Brampton Leisure (Birmingham) Ltd - Accounts to registrar (filleted) - small 23.2.5

Brampton Leisure (Birmingham) Ltd - Accounts to registrar (filleted) - small 23.2.5

BRAMPTON LEISURE (BIRMINGHAM) LTD - Company Information

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REGISTERED NUMBER: 08406266 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

BRAMPTON LEISURE (BIRMINGHAM) LTD
BRAMPTON LEISURE (BIRMINGHAM) LTD (REGISTERED NUMBER: 08406266)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BRAMPTON LEISURE (BIRMINGHAM) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mrs M Schreiber





SECRETARY: Mrs R Niederman





REGISTERED OFFICE: 115 Craven Park Road
London
N15 6BL





REGISTERED NUMBER: 08406266 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL
Page 1
BRAMPTON LEISURE (BIRMINGHAM) LTD (REGISTERED NUMBER: 08406266)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Investment property 4 6,747,667 6,710,024

CURRENT ASSETS
Debtors 5 3,514,265 3,197,080
Cash at bank 95,494 484,856
3,609,759 3,681,936
CREDITORS
Amounts falling due within one year 6 (1,176,003 ) (1,187,197 )
NET CURRENT ASSETS 2,433,756 2,494,739
TOTAL ASSETS LESS CURRENT
LIABILITIES
9,181,423
9,204,763

CREDITORS
Amounts falling due after more than one
year
7
(3,303,125
)
(3,365,625
)
NET ASSETS 5,878,298 5,839,138

CAPITAL AND RESERVES
Called up share capital 8 10,000 10,000
Revaluation reserve 9 5,198,275 5,198,275
Retained earnings 9 670,023 630,863
SHAREHOLDERS' FUNDS 5,878,298 5,839,138

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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...
BRAMPTON LEISURE (BIRMINGHAM) LTD (REGISTERED NUMBER: 08406266)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2023


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 director and authorised for issue on 10 April 2024 and were signed by:





Mrs M Schreiber - Director


The notes form part of these financial statements

Page 3
BRAMPTON LEISURE (BIRMINGHAM) LTD (REGISTERED NUMBER: 08406266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Brampton Leisure (Birmingham) 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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 6,710,024
Additions 37,643
At 31 July 2023 6,747,667
NET BOOK VALUE
At 31 July 2023 6,747,667
At 31 July 2022 6,710,024

Page 4 continued...
BRAMPTON LEISURE (BIRMINGHAM) LTD (REGISTERED NUMBER: 08406266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2019 5,198,275
Cost 1,549,392
6,747,667

Investment property was valued on an open market basis on 15 August 2018 by Jones Lang LaSalle IP, Inc. .

The directors are of the opinion that there is no significant changes in the market value of the property.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 34,428 87,801
Other debtors 3,479,837 3,109,279
3,514,265 3,197,080

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 366,460 348,388
Taxation and social security 24,708 53,974
Other creditors 784,835 784,835
1,176,003 1,187,197

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 3,303,125 3,365,625

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 3,303,125 3,365,625

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
10,000 Ordinary £1 10,000 10,000

Page 5 continued...
BRAMPTON LEISURE (BIRMINGHAM) LTD (REGISTERED NUMBER: 08406266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 August 2022 630,863 5,198,275 5,829,138
Profit for the year 39,160 39,160
At 31 July 2023 670,023 5,198,275 5,868,298

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M Schreiber.

Page 6