IRIS Accounts Production v25.4.0.155 00920408 Board of Directors Board of Directors 1.7.24 30.6.25 30.6.25 false true false false true false Ordinary Shares 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 00920408 2024-06-30 00920408 2025-06-30 00920408 2024-07-01 2025-06-30 00920408 2023-06-30 00920408 2023-07-01 2024-06-30 00920408 2024-06-30 00920408 ns15:EnglandWales 2024-07-01 2025-06-30 00920408 ns14:PoundSterling 2024-07-01 2025-06-30 00920408 ns10:Director1 2024-07-01 2025-06-30 00920408 ns10:Director2 2024-07-01 2025-06-30 00920408 ns10:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 00920408 ns10:SmallEntities 2024-07-01 2025-06-30 00920408 ns10:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 00920408 ns10:SmallCompaniesRegimeForDirectorsReport 2024-07-01 2025-06-30 00920408 ns10:SmallCompaniesRegimeForAccounts 2024-07-01 2025-06-30 00920408 ns10:FullAccounts 2024-07-01 2025-06-30 00920408 ns10:OrdinaryShareClass1 2024-07-01 2025-06-30 00920408 ns10:RegisteredOffice 2024-07-01 2025-06-30 00920408 ns5:CurrentFinancialInstruments 2025-06-30 00920408 ns5:CurrentFinancialInstruments 2024-06-30 00920408 ns5:Non-currentFinancialInstruments 2025-06-30 00920408 ns5:Non-currentFinancialInstruments 2024-06-30 00920408 ns5:ShareCapital 2025-06-30 00920408 ns5:ShareCapital 2024-06-30 00920408 ns5:FurtherSpecificReserve3ComponentTotalEquity 2025-06-30 00920408 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-06-30 00920408 ns5:RetainedEarningsAccumulatedLosses 2025-06-30 00920408 ns5:RetainedEarningsAccumulatedLosses 2024-06-30 00920408 ns5:PlantMachinery 2024-07-01 2025-06-30 00920408 ns5:LandBuildings 2024-06-30 00920408 ns5:PlantMachinery 2024-06-30 00920408 ns5:LandBuildings 2024-07-01 2025-06-30 00920408 ns5:LandBuildings 2025-06-30 00920408 ns5:PlantMachinery 2025-06-30 00920408 ns5:LandBuildings 2024-06-30 00920408 ns5:PlantMachinery 2024-06-30 00920408 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-06-30 00920408 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2025-06-30 00920408 ns5:LeasedAssetsHeldAsLessee ns5:PlantMachinery 2024-06-30 00920408 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-06-30 00920408 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-06-30 00920408 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2025-06-30 00920408 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-06-30 00920408 ns10:OrdinaryShareClass1 2025-06-30 00920408 ns5:FurtherSpecificReserve3ComponentTotalEquity 2024-06-30

REGISTERED NUMBER: 00920408 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2025

for

BPS Properties Ltd.

| BPS Properties Ltd. (Registered number: 00920408) |

Contents of the Financial Statements

for the Year Ended 30 June 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| BPS Properties Ltd. |

Company Information

for the Year Ended 30 June 2025

| DIRECTORS: | P K Branston

| Dr R C Branston

| REGISTERED OFFICE: | 19 Warren Park Way

| Enderby

| Leicester

| LE19 4SA

| REGISTERED NUMBER: | 00920408 (England and Wales)

| ACCOUNTANTS: | Carter & Co

| 19 Warren Park Way

| Enderby

| Leicester

| LE19 4SA

| BPS Properties Ltd. (Registered number: 00920408) |

Balance Sheet

30 June 2025

| 30.6.25 | 30.6.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 4,210,440 |  | 4,093,402 |  |

CURRENT ASSETS

Debtors | 5 | 1,547,307 |  | 1,608,068 |  |

Cash at bank | 109,745 |  | 52,474 |  |

1,657,052 |  | 1,660,542 |  |

CREDITORS

Amounts falling due within one year | 6 | 135,009 |  | 123,221 |  |

NET CURRENT ASSETS | 1,522,043 |  | 1,537,321 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 5,732,483 |  | 5,630,723 |  |

CREDITORS

Amounts falling due after more than one year | 7 | (1,412,254 | ) | (1,451,650 | ) |

PROVISIONS FOR LIABILITIES | (462,088 | ) | (56,207 | ) |

NET ASSETS | 3,858,141 |  | 4,122,866 |  |

CAPITAL AND RESERVES

Called up share capital | 8 | 45,502 |  | 45,502 |  |

Fair value reserve | 9 | 2,283,635 |  | 2,626,513 |  |

Retained earnings | 1,529,004 |  | 1,450,851 |  |

SHAREHOLDERS' FUNDS | 3,858,141 |  | 4,122,866 |  |

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

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

The directors acknowledge their 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.

| BPS Properties Ltd. (Registered number: 00920408) |

Balance Sheet - continued

30 June 2025

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 Board of Directors and authorised for issue on 12 December 2025 and were signed on its behalf by:

P K Branston - Director

Dr R C Branston - Director

| BPS Properties Ltd. (Registered number: 00920408) |

Notes to the Financial Statements

for the Year Ended 30 June 2025

1. | STATUTORY INFORMATION

| BPS Properties 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery etc | - | 25% on reducing balance

| 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.

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| Employee ownership trust

| In accordance with UITF abstract 32 "Employee Benefit Trusts and other intermediate payment arrangements" the company does not include the asset and liabilities of the Trust on its balance sheet to the extent that it will not retain any economic benefit from the assets of the Trust and will not have any control of the rights or other access to those present economic benefits.

| Investment properties

| Investment properties are shown at their open market value. The surplus of deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

| This is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) Which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held or their investment potential and not for use by the company and so their current value is of prime importance. The departure from the Provisions of the Act is required in order to give a true and fair view.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2024 - 2 ) .

| BPS Properties Ltd. (Registered number: 00920408) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

4. | TANGIBLE FIXED ASSETS

| Plant and |

| Land and |  | machinery |

| buildings |  | etc |  | Totals

£ | £ | £ |

| COST OR VALUATION

| At 1 July 2024 | 3,925,000 |  | 560,330 |  | 4,485,330 |  |

| Additions | - |  | 4,442 |  | 4,442 |  |

| Revaluations | 155,000 |  | - |  | 155,000 |  |

| At 30 June 2025 | 4,080,000 |  | 564,772 |  | 4,644,772 |  |

| DEPRECIATION

| At 1 July 2024 | - |  | 391,928 |  | 391,928 |  |

| Charge for year | - |  | 42,404 |  | 42,404 |  |

| At 30 June 2025 | - |  | 434,332 |  | 434,332 |  |

| NET BOOK VALUE

| At 30 June 2025 | 4,080,000 |  | 130,440 |  | 4,210,440 |  |

| At 30 June 2024 | 3,925,000 |  | 168,402 |  | 4,093,402 |  |

| The investment properties were valued on an open market basis on 1st September 2025 by Fisher German Chartered Surveyors. In the directors opinion the valuation continues to represent the market value at the balance sheet date.

| Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 July 2024 | 22,915 |  |

| Transfer to ownership | (22,915 | ) |

| At 30 June 2025 | - |  |

| DEPRECIATION

| At 1 July 2024 | 16,570 |  |

| Transfer to ownership | (16,570 | ) |

| At 30 June 2025 | - |  |

| NET BOOK VALUE

| At 30 June 2025 | - |  |

| At 30 June 2024 | 6,345 |  |

| BPS Properties Ltd. (Registered number: 00920408) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Trade debtors | 54,288 |  | 49,836 |  |

| Other debtors | 1,493,019 |  | 1,558,232 |  |

1,547,307 |  | 1,608,068 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans and overdrafts | 39,396 |  | 39,396 |  |

| Trade creditors | 4,052 |  | 902 |  |

| VAT | 11,244 |  | 9,775 |  |

| Other creditors | 27,149 |  | 29,228 |  |

| Directors' current accounts | 14,538 |  | 9,029 |  |

| Accrued expenses | 38,630 |  | 34,891 |  |

135,009 |  | 123,221 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.6.25 |  | 30.6.24

£ | £ |

| Bank loans - 2-5 years | 1,412,254 |  | 1,451,650 |  |

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 30.6.25 |  | 30.6.24

| value: | £ | £ |

| 45,502 | Ordinary Shares | £1.00 | 45,502 |  | 45,502 |  |

9. | RESERVES

| Fair

| value

| reserve

£ |

| At 1 July 2024 | 2,626,513 |  |

| Transfer to profit and loss | (342,878 | ) |

| At 30 June 2025 | 2,283,635 |  |

10. | ULTIMATE CONTROLLING PARTY

| The company is under control on the B P S Properties Limited Employee Ownership Trust by virtue of its majority shareholding.

| BPS Properties Ltd. (Registered number: 00920408) |

Notes to the Financial Statements - continued

for the Year Ended 30 June 2025

11. | EMPLOYEE OWNERSHIP TRUST

| The B P S Properties Limited Employee Ownership Trust allows the employees of the Company, from time to time, share the ownership of the Company.

| Subsequently certain shareholders gifted ordinary shares in the company to the Trust in order to create a pool of assets to allow the employees of the Company, from time to time, to share in the ownership of the Company, as follows:

| A Branston - 4,501 shares

| M I Branston - 7,067 shares

| P K Branston - 7,561 shares

| R C Branston - 4,078 shares

| Under the terms of the trust deed the shareholders of the Company are broadly, excluded beneficiaries of the Trust that the Trustees may not apply the Trust property for their benefit.