Company registration number 09479570 (England and Wales)
B8RE LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
B8RE LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 7
B8RE LTD
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Intangible assets
4
-
0
118,000
Tangible assets
5
44,411
47,347
44,411
165,347
Current assets
Debtors
6
1,701,955
1,436,589
Cash at bank and in hand
1,028,244
485,845
2,730,199
1,922,434
Creditors: amounts falling due within one year
7
(1,096,646)
(468,941)
Net current assets
1,633,553
1,453,493
Total assets less current liabilities
1,677,964
1,618,840
Capital and reserves
Called up share capital
100
100
Own shares held by EOT
(12,448,980)
(11,263,730)
Profit and loss reserves
14,126,844
12,882,470
Total equity
1,677,964
1,618,840

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

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

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

The financial statements were approved by the board of directors and authorised for issue on 13 November 2025 and are signed on its behalf by:
Mr S M Wood
Director
Company Registration No. 09479570
B8RE LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -
Share capital
Own shares held by EOT
Profit and loss reserves
Total
£
£
£
£
Balance at 1 April 2023
100
(11,258,730)
12,055,272
796,642
Year ended 31 March 2024:
Profit and total comprehensive income for the year
-
-
827,198
827,198
Own shares acquired
-
(5,000)
-
(5,000)
Balance at 31 March 2024
100
(11,263,730)
12,882,470
1,618,840
Year ended 31 March 2025:
Profit and total comprehensive income for the year
-
-
1,244,374
1,244,374
Own shares acquired by EOT
-
(1,185,250)
-
(1,185,250)
Balance at 31 March 2025
100
(12,448,980)
14,126,844
1,677,964
B8RE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information

B8RE Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1st Floor, Cloister House, Riverside, New Bailey Street, Manchester, M3 5FS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

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 financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for services net of VAT.

Fee recognition is recognised as earned when, and to the extent that, the firm obtains the right to consideration in exchange for its performance under these contracts. It is measured at the fair value of the right to consideration, which represents amounts chargeable to clients, including expenses and disbursements but excluding value added tax.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

1.3
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% straight line
Plant and equipment
15% straight line
Fixtures and fittings
15% straight line
Computers
15% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

B8RE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 4 -
1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

1.6
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 current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

B8RE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 5 -
1.9
Derivatives

Derivatives are initially recognised at fair value at the date a derivative contract is entered into and are subsequently remeasured to fair value at each reporting end date. The resulting gain or loss is recognised in profit or loss immediately unless the derivative is designated and effective as a hedging instrument, in which event the timing of the recognition in profit or loss depends on the nature of the hedge relationship.

A derivative with a positive fair value is recognised as a financial asset, whereas a derivative with a negative fair value is recognised as a financial liability.

1.10
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.11
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.13
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

B8RE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 6 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
11
11
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
1,180,000
Amortisation and impairment
At 1 April 2024
1,062,000
Amortisation charged for the year
118,000
At 31 March 2025
1,180,000
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
118,000
B8RE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
17,788
124,371
142,159
Additions
-
0
10,947
10,947
At 31 March 2025
17,788
135,318
153,106
Depreciation and impairment
At 1 April 2024
7,116
87,696
94,812
Depreciation charged in the year
1,779
12,104
13,883
At 31 March 2025
8,895
99,800
108,695
Carrying amount
At 31 March 2025
8,893
35,518
44,411
At 31 March 2024
10,672
36,675
47,347
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
1,277,912
856,909
Other debtors
424,043
579,680
1,701,955
1,436,589
7
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
27,840
29,571
Corporation tax
449,830
37,135
Other taxation and social security
302,143
225,149
Other creditors
316,833
177,086
1,096,646
468,941
2025-03-31 2024-04-01 false false false 13 November 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr S M Wood Mr S P Johnson Mr J M Thorne Mr J Burrows W Kenyon 09479570 2024-04-01 2025-03-31 09479570 2025-03-31 09479570 2024-03-31 09479570 core:NetGoodwill 2025-03-31 09479570 core:NetGoodwill 2024-03-31 09479570 core:LandBuildings 2025-03-31 09479570 core:OtherPropertyPlantEquipment 2025-03-31 09479570 core:LandBuildings 2024-03-31 09479570 core:OtherPropertyPlantEquipment 2024-03-31 09479570 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09479570 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09479570 core:CurrentFinancialInstruments 2025-03-31 09479570 core:CurrentFinancialInstruments 2024-03-31 09479570 core:ShareCapital 2025-03-31 09479570 core:ShareCapital 2024-03-31 09479570 core:OtherMiscellaneousReserve 2025-03-31 09479570 core:OtherMiscellaneousReserve 2024-03-31 09479570 core:RetainedEarningsAccumulatedLosses 2025-03-31 09479570 core:RetainedEarningsAccumulatedLosses 2024-03-31 09479570 core:ShareCapital 2023-03-31 09479570 core:OtherMiscellaneousReserve 2023-03-31 09479570 core:RetainedEarningsAccumulatedLosses 2023-03-31 09479570 2023-03-31 09479570 bus:Director1 2024-04-01 2025-03-31 09479570 core:RetainedEarningsAccumulatedLosses 2023-04-01 2024-03-31 09479570 2023-04-01 2024-03-31 09479570 core:RetainedEarningsAccumulatedLosses 2024-04-01 2025-03-31 09479570 2 2024-04-01 2025-03-31 09479570 core:Goodwill 2024-04-01 2025-03-31 09479570 core:LeaseholdImprovements 2024-04-01 2025-03-31 09479570 core:PlantMachinery 2024-04-01 2025-03-31 09479570 core:FurnitureFittings 2024-04-01 2025-03-31 09479570 core:ComputerEquipment 2024-04-01 2025-03-31 09479570 core:NetGoodwill 2024-03-31 09479570 core:NetGoodwill 2024-04-01 2025-03-31 09479570 core:LandBuildings 2024-03-31 09479570 core:OtherPropertyPlantEquipment 2024-03-31 09479570 2024-03-31 09479570 core:LandBuildings 2024-04-01 2025-03-31 09479570 core:OtherPropertyPlantEquipment 2024-04-01 2025-03-31 09479570 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09479570 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 09479570 bus:FRS102 2024-04-01 2025-03-31 09479570 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 09479570 bus:Director2 2024-04-01 2025-03-31 09479570 bus:Director3 2024-04-01 2025-03-31 09479570 bus:Director4 2024-04-01 2025-03-31 09479570 bus:Director5 2024-04-01 2025-03-31 09479570 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP