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REGISTERED NUMBER: 09632795 (England and Wales)















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: P B G O'Dowd





REGISTERED OFFICE: Meryll House
57 Worcester Road
BROMSGROVE
Worcestershire
B61 7DN





REGISTERED NUMBER: 09632795 (England and Wales)





ACCOUNTANTS: Pinfields Limited
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 4 480 23,610
Investment property 5 3,354,819 3,302,521
3,355,299 3,326,131

CURRENT ASSETS
Debtors 6 72,027 66,200
Cash at bank 41 451
72,068 66,651
CREDITORS
Amounts falling due within one year 7 756,681 638,350
NET CURRENT LIABILITIES (684,613 ) (571,699 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,670,686

2,754,432

PROVISIONS FOR LIABILITIES 528,480 528,480
NET ASSETS 2,142,206 2,225,952

CAPITAL AND RESERVES
Called up share capital 100 100
Investment property
revaluation reserve 8 2,254,578 2,254,578
Retained earnings (112,472 ) (28,726 )
2,142,206 2,225,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2019 in accordance with Section 476 of the Companies Act 2006.

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


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 29 April 2020 and were
signed by:





P B G O'Dowd - Director


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 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 (£).


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
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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% 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.

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 3 (2018 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2018 26,949
Disposals (26,250 )
At 31 July 2019 699
DEPRECIATION
At 1 August 2018 3,339
Charge for year 161
Eliminated on disposal (3,281 )
At 31 July 2019 219
NET BOOK VALUE
At 31 July 2019 480
At 31 July 2018 23,610

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2018 3,302,521
Additions 52,298
At 31 July 2019 3,354,819
NET BOOK VALUE
At 31 July 2019 3,354,819
At 31 July 2018 3,302,521

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 72,027 66,200

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Trade creditors 322,323 322,323
Amounts owed to group undertakings 324,915 306,860
Taxation and social security 2,510 1,012
Other creditors 106,933 8,155
756,681 638,350

8. RESERVES
Investment
property
revaluation
reserve
£   
At 1 August 2018
and 31 July 2019 2,254,578

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.