REGISTERED NUMBER: 06585042 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

Brelades (Midlands) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L A Holder

S J Holder

REGISTERED OFFICE:

The Old Piggery

Forest Road

Huncote

Leicester

Leicestershire

LE9 3LE

REGISTERED NUMBER:

06585042 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Investment property

4

3,265,000

3,265,000

CURRENT ASSETS

Debtors

5

62,204

42,423

Cash at bank

301,488

9,079

363,692

51,502

CREDITORS

Amounts falling due within one year

6

(520,298

)

(196,100

)

NET CURRENT LIABILITIES

(156,606

)

(144,598

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,108,394

3,120,402

CREDITORS

Amounts falling due after more than one year

7

(1,776,438

)

(1,786,438

)

PROVISIONS FOR LIABILITIES

(323,750

)

(323,750

)

NET ASSETS

1,008,206

1,010,214

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

971,250

971,250

Retained earnings

36,856

38,864

SHAREHOLDERS' FUNDS

1,008,206

1,010,214

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 September 2025 and were signed on its behalf by:

L A Holder - Director

1.	STATUTORY INFORMATION

Brelades (Midlands) Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Going Concern

The financial statements have been prepared on the going concern basis which assumes the company will continue to trade. This depends on the ability of the directors to maintain the necessary financial support.

Investment property

Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 March 2024

and 28 February 2025

3,265,000

NET BOOK VALUE

At 28 February 2025

3,265,000

At 29 February 2024

3,265,000

The valuation of the investment property has been completed by the directors and is based on rental yield.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Other debtors

62,204

42,423

Other debtors include prepayments and accrued income of £2,185 (2024: £2,404).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans and overdrafts

10,000

10,000

Taxation and social security

22,911

18,640

Other creditors

487,387

167,460

520,298

196,100

Other creditors includes accruals and deferred income of £1,650 (2024: £2,600).

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

28.2.25

29.2.24

£

£

Bank loans

2,500

12,500

Other creditors

1,773,938

1,773,938

1,776,438

1,786,438

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Other loans over 5 years

1,773,938

1,773,938

8.	SECURED DEBTS

The following secured debts are included within creditors:

28.2.25

29.2.24

£

£

Other loans

1,773,938

1,773,938

The other loans are secured by way of a fixed charge on the investment properties.