Bryn Coch Limited - Accounts to registrar (filleted) - small 18.2
Bryn Coch Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 July 2019 |
| for |
| Bryn Coch Limited |
| Bryn Coch Limited (Registered number: 09632795) |
| Contents of the Financial Statements |
| for the year ended 31 July 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Bryn Coch Limited |
| Company Information |
| for the year ended 31 July 2019 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Meryll House |
| 57 Worcester Road |
| Bromsgrove |
| Worcestershire |
| B61 7DN |
| Bryn Coch Limited (Registered number: 09632795) |
| Balance Sheet |
| 31 July 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Investment property |
| revaluation reserve | 8 |
| Retained earnings | ( |
) | ( |
) |
| The director acknowledges his 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. |
| Bryn Coch Limited (Registered number: 09632795) |
| Balance Sheet - continued |
| 31 July 2019 |
| 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 signed by: |
| Bryn Coch Limited (Registered number: 09632795) |
| Notes to the Financial Statements |
| for the year ended 31 July 2019 |
| 1. | STATUTORY INFORMATION |
| Bryn Coch Limited is a |
| 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 (£). |
| The accounting period of the company was extended so that the period matches that of its parent |
| company. The comparative period is 16 months long. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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 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. |
| Bryn Coch Limited (Registered number: 09632795) |
| Notes to the Financial Statements - continued |
| for the year ended 31 July 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Pension costs and other post-retirement benefits |
| The company operates a defined contribution pension scheme. Contributions payable to the |
| company's pension scheme are charged to profit or loss in the period to which they relate. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 August 2018 |
| Disposals | ( |
) |
| At 31 July 2019 |
| DEPRECIATION |
| At 1 August 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) |
| At 31 July 2019 |
| NET BOOK VALUE |
| At 31 July 2019 |
| At 31 July 2018 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 August 2018 |
| Additions |
| At 31 July 2019 |
| NET BOOK VALUE |
| At 31 July 2019 |
| At 31 July 2018 |
| Bryn Coch Limited (Registered number: 09632795) |
| Notes to the Financial Statements - continued |
| for the year ended 31 July 2019 |
| 5. | INVESTMENT PROPERTY - continued |
| Fair value at 31 July 2019 is represented by: |
| £ |
| Valuation in 2018 | 2,783,058 |
| Cost | 571,761 |
| 3,354,819 |
| If the property had not been revalued it would have been included at the following historical cost: |
| 2019 | 2018 |
| £ | £ |
| Cost | 571,761 | 519,463 |
| The property was valued on Existing Market Value basis on 31 July 2019 by the director . |
| The director considers his valuation is appropriate having considered a professional valuation of |
| £3,000,000 performed by a qualified RICS registered valuer on 19th April 2018 for the purposes of |
| bank security. Since this date costs of £354,819 have been spent on the site. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 8. | RESERVES |
| Investment |
| property |
| revaluation |
| reserve |
| £ |
| At 1 August 2018 |
| and 31 July 2019 |
| Bryn Coch Limited (Registered number: 09632795) |
| Notes to the Financial Statements - continued |
| for the year ended 31 July 2019 |
| 9. | OTHER FINANCIAL COMMITMENTS |
| The company has entered into a fixed and floating charge dated 18/06/2018, over all assets of the |
| company in favour of Cambridge & Counties Bank Limited in respect of the amounts owed by |
| Maybrook Investments Limited. |
| At the balance sheet date the amount owed by Maybrook Investments Limited to Cambridge & |
| Counties Bank Limited was £4,800,000 |
| 10. | ULTIMATE CONTROLLING PARTY |
| The controlling party is Maybrook Investments Limited. |
| Registered office Meryll House, 57 Worcester Road, Bromsgrove, Worcestershire, B61 7DN. |
| 11. | GOING CONCERN |
| The directors have considered the period ending 12 months after approving these financial statements. |
| The parent company is prepared to fully support the company financially. Therefore the director has |
| continued to adopt the going concern basis of accounting in preparing these financial statements. |