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REGISTERED NUMBER: 09632795 (England and Wales)















Financial Statements

for the Period 31 March 2017 to 31 July 2018

for

Bryn Coch Limited

Bryn Coch Limited (Registered number: 09632795)






Contents of the Financial Statements
for the period 31 March 2017 to 31 July 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Bryn Coch Limited

Company Information
for the period 31 March 2017 to 31 July 2018







DIRECTOR: P B G O'Dowd



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



REGISTERED NUMBER: 09632795 (England and Wales)



SENIOR STATUTORY
AUDITOR:
Paul Tivey FCA FCCA



AUDITORS: Pinfields Limited
Chartered Accountants
Meryll House
57 Worcester Road
Bromsgrove
Worcestershire
B61 7DN

Bryn Coch Limited (Registered number: 09632795)

Balance Sheet
31 July 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 23,610 -
Investment property 5 3,302,521 -
3,326,131 -

CURRENT ASSETS
Stocks - 211,897
Debtors 6 66,200 3,237
Cash at bank 451 -
66,651 215,134
CREDITORS
Amounts falling due within one year 7 638,350 219,405
NET CURRENT LIABILITIES (571,699 ) (4,271 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,754,432

(4,271

)

PROVISIONS FOR LIABILITIES 528,480 -
NET ASSETS/(LIABILITIES) 2,225,952 (4,271 )

CAPITAL AND RESERVES
Called up share capital 100 100
Investment property
revaluation reserve 8 2,254,578 -
Retained earnings (28,726 ) (4,371 )
2,225,952 (4,271 )

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 30 May 2019 and were signed by:





P B G O'Dowd - Director


Bryn Coch Limited (Registered number: 09632795)

Notes to the Financial Statements
for the period 31 March 2017 to 31 July 2018

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 has been extended so that the period matches that of its parent
company. The period is 16 months long, the comparative figures are for 15 months.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling
costs in bringing stocks to their present location and condition.

Taxation
Taxation for the period 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.


Bryn Coch Limited (Registered number: 09632795)

Notes to the Financial Statements - continued
for the period 31 March 2017 to 31 July 2018

2. ACCOUNTING POLICIES - continued
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 period 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.

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 period was 1 (2017 - NIL ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 26,949
At 31 July 2018 26,949
DEPRECIATION
Charge for period 3,339
At 31 July 2018 3,339
NET BOOK VALUE
At 31 July 2018 23,610

Bryn Coch Limited (Registered number: 09632795)

Notes to the Financial Statements - continued
for the period 31 March 2017 to 31 July 2018

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 519,463
Revaluations 2,783,058
At 31 July 2018 3,302,521
NET BOOK VALUE
At 31 July 2018 3,302,521

Fair value at 31 July 2018 is represented by:

£   
Valuation in 2018 3,302,521

If the property had not been revalued it would have been included at the following historical cost:

2018 2017
£    £   
Cost 250,861 -

The property was valued on Existing Market Value basis on 31 July 2018 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 £33,919 have been spent on the site.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors - 3,211
Other debtors 66,200 26
66,200 3,237

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 322,323 -
Amounts owed to group undertakings 306,860 216,230
Taxation and social security 1,012 -
Other creditors 8,155 3,175
638,350 219,405

Bryn Coch Limited (Registered number: 09632795)

Notes to the Financial Statements - continued
for the period 31 March 2017 to 31 July 2018

8. RESERVES
Investment
property
revaluation
reserve
£   
Revaluation transfer 2,254,578

At 31 July 2018 2,254,578

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion
We were not appointed as auditor of the company until after 18 December 2017 when the company
was purchased and have had no access to records prior to this date. We were unable to satisfy
ourselves by alternative means concerning the completeness and accuracy of the accounting records
before that date. Consequently we were unable to determine whether any adjustment to the financial
statements would be necessary. In addition, were any adjustment to the financial statements be
required, the directors report may also need to be amended.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK))
and applicable law. Our responsibilities under those standards are further described in the Auditors'
responsibilities for the audit of the financial statements section of our report. We are independent of
the company in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical
responsibilities in accordance with these requirements. We believe that the audit evidence we have
obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Paul Tivey FCA FCCA (Senior Statutory Auditor)
for and on behalf of Pinfields Limited

10. 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 £4,500,000

11. ULTIMATE CONTROLLING PARTY

The controlling party is Maybrook Investments Limited.

Registered office Meryll House, 57 Worcester Road, Bromsgrove, Worcestershire, B61 7DN.

Bryn Coch Limited (Registered number: 09632795)

Notes to the Financial Statements - continued
for the period 31 March 2017 to 31 July 2018

12. 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.