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Registration number: 04991821

Breeze Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 December 2024

Breeze Properties Limited

Contents

Statement of Financial Position | 1
Notes to the Unaudited Financial Statements | 2 to 5

Breeze Properties Limited

(Registration number: 04991821)
Statement of Financial Position as at 31 December 2024

| Note | 2024 £ | 2023 £
Fixed assets |  |  |
Tangible assets | 4 | 335,000 | 335,000
Current assets |  |  |
Debtors | 5 | 62 | 62
Cash at bank and in hand |  | 153,733 | 156,480
|  | 153,795 | 156,542
Creditors: Amounts falling due within one year | 6 | (109,032) | (108,924)
Net current assets |  | 44,763 | 47,618
Total assets less current liabilities |  | 379,763 | 382,618
Creditors: Amounts falling due after more than one year | 6 | (229,075) | (229,075)
Net assets |  | 150,688 | 153,543
Capital and reserves |  |  |
Called up share capital |  | 2 | 2
Profit and loss account |  | 150,686 | 153,541
Shareholders' funds |  | 150,688 | 153,543

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Statement of Comprehensive Income.

Approved and authorised by the director on 1 September 2025

C R Arscott Director

Breeze Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
15 Ramage Close
Plymouth
Devon
PL6 8SQ

Principal activity

The principal activity of the company is the letting and operating of owned real estate.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention, 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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Revenue recognition

Turnover represents the total rents receivable during the year.

Breeze Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2 | Accounting policies (continued)

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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.

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.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the statement of comprehensive income over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Breeze Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4 | Tangible assets

| Freehold property £ | Fixtures, fittings and equipment £ | Total £
Cost or valuation
At 1 January 2024 | 335,000 | 5,569 | 340,569
At 31 December 2024 | 335,000 | 5,569 | 340,569
Depreciation
At 1 January 2024 | - | 5,569 | 5,569
At 31 December 2024 | - | 5,569 | 5,569
Carrying amount
At 31 December 2024 | 335,000 | - | 335,000
At 31 December 2023 | 335,000 | - | 335,000

Investment property
The investment properties are shown at market value. The market valuation of the investment property has been undertaken by the director based on market conditions.

5 | Debtors

| 2024 £ | 2023 £
Other debtors | 62 | 62
| 62 | 62

Breeze Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6 | Creditors

Creditors: amounts falling due within one year

| 2024 £ | 2023 £
Other creditors | 109,032 | 108,924

Creditors: amounts falling due after more than one year

|  | 2024 £ | 2023 £
Loans and borrowings |  | 229,075 | 229,075

7 | Reserves

Profit and loss account:
This reserve records retained earnings and accumulated losses.
This reserve contains accumulated undistributable reserves totalling £30,987 (2023: £30,987).

8 | Related party transactions

Transactions with the director

2024 | At 1 January 2024 £ | Advances to director £ | At 31 December 2024 £
Director | (107,415) | (45) | (107,460)

2023 | At 1 January 2023 £ | Advances to director £ | Repayments by director £ | At 31 December 2023 £
Director | (107,370) | - | (45) | (107,415)