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REGISTERED NUMBER: 09351748 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRAINTREE HOUSING COMPANY LIMITED

BRAINTREE HOUSING COMPANY LIMITED (REGISTERED NUMBER: 09351748) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| BRAINTREE HOUSING COMPANY LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | J N Haylock

| Miss C Hunnable

| J E Hunnable

| P J Hunnable

| M S Hunnable

| Mrs E Goldmark

| Mr D Beanland

| SECRETARY: | Mrs E Goldmark

| REGISTERED OFFICE: | 15 Glaston Road

| Uppingham

| Oakham

| LE15 9PX

| REGISTERED NUMBER: | 09351748 (England and Wales)

| ACCOUNTANTS: | Seago and Stopps

| Chartered Certified Accountants

| 61 Station Road

| Sudbury

| Suffolk

| CO10 2SP

BRAINTREE HOUSING COMPANY LIMITED (REGISTERED NUMBER: 09351748) |

BALANCE SHEET

31 DECEMBER 2024

31.12.23 |  | 31.12.24 |

£ | £ |  | Notes | £ | £ |

| FIXED ASSETS

10,917,000 |  |  | Investment property | 4 | 11,161,000 |  |

| CURRENT ASSETS

30,179 |  |  | Debtors | 5 | 29,798 |  |

442,208 |  |  | Cash at bank and in hand | 187,121 |  |

472,387 |  | 216,919 |  |

| CREDITORS

119,295 |  |  | Amounts falling due within one year | 6 | 108,144 |  |

353,092 |  |  | NET CURRENT ASSETS | 108,775 |  |

11,270,092 |  |  | TOTAL ASSETS LESS CURRENT LIABILITIES | 11,269,775 |  |

| CREDITORS

(309,668 | ) |  | Amounts falling due after more than one year | 7 | (279,521 | ) |

(567,197 | ) |  | PROVISIONS FOR LIABILITIES | (628,197 | ) |

10,393,227 |  |  | NET ASSETS | 10,362,057 |  |

| CAPITAL AND RESERVES

21 |  |  | Called up share capital | 20 |  |

4,222,678 |  |  | Fair value reserve | 9 | 4,405,678 |  |

6,170,528 |  |  | Retained earnings | 5,956,359 |  |

10,393,227 |  |  | SHAREHOLDERS' FUNDS | 10,362,057 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year 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.

BRAINTREE HOUSING COMPANY LIMITED (REGISTERED NUMBER: 09351748) |

BALANCE SHEET - continued

31 DECEMBER 2024

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 11 September 2025 and were signed on its behalf by:

M S Hunnable - Director

Mrs E Goldmark - Director

BRAINTREE HOUSING COMPANY LIMITED (REGISTERED NUMBER: 09351748) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Braintree Housing Company 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.

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.

| Turnover

| Turnover represents rents receivable for the year net of VAT where appropriate.

| 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.

| Financial instruments

| The company enters into basic financial instrument transactions, as appropriate and as and when required, that result in the recognition of financial assets and liabilities within the financial statements such as trade and other accounts receivable and payable, bank loans and hire purchase contracts.

| 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 9 (2023 - 9 ) .

BRAINTREE HOUSING COMPANY LIMITED (REGISTERED NUMBER: 09351748) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1 January 2024 | 10,917,000 |  |

| Revaluations | 244,000 |  |

| At 31 December 2024 | 11,161,000 |  |

| NET BOOK VALUE

| At 31 December 2024 | 11,161,000 |  |

| At 31 December 2023 | 10,917,000 |  |

| The fair value of the properties is represented by:-

| £ |  |

| Cost / valuation upon acquisition in 2015 |  | 8,616,803 |  |

| Upwards valuation - 31 December 2016 |  | 143,164 |  |

| Upwards valuation - 31 December 2017 |  | 556,000 |  |

| Upwards valuation - 31 December 2018 |  | 343,000 |  |

| Downwards valuation - 31 December 2019 |  | (110,967 | ) |

| Upwards valuation - 31 December 2020 |  | 276,000 |  |

| Upwards valuation - 31 December 2021 |  | 645,000 |  |

| Cost / valuation disposals - 31 December 2021 |  | (575,000 | ) |

| Cost of purchase - 31 December 2022 |  | 335,472 |  |

| Upwards valuation - 31 December 2022 |  | 939,528 |  |

| Cost / valuation disposals - 31 December 2023 |  | (340,000 | ) |

| Upwards valuation - 31 December 2023 |  | 88,000 |  |

| Upwards valuation - 31 December 2024 |  | 244,000 |  |

|  | 11,161,000 |  |

| The freehold and leasehold investment property was revalued in December 2024 by the directors.

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade debtors | 14,919 |  | 18,531 |  |

| Other debtors | 14,879 |  | 11,648 |  |

29,798 |  | 30,179 |  |

BRAINTREE HOUSING COMPANY LIMITED (REGISTERED NUMBER: 09351748) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans and overdrafts | 30,146 |  | 27,942 |  |

| Trade creditors | 820 |  | 1,636 |  |

| Taxation and social security | 61,554 |  | 78,105 |  |

| Other creditors | 15,624 |  | 11,612 |  |

108,144 |  | 119,295 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans | 279,521 |  | 309,668 |  |

| Amounts falling due in more than five years:

| Repayable by instalments

| Bank loans due in more than 5

| years | 137,587 |  | 177,426 |  |

137,587 |  | 177,426 |  |

8. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.24 |  | 31.12.23

£ | £ |

| Bank loans | 309,667 |  | 337,610 |  |

| The bank loan is secured by fixed and floating charges against the company, and is secured on commercial and residential property. The charges in are favour of Lloyds Bank PLC, and were created and registered in January and February 2017.

BRAINTREE HOUSING COMPANY LIMITED (REGISTERED NUMBER: 09351748) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

9. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 January 2024 | 4,222,678 |  |

| Fair value reserve | 183,000 |  |

| At 31 December 2024 | 4,405,678 |  |

| Included within reserves is a 'fair value reserve', which has been created through the process of revaluing the investment property to its open market value each year. The reserve is also adjusted each year for any deferred tax movements.

| In accordance with FRS102, this reserve is a 'non-distributable' reserve, and is separately disclosed on the balance sheet.