BRACKS LIMITED

	Page
Abridged Balance Sheet	1—2
Notes to the Abridged Financial Statements	3—4

Registered number: 02857477

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		386		650
Investments	5		560,247		584,860

			560,633		585,510
CURRENT ASSETS
Cash at bank and in hand		112,166		21,768

		112,166		21,768
Creditors: Amounts Falling Due Within One Year		(398,214 )		(389,287 )

NET CURRENT ASSETS (LIABILITIES)			(286,048 )		(367,519 )

TOTAL ASSETS LESS CURRENT LIABILITIES			274,585		217,991

Creditors: Amounts Falling Due After More Than One Year			(125,000 )		(125,000 )

NET ASSETS			149,585		92,991

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			149,485		92,891

SHAREHOLDERS' FUNDS			149,585		92,991

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BRACKS LIMITED

Abridged Balance Sheet (continued)

As At 31 December 2025

For the year ending 31 December 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.

All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2025 in accordance with section 444(2A) of the Companies Act 2006.

On behalf of the board

Mr R K SOUTHGATE

Director

21 August 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

BRACKS LIMITED Registered number 02857477 is a limited by shares company incorporated in England & Wales. The Registered Office is 3 LANSDOWN PARK, BATH, BA1 5TG.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. 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:

Plant & Machinery

25% per annum.

3. Average Number of Employees

Average number of employees, including directors, during the year was as follows: 2

	2025	2024
Office and administration	2	2

	2	2

4. Tangible Assets

	Total
	£
Cost
As at 1 January 2025	5,636

As at 31 December 2025	5,636

Depreciation
As at 1 January 2025	4,986
Provided during the period	264

As at 31 December 2025	5,250

Net Book Value
As at 31 December 2025	386

As at 1 January 2025	650

5. Investments

	Total
	£
Cost
As at 1 January 2025	584,860
Additions	304,531
Disposals	(329,144 )

As at 31 December 2025	560,247

...CONTINUED

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BRACKS LIMITED

Notes to the Abridged Financial Statements (continued)

For The Year Ended 31 December 2025

Provision
As at 1 January 2025	-

As at 31 December 2025	-

Net Book Value
As at 31 December 2025	560,247

As at 1 January 2025	584,860

The market value of the listed investments at 31 December 2025 was 663,484 (2024: £764,778). During the year listed investments at a market value of £418,078 were sold (2024: £80,626) resulting a capital gain of £88,934 (2024: £46,053).

6. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

7. Related Party Transactions

During the year the Company recorded transactions with the following parties:

Party: S M Southgate

Relationship: Director / shareholder

Details: The balance of a non-interest-bearing personal loan to the Company to be used for investment purposes at 31 December 2025 was £506,743 (2024: £506,743).

The loan is unsecured and is repayable on demand except for the sum of £125,000, which is repayable on or after 1st January 2027.

Party: Mr & Mrs Southgate

Relationship: Directors / shareholders

Details: During the year the Company made a charitable donation of £20,000 (2024: £6,000) to The XCZ Trust CIO (Registered charity E&W No. 1210128) where Mr & Mrs Southgate are founding trustees.

8. Controlling Party

The Company's controlling party is MR ROGER SOUTHGATE by virtue of his ownership of 60% of the issued share capital in the Company.

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