Briarwood Gardens Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14520160

		31 December 2024		31 December 2023
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		3,399,057		1,021,275

			3,399,057		1,021,275
CURRENT ASSETS
Debtors	5	95,634		29,675
Cash at bank and in hand		16,691		20,379

		112,325		50,054
Creditors: Amounts Falling Due Within One Year	6	(35,306 )		(22,751 )

NET CURRENT ASSETS (LIABILITIES)			77,019		27,303

TOTAL ASSETS LESS CURRENT LIABILITIES			3,476,076		1,048,578

Creditors: Amounts Falling Due After More Than One Year	7		(3,399,057 )		(1,021,275 )

NET ASSETS			77,019		27,303

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			76,919		27,203

SHAREHOLDERS' FUNDS			77,019		27,303

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Briarwood Gardens Limited

Balance Sheet (continued)

As At 31 December 2024

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

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr S A Winskill

Director

10 October 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Briarwood Gardens Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14520160 . The registered office is Hanover Buildings, 11-13 Hanover Street, Liverpool, Merseyside, L1 3DN.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

2.4. Investment Properties

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.5. Financial Instruments

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 entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

2.6. Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

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Briarwood Gardens Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Investment Property

	31 December 2024
	£
Fair Value
As at 1 January 2024	1,021,275
Additions	2,377,782

As at 31 December 2024	3,399,057

The directors have valued the investment properties on an open market basis as at the reporting date, which they consider accurately reflects their fair value.

5. Debtors

	31 December 2024	31 December 2023
	£	£
Due within one year
Trade debtors	2,033	-
Other debtors	93,601	29,675

	95,634	29,675

6. Creditors: Amounts Falling Due Within One Year

	31 December 2024	31 December 2023
	£	£
Other creditors	19,808	16,370
Taxation and social security	15,498	6,381

	35,306	22,751

7. Creditors: Amounts Falling Due After More Than One Year

	31 December 2024	31 December 2023
	£	£
Bank loans	3,399,057	1,021,275

8. Secured Creditors

Of the creditors falling due within and after more than one year the following amounts are secured by fixed charges dated 19/07/2023, 20/07/2023, 24/07/2023, 04/07/2024 and 16/08/2024 over the investment properties held by the company.

	31 December 2024		31 December 2023
	£		£
Bank loans and overdrafts	3,399,057		1,021,275

9. Share Capital

	31 December 2024	31 December 2023
	£	£
Allotted, Called up and fully paid	100	100

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Briarwood Gardens Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

10. Directors Advances, Credits and Guarantees

No director received advances, credits or guarantees during the current or previous accounting periods.

11. Related Party Transactions

The following related party transactions were undertaken during the year:

The parent company withdrew £6,306 (2023: £20,677) and introduced £790 (2023: £12,952). At the balance sheet date, the amount receviable was £13,240 (2023: £7,725).

No dividends were paid to the directors in respect of their shareholdings.

No further transactions with related parties were undertaken such as are required to be disclosed in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

12. Ultimate Controlling Party

The company's ultimate controlling party is Tribus Holding Limited by virtue of its ownership of 100% of the issued share capital in the company.

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