Company No: 15403826 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025
		£
Fixed assets
Investment property	3	15,787,525
		15,787,525
Current assets
Debtors	4	503,653
Cash at bank and in hand		201,898
		705,551
Creditors: amounts falling due within one year	5	( 9,982,529)
Net current liabilities		(9,276,978)
Total assets less current liabilities		6,510,547
Creditors: amounts falling due after more than one year	6	( 7,062,500)
Net liabilities		( 551,953)
Capital and reserves
Called-up share capital		1
Profit and loss account		( 551,954 )
Total shareholders' deficit		( 551,953)

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

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Bryden Properties (NO.55) Ltd (registered number: 15403826) were approved and authorised for issue by the Director on 14 October 2025. They were signed on its behalf by:

C Hall Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.

General information and basis of accounting

Bryden Properties (NO.55) Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Bryden House Boundary Industrial Estate, Millfield Road, Bolton, BL2 6QY, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director notes that the business has net liabilities of £551,953. The Company is supported through loans from a group company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the group company will continue to support the Company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Reporting period length

The company was incorporated on 10 January 2024. The director presents this annual report and the unaudited financial statements of the Company for the 15 month period ended 31 March 2025.

Turnover

Revenue represents the fair value of consideration received or receivable from the rental of property in the ordinary course of business.

Rental income is recognised on a straight-line basis over the term of the rental agreement. Any rent received in advance is recognised as deferred income within creditors.

Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so 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.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Leases

The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	Period from 10.01.2024 to 31.03.2025
	Number
The company had no employees other than the directors, who did not receive any remuneration.	0

3. Investment property

	Investment property
	£
Valuation
As at 10 January 2024	0
Additions	15,787,525
As at 31 March 2025	15,787,525

The director considers the cost of investment property purchased during the period to be its market value and has not subsequently performed a revaluation at the period end.

4. Debtors

	31.03.2025
	£
Trade debtors	121,210
Prepayments and accrued income	50,201
Other debtors	332,242
	503,653

5. Creditors: amounts falling due within one year

	31.03.2025
	£
Bank loans (secured)	250,000
Trade creditors	86,304
Amounts owed to Group undertakings	8,856,883
Accruals and deferred income	417,744
Other taxation and social security	45,740
Other creditors	325,858
	9,982,529

Bank loans are secured by a fixed charge over the investment property held by the company.

Amounts owed to Group undertakings are repayable on demand and are charged interest at commercial rates.

6. Creditors: amounts falling due after more than one year

	31.03.2025
	£
Bank loans (secured)	7,062,500

Bank loans are secured by a fixed charge over the investment property held by the company.

Bank loans are to be cleared by a final bullet repayment in April 2027. As such none are repayable after more than 5 years.

7. Ultimate controlling party

Parent Company:

Bryden Properties (No.55) TopCo Ltd

Bryden House Boundary Industrial Estate, Millfield Road, Bolton, United Kingdom, BL2 6QY

The ultimate controlling parties are Brian Hall and Denise Hall.