Company registration number 04580031 (England and Wales)
BRERETON PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
PAGES FOR FILING WITH REGISTRAR
BRERETON PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BRERETON PROPERTIES LIMITED
BALANCE SHEET
AS AT
30 SEPTEMBER 2025
30 September 2025
- 1 -
2025
2024
Notes
£
£
£
£
Current assets
Stocks
1,020,921
755,804
Debtors - deferred tax
177,340
156,122
Debtors - other
3
136,982
10,790
Cash at bank and in hand
218,542
229
1,553,785
922,945
Creditors: amounts falling due within one year
4
(1,849,744)
(1,155,251)
Net current liabilities
(295,959)
(232,306)
Capital and reserves
Called up share capital
200
200
Profit and loss reserves
(296,159)
(232,506)
Total equity
(295,959)
(232,306)

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 18 December 2025 and are signed on its behalf by:
Mr B R Brereton
Director
Company Registration No. 04580031
BRERETON PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 2 -
1
Accounting policies
Company information

Brereton Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2, Tor Works, Glastonbury, Somerset, BA6 8LE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value

1.2
Going concern

These financial statements are prepared on the going concern basis. With the continued support of the director, there is a reasonable expectation that the company will continue in operational existence for the foreseeable future.

1.3
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

BRERETON PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares 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 paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

1.8
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

BRERETON PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2025
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
134,060
10,790
Prepayments and accrued income
2,922
-
0
136,982
10,790
2025
2024
Amounts falling due after more than one year:
£
£
Deferred tax asset (note )
177,340
156,122
Total debtors
314,322
166,912
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
130,126
19,640
Taxation and social security
569
-
0
Other creditors
1,717,449
1,134,011
Accruals and deferred income
1,600
1,600
1,849,744
1,155,251
5
Related party transactions
Transactions with related parties

Included within other creditors is a balance of £517,911 (2024: £475,265) due to a company in which the director is a director of. This loan is interest free and repayable on demand.

6
Directors' transactions

Included within other creditors is an amount owed to the directors totalling £209,060 (2024: £655,866). This balance has no fixed terms of repayment and interest has not been charged.

2025-09-30 2024-10-01 false false false 18 December 2025 CCH Software CCH Accounts Production 2025.300 No description of principal activity Mr Barry Robin Brereton Mr B Priday Ms M Dixon 04580031 2024-10-01 2025-09-30 04580031 2025-09-30 04580031 2024-09-30 04580031 core:Non-currentFinancialInstruments 2025-09-30 04580031 core:Non-currentFinancialInstruments 2024-09-30 04580031 core:CurrentFinancialInstruments core:WithinOneYear 2025-09-30 04580031 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 04580031 core:CurrentFinancialInstruments 2025-09-30 04580031 core:CurrentFinancialInstruments 2024-09-30 04580031 core:ShareCapital 2025-09-30 04580031 core:ShareCapital 2024-09-30 04580031 core:RetainedEarningsAccumulatedLosses 2025-09-30 04580031 core:RetainedEarningsAccumulatedLosses 2024-09-30 04580031 bus:Director1 2024-10-01 2025-09-30 04580031 2023-10-01 2024-09-30 04580031 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 04580031 bus:FRS102 2024-10-01 2025-09-30 04580031 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 04580031 bus:Director2 2024-10-01 2025-09-30 04580031 bus:CompanySecretary1 2024-10-01 2025-09-30 04580031 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 04580031 bus:FullAccounts 2024-10-01 2025-09-30 xbrli:pure xbrli:shares iso4217:GBP