Brander-Gleghorn Holdings Limited - Accounts to registrar (filleted) - small 18.2

Brander-Gleghorn Holdings Limited - Accounts to registrar (filleted) - small 18.2

BRANDER-GLEGHORN HOLDINGS LIMITED - Company Information

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REGISTERED NUMBER: 10922896 (England and Wales)







UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2020

FOR

BRANDER-GLEGHORN HOLDINGS LIMITED
Prime
Chartered Accountants
No. 3 Caroline Court
13 Caroline Street
St Paul's Square
Birmingham
B3 1TR








BRANDER-GLEGHORN HOLDINGS LIMITED (REGISTERED NUMBER: 10922896)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRANDER-GLEGHORN HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2020







DIRECTORS: Mrs C L Brander
S J Gleghorn





REGISTERED OFFICE: 13 Caroline Street
St. Paul's Square
Birmingham
B3 1TR





REGISTERED NUMBER: 10922896 (England and Wales)





ACCOUNTANTS: Prime
Chartered Accountants
No. 3 Caroline Court
13 Caroline Street
St Paul's Square
Birmingham
B3 1TR
Page 1
BRANDER-GLEGHORN HOLDINGS LIMITED (REGISTERED NUMBER: 10922896)

BALANCE SHEET
31 DECEMBER 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Investments 4 4,005,040 4,005,040

CURRENT ASSETS
Cash at bank 464 9,424

CREDITORS
Amounts falling due within one year 5 2,432,918 2,687,452
NET CURRENT LIABILITIES (2,432,454 ) (2,678,028 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,572,586
1,327,012

CAPITAL AND RESERVES
Called up share capital 6 804,536 804,788
Capital redemption reserve 7 252 -
Retained earnings 7 767,798 522,224
1,572,586 1,327,012

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 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 27 September 2021 and were signed on its behalf by:





Mrs C L Brander - Director


The notes form part of these financial statements

Page 2
BRANDER-GLEGHORN HOLDINGS LIMITED (REGISTERED NUMBER: 10922896)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2020


1. STATUTORY INFORMATION

Brander-Gleghorn Holdings 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 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.

Preparation of consolidated financial statements
The financial statements contain information about Brander-Gleghorn Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

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BRANDER-GLEGHORN HOLDINGS LIMITED (REGISTERED NUMBER: 10922896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020


2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

For financial assets carried at amortised costs, the amount of an impairment is the difference between the asset's carrying amount and the present value of estimated future cash flows, discounted at the financial asset's original effective interest rate.

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were to be sold at the reporting date.

Where indicators exist for the decrease in impairment loss, and the decrease can be related objectively to an event occuring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had no impairment been recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2020
and 31 December 2020 4,005,040
NET BOOK VALUE
At 31 December 2020 4,005,040
At 31 December 2019 4,005,040

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Amounts owed to group undertakings 938,700 962,611
Other creditors 1,494,218 1,724,841
2,432,918 2,687,452

6. CALLED UP SHARE CAPITAL

During the period the company purchased back 252 of their C Ordinary £1 shares at par.

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BRANDER-GLEGHORN HOLDINGS LIMITED (REGISTERED NUMBER: 10922896)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2020


7. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2020 522,224 - 522,224
Profit for the year 247,679 - 247,679
Purchase of own shares (2,105 ) 252 (1,853 )
At 31 December 2020 767,798 252 768,050

8. RELATED PARTY DISCLOSURES

At the period end the company owed Mrs C L Brander £770,537 and S J Gleghorn £721,431, both directors and significant shareholders (2019 £862,421 each). There is no interest accruing on these amounts nor are there any set periods in place for repayment.

9. POST BALANCE SHEET EVENTS

The economy continues to be affected by the Covid-19 pandemic. The directors have considered the impact of this to the business and are satisfied that at the time of approval of the financial statements the company has sufficient resources to be able to continue trading for the foreseeable future.

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