| Accountants' Report to the Directors on the Unaudited Statutory Accounts of Brik Property Limited for the year ended 31 December 2025 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Brik Property Limited for the year ended 31 December 2025 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
| …………………………………. |
| James Smith (Accountant) Ltd |
| Chartered Accountant |
| The Dower House |
| Church Street |
| West Hanney |
| Oxfordshire |
| OX12 0LW |
|
| 14 May 2026 |
|
| Brik Property Limited |
| Registered number: |
06724968 |
| Balance Sheet as at 31 December 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
20,557 |
|
|
28,178 |
|
| Current assets |
| Debtors |
4 |
|
200,529 |
|
|
122,652 |
| Cash at bank and in hand |
|
|
243,851 |
|
|
304,794 |
|
|
|
444,380 |
|
|
427,446 |
|
| Creditors: amounts falling due within one year |
5 |
|
(226,765) |
|
|
(194,202) |
|
| Net current assets |
|
|
|
217,615 |
|
|
233,244 |
|
| Total assets less current liabilities |
|
|
|
238,172 |
|
|
261,422 |
|
| Provisions for liabilities |
|
|
|
(3,407) |
|
|
(5,170) |
|
| Net assets |
|
|
|
234,765 |
|
|
256,252 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
36 |
|
|
38 |
| Share premium |
|
|
|
199,998 |
|
|
199,998 |
| Redemption reserve |
6 |
|
|
2 |
|
|
- |
| Profit and loss account |
|
|
|
34,729 |
|
|
56,216 |
|
| Shareholders' funds |
|
|
|
234,765 |
|
|
256,252 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
| Approved by the board on 14 May 2026 |
|
|
|
| ……………………………… |
| Christian Littlewood |
| Director |
|
| Brik Property Limited |
| Notes to the Accounts |
| for the year ended 31 December 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue from the provision of services. Turnover is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
Leasehold land and buildings |
over the lease term |
|
Plant and machinery |
2-5 years straight line |
|
Motor Vehicles |
30% reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
10 |
|
11 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
Land and buildings |
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
| £ |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2025 |
6,512 |
|
108,923 |
|
39,932 |
|
155,367 |
|
Additions |
- |
|
3,700 |
|
- |
|
3,700 |
|
Disposals |
- |
|
(1,824) |
|
- |
|
(1,824) |
|
At 31 December 2025 |
6,512 |
|
110,799 |
|
39,932 |
|
157,243 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2025 |
6,512 |
|
96,034 |
|
24,643 |
|
127,189 |
|
Charge for the year |
- |
|
7,144 |
|
4,177 |
|
11,321 |
|
On disposals |
- |
|
(1,824) |
|
- |
|
(1,824) |
|
At 31 December 2025 |
6,512 |
|
101,354 |
|
28,820 |
|
136,686 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2025 |
- |
|
9,445 |
|
11,112 |
|
20,557 |
|
At 31 December 2024 |
- |
|
12,889 |
|
15,289 |
|
28,178 |
|
|
|
|
|
|
|
|
|
|
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade debtors |
138,600 |
|
40,500 |
|
Other debtors |
61,929 |
|
82,152 |
|
|
|
|
|
|
200,529 |
|
122,652 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
21,255 |
|
9,239 |
|
Corporation tax |
105,829 |
|
122,148 |
|
Other taxes and social security costs |
75,014 |
|
58,869 |
|
Other creditors |
24,667 |
|
3,946 |
|
|
|
|
|
|
226,765 |
|
194,202 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Redemption reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
Shares cancelled |
2 |
|
- |
|
|
At 31 December 2025 |
2 |
|
- |
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans to directors |
|
|
All director loans are repayable on demand. |
|
|
|
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
Amounts (from)/ to the director |
|
|
Christian Littlewood |
6,000 |
|
(2,150) |
|
|
Benjamin Littlewood |
5,800 |
|
(2,350) |
|
|
Micheal Horne |
|
|
|
|
6,000 |
|
1,490 |
|
|
|
|
|
|
|
17,800 |
|
(3,010) |
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Brik Property Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
77 Parsons Green Lane |
|
London |
|
SW6 4JA |