Brymbo Property Co Ltd Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14819243

Brymbo Property Co Ltd

Filleted Financial Statements

31 March 2025

Brymbo Property Co Ltd

Statement of Financial Position

31 March 2025

	31 Mar 25	30 Sep 24
Note	£	£

Fixed assets

Intangible assets	4	–	15,000
Tangible assets	5	5,313	–
		-------	--------
		5,313	15,000

Current assets

Debtors	6	1,063	174
Cash at bank and in hand		2,742	2,667
		-------	-------
		3,805	2,841

Creditors: amounts falling due within one year	7	28,743	20,867
		--------	--------
Net current liabilities		24,938	18,026
		--------	--------
Total assets less current liabilities		( 19,625)	( 3,026)
		--------	-------
Net liabilities		( 19,625)	( 3,026)
		--------	-------

Capital and reserves

Called up share capital	8	1,000	1,000
Profit and loss account		( 20,625)	( 4,026)
		--------	-------
Shareholders deficit		( 19,625)	( 3,026)
		--------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

These financial statements were approved by the board of directors and authorised for issue on 8 December 2025 , and are signed on behalf of the board by:

D Mullinder

Director

Company registration number: 14819243

Brymbo Property Co Ltd

Notes to the Financial Statements

Period from 1 October 2024 to 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Fernhill Estate Office Fernhill Road, Sutton, Newport, Shropshire, TF10 8DJ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity. The financial statements have been rounded to the nearest £1.

Going concern

The company has a deficit in its balance sheet however the majority of its creditors are due to its parent company who will not be calling upon this debt unless the company has the funds to do so, therefore the directors believe the going concern basis is still appropriate.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Intangible assets

	Other intangible assets
	£
Cost
At 1 October 2024	15,000
Additions	–
Disposals	( 15,000)
	--------
At 31 March 2025	–
	--------
Amortisation
At 1 October 2024 and 31 March 2025	–
	--------
Carrying amount
At 31 March 2025	–
	--------
At 30 September 2024	15,000
	--------

5. Tangible assets

	Assets under construction
	£
Cost
At 1 October 2024	–
Additions	5,313
	-------
At 31 March 2025	5,313
	-------
Depreciation
At 1 October 2024 and 31 March 2025	–
	-------
Carrying amount
At 31 March 2025	5,313
	-------
At 30 September 2024	–
	-------

6. Debtors

	31 Mar 25	30 Sep 24
	£	£
Other debtors	1,063	174
	-------	----

7. Creditors: amounts falling due within one year

	31 Mar 25	30 Sep 24
	£	£
Trade creditors	6,376	–
Amounts owed to group undertakings and undertakings in which the company has a participating interest	20,000	–
Other creditors	2,367	20,867
	--------	--------
	28,743	20,867
	--------	--------

8. Called up share capital

Issued, called up and fully paid

	31 Mar 25		30 Sep 24
	No.	£	No.	£
Ordinary shares of £ 1 each	1,000	1,000	1,000	1,000
	-------	-------	-------	-------

9. Summary audit opinion

The auditor's report dated 8 December 2025 was unqualified .

The senior statutory auditor was Lyndsay Nicholson FCA , for and on behalf of Riverside Accountancy Lancaster Limited .

10. Related party transactions

Included within creditors are amounts due to connected parties of £20,000 (2024 - £20,000)

11. Controlling party

The immediate controlling party is Brymbo Developments Limited , The ultimate beneficial owner is Parkhill 2000 Limited. The ultimate controlling party is the C Cornes Discretionary Trust.