Braybrook Investments Limited - Accounts to registrar (filleted) - small 18.2

Braybrook Investments Limited - Accounts to registrar (filleted) - small 18.2

BRAYBROOK INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 03124729 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

BRAYBROOK INVESTMENTS LIMITED
Davey Grover Limited
Chartered Accountants
Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP








BRAYBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 03124729)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BRAYBROOK INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







DIRECTORS: Mr M P Braybrook
Miss L A Braybrook
Mr K J Braybrook





SECRETARY: Miss L A Braybrook





REGISTERED OFFICE: 4 Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP





REGISTERED NUMBER: 03124729 (England and Wales)





ACCOUNTANTS: Davey Grover Limited
Chartered Accountants
Fenice Court
Phoenix Business Park
Eaton Socon
St. Neots
Cambridgeshire
PE19 8EP
Page 1
BRAYBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 03124729)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,003,003 4,003,003

CURRENT ASSETS
Debtors 5 19,342 18,092
Cash at bank 70,866 52,903
90,208 70,995
CREDITORS
Amounts falling due within one year 6 652,167 679,176
NET CURRENT LIABILITIES (561,959 ) (608,181 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
3,441,044
3,394,822

CREDITORS
Amounts falling due after more than one
year
7
(244,131
)
(265,570
)

PROVISIONS FOR LIABILITIES (285,664 ) (285,664 )
NET ASSETS 2,911,249 2,843,588

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,911,149 2,843,488
SHAREHOLDERS' FUNDS 2,911,249 2,843,588

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
BRAYBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 03124729)

STATEMENT OF FINANCIAL POSITION - continued
31 DECEMBER 2019


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 Board of Directors and authorised for issue on 24 July 2020 and were
signed on its behalf by:





Mr M P Braybrook - Director


The notes form part of these financial statements

Page 3
BRAYBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 03124729)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019

1. STATUTORY INFORMATION

Braybrook Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

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

The principal accounting policies adopted in these financial statements have remained unchanged from the
previous year, and have there been consistently applied.

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

Revenue is recognised to the extent that it is probable that the economic benefit will flow to the Company and
the revenue can be reliably measured. The following criteria must also be met before revenue is recognised:

Rent Income
Revenue is recognised for the period that the rental relates to.

Recharging of services
Revenue is recognised for the period in which the services relate to.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated
impairment losses. Repairs and maintenance of assets are charged to the income statement during the period in
which they are incurred.

Depreciation is charged so as to allocate the cost or valuation of assets less their residual value, over their
estimated useful lives on the following basis:

Plant and machinery - 10% straight line.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if
appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are
recognised in the income statement.

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 statement of financial position date.


Page 4 continued...
BRAYBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 03124729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the
statement of financial position 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.

Investment properties
Investment properties are revalued by the directors' and the aggregate surplus or deficit is transferred to
retained earnings.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2019
and 31 December 2019 4,003,000 9,517 4,012,517
DEPRECIATION
At 1 January 2019
and 31 December 2019 - 9,514 9,514
NET BOOK VALUE
At 31 December 2019 4,003,000 3 4,003,003
At 31 December 2018 4,003,000 3 4,003,003

Cost or valuation at 31 December 2019 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2006 305,772 - 305,772
Valuation in 2016 1,043,221 - 1,043,221
Valuation in 2017 773,500 - 773,500
Cost 1,880,507 9,517 1,890,024
4,003,000 9,517 4,012,517

Page 5 continued...
BRAYBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 03124729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical
cost:

2019 2018
£    £   
Cost 1,880,507 1,880,507

Value of land in freehold land and buildings 137,000 137,000

Freehold land and buildings were valued on an open market basis on 31 December 2019 by the Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade debtors 13,681 15,274
Other debtors 5,661 2,818
19,342 18,092

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 21,922 21,923
Trade creditors 15,131 15,229
Taxation and social security 26,423 24,776
Other creditors 588,691 617,248
652,167 679,176

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans 244,131 265,570

Amounts falling due in more than five years:

Repayable by instalments
Bank loan over 5 years 149,545 170,977

8. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank loans 266,053 287,493

Page 6 continued...
BRAYBROOK INVESTMENTS LIMITED (REGISTERED NUMBER: 03124729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

9. RELATED PARTY DISCLOSURES

Included within creditors due within one year at 31 December 2019 are the following directors loans provided
to the company:

Mr M.P. Braybrook £209,953.
Miss L.A. Braybrook £199,003.
Mr K.J. Braybrook £173,552.

Page 7