Company No: 00228967 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	214,020		220,302
Investment property	4	17,347,347		17,749,770
Investments	5	2		2
		17,561,369		17,970,074
Current assets
Debtors
- due within one year	6	221,663		87,848
- due after more than one year	6	58,333		0
Cash at bank and in hand		1,194,169		891,802
		1,474,165		979,650
Creditors: amounts falling due within one year	7	( 1,488,327)		( 1,567,016)
Net current liabilities		(14,162)		(587,366)
Total assets less current liabilities		17,547,207		17,382,708
Creditors: amounts falling due after more than one year	8	( 5,362,164)		( 5,678,226)
Provision for liabilities		( 807,000)		( 718,000)
Net assets		11,378,043		10,986,482
Capital and reserves
Called-up share capital	9	234,499		234,499
Share premium account		223,618		223,618
Capital redemption reserve		492,038		492,038
Profit and loss account		10,427,888		10,036,327
Total shareholders' funds		11,378,043		10,986,482

For the financial year ending 31 July 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Bonhay and Eagle Property Company Limited (registered number: 00228967) were approved and authorised for issue by the Board of Directors on 12 January 2026. They were signed on its behalf by:

Mr J D Gaisford Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bonhay and Eagle Property Company Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2 Berkeley Cottages Collingwood Road, Stoke, Plymouth, PL1 5QT, United Kingdom.

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 items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The directors have considered the future funding requirements of the business, and based on management forecasts have concluded that the Company will have sufficient funds to ensure that it can meet its financial liabilities as and when they fall due, for a period of at least 12 months from the date of approval of these financial statements.

Turnover

Turnover comprises the invoiced value of property rentals receivable, exclusive of VAT. Turnover is recognised on a straight line basis over the term of the lease.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line and reducing balance basis over its expected useful life, as follows:

Land and buildings	50 years straight line
Plant and machinery	10 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The directors use observable market prices and yields, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments are stated at historical cost less provision for any diminution in value.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	3		3

3. Tangible assets

	Land and buildings		Plant and machinery		Total
	£		£		£
Cost
At 01 August 2024	262,212		265,641		527,853
At 31 July 2025	262,212		265,641		527,853
Accumulated depreciation
At 01 August 2024	52,294		255,257		307,551
Charge for the financial year	5,244		1,038		6,282
At 31 July 2025	57,538		256,295		313,833
Net book value
At 31 July 2025	204,674		9,346		214,020
At 31 July 2024	209,918		10,384		220,302

4. Investment property

	Investment property
	£
Valuation
As at 01 August 2024	17,749,770
Fair value movement	589,697
Disposals	(992,120)
As at 31 July 2025	17,347,347

The directors have determined the fair value of investment properties using current market data for comparable real estate based on observable market prices and yields, adjusted where necessary for any differences in nature, location or condition.

5. Fixed asset investments

	Listed investments		Investments in associates		Investments in joint ventures		Total
	£		£		£		£
Cost or valuation before impairment
At 01 August 2024	1		0		1		2
At 31 July 2025	1		0		1		2
Carrying value at 31 July 2025	1		0		1		2
Carrying value at 31 July 2024	1		0		1		2

The principal activity of Unitbuild (SW) LLP is property development.

The company holds 2,883 Ordinary shares in Silver Bullet Data Services Group PLC (previously: Silver Bullet Data Services Group Limited) a company registered in the UK. This company re-registered from a private company as a public company on 10/06/2021. The shares have an original cost of £24,996.

6. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	59,429		80,148
Other debtors	162,234		7,700
	221,663		87,848
Debtors: amounts falling due after more than one year
Other debtors	58,333		0

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	200,000		200,000
Trade creditors	36,312		3,430
Accruals	146,613		124,655
Taxation and social security	194,689		93,293
Other creditors	910,713		1,145,638
	1,488,327		1,567,016

Bank borrowings are secured by way of a legal charge over certain investment properties and a debenture over all the assets of the company.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	2,250,000		2,450,000
Other creditors	3,112,164		3,228,226
	5,362,164		5,678,226

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
152,889 Ordinary shares of £ 1.00 each	152,889		152,889
32,644 Ordinary A shares of £ 2.50 each	81,610		81,610
	234,499		234,499

10. Related party transactions

Other related party transactions

An entity under the control of a member of key management provides the company with property management services. During the year the amount charged was £113,025 (2024: £110,000). The amount owed to the entity at the year end was £nil (2024: £nil).

During the year a loan existed between Bonhay & Eagle Property Company Limited and UnitBuild (SW) LLP. At the balance sheet date the amount due to Bonhay & Eagle Property Company Limited was £56,796 (2024: £800)

11. Obligations under leases and hire purchase contracts

Operating leases - lessor

	2025		2024
	£		£
Not later than one year	985,486		873,647
Later than one year and not later than five years	2,092,616		1,654,033
Later than five years	1,839,299		372,070
	4,917,401		2,899,750

Total rents recognised as income in the period are £1,007,122 (2024: 962,839).