Company registration number 06578739 (England and Wales)
M & L BIRKBECK PROPERTY LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
M & L BIRKBECK PROPERTY LIMITED
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 8
M & L BIRKBECK PROPERTY LIMITED
BALANCE SHEET
AS AT
29 JANUARY 2025
29 January 2025
- 1 -
29 January 2025
31 January 2024
Notes
£
£
£
£
Fixed assets
Investment property
4
3,621,438
7,951,387
Current assets
Debtors
5
566,618
548,863
Cash at bank and in hand
4,960,459
15,836
5,527,077
564,699
Creditors: amounts falling due within one year
6
(1,329,792)
(1,197,419)
Net current assets/(liabilities)
4,197,285
(632,720)
Total assets less current liabilities
7,818,723
7,318,667
Provisions for liabilities
(610,485)
(208,133)
Net assets
7,208,238
7,110,534
Capital and reserves
Called up share capital
7
2,700,002
2,700,002
Non-distributable profits reserve
2,060,687
907,624
Distributable profit and loss reserves
2,447,549
3,502,908
Total equity
7,208,238
7,110,534

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

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

The financial statements were approved by the board of directors and authorised for issue on 29 January 2026 and are signed on its behalf by:
Mr P M Birkbeck
Director
Company registration number 06578739 (England and Wales)
M & L BIRKBECK PROPERTY LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 29 JANUARY 2025
- 2 -
Share capital
Non-distri-butable profits
Profit and loss reserves
Total
£
£
£
£
Balance at 1 February 2023
2,700,002
2,762,894
3,584,086
9,046,982
Year ended 31 January 2024:
Loss and total comprehensive income
-
(1,855,270)
(81,178)
(1,936,448)
Balance at 31 January 2024
2,700,002
907,624
3,502,908
7,110,534
Year ended 29 January 2025:
Profit and total comprehensive income
-
(6,970)
104,674
97,704
Transfers
-
1,160,033
(1,160,033)
-
Balance at 29 January 2025
2,700,002
2,060,687
2,447,549
7,208,238
M & L BIRKBECK PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 JANUARY 2025
- 3 -
1
Accounting policies
Company information

M & L Birkbeck Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is Fleet House, New Road, Lancaster, United Kingdom, LA1 1EZ. Its principal place of business is The House of Bruar, Blair Atholl, Perth, Perthshire, PH18 5TW. The company's principal activity during the year was that of development of rental property.

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 investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the balance sheet date the company's current liabilities exceeded its current assets by £635,512. The company has received assurances from the ultimate parent company that it will provide financial support for the foreseeable future and will ensure that there are sufficient funds made available to enable the company to meet its debts as they fall due. true

1.3
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
10% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

M & L BIRKBECK PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JANUARY 2025
1
Accounting policies
(Continued)
- 4 -
1.6
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.

1.7
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.

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 and loans from fellow group companies, 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.

1.8
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.

1.9
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.

M & L BIRKBECK PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JANUARY 2025
1
Accounting policies
(Continued)
- 5 -
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.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.10
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.

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
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 February 2024 and 29 January 2025
18,449
Depreciation and impairment
At 1 February 2024 and 29 January 2025
18,449
Carrying amount
At 29 January 2025
-
0
At 31 January 2024
-
0
M & L BIRKBECK PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JANUARY 2025
- 6 -
4
Investment property
2025
£
Fair value
At 1 February 2024
7,951,387
Disposals
(4,725,330)
Revaluations
395,381
At 29 January 2025
3,621,438

The directors' have evaluated the investment property valuations during the year and based on the selling prices of similar properties and post year end sales of properties, the directors consider an increase in fair value of £395,381 to be appropriate.

The increase in fair value of £395,381 (2024: £2,286,690 decrease) is recognised in the profit and loss account. Of this fair value increase £395,381 (2024: £2,286,690 decrease) has been recognised in non distributable reserves.

Included in the fair value movement is a decrease of £2,702 (2024: £342,529) in relation to foreign currency translation which is recognised in the profit and loss account and recognised in non-distributable reserves.

5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
566,618
482,031
Prepayments and accrued income
-
0
66,832
566,618
548,863
6
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
329
1,991
Amounts owed to group undertakings
1,289,283
1,190,844
Corporation tax
12,378
1,524
Other creditors
21,442
-
0
Accruals and deferred income
6,360
3,060
1,329,792
1,197,419
7
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2,700,002
2,700,002
2,700,002
2,700,002
M & L BIRKBECK PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JANUARY 2025
- 7 -
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 29 January 2025 and of its profit for the year then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Susanna Cassey
Statutory Auditor:
Azets Audit Services
Date of audit report:
29 January 2026
9
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

Sales
Sales
2025
2024
£
£
Rent charged to directors
-
2,046

The following amounts were outstanding at the reporting end date:

2025
2024
Amounts due to related parties
£
£
Entities with control, joint control or significant influence over the company
445,446
445,446
Other related parties
843,837
745,398
Other information

The smallest group for which consolidated financial statements are prepared which include the results of this company is that headed by Mark Birkbeck & Sons Limited, whose registered office is The House of Bruar, Blair Atholl, Perth, Perthshire, PH18 5TW.

10
Directors' transactions
Description
% Rate
Opening balance
Amounts advanced
Interest charged
Closing balance
£
£
£
£
Amounts owed by directors
2.25
364,514
52,655
8,202
425,371
M & L BIRKBECK PROPERTY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 JANUARY 2025
10
Directors' transactions
(Continued)
- 8 -
364,514
52,655
8,202
425,371
11
Controlling party

The immediate and ultimate parent undertaking is Mark Birkbeck & Sons Limited, a company registered in Scotland.

The ultimate controlling party is Mr M N T Birkbeck in both the current and previous year, by virtue of his majority shareholding in Mark Birkbeck & Sons Limited.

The smallest and largest group to consolidate the results of these financial statements is Mark Birkbeck & Sons Limited. Copies of the consolidated financial statements can be obtained from The House of Bruar, Blair Atholl, Perth, Perthshire, PH18 5TW.

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