Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-30 2025-06-30 2024-07-01 true false 2 2 true The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 01542939 2024-07-01 2025-06-30 01542939 2023-07-01 2024-06-30 01542939 2025-06-30 01542939 2024-06-30 01542939 2023-07-01 01542939 c:Director1 2024-07-01 2025-06-30 01542939 d:FreeholdInvestmentProperty 2025-06-30 01542939 d:FreeholdInvestmentProperty 2024-06-30 01542939 d:FreeholdInvestmentProperty 2 2024-07-01 2025-06-30 01542939 d:CurrentFinancialInstruments 2025-06-30 01542939 d:CurrentFinancialInstruments 2024-06-30 01542939 c:OrdinaryShareClass1 2024-07-01 2025-06-30 01542939 c:OrdinaryShareClass1 2025-06-30 01542939 c:OrdinaryShareClass1 2024-06-30 01542939 c:FRS102 2024-07-01 2025-06-30 01542939 c:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 01542939 c:FullAccounts 2024-07-01 2025-06-30 01542939 c:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 01542939 d:OtherDeferredTax 2025-06-30 01542939 d:OtherDeferredTax 2024-06-30 01542939 f:PoundSterling 2024-07-01 2025-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01542939 BRACEBROOK LIMITED UNAUDITED FINANCIAL STATEMENTS INFORMATION FOR FILING WITH THE REGISTRAR FOR THE YEAR ENDED 30 JUNE 2025
BRACEBROOK LIMITED CONTENTS
| Page
Balance Sheet | 1 - 2
Notes to the Financial Statements | 3 - 6
BRACEBROOK LIMITED REGISTERED NUMBER: 01542939 BALANCE SHEET AS AT 30 JUNE 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Investment property | 4 |  | 40,000 |  | 37,000
Current assets |  |  |  |  |
Debtors: amounts falling due within one year | 5 | 2,546 |  | 3,998 |
Cash at bank and in hand |  | 475 |  | 4,326 |
|  | 3,021 |  | 8,324 |
Creditors: amounts falling due within one year | 6 | (2,849) |  | (4,484) |
Net current assets |  |  | 172 |  | 3,840
Total assets less current liabilities |  |  | 40,172 |  | 40,840
Provisions for liabilities |  |  |  |  |
Deferred tax | 7 |  | (8,424) |  | (7,674)
Net assets |  |  | 31,748 |  | 33,166
Capital and reserves |  |  |  |  |
Called up share capital | 8 |  | 100 |  | 100
Fair value reserve |  |  | 24,809 |  | 27,059
Profit and loss account |  |  | 6,839 |  | 6,007
|  |  | 31,748 |  | 33,166
Page 1
BRACEBROOK LIMITED REGISTERED NUMBER: 01542939 BALANCE SHEET (CONTINUED) AS AT 30 JUNE 2025 The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities. The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime. The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
F B Phillips
Director
Date: 8 July 2026
The notes on pages 3 to 6 form part of these financial statements. Page 2
BRACEBROOK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
1. | GENERAL INFORMATION
Bracebrook Limited is a private company, limited by shares, and incorporated in England and Wales. The address of its registered office is 3rd Floor, 24 Old Bond Street, London, W1S 4BH. The functional and presentational currency of the company is pound sterling (£). 2.ACCOUNTING POLICIES
| 2.1 | BASIS OF PREPARATION OF FINANCIAL STATEMENTS
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | REVENUE
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
| 2.3 | INVESTMENT PROPERTY
Investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Statement of Income and Retained Earnings.
| 2.4 | DEBTORS
Short-term debtors are measured at transaction price, less any impairment.
| 2.5 | CASH AND CASH EQUIVALENTS
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value. Page 3
BRACEBROOK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025 2.ACCOUNTING POLICIES (CONTINUED)
| 2.6 | FINANCIAL INSTRUMENTS
The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments. Other financial instruments Derivatives, including forward exchange contracts, futures contracts and interest rate swaps, are not classified as basic financial instruments. These are initially recognised at fair value on the date the derivative contract is entered into, with costs being charged to the profit or loss. They are subsequently measured at fair value with changes in the profit or loss. Debt instruments that do not meet the conditions as set out in FRS 102 paragraph 11.9 are subsequently measured at fair value through the profit or loss. This recognition and measurement would also apply to financial instruments where the performance is evaluated on a fair value basis as with a documented risk management or investment strategy.
| 2.7 | CREDITORS
Short-term creditors are measured at the transaction price.
| 2.8 | CURRENT AND DEFERRED TAXATION
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3. | EMPLOYEES
| The average monthly number of employees, including directors, during the year was 2 (2024 - 2).
Page 4
BRACEBROOK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
4. | INVESTMENT PROPERTY
|  | Freehold investment property
|  | £
| Valuation |
| At 1 July 2024 | 37,000
| Surplus on revaluation | 3,000
| At 30 June 2025 | 40,000
The 2025 valuations were made by the directors, on a fair value for existing use basis. The historical cost of the freehold investment property at the balance sheet date amounted to £2,267 (2024 - £2,267).
5. | DEBTORS
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Prepayments and accrued income | 2,546 | 3,998
6. | CREDITORS: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Trade creditors | - | 2,299
| Other creditors | 205 | 205
| Accruals and deferred income | 2,644 | 1,980
|  | 2,849 | 4,484
Page 5
BRACEBROOK LIMITED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
7. | DEFERRED TAXATION
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (7,674) | (7,674)
| Charged to profit or loss | (750) | -
| At end of year | (8,424) | (7,674)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Fair value gains on investment property | (8,424) | (7,674)
8. | SHARE CAPITAL
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
|  | Allotted, called up and fully paid |  |
|  | 100 (2024 - 100) Ordinary shares of £1 each | 100 | 100
9. | RELATED PARTY TRANSACTIONS
| At the balance sheet date the amount owed to the directors was £205 (2024 - £205).
Page 6