Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Directors

The directors shown below have held office during the whole of the period from
1 April 2024 to 31 March 2025

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
18 September 2025

And signed on behalf of the board by:
Name: Anna Klimczak
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2025

Balance sheet

As at 31 March 2025

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2025 the company was entitled to exemption 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Turnover is comprised of Feed in Tariff and Export Tariffs generated from the operation of the company’s PV panels. The Feed in Tariff is a fixed fee paid by the government for each unit of electricity produced by the company’s PV panels. Export Tariffs are received from utilities companies when the electricity generated from the company’s PV panels is exported to the National Grid. Both the Feed in Tariff and the Export Tariff are accounted for on a receivable basis and turnover is recognised when the electricity is generated. All turnover arises in the UK.

  Tangible fixed assets depreciation policy

  Property, Plant and Equipment (PPE) and Depreciation PPE are stated at historic cost less accumulated depreciation. Cost includes the purchase price of the asset plus any costs required to bring the asset into use. Subsequent expenditure is capitalised only where it enhances the value of the asset or increases its useful life. Depreciation is charged on a straight line basis over the useful economic lives of the assets: Asset category Useful economic life/depreciation rate Photo-voltaic panels 25 years/4% per annum

  Other accounting policies

  **Basis of Accounting** The financial statements are prepared under the historical cost convention, as modified to include certain items at fair value, in accordance with Financial Reporting Standard 102 (FRS 102) issued by the Financial Reporting Council, the Companies Act 2006. Bristol Living Limited is a private company limited by shares in England and Wales in the United Kingdom, registered number 06258558. **Disclosure exemptions** The Company's ultimate parent undertaking, Brighter Places, includes the Company in its consolidated financial statements. The consolidated financial statements of Brighter Places are prepared in accordance with FRS 102 and are available to the public and may be obtained from Eden House, 10 Eastgate Park, Eastgate Road, Bristol, BS5 6XX. In these financial statements, the Company is considered to be a qualifying entity (for the purposes of this FRS) and has applied the exemptions available under FRS 102 in respect of the following disclosures: - Reconciliation of the number of shares outstanding from the beginning to end of the period - Cash Flow Statement and related notes - Key Management Personnel compensation - Transactions or balances with entities which form part of the Group - The disclosures required by FRS 102.11 Basic Financial Instruments and FRS 102.12 Other Financial Instrument Issues in respect of financial instruments not falling within the fair value accounting rules of Paragraph 36(4) of Schedule 1 **Going Concern** The Board has a reasonable expectation that the organisation has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing these financial statements. **Expenditure** Cost of sales represents the depreciation charge on the company's assets. Administrative expenses include the costs of setting up the company's trading activities, bank fees, and the staff costs paid to BP under the service level agreement for finance, legal and tax services. All expenditure is accounted for on an accruals basis. **Restatement** The prior year treatment of gift aid donations by the company to its charitable parent has been updated and reclassified as an equity distribution to ensure that it is accounted for in line with FRS 102. The impact of this restatement was an increase in the profit previously reported for the year ended 31 March 2024 by £91k to £91k and an equal and opposite distribution recorded within the Statement of Changes of Equity. The net impact of this restatement on net assets as at 31 March 2024 is £nil. **Cash and cash equivalents** Cash and cash equivalents comprise cash in hand and demand deposits, together with other short term, highly liquid investments that are readily convertible into known amounts of cash and are subject to an insignificant risk of change in value.

Notes to the Financial Statements

for the Period Ended 31 March 2025

• 2. Employees

  	2025	2024
  Average number of employees during the period	0	0

  The Company had no employees in the year (2024 no employees). All the Company’s activities are undertaken by employees of the parent undertaking, Brighter Places. The Company is recharged for the costs of their time, but their time did not represent 1 full time equivalent FTE. The total recharge in the year ended 31st March 2025 was £6,777 (2023: £6,777).