REGISTERED NUMBER: 12391990 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 April 2025

for

BUILDING FUTURES HOLDINGS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J Trigg

REGISTERED OFFICE:

The Mill Building

31 Chatsworth Road

Worthing

West Sussex

BN11 1LY

REGISTERED NUMBER:

12391990 (England and Wales)

ACCOUNTANTS:

Paddenburg & Co Limited

100 Church Street

Brighton

East Sussex

BN1 1UJ

FIXED ASSETS

Investment property

4

3,400,000

2,500,000

CURRENT ASSETS

Debtors: amounts falling due within one year

5

70,345

73,901

Cash at bank

17,416

800

87,761

74,701

CREDITORS

Amounts falling due within one year

6

183,314

155,862

NET CURRENT LIABILITIES

(95,553

)

(81,161

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,304,447

2,418,839

CREDITORS

Amounts falling due after more than one year

7

(1,615,683

)

(1,646,877

)

PROVISIONS FOR LIABILITIES

8

(396,212

)

(171,212

)

NET ASSETS

1,292,552

600,750

CAPITAL AND RESERVES

Called up share capital

1,500

1,500

Revaluation reserve

1,188,638

513,638

Retained earnings

102,414

85,612

1,292,552

600,750

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 December 2025 and were signed by:

J Trigg - Director

1.	STATUTORY INFORMATION

Building Futures Holdings Ltd 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.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 May 2024

2,500,000

Revaluations

900,000

At 30 April 2025

3,400,000

NET BOOK VALUE

At 30 April 2025

3,400,000

At 30 April 2024

2,500,000

Fair value at 30 April 2025 is represented by:

£

Valuation in 2024

684,850

Valuation in 2025

900,000

Cost

1,815,150

3,400,000

The investment property was valued on an open market basis on 30 April 2025 by the director .

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

68,901

72,901

Amounts owed by group undertakings

1,095

-

Amounts owed by participating interests

-

1,000

Prepayments

349

-

70,345

73,901

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

25,265

23,803

Trade creditors

-

392

Tax

15,075

13,002

VAT

89,286

67,977

Other creditors

51,188

48,188

Accrued expenses

2,500

2,500

183,314

155,862

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

26,813

25,265

Bank loans - 2-5 years

90,671

85,455

Bank loans more 5 yr by instal

998,549

1,030,582

Other creditors

499,650

505,575

1,615,683

1,646,877

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

998,549

1,030,582

8.	PROVISIONS FOR LIABILITIES

2025

2024

£

£

Deferred tax

396,212

171,212

Deferred

tax

£

Balance at 1 May 2024

171,212

Provided during year

225,000

Balance at 30 April 2025

396,212

9.	RELATED PARTY DISCLOSURES

In the year, the company was in receipt of rental income totalling £120,000 (2024: £120,000) from Freedom Works Ltd.

J Trigg is a director and a majority shareholder of Freedom Works Ltd.

Both companies traded on normal commercial terms.

10.	ULTIMATE CONTROLLING PARTY

During the year under review, the company has cancelled 1,095 of its existing Ordinary A shares. Immediately thereafter, a share-for-share exchange took place between Building Futures Holdings Ltd and Building Future Investments Ltd.

As a result, J Trigg remains the ultimate controlling party, by virtue of his control over Building Future Investments Ltd, the ultimate parent company of Building Futures Holdings Ltd.