REGISTERED NUMBER: 15235368 (England and Wales)

Unaudited Financial Statements

for the Period 25 October 2023 to 31 December 2024

for

B&R Assets Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

29,744

Investment property

5

1,989,915

2,019,659

CURRENT ASSETS

Debtors

6

111,855

Cash at bank

1,225,747

1,337,602

CREDITORS

Amounts falling due within one year

7

852,990

NET CURRENT ASSETS

484,612

TOTAL ASSETS LESS CURRENT LIABILITIES

2,504,271

CREDITORS

Amounts falling due after more than one year

8

2,777,580

NET LIABILITIES

(273,309

)

CAPITAL AND RESERVES

Called up share capital

10

100

Retained earnings

(273,409

)

SHAREHOLDERS' FUNDS

(273,309

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2024 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 9 September 2025 and were signed on its behalf by:

Mr Remon Jager - Director

1.	STATUTORY INFORMATION

B&R Assets Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

15235368

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

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.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Investment property

The investment properties have been stated at cost as some of the properties are still under development or refurbishment as at balance sheet date therefore the total market value of the property portfolio cannot be estimated.

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern

The company has net liabilities of £273,309. The accounts have been prepared on going concern basis as the directors have confirmed that they will continue to provide financial support to the company for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

Additions

37,180

At 31 December 2024

37,180

DEPRECIATION

Charge for period

7,436

At 31 December 2024

7,436

NET BOOK VALUE

At 31 December 2024

29,744

5.	INVESTMENT PROPERTY

Total

£

COST

Additions

1,989,915

At 31 December 2024

1,989,915

NET BOOK VALUE

At 31 December 2024

1,989,915

Investment property situated at 28 Woodchurch Road, Birkenhead, Merseyside CH42 9LW is under a charge from Mint Property Finance Limited. The charge was created on12th June 2024.

Investment property situated at 49 Knutsford Road, Manchester, M18 7NJ and 51 Knutsford Road, Manchester, M18 7NJ is under a charge from Ms Lending Spv 1 Limited. The charge was created on 5th July 2024.

Investment property situated at 76 Arkles Lane, Liverpool L4 2SP is under a charge from Mint Property Finance Limited. The charge was created on 18th September 2024.

Investment property situated at 47 Elm Road, Seaforth, Liverpool, L21 1BJ is under a charge from Together Commercial Finance Limited. The charge was created on 6th December 2024.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

111,855

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Bank loans and overdrafts

822,596

Other creditors

30,394

852,990

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

£

Other creditors

2,777,580

9.	SECURED DEBTS

The following secured debts are included within creditors:

£

Bank loans

822,596

The loan amounting to £133,500 is secured by the way of charge on the property situated at 28 Woodchurch Road, Birkenhead, Merseyside CH42 9LW (disclosed as investment property). The charge was created in the name of Mint Property Finance Limited on 12th June 2024.

The loan amounting to £434,000 is secured by the way of charge on the property situated at 49 Knutsford Road, Manchester, M18 7NJ and 51 Knutsford Road, Manchester, M18 7NJ (disclosed as investment property). The charge was created in the name of Ms Lending Spv 1 Limited on 5th July 2024.

The loan amounting to £142,500 is secured by the way of charge on the property situated at 76 Arkles Lane, Liverpool L4 2SP (disclosed as investment property). The charge was created in the name of Mint Property Finance Limited on 18th September 2024.

The loan amounting to £112,596 is secured by the way of charge on the property situated at 47 Elm Road, Seaforth, Liverpool, L21 1BJ (disclosed as investment property). The charge was created in the name of Together Commercial Finance Limited on 6th December 2024.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

11.	RELATED PARTY DISCLOSURES

The company owes £2,777,580 including €3,360,000 to Bert ll B.V., a company registered in Netherlands (Company registered number: 15235368) who is also a 50% shareholder of the company as at accounting year end date.

The company was owed £26,274 from B&R Living Ltd, a company registered in United Kingdom (Company registered number: 15647040) as at accounting year end date. Mr Remon Jager and Mr Egbert Floris Roelof Belga are also directors of this company.

The company was owed £300 from Triple Invest Ltd, a company registered in United Kingdom (Company registered number: 14850080) as at accounting year end date. Mr Remon Jager is also a director and 50% shareholder of this company.