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Registration number: 02800923

B R K Housing Initiative Limited
Unaudited Filleted Financial Statements
for the Year Ended 31 March 2025

B R K Housing Initiative Limited

Contents

Company Information | 1
Balance Sheet | 2
Statement of Changes in Equity | 3
Notes to the Unaudited Financial Statements | 4 to 8

B R K Housing Initiative Limited

Company Information

Directors | Mr B Cooper Mr D I Gregory

Company secretary | Mr B Cooper

Registered office | 320 Garratt Lane London SW18 4EJ

Accountants | Franklin, Chartered Accountants 320 Garratt Lane London SW18 4EJ

B R K Housing Initiative Limited

(Registration number: 02800923)
Balance Sheet as at 31 March 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 850,000 | 135,693
Current assets |  |  |
Debtors | 5 | 190,591 | 190,591
Cash at bank and in hand |  | 377 | 1,225
|  | 190,968 | 191,816
Creditors: Amounts falling due within one year | 6 | (26,152) | (15,402)
Net current assets |  | 164,816 | 176,414
Total assets less current liabilities |  | 1,014,816 | 312,107
Creditors: Amounts falling due after more than one year | 6 | (273,979) | (273,979)
Net assets |  | 740,837 | 38,128
Capital and reserves |  |  |
Called up share capital | 7 | 20,000 | 20,000
Revaluation reserve |  | 714,307 | -
Retained earnings |  | 6,530 | 18,128
Shareholders' funds |  | 740,837 | 38,128

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 October 2025 and signed on its behalf by:

......................................... Mr B Cooper Company secretary and director

B R K Housing Initiative Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

| Share capital £ | Revaluation reserve £ | Retained earnings £ | Total £
At 1 April 2024 | 20,000 | - | 18,128 | 38,128
Loss for the year | - | - | (11,598) | (11,598)
Other comprehensive income | - | 714,307 | - | 714,307
Total comprehensive income | - | 714,307 | (11,598) | 702,709
At 31 March 2025 | 20,000 | 714,307 | 6,530 | 740,837

| Share capital £ | Retained earnings £ | Total £
At 1 April 2023 | 20,000 | 26,895 | 46,895
Loss for the year | - | (8,767) | (8,767)
At 31 March 2024 | 20,000 | 18,128 | 38,128

B R K Housing Initiative Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
320 Garratt Lane
London
SW18 4EJ

These financial statements were authorised for issue by the Board on 10 October 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

B R K Housing Initiative Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

B R K Housing Initiative Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Financial instruments

Classification
The Company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.
Recognition and measurement
Financial instruments are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.
Impairment
Financial instruments are initially recognised at transaction price, 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.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2024 - 0).

4 | Investment properties

| 2025 £
At 1 April | 135,693
Fair value adjustments | 714,307
At 31 March | 850,000

There has been no valuation of investment property by an independent valuer.

B R K Housing Initiative Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5 | Debtors

Current | 2025 £ | 2024 £
Other debtors | 190,591 | 190,591
| 190,591 | 190,591

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Other creditors | 26,152 | 15,402

Creditors: amounts falling due after more than one year

| Note | 2025 £ | 2024 £
Due after one year |  |  |
Loans and borrowings | 9 | 273,979 | 273,979

Creditors include bank loans which are secured against Flat 7, 26 Grove Hill, London and Flat 14 Hermitage Court Woodford Road London of £273,979 (2024 - £273,979).

7 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 20,000 | 20,000 | 20,000 | 20,000

8 | Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

| Revaluation reserve £ | Total £
Surplus/deficit on property, plant and equipment revaluation | 714,307 | 714,307

B R K Housing Initiative Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9 | Loans and borrowings

Non-current loans and borrowings

| 2025 £ | 2024 £
Bank borrowings | 273,979 | 273,979

10 | Financial commitments, guarantees and contingencies

Amounts disclosed in the balance sheet

Included in the balance sheet are financial commitments of £273,979 (2024 - £273,979). These are secured against Flat 7, 26 Grove Hill, London and Flat 14, Hermitage Court, Woodford Road, London.