ACCOUNTS - Final Accounts preparation

Registered number: 12104794

LONDON AND BIRMINGHAM PROPERTY CO LTD

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

LONDON AND BIRMINGHAM PROPERTY CO LTD

CONTENTS

	Page
Balance sheet	1
Notes to the financial statements	2 - 4

LONDON AND BIRMINGHAM PROPERTY CO LTD

REGISTERED NUMBER: 12104794

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£


Current assets
Stocks		3,768,383		3,717,205
Debtors: amounts falling due within one year	4	121,462		69,114
Cash at bank and in hand		543,825		827,848
		4,433,670		4,614,167
Creditors: amounts falling due within one year	5	(3,291,990)		(3,256,589)
Net current assets			1,141,680		1,357,578
Creditors: amounts falling due after more than one year	6		(1,000,000)		(1,300,000)

Net assets			141,680		57,578

Capital and reserves
Called up share capital	100	100
Profit and loss account	141,580	57,478
	141,680	57,578

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 October 2025.

D H G Smith

Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

LONDON AND BIRMINGHAM PROPERTY CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

London and Birmingham Property Co Ltd (the Company) is a private company, limited by shares, incorporated and domiciled in England. The address of its registered office is Milestone House, Shallowford Court, Henley in Arden, Warwickshire, B95 5BY.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Going concern

The company is dependent on the support of its parent company, who have indicated that they will provide the financial support necessary to enable the company to continue in operational existence for the forseeable future. Accordingly these financial statements have been prepared on the going concern basis.

2.3

Revenue

Turnover is the total amount receivable by the company for properties and leases sold during the period and are recognised on completion.
Rental income is recognised on a receivable basis.

2.4

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Profit and loss account in the same period as the related expenditure.

2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.7

Borrowing costs

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

Page 2

LONDON AND BIRMINGHAM PROPERTY CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.9

Stocks

Stocks are stated at the lower of cost and realisable value and consist of properties.

2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 3

LONDON AND BIRMINGHAM PROPERTY CO LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	1,634	760
Other debtors	119,828	68,354
	121,462	69,114

5.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Amounts owed to group undertakings	3,230,658	3,223,658
Corporation tax	27,990	18,760
Other taxation and social security	15,422	10,169
Other creditors	14,922	1,000
Accruals and deferred income	2,998	3,002
	3,291,990	3,256,589

6.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

	Bank loans	1,000,000	1,300,000

The bank loan is secured on certain properties held by the company.

7.	Ultimate parent company

The company is a wholly owned subsidiary of Business Flats Holdings Limited, a company registered in England and Wales.

Page 4