REGISTERED NUMBER: 10782683 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2025

FOR

BREMAGH PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr G Holdstock

Mrs S W Holdstock

REGISTERED OFFICE:

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

REGISTERED NUMBER:

10782683 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Investment property

4

548,513

511,383

CURRENT ASSETS

Debtors

5

-

5,517

Cash at bank

1,046

15,518

1,046

21,035

CREDITORS

Amounts falling due within one year

6

426,225

421,892

NET CURRENT LIABILITIES

(425,179

)

(400,857

)

TOTAL ASSETS LESS CURRENT LIABILITIES

123,334

110,526

PROVISIONS FOR LIABILITIES

12,473

12,473

NET ASSETS

110,861

98,053

CAPITAL AND RESERVES

Called up share capital

100

100

Revaluation reserve

7

53,175

53,175

Retained earnings

57,586

44,778

110,861

98,053

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 23 July 2025 and were signed on its behalf by:

Mr G Holdstock - Director

Mrs S W Holdstock - Director

1.	STATUTORY INFORMATION

Bremagh Properties Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at Beckside Court, Annie Reed Road, Beverley, East Yorkshire, England,HU170LF.

The principal activity of the company is property rental.

The presentational currency of the financial statements is Pound Sterling (£).

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.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 June 2024

511,383

Additions

37,130

At 31 May 2025

548,513

NET BOOK VALUE

At 31 May 2025

548,513

At 31 May 2024

511,383

Fair value at 31 May 2025 is represented by:

£

Valuation in 2022

65,648

Cost

482,865

548,513

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

-

5,517

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

5,116

4,783

Other creditors

421,109

417,109

426,225

421,892

7.

RESERVES

Revaluation

reserve

£

At 1 June 2024

and 31 May 2025

53,175

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is a loan to the company from its directors Mr & Mrs Holdstock.The balance outstanding at 31 May 2025 amounted to £418,932 (2024: £414,932)

The loan was made on an interest free basis and is repayable on demand.

Although the above liability is shown in current liabilities, the director's have confirmed that they will not demand repayment until the company has sufficient funds available. On this basis the company has prepared the accounts on a going concern basis.

9.	ULTIMATE CONTROLLING PARTY

The company is under the control of it's director's.