REGISTERED NUMBER: 04157906 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

BRISBANE HOUSE LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

M E O'Donnell

J C Beever

J A Wild

Secretary:

M E O'Donnell

Registered office:

Springfield House

Water Lane

Wilmslow

Cheshire

SK9 5BG

Registered number:

04157906 (England and Wales)

Auditors:

S&W Audit

Northern Assurance Buildings

9-21 Princess Street

Manchester

M2 4DN

Fixed assets

Tangible assets

5

785

1,064

Investment property

6

45,517,500

44,617,500

45,518,285

44,618,564

Current assets

Debtors

7

292,496

129,315

Cash at bank

4,041,367

3,365,288

4,333,863

3,494,603

Creditors

Amounts falling due within one year

8

10,239,567

9,945,290

Net current liabilities

(5,905,704

)

(6,450,687

)

Total assets less current liabilities

39,612,581

38,167,877

Creditors

Amounts falling due after more than one year

9

(2,295,865

)

(2,707,790

)

Provisions for liabilities

(4,784,000

)

(4,558,000

)

Net assets

32,532,716

30,902,087

Capital and reserves

Called up share capital

11

1,000

1,000

Revaluation reserve

12

16,306,692

15,617,582

Retained earnings

16,225,024

15,283,505

Shareholders' funds

32,532,716

30,902,087

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 5 December 2025 and were signed on its behalf by:

M E O'Donnell - Director

1.	Statutory information

Brisbane House Limited 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.	Statement of compliance

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.

3.	Accounting policies

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The balance sheet shows that the company has net current liabilities but overall net assets at the year end. The company is dependent on the support of its parent company and that company has confirmed it will provide any necessary support.

The directors consider it appropriate to prepare the financial statements on the going concern basis.

Significant accounting estimates

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future event that are believed to be reasonable under the circumstances.

There are not considered to be any critical judgements in applying the company's accounting policies.

The company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results.

Property valuation

The fair value assessment of the investment properties is deemed to be the only significant accounting estimate which has a risk of causing a material adjustment within the next financial year. The properties were valued on an open market basis by the directors at the year end. The directors consider the market data available, the condition of the properties and rental yields when assessing the fair value of the properties.

Turnover

Turnover represents rents receivable and related fees for the period, net of value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% straight line

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market value is charged or credited to the profit and loss account as other operating income.

Although this accounting policy is in accordance with FRS 102 Section 1A it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

Financial instruments

The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors and cash and bank balances, 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.

There are no assets which are initially measured at fair value.

(ii) Financial liabilities

Basic financial liabilities, including trade and other creditors, bank loans, loans from fellow group companies 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.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

4.	Employees and directors

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

5.	Tangible fixed assets

Plant and

machinery

£

Cost

At 1 April 2024

and 31 March 2025

160,884

Depreciation

At 1 April 2024

159,820

Charge for year

279

At 31 March 2025

160,099

Net book value

At 31 March 2025

785

At 31 March 2024

1,064

6.	Investment property

Total

£

Fair value

At 1 April 2024

44,617,500

Revaluations

900,000

At 31 March 2025

45,517,500

Net book value

At 31 March 2025

45,517,500

At 31 March 2024

44,617,500

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

21,090,691

Cost

24,426,809

45,517,500

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

24,426,809

24,426,809

Investment properties were valued on an open market basis on 31 March 2025 by the directors .

7.

Debtors: amounts falling due within one year

2025

2024

£

£

Trade debtors

168,740

123,633

Other debtors

123,756

5,682

292,496

129,315

8.

Creditors: amounts falling due within one year

2025

2024

£

£

Bank loans and overdrafts

136,795

1,484,335

Trade creditors

653,554

717,778

Amounts owed to group undertakings

9,390,783

7,636,679

Taxation and social security

-

52,013

Other creditors

58,435

54,485

10,239,567

9,945,290

9.

Creditors: amounts falling due after more than one year

2025

2024

£

£

Bank loans

1,881,179

2,362,362

Trade creditors

414,686

345,428

2,295,865

2,707,790

Amounts falling due in more than five years:

Repayable by instalments

Bank loans - > 5 years

8,630

135,757

10.	Secured debts

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

2,017,974

3,846,697

The bank loans are secured by first legal charges over the properties to which the loans relate and a fixed and floating charge over the company's assets. There are two bank loans with one repayable in 13 quarterly instalments and one in 74 monthly instalments with the remaining balances repayable in April 2028 and June 2031. Interest is charged at 2.5% and 2.75% over base rate.

11.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

12.

Reserves

Revaluation

reserve

£

At 1 April 2024

15,617,582

Fair value adjustment less deferred tax

689,110

At 31 March 2025

16,306,692

13.	Disclosure under Section 444(5B) of the Companies Act 2006

The Report of the Auditors was unqualified.

Antony Sassen (Senior Statutory Auditor)

for and on behalf of S&W Audit

14.	Related party disclosures

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 Section 1A. 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

15.	Ultimate controlling party

The Company is a wholly owned subsidiary of Dean Property Group Limited, which is controlled by M E O'Donnell.

The smallest and largest group in which the results of the Company are consolidated is that headed by Dean Property Group Limited, incorporated in England. Copies of Dean Property Group Limited's financial statements are available from its registered office at Springfield House, Water Lane, Wilmslow, Cheshire SK9 5BG.