REGISTERED NUMBER: 10339527 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

INTREPID PROPCO LTD.

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

L Greaves

I P Greaves

REGISTERED OFFICE:

Unit 5

Whitacre Road Industrial Estate

Nuneaton

CV11 6BP

REGISTERED NUMBER:

10339527 (England and Wales)

ACCOUNTANTS:

Askews Chartered Certified Accountants

5 The Quadrant

Coventry

West Midlands

CV1 2EL

FIXED ASSETS

Tangible assets

4

1,455,000

1,455,000

CURRENT ASSETS

Debtors

5

13,598

20,588

Cash at bank

8,655

8,279

22,253

28,867

CREDITORS

Amounts falling due within one year

6

69,104

69,104

NET CURRENT LIABILITIES

(46,851

)

(40,237

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,408,149

1,414,763

CREDITORS

Amounts falling due after more than one year

7

(911,990

)

(959,338

)

PROVISIONS FOR LIABILITIES

(69,272

)

(69,272

)

NET ASSETS

426,887

386,153

CAPITAL AND RESERVES

Called up share capital

100

100

Other reserves

207,818

207,818

Retained earnings

218,969

178,235

426,887

386,153

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 7 May 2026 and were signed on its behalf by:

I P Greaves - Director

1.	STATUTORY INFORMATION

Intrepid Propco 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST OR VALUATION

At 1 September 2024

and 31 August 2025

1,455,000

NET BOOK VALUE

At 31 August 2025

1,455,000

At 31 August 2024

1,455,000

Cost or valuation at 31 August 2025 is represented by:

Freehold

property

£

Valuation in 2018

63,207

Valuation in 2022

65,055

Valuation in 2024

148,827

Cost

1,177,911

1,455,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

10,920

15,237

Other debtors

2,678

5,351

13,598

20,588

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

36,431

36,119

Trade creditors

143

3,712

Taxation and social security

18,403

16,688

Other creditors

14,127

12,585

69,104

69,104

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

691,486

728,669

Other creditors

220,504

230,669

911,990

959,338

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

727,917

764,788

First charge over the Company's investment properties.

9.	RELATED PARTY DISCLOSURES

At the year end the company owed £232,504 to Intrepid Manufacturing Limited (2024 £241,504) a company that is under common control.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is I P Greaves.