BESSEL & BRO LIMITED Company accounts

COMPANY REGISTRATION NUMBER: 05230879

BESSEL & BRO LIMITED

Unaudited Financial Statements

31 March 2025

BESSEL & BRO LIMITED

Financial Statements

Year ended 31 March 2025

Contents	Page

Directors' report	1

Statement of comprehensive income	2

Statement of financial position	3

Statement of changes in equity	4

Notes to the financial statements	5

BESSEL & BRO LIMITED

Directors' Report

Year ended 31 March 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2025 .

Directors

The directors who served the company during the year were as follows:

Ayhan Isikgun
Gokcen Isikgun

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 19 August 2025 and signed on behalf of the board by:

Ayhan Isikgun

Director

Registered office:

First Floor, 736 High Road

North Finchley

London

N12 9QD

BESSEL & BRO LIMITED

Statement of Comprehensive Income

Year ended 31 March 2025

	2025	2024
Note	£	£
Turnover	124,370	192,145

	---------	---------
Gross profit	124,370	192,145

Distribution costs	2,644	3,285
Administrative expenses	12,199	9,984
Other operating income	2,396	2,362
	---------	---------
Operating profit	111,923	181,238

Other interest receivable and similar income	5	32	–
		---------	---------
Profit before taxation		111,955	181,238

Tax on profit	27,793	44,278
	---------	---------
Profit for the financial year	84,162	136,960
	---------	---------

Revaluation of investment property	326,684	–
	---------	---------
Total comprehensive income for the year	410,846	136,960
	---------	---------

All the activities of the company are from continuing operations.

BESSEL & BRO LIMITED

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Investment Property	6	2,215,000	1,888,316

Current assets

Debtors	7	–	1,493
Cash at bank and in hand		364,053	322,418
		---------	---------
		364,053	323,911

Creditors: amounts falling due within one year	8	466,072	510,092
		---------	---------
Net current liabilities		102,019	186,181
		------------	------------
Total assets less current liabilities		2,112,981	1,702,135
		------------	------------
Net assets		2,112,981	1,702,135
		------------	------------

Capital and reserves

Called up share capital		100	100
Revaluation reserve	9	851,299	524,615
Profit and loss account	9	1,261,582	1,177,420
		------------	------------
Shareholders funds		2,112,981	1,702,135
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31 March 2025 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 year 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 were approved by the board of directors and authorised for issue on 19 August 2025 , and are signed on behalf of the board by:

Ayhan Isikgun	Gokcen Isikgun
Director	Director

Company registration number: 05230879

BESSEL & BRO LIMITED

Statement of Changes in Equity

Year ended 31 March 2025

			Called up share capital	Revaluation reserve	Profit and loss account	Total
Note			£	£	£	£
At 1 April 2023			100	524,615	1,040,460	1,565,175

Profit for the year					136,960	136,960
			----	---------	------------	------------
Total comprehensive income for the year			–	–	136,960	136,960

At 31 March 2024			100	524,615	1,177,420	1,702,135

Profit for the year					84,162	84,162
Other comprehensive income for the year:
	Revaluation of investment property	6	–	326,684	–	326,684
			----	---------	------------	------------
Total comprehensive income for the year			–	326,684	84,162	410,846

			----	---------	------------	------------
At 31 March 2025			100	851,299	1,261,582	2,112,981
			----	---------	------------	------------

BESSEL & BRO LIMITED

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor, 736 High Road, North Finchley, London, N12 9QD.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.

Income tax

The taxation expense represents the aggregate amount of recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.

Tangible assets

Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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. Deferred taxation is not provided on such surplus or deficit. The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable profits with the distributable profits of the company, any fair value movements on investment property is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

Impairment of fixed assets

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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a 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. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Other interest receivable and similar income

	2025	2024
	£	£
Interest on cash and cash equivalents	32	–
	----	----

6. Investment property

	Freehold property
	£
Cost or valuation
At 1 April 2024	1,888,316
Revaluations	326,684
	------------
At 31 March 2025	2,215,000
	------------
Depreciation
At 1 April 2024 and 31 March 2025	–
	------------
Carrying amount
At 31 March 2025	2,215,000
	------------
At 31 March 2024	1,888,316
	------------

Fair value at 31 March 2025 is represented by:

		£
		£
	Valuation in 2013	524,615
	Valuation in 2025	326,684
	Cost & Additions	1,363,701
		------------
		2,215,000
		------------

Investment properties were valued on an open market basis on 31 March 2025 by the directors.

7. Debtors

	2025	2024
	£	£
Other debtors	–	1,493
	----	-------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Accruals and deferred income	4,781	3,106
Corporation tax	27,783	44,278
Director loan accounts	433,508	462,708
	---------	---------
	466,072	510,092
	---------	---------

9. Reserves

Revaluation reserve - this reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account - this reserve records retained earnings and accumulated losses.

10. Directors' advances, credits and guarantees

Shown in note "Creditors: amounts falling due within one year".

11. Controlling party

The company was under the control of its directors throughout the year.