WALTER C. BRIGG LIMITED


Directors	BRIGG, June
	BRIGG, Richard John
	BRIGG, Roger Martin


Registered Address	Crag Side Dick Lane
	Cowling
	Keighley
	BD22 0JZ


Registered Number	00817754 (England and Wales)

Statement of Financial Position
30 September 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		13,327		18,658
Investment property	4		2,197,000		2,197,000
			2,210,327		2,215,658
Current assets
Debtors	6	-		1,724
Cash at bank and on hand		598,915		570,238
		598,915		571,962
Creditors amounts falling due within one year	7	(249,671)		(249,065)
Net current assets (liabilities)			349,244		322,897
Total assets less current liabilities			2,559,571		2,538,555
Provisions for liabilities	8		(3,000)		(4,000)
Net assets			2,556,571		2,534,555
Capital and reserves
Called up share capital			5,000		5,000
Revaluation reserve			741,849		741,849
Profit and loss account			1,809,722		1,787,706
Shareholders' funds	10		2,556,571		2,534,555

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 8 December 2025, and are signed on its behalf by:

BRIGG, Richard John
Director
Registered Company No. 00817754

WALTER C. BRIGG LIMITED

Notes to the Financial Statements
for the year ended 30 September 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Going concern
	The directors believe that the company has adequate resources to continue in operational existence for the foreseeable future. The company continues to have the support of the directors, shareholders and creditors and therefore continue to adopt the going concern basis of accounting in preparing the financial statements.

	Employee benefits
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Employee benefits

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in accruals in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Current taxation
	Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement

Depreciation is provided on all tangible fixed assets as follows:


		Straight line (years)
	Vehicles	5

	Investment property
	Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	3		3

3.	Tangible fixed assets

	Vehicles	Total
	£	£
Cost or valuation
At 01 October 24	26,655	26,655
At 30 September 25	26,655	26,655
Depreciation and impairment
At 01 October 24	7,997	7,997
Charge for year	5,331	5,331
At 30 September 25	13,328	13,328
Net book value
At 30 September 25	13,327	13,327
At 30 September 24	18,658	18,658

4.	Investment property
	The 2025 valuations were made by the directors, on an open market value for existing use basis. If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows: Historic Cost £1,455,000 (2024 - £1,455,000)


		£
	Fair value at 01 October 24	2,197,000
	At 30 September 25	2,197,000

5.	Revaluation of fixed asset investments
	Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the Statement of Financial Position date. Fair values are determined from market based evidence normally undertaken by professionally qualified valuers. Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

Revaluation of fixed asset investments

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the Statement of Financial Position date.

Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

6.	Debtors: amounts due within one year

	2025	2024
	£	£
Prepayments and accrued income	-	1,724
Total	-	1,724


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

7.	Creditors: amounts due within one year

	2025	2024
	£	£
Taxation and social security	44,864	45,357
Other creditors	187,598	186,498
Accrued liabilities and deferred income	17,209	17,210
Total	249,671	249,065


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	3,000	4,000
Total	3,000	4,000

9.	Pension commitments
	The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £10,000 (2024 - £10,000).

10.	Revaluation reserve
	The reserve arises on the revaluation of the company's freehold investment properties. Deferred tax is provided on the reserve at the applicable statement of financial position taxation rates.


		£
	Reserve at 01 October 24	741,849
	At 30 September 25	741,849

11.	Related party transactions
	Included within other creditors, amounts falling due within one year, are the following balances:- Mrs J Brigg £15,286 (2024 - £12,886), R M Brigg £54,192 (2024 - £51,208) and R J Brigg £112,120 (2024 - £116,404). These balances are interest free and repayable on demand. Included in the profit and loss account is £15,000 (2024 - £15,000) of rent paid to the directors for the company's use of property owned personally by the directors.

11.

Related party transactions

Included within other creditors, amounts falling due within one year, are the following balances:- Mrs J Brigg £15,286 (2024 - £12,886), R M Brigg £54,192 (2024 - £51,208) and R J Brigg £112,120 (2024 - £116,404). These balances are interest free and repayable on demand.
Included in the profit and loss account is £15,000 (2024 - £15,000) of rent paid to the directors for the company's use of property owned personally by the directors.