHOLDERS' FUNDS

421

7,457

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 May 2026 and were signed by:

P N Coles - Director

1.	STATUTORY INFORMATION

Brookfield Garage Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

15% on reducing balance basis

Fixtures and fittings

-

15% on reducing balance basis

Motor vehicles

-

25% on reducing balance basis

Computer equipment

-

33.33% on straight line basis

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 14 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

100,000

AMORTISATION

At 1 September 2024

and 31 August 2025

100,000

NET BOOK VALUE

At 31 August 2025

-

At 31 August 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Long

Plant and

and

leasehold

machinery

fittings

£

£

£

COST

At 1 September 2024

12,137

127,655

35,790

Additions

-

5,032

-

At 31 August 2025

12,137

132,687

35,790

DEPRECIATION

At 1 September 2024

12,137

106,556

23,930

Charge for year

-

3,921

1,784

At 31 August 2025

12,137

110,477

25,714

NET BOOK VALUE

At 31 August 2025

-

22,210

10,076

At 31 August 2024

-

21,099

11,860

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

25,898

36,425

237,905

Additions

-

167

5,199

At 31 August 2025

25,898

36,592

243,104

DEPRECIATION

At 1 September 2024

17,970

34,628

195,221

Charge for year

1,983

1,369

9,057

At 31 August 2025

19,953

35,997

204,278

NET BOOK VALUE

At 31 August 2025

5,945

595

38,826

At 31 August 2024

7,928

1,797

42,684

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1 September 2024

and 31 August 2025

6,199

DEPRECIATION

At 1 September 2024

3,584

Charge for year

654

At 31 August 2025

4,238

NET BOOK VALUE

At 31 August 2025

1,961

At 31 August 2024

2,615

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

and 31 August 2025

70,100

NET BOOK VALUE

At 31 August 2025

70,100

At 31 August 2024

70,100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,795

7,039

Amounts owed by group undertakings

13,622

1,923

Other debtors

132,850

132,850

Directors' loan accounts

20,172

-

Prepayments

23,103

12,691

191,542

154,503

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

27,414

22,119

Other loans

62,459

76,179

Hire purchase contracts

749

1,124

Trade creditors

82,591

48,573

Amounts owed to group undertakings

51,576

6,170

Tax

6,272

14,462

Social security and other taxes

89,246

75,557

Other creditors

1,157

1,113

Directors' loan accounts

-

954

Accrued expenses

12,742

14,541

334,206

260,792

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-5 years

-

8,257

Other loans - 1-2 years

-

27,697

Hire purchase contracts

-

749

-

36,703

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

19,403

12,119

Bank loans

8,011

18,257

Other loans

62,459

103,876

Hire purchase contracts

749

1,873

90,622

136,125

11.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

P N Coles

Balance outstanding at start of year

-

-

Amounts advanced

20,712

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

20,712

-

During the year the company paid rent in the sum of £Nil (2024 £8,400) for premises owned by the pension scheme of P N Coles, the director of the company.

Included within other debtors is an amount due of £130,000 (2024 £130,000) from PTHA Properties, a partnership in which P N Coles is an equity partner.

The amount was repaid in full in the forthcoming accounting period.

12.	ULTIMATE CONTROLLING PARTY

The controlling party is P N Coles.

The ultimate controlling party is P N Coles.