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REGISTERED NUMBER: 09894837 (England and Wales)

Unaudited Financial Statements for the Year Ended 30th November 2024

for

Brett Property Investments Ltd

| Brett Property Investments Ltd (Registered number: 09894837) |

Contents of the Financial Statements

for the Year Ended 30th November 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| Brett Property Investments Ltd |

Company Information

for the Year Ended 30th November 2024

| DIRECTOR: | P R Brett

| REGISTERED OFFICE: | Unit 14 Ash Industrial Estate

| Kembrey Park

| Swindon

| SN2 8UN

| REGISTERED NUMBER: | 09894837 (England and Wales)

| ACCOUNTANTS: | OCG Accountants Ltd

| Biz Hub Tees Valley

| Belasis Hall Technology Park

| Coxwold Way

| Billingham

| Co. Durham

| TS23 4EA

| Brett Property Investments Ltd (Registered number: 09894837) |

Balance Sheet

30th November 2024

| 2024 |  | 2023

| Notes | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 891 |  | 1,799 |  |

Investment property | 5 | 37,556,347 |  | 28,172,546 |  |

37,557,238 |  | 28,174,345 |  |

CURRENT ASSETS

Debtors | 6 | 1,101,120 |  | 44,766 |  |

Cash at bank | 52,104 |  | 173,205 |  |

1,153,224 |  | 217,971 |  |

CREDITORS

Amounts falling due within one year | 7 | (1,208,488 | ) | (1,055,282 | ) |

NET CURRENT LIABILITIES | (55,264 | ) | (837,311 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 37,501,974 |  | 27,337,034 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (23,057,310 | ) | (17,310,900 | ) |

PROVISIONS FOR LIABILITIES | (2,305,529 | ) | (1,401,877 | ) |

NET ASSETS | 12,139,135 |  | 8,624,257 |  |

CAPITAL AND RESERVES

Called up share capital | 101 |  | 101 |  |

Share premium | 2,167,400 |  | 2,167,400 |  |

Revaluation reserve | 10 | 9,828,833 |  | 5,976,423 |  |

Retained earnings | 142,801 |  | 480,333 |  |

12,139,135 |  | 8,624,257 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

| Brett Property Investments Ltd (Registered number: 09894837) |

Balance Sheet - continued

30th November 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 director and authorised for issue on 13th October 2025 and were signed by:

P R Brett - Director

| Brett Property Investments Ltd (Registered number: 09894837) |

Notes to the Financial Statements

for the Year Ended 30th November 2024

1. | STATUTORY INFORMATION

| Brett Property Investments 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.

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.

| TANGIBLE FIXED ASSETS

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

| 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.

| HIRE PURCHASE AND LEASING COMMITMENTS

| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

| PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS

| The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 1 ) .

| Brett Property Investments Ltd (Registered number: 09894837) |

Notes to the Financial Statements - continued

for the Year Ended 30th November 2024

4. | TANGIBLE FIXED ASSETS

| Improvements |  | Fixtures |

| to |  | and |

| property |  | fittings |  | Totals

£ | £ | £ |

| COST

| At 1st December 2023

| and 30th November 2024 | 5,544 |  | 67,509 |  | 73,053 |  |

| DEPRECIATION

| At 1st December 2023 | 4,440 |  | 66,814 |  | 71,254 |  |

| Charge for year | 555 |  | 353 |  | 908 |  |

| At 30th November 2024 | 4,995 |  | 67,167 |  | 72,162 |  |

| NET BOOK VALUE

| At 30th November 2024 | 549 |  | 342 |  | 891 |  |

| At 30th November 2023 | 1,104 |  | 695 |  | 1,799 |  |

5. | INVESTMENT PROPERTY

| Total

£ |

| FAIR VALUE

| At 1st December 2023 | 28,172,546 |  |

| Additions | 4,627,739 |  |

| Revaluations | 4,756,062 |  |

| At 30th November 2024 | 37,556,347 |  |

| NET BOOK VALUE

| At 30th November 2024 | 37,556,347 |  |

| At 30th November 2023 | 28,172,546 |  |

| Fair value at 30th November 2024 is represented by:

£ |

| Valuation in 2022 | 1,855,219 |  |

| Valuation in 2023 | 3,225,956 |  |

| Valuation in 2024 | 4,756,062 |  |

| Cost | 27,719,110 |  |

37,556,347 |  |

| Brett Property Investments Ltd (Registered number: 09894837) |

Notes to the Financial Statements - continued

for the Year Ended 30th November 2024

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

2024 | 2023 |

£ | £ |

| Amounts owed by associates | 996,428 |  | 100 |  |

| Other debtors | 88,724 |  | 42,000 |  |

| Tax | 888 |  | 68 |  |

| Prepayments and accrued income | 15,080 |  | 2,598 |  |

1,101,120 |  | 44,766 |  |

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

2024 | 2023 |

£ | £ |

| Other loans | 10,000 |  | 10,000 |  |

| Trade creditors | 1,043,950 |  | - |  |

| Amounts owed to associates | 36,357 |  | 500 |  |

| Social security and other taxes | 23,839 |  | - |  |

| Pension | 345 |  | - |  |

| Other creditors | 89,760 |  | 42,000 |  |

| Directors' current accounts | - |  | 1,000,981 |  |

| Accruals and deferred income | 4,237 |  | 1,801 |  |

1,208,488 |  | 1,055,282 |  |

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

2024 | 2023 |

£ | £ |

| Bank loans - 1-2 years | 1,372,588 |  | 115,992 |  |

| Bank loans - 2-5 years | 19,823,841 |  | 15,625,907 |  |

| Bank loans more 5 yr by instal | 355,880 |  | - |  |

| Other loans - 2-5 years | 5,000 |  | 15,000 |  |

| Other loans more 5yrs non-inst | 1,500,001 |  | 1,554,001 |  |

23,057,310 |  | 17,310,900 |  |

| Amounts falling due in more than five years:

| Repayable otherwise than by instalments

| Other loans more 5yrs non-inst | 1,500,001 |  | 1,554,001 |  |

| Repayable by instalments

| Bank loans more 5 yr by instal | 355,880 |  | - |  |

9. | SECURED DEBTS

| The following secured debts are included within creditors:

2024 | 2023 |

£ | £ |

| Bank loans and mortgages | 21,552,308 |  | 15,741,898 |  |

| Brett Property Investments Ltd (Registered number: 09894837) |

Notes to the Financial Statements - continued

for the Year Ended 30th November 2024

10. | RESERVES

| Revaluation

| reserve

£ |

| At 1st December 2023 | 5,976,423 |  |

| Reclassification | 3,852,410 |  |

| At 30th November 2024 | 9,828,833 |  |

11. | RELATED PARTY DISCLOSURES

| At the end of the financial year the company was owed £996,428 (2023 - £nil) from Brett Property Developments Limited, a company owned by the director. The company owed £35,857 (2023 - was owed £100) to Brett Property Holdings Limited, a company owned by the director. The company owed £500 (2023 - £500) to MP Brett Limited, a company partially owned by the director.