REGISTERED NUMBER: 13000263 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

HOLD MY BRICKS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

F L J De Ryckman De Betz

C G Forsyth

C E D Kempe

P W F Kempe

S A Macrae

REGISTERED OFFICE:

3rd Floor

21 Perrymount Rd

Haywards Heath

West Sussex

RH16 3TP

REGISTERED NUMBER:

13000263 (England and Wales)

AUDITORS:

Galloways Accounting

Statutory Auditors

15 West Street

Brighton

East Sussex

BN1 2RL

FIXED ASSETS

Tangible assets

4

17,677

-

Investments

5

502

502

Investment property

6

83,262,501

56,077,186

83,280,680

56,077,688

CURRENT ASSETS

Debtors

7

7,809,964

712,701

Cash at bank

8,255

5,309

7,818,219

718,010

CREDITORS

Amounts falling due within one year

8

(49,659,343

)

(37,166,515

)

NET CURRENT LIABILITIES

(41,841,124

)

(36,448,505

)

TOTAL ASSETS LESS CURRENT LIABILITIES

41,439,556

19,629,183

PROVISIONS FOR LIABILITIES

10

(10,912,795

)

(4,913,111

)

NET ASSETS

30,526,761

14,716,072

CAPITAL AND RESERVES

Called up share capital

4

4

Retained earnings

30,526,757

14,716,068

SHAREHOLDERS' FUNDS

30,526,761

14,716,072

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 24 September 2025 and were signed on its behalf by:

S A Macrae - Director

F L J De Ryckman De Betz - Director

1.	STATUTORY INFORMATION

Hold My Bricks Ltd 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.

The presentation currency of the financial statements is the 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.

Exemption from preparing consolidated financial statements

The company, and the group headed by it's parent, qualify as small as set out in section 383 of the Companies Act 2006 and the intermediate parent and group are considered eligible for the exemption to prepare consolidated accounts.

Going concern

The directors have received confirmation that this financial support will be provided for a period to 31 December 2026 and it is therefore the directors' opinion that the application of the going concern basis is appropriate for the preparation of the company's financial statements.

Turnover

Revenue represents rent receivable from property rental agreements, net of VAT.

Rental income is recognised in line with rental agreements, with income received in advance of its related rental period being deferred where necessary.

Revenue from the sale of property is recognised in the period in which the sale is legally completed.

Tangible fixed assets

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

Plant and machinery

-

33% on cost and 10% on cost

Fixtures and fittings

-

33% on cost and 10% on cost

Computer equipment

-

33% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property, which is property held to earn rentals and/or capital appreciation, is initially recognised at cost, which includes purchase cost and directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and 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.

Financial instruments

The Company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other parables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade parables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade parables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Equity Instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

Additions

17,677

At 31 December 2024

17,677

NET BOOK VALUE

At 31 December 2024

17,677

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

and 31 December 2024

502

NET BOOK VALUE

At 31 December 2024

502

At 31 December 2023

502

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2024

56,077,186

Additions

4,689,232

Disposals

(24,647

)

Revaluations

22,520,730

At 31 December 2024

83,262,501

NET BOOK VALUE

At 31 December 2024

83,262,501

At 31 December 2023

56,077,186

Fair value at 31 December 2024 is represented by:

£

Valuation in 2022

16,337,268

Valuation in 2023

4,793,182

Valuation in 2024

22,520,730

Cost

39,611,321

83,262,501

If investment property had not been revalued it would have been included at the following historical cost:

2024

2023

£

£

Cost

39,611,321

34,946,736

Investment property was valued on an open market basis on 31 December 2024 by the directors .

7.

DEBTORS

2024

2023

£

£

Amounts falling due within one year:

Trade debtors

1,926

22,800

Amounts owed by group undertakings

7,614,333

300,094

Other debtors

141,455

337,557

7,757,714

660,451

Amounts falling due after more than one year:

Other debtors

52,250

52,250

Aggregate amounts

7,809,964

712,701

Amounts owed by group undertakings are unsecured, have no fixed date of repayment and are payable on demand. At the balance sheet date, the loans carried interest at rates ranging between 0% and 5.15% per annum.

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

54,127

4,595,924

Amounts owed to group undertakings

49,473,825

32,490,322

Taxation and social security

26,738

-

Other creditors

104,653

80,269

49,659,343

37,166,515

Amounts owed to group undertakings are unsecured, have no fixed date of repayment and are payable on demand. At the balance sheet date, the loans carried interest at rates ranging between 0% and 5.15% per annum.

9.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

£

Within one year

135,000

135,000

Between one and five years

540,000

540,000

In more than five years

7,042,500

7,177,500

7,717,500

7,852,500

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

10,912,795

4,913,111

Deferred

tax

£

Balance at 1 January 2024

4,913,111

Charge to Income Statement during year

5,999,684

Balance at 31 December 2024

10,912,795

11.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Neil Morris BSc FCCA (Senior Statutory Auditor)

For and on behalf of Galloways Accounting

12.	CONTINGENT LIABILITIES

Three of the company's investment properties are held within a collateral pool on behalf of City & Provincial Properties Finance Ltd, a company under common control. The maximum liability is £24,937,500 (2023: £20,150,000) and this is secured over the three investment properties. The directors do not expect the Company to be called upon in respect of the securities provided.

13.	RELATED PARTY DISCLOSURES

Balances owed by and to group undertakings and the terms attributable to them are disclosed in notes 8 and 9 to the financial statements.

During the year, the company paid interest of £742,157 to another fellow group undertaking.

The immediate parent undertaking is Hold Midco Limited, company registration number 12992667.

The ultimate parent is Hold Topco Limited, company registration number 11307569.