Brandlesholme (Retailers) Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 01764029 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Brandlesholme (Retailers) Ltd

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Williams

Mrs C Williams

Mrs. S L Bibby

SECRETARY:

Mayes Business Partnership Ltd

REGISTERED OFFICE:

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

REGISTERED NUMBER:

01764029 (England and Wales)

ACCOUNTANTS:

Mayes Business Partnership Ltd

Chartered Certified Accountants

22-28 Willow Street

Accrington

Lancashire

BB5 1LP

FIXED ASSETS

Tangible assets

4

818

961

Investment property

5

950,000

198,969

950,818

199,930

CURRENT ASSETS

Debtors

2,380

2,170

Investments

185,000

185,000

Cash at bank

64,552

39,406

251,932

226,576

CREDITORS

Amounts falling due within one year

16,218

18,390

NET CURRENT ASSETS

235,714

208,186

TOTAL ASSETS LESS CURRENT LIABILITIES

1,186,532

408,116

PROVISIONS FOR LIABILITIES

142,696

-

NET ASSETS

1,043,836

408,116

CAPITAL AND RESERVES

Called up share capital

126,600

126,600

Retained earnings

917,236

281,516

SHAREHOLDERS' FUNDS

1,043,836

408,116

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 5 June 2023 and were signed on its behalf by:

J Williams - Director

1.	STATUTORY INFORMATION

Brandlesholme (Retailers) Ltd 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 as modified by the revaluation of certain assets.

Turnover

Income is recognised when rent becomes payable to the company.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2022

and 31 March 2023

2,770

DEPRECIATION

At 1 April 2022

1,809

Charge for year

143

At 31 March 2023

1,952

NET BOOK VALUE

At 31 March 2023

818

At 31 March 2022

961

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

201,386

Revaluations

748,614

At 31 March 2023

950,000

DEPRECIATION

At 1 April 2022

2,417

Revaluation adjustments

(2,417

)

At 31 March 2023

-

NET BOOK VALUE

At 31 March 2023

950,000

At 31 March 2022

198,969

Fair value at 31 March 2023 is represented by:

£

Valuation in 2023

748,614

Cost

201,386

950,000

In the opinion of the directors the open market value of the investment property is £950,00 as at 31 March 2023.

6.	CONTROLLING INTEREST

The company is under the control of Brandlesholme (Retailers) Pty Limited, as it owns 100% of the issued share capital.