The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial Period ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the Period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Brookmans Park JV Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charter House, 3a Felgate Mews, London, United Kingdom, W6 0LY.

The financial statements have been prepared for a period of 9 months as the accounts for the period ended 31 December 2024 are the first financial statements to be prepared since incorporation.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements relate to Brookmans Park JV Limited as an individual entity.

The financial statements have been prepared under the historical cost convention.The principal accounting policies adopted are set out below.

The financial statements are showing a net liability position at the year end of £19,340. The directors have confirmed that they are willing and able to financially support the company for at least the next 12 months should this be required. It is therefore felt that the going concern basis is considered to be appropriate.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet 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, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

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

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

The average monthly number of persons (including directors) employed by the company during the Period was:

The loan is contractually repayable on the earlier of: (a) the tenth anniversary of the agreement date; (b) within 5 business days of the repayment of the PropCo Loan; or (c) within 10 business days of a disposal. At the reporting date, none of these triggering events has occurred or is expected to occur within 12 months. However, given the terms of the agreement, there remains a possibility of earlier repayment should such an event occur. Management considers the likelihood of this to be remote, and therefore the loan has been classified as a non-current liability.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' Section 33.1A, not to disclose related party transactions with wholly owned group entities.

Included within amounts due in more than one year are loans payable to owners holding a participating interest in the company £4,089,719. Interest of £227,491 has been charged on these loans.

Included within amounts due within one year is an intercompany loan balance of £12,000 owners holding a participating interest in the company.