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2018-08-31
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No description of principal activities is disclosed
2017-12-11
Sage Accounts Production 18.30 Update 1 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
11105085
2017-12-11
2018-08-31
11105085
2018-08-31
11105085
2017-12-10
11105085
bus:RegisteredOffice
2017-12-11
2018-08-31
11105085
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2017-12-11
2018-08-31
11105085
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2017-12-11
2018-08-31
11105085
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2017-12-11
2018-08-31
11105085
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2017-12-11
2018-08-31
11105085
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2017-12-11
2018-08-31
11105085
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core:OwnedOrFreeholdAssets
2017-12-10
11105085
core:LandBuildings
core:OwnedOrFreeholdAssets
2018-08-31
11105085
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2018-08-31
11105085
core:ShareCapital
2017-12-11
2018-08-31
11105085
core:HedgingReserve
2017-12-11
2018-08-31
11105085
core:RetainedEarningsAccumulatedLosses
2017-12-11
2018-08-31
11105085
core:ShareCapital
2018-08-31
11105085
core:HedgingReserve
2018-08-31
11105085
core:RetainedEarningsAccumulatedLosses
2018-08-31
11105085
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core:ShareCapital
2018-08-31
11105085
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2018-08-31
11105085
core:CostValuation
core:Non-currentFinancialInstruments
2018-08-31
11105085
core:Non-currentFinancialInstruments
2018-08-31
11105085
core:LandBuildings
core:OwnedOrFreeholdAssets
2017-12-11
2018-08-31
11105085
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2017-12-11
2018-08-31
11105085
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2018-08-31
11105085
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2018-08-31
11105085
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2017-12-11
2018-08-31
11105085
bus:PrivateLimitedCompanyLtd
2017-12-11
2018-08-31
11105085
core:InvestmentPropertiesRevaluationReserve
2018-08-31
11105085
core:Buildings
core:OwnedOrFreeholdAssets
2017-12-11
2018-08-31
11105085
core:AllSubsidiaries
2017-12-11
2018-08-31
11105085
core:AllSubsidiaries
core:OtherTransactionType1
2017-12-11
2018-08-31
Company registration number:
11105085
Bryland (Holdings) Limited
Unaudited filleted financial statements
for the period ended
31 August 2018
Prepared by:
THOMAS NOCK MARTIN LIMITED
CHARTERED ACCOUNTANTS
BRIERLEY HILL
Bryland (Holdings) Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Bryland (Holdings) Limited
Directors and other information
|
|
|
|
|
Directors
|
Graham Turner
|
(Appointed 11 December 2017)
|
|
|
Rowland Turner
|
(Appointed 11 December 2017)
|
|
|
Doreen Turner
|
(Appointed 11 December 2017)
|
|
|
|
|
|
|
|
|
|
Company number
|
11105085
|
|
|
|
|
|
|
|
|
|
|
Registered office
|
5 Hagley Court South
|
|
|
|
Level Street
|
|
|
|
Brierley Hill
|
|
|
|
West Midlands
|
|
|
|
DY5 1XE
|
|
|
|
|
|
|
|
|
|
|
Business address
|
Unit 5
|
|
|
|
Peartree Lane
|
|
|
|
Dudley
|
|
|
|
West Midlands
|
|
|
|
DY2 0QY
|
|
|
|
|
|
|
|
|
|
|
Accountants
|
Thomas Nock Martin Limited
|
|
|
|
5 Hagley Court South
|
|
|
|
The Waterfront
|
|
|
|
Brierley Hill
|
|
|
|
West Midlands
|
|
|
|
DY5 1XE
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Bankers
|
National Westminster Bank plc
|
|
|
2 Hagley Road
|
|
|
Halesowen
|
|
|
West Midlands
|
|
|
B63 4RQ
|
|
|
|
Bryland (Holdings) Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Bryland (Holdings) Limited
Period ended 31 August 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bryland (Holdings) Limited for the period ended 31 August 2018 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.
This report is made solely to the board of directors of Bryland (Holdings) Limited, as a body, in accordance with the terms of our engagement letter dated 22 August 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Bryland (Holdings) Limited and state those matters that we have agreed to state to the board of directors of Bryland (Holdings) Limited as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bryland (Holdings) Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Bryland (Holdings) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bryland (Holdings) Limited. You consider that Bryland (Holdings) Limited is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of Bryland (Holdings) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Thomas Nock Martin Limited
Chartered Accountants
5 Hagley Court South
The Waterfront
Brierley Hill
West Midlands
DY5 1XE
30 May 2019
Bryland (Holdings) Limited
Statement of financial position
31 August 2018
|
|
|
31/08/18
|
|
|
|
|
|
|
|
|
Note
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
5
|
319,000
|
|
|
|
|
|
|
Investments
|
|
6
|
645
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
319,645
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
7
|
884
|
|
|
|
|
|
|
Cash at bank and in hand
|
|
|
50
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
934
|
|
|
|
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
8
|
(
116,450)
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
Net current liabilities
|
|
|
|
|
(
115,516)
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
204,129
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Provisions for liabilities
|
|
|
|
|
(
9,000)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
Net assets
|
|
|
|
|
195,129
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
9
|
|
|
645
|
|
|
|
|
Investment property revaluation reserve
|
|
|
|
|
200,163
|
|
|
|
|
Profit and loss account
|
|
|
|
|
(
5,679)
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
Shareholders funds
|
|
|
|
|
195,129
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
For the period ending 31 August 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
30 May 2019
, and are signed on behalf of the board by:
Graham Turner
Director
Company registration number:
11105085
Bryland (Holdings) Limited
Statement of changes in equity
Period ended 31 August 2018
|
|
Called up share capital
|
|
Investment property revaluation
|
|
Profit and loss account
|
Total
|
|
|
|
|
£
|
|
£
|
|
£
|
£
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Profit for the period
|
|
-
|
|
-
|
|
194,484
|
194,484
|
|
|
|
|
|
|
|
|
|
|
|
|
Transfer to investment property revaluation
|
|
-
|
|
200,163
|
|
(200,163)
|
-
|
|
|
|
|
_______
|
|
_______
|
|
_______
|
_______
|
|
|
Total comprehensive income for the period
|
|
-
|
|
200,163
|
|
(
5,679)
|
194,484
|
|
|
|
|
|
|
|
|
|
|
|
|
Issue of shares
|
|
645
|
|
-
|
|
-
|
645
|
|
|
|
|
_______
|
|
_______
|
|
_______
|
_______
|
|
|
Total investments by and distributions to owners
|
|
645
|
|
-
|
|
-
|
645
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
_______
|
|
_______
|
_________
|
|
|
At 31 August 2018
|
|
645
|
|
200,163
|
|
(
5,679)
|
195,129
|
|
|
|
|
_______
|
|
_______
|
|
_______
|
_________
|
|
|
|
|
|
|
|
|
|
|
|
|
Bryland (Holdings) Limited
Notes to the financial statements
Period ended 31 August 2018
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 5 Hagley Court South, Level Street, Brierley Hill, West Midlands, DY5 1XE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
Investment properties
|
-
|
not depreciated
|
|
|
|
|
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and trade creditors, other debtors and creditors.Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
3
5.
Tangible assets
|
|
Freehold property
|
Total
|
|
|
|
|
|
|
|
£
|
£
|
|
|
|
|
|
|
Cost or valuation
|
|
|
|
|
|
|
|
|
Transfers
|
142,881
|
142,881
|
|
|
|
|
|
|
Revaluation
|
176,119
|
176,119
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
At 31 August 2018
|
319,000
|
319,000
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
Transfers
|
33,044
|
33,044
|
|
|
|
|
|
|
Revaluations
|
(
33,044)
|
(
33,044)
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
At 31 August 2018
|
-
|
-
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 31 August 2018
|
319,000
|
319,000
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment property
Included within the above is investment property as follows:
|
|
£
|
|
|
|
|
Transfers
|
109,837
|
|
Fair value adjustments
|
209,163
|
|
|
_______
|
|
At 31 August 2018
|
319,000
|
|
|
_______
|
|
|
|
The investment properties have been measured at fair value at £319,000 in the period. During the period there was a fair value gain movement of £200,163 to the profit and loss account for the year. This was determined by the directors by reference to reports produced by an independent, qualifed valuer who used current market prices for comparable properties, adjusted for differences in the nature, location and condition of the properties
.
6.
Investments
|
|
Shares in group undertakings and participating interests
|
Total
|
|
|
|
|
|
|
£
|
£
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
Additions
|
645
|
645
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
At 31 August 2018
|
645
|
645
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
Impairment
|
|
|
|
|
|
|
|
At 31 August 2018
|
-
|
-
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
At 31 August 2018
|
645
|
645
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
7.
Debtors
|
|
|
31/08/18
|
|
|
|
|
£
|
|
|
|
|
|
|
|
Other debtors
|
|
884
|
|
|
|
|
_______
|
|
|
|
|
|
|
8.
Creditors: amounts falling due within one year
|
|
|
31/08/18
|
|
|
|
|
£
|
|
|
|
|
|
|
|
Trade creditors
|
|
5,312
|
|
|
Amounts owed to group undertakings
|
|
109,887
|
|
|
Other creditors
|
|
1,251
|
|
|
|
|
_______
|
|
|
|
|
116,450
|
|
|
|
|
_______
|
|
|
|
|
|
|
Amounts owed to group undertakings are unsecured and repayable on demand.
9.
Called up share capital
Issued and called up
|
|
|
31/08/18
|
|
|
|
|
|
|
|
|
|
No
|
|
£
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Ordinary
shares of £
1.00 each
|
|
645
|
|
645
|
|
|
|
|
|
|
|
_______
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10.
Related party transactions
On 27 July 2018 a share for share exchange was approved and the shareholders transferred their shareholding in Bryland Fire Protection Limited in exchange for shares in
Bryland (Holdings) Limited
, the parent company.On 22 August 2018 Unit 3 Peartree Lane and Unit 5 Peartree Lane were transferred to
Bryland (Holdings) Limited
from Bryland Fire Protection Limited, a subsidiary of the parent company.