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Registered number: 00136173 THE BRIGHTHOLME PROPERTY COMPANY LIMITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE BRIGHTHOLME PROPERTY COMPANY LIMITED Registered number: 00136173 BALANCE SHEET As at 31 March 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Fixed assets |  |  |  |  |
Tangible assets | 4 |  | 44,543 |  | 2,698
Investments | 5 |  | 5,060,908 |  | 4,536,333
|  |  | 5,105,451 |  | 4,539,031
Current assets |  |  |  |  |
Debtors |  | 207 |  | 7 |
Cash at bank and in hand | 6 | 156,961 |  | 178,057 |
|  | 157,168 |  | 178,064 |
Creditors: amounts falling due within one year | 7 | (99,577) |  | (135,700) |
Net current assets |  |  | 57,591 |  | 42,364
Total assets less current liabilities |  |  | 5,163,042 |  | 4,581,395
Provisions for liabilities |  |  |  |  |
Deferred tax | 8 | (956,711) |  | (815,738) |
|  |  | (956,711) |  | (815,738)
Net assets |  |  | 4,206,331 |  | 3,765,657
Page 1
THE BRIGHTHOLME PROPERTY COMPANY LIMITED Registered number: 00136173 BALANCE SHEET (CONTINUED) As at 31 March 2025
|  | 2025 |  | 2024
Note |  | £ |  | £
Capital and reserves |  |  |  |  |
Called up share capital |  |  | 22,000 |  | 22,000
Investment property reserve | 9 |  | 3,317,396 |  | 2,925,521
Other reserves | 9 |  | 9,607 |  | 9,607
Profit and loss account | 9 |  | 857,328 |  | 808,529
|  |  | 4,206,331 |  | 3,765,657
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 statement of income and retained earnings 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 by:
N. Walsh
Director
Date: 15 October 2025
The notes on pages 4 to 10 form part of these financial statements. Page 2
THE BRIGHTHOLME PROPERTY COMPANY LIMITED STATEMENT OF CHANGES IN EQUITY For the Year Ended 31 March 2025
| Called up share capital | Investment property revaluation reserve | Other unrealised reserves | Profit and loss account | Total equity
| £ | £ | £ | £ | £
At 1 April 2023 | 22,000 | 2,925,521 | 9,607 | 760,706 | 3,717,834
Comprehensive income for the year |  |  |  |  |
Profit for the year | - | - | - | 60,506 | 60,506
Dividends: Equity capital | - | - | - | (12,683) | (12,683)
At 1 April 2024 | 22,000 | 2,925,521 | 9,607 | 808,529 | 3,765,657
Comprehensive income for the year |  |  |  |  |
Profit for the year | - | - | - | 453,357 | 453,357
Dividends: Equity capital | - | - | - | (12,683) | (12,683)
Transfer (to) from profit and loss account | - | - | - | 130,625 | 130,625
Deferred tax provision on fair value movements | - | (130,625) | - | - | (130,625)
Movement in fair value of investment property | - | 522,500 | - | (522,500) | -
At 31 March 2025 | 22,000 | 3,317,396 | 9,607 | 857,328 | 4,206,331
| The notes on pages 4 to 10 form part of these financial statements.
Page 3
THE BRIGHTHOLME PROPERTY COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025
1. | General information
The company is a private company limited by shares, which is incorporated under the Companies Act 2006 and registered in England and Wales (no.00136173). The address of the registered office is Langtons, 11th Floor, The Plaza, 100 Old Hall Street, Liverpool, L3 9QJ. These financial statements present information about the company as an individual undertaking. The principal activity of the company is that of investment in property. 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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies. The following principal accounting policies have been applied:
| 2.2 | Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rental income is brought into account on a receivable basis. Outgoings are brought into account as incurred. Investment income includes the associated tax credit where applicable.
| 2.3 | Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Page 4
THE BRIGHTHOLME PROPERTY COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025 2.Accounting policies (continued)
| 2.3 | Tangible fixed assets (continued)
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis:
|  |  |  | Motor vehicles | - | 20% | straight line
|  |  |  | Fixtures and fittings | - |  | 10 years straight line
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
| 2.4 | Valuation of investments
Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.
| 2.5 | 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.
| 2.6 | Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
| 2.7 | 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.
| 2.8 | Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
| 2.9 | Interest income
Interest income is recognised in profit or loss using the effective interest method. Page 5
THE BRIGHTHOLME PROPERTY COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025 2.Accounting policies (continued)
| 2.10 | Provisions for liabilities
Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made. Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties. Increases in provisions are generally charged as an expense to profit or loss.
| 2.11 | Current and deferred taxation
The tax expense for the year comprises current and deferred tax. 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. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that: ∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and ∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3. | Employees
| The average monthly number of employees, including directors, during the year was 5 (2024 - 4).
Page 6
THE BRIGHTHOLME PROPERTY COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025
4. | TANGIBLE FIXED ASSETS
|  | Motor vehicles | Fixtures, fittings and equipment | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | - | 23,016 | 23,016
| Additions | 41,200 | 5,697 | 46,897
| At 31 March 2025 | 41,200 | 28,713 | 69,913
| Depreciation |  |  |
| At 1 April 2024 | - | 20,318 | 20,318
| Charge for the year on owned assets | 3,433 | 1,619 | 5,052
| At 31 March 2025 | 3,433 | 21,937 | 25,370
| Net book value |  |  |
| At 31 March 2025 | 37,767 | 6,776 | 44,543
| At 31 March 2024 | - | 2,698 | 2,698
5. | Fixed asset investments
|  | Listed investments | Investment Property | Total
|  | £ | £ | £
| Cost or valuation |  |  |
| At 1 April 2024 | 147,333 | 4,389,000 | 4,536,333
| Additions | 4,122 | - | 4,122
| Disposals | (1,272) | - | (1,272)
| Revaluations | (775) | 522,500 | 521,725
| At 31 March 2025 | 149,408 | 4,911,500 | 5,060,908
| The investment properties were valued by the directors at the balance sheet date. Listed investments are valued at the year end quoted price.
Page 7
THE BRIGHTHOLME PROPERTY COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025
6. | Cash and cash equivalents
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Cash at bank and in hand | 156,961 | 178,057
|  | 156,961 | 178,057
7. | Creditors: Amounts falling due within one year
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Corporation tax | 6,434 | 11,746
| Other taxation and social security | 7,667 | 8,154
| Other creditors | - | 7,300
| Accruals and deferred income | 85,476 | 108,500
|  | 99,577 | 135,700
Page 8
THE BRIGHTHOLME PROPERTY COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025
8. | Deferred taxation
|  | 2025 | 2024
|  | £ | £
| At beginning of year | (815,738) | (815,428)
| Charged to profit or loss | (140,973) | (310)
| At end of year | (956,711) | (815,738)
| The provision for deferred taxation is made up as follows:
|  |  |  |  | 2025 | 2024
|  |  |  |  | £ | £
| Accelerated capital allowances | (11,136) | (675)
| Short term timing differences | (136) | (249)
| Deferred tax provision on revalued investments | (945,439) | (814,814)
|  | (956,711) | (815,738)
| The deferred tax provision relates wholly to the revaluation surplus on the company's investment assets and as such will only reverse on the disposal of the investments.
9. | Reserves
Investment property revaluation reserve The investment property revaluation reserve arises when a revaluation finds the current and probable future value of the asset is higher than the recorded historic cost of the same asset, net of a provision for the estimated tax payable on realisation of the investment (deferred taxation). Other reserves The realised revaluation reserve represents accumulated profits arising on the disposal of investment properties. Profit & loss account The profit and loss account represents total accumulated profits to date less dividends paid. Page 9
THE BRIGHTHOLME PROPERTY COMPANY LIMITED NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 March 2025
10. | Related party transactions
|  | 2025 | 2024
|  | £ | £
| Loans to/(from) directors | 200 | (7,300)
|  | 200 | (7,300)
11. | Controlling party
On 23 June 2021 the company became a wholly owned subsidiary of Brightholme Property Holdings Limited (Company Number 13262041), whose registered office is situated at Langtons, 11th Floor, The Plaza, 100 Old Hall Street, Liverpool L3 9QJ. The parent company does not prepare consolidated financial statements. Brightholme Property Holdings Limited is controlled by its directors
Page 10