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Registration number: 09463809

Park Gate (Brighton) Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 30 September 2025

Park Gate (Brighton) Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Park Gate (Brighton) Limited

Company Information

Directors | Mr PD Caldecott Mr A Lambor Mr S Lambor

Registered office | Maria House 35 Millers Road Brighton BN1 5NP

Accountants | Chisnall Comer Ismail & Co Chartered AccountantsMaria House 35 Millers Road Brighton BN1 5NP

Park Gate (Brighton) Limited

(Registration number: 09463809)
Balance Sheet as at 30 September 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 4 | 5,950,000 | 5,950,000
Current assets |  |  |
Debtors | 5 | 4,722 | 36,064
Cash at bank and in hand |  | 304,455 | 712,030
|  | 309,177 | 748,094
Creditors: Amounts falling due within one year | 6 | (297,417) | (430,526)
Net current assets |  | 11,760 | 317,568
Total assets less current liabilities |  | 5,961,760 | 6,267,568
Creditors: Amounts falling due after more than one year | 6 | (815,900) | (1,515,900)
Provisions for liabilities |  | (316,991) | (316,991)
Net assets |  | 4,828,869 | 4,434,677
Capital and reserves |  |  |
Called up share capital | 8 | 100 | 100
Other reserves |  | 1,297,791 | 1,297,791
Retained earnings |  | 3,530,978 | 3,136,786
Shareholders' funds |  | 4,828,869 | 4,434,677

For the financial year ending 30 September 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 accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Park Gate (Brighton) Limited

(Registration number: 09463809)
Balance Sheet as at 30 September 2025

Approved and authorised by the Board on 19 May 2026 and signed on its behalf by:

.........................................

Mr PD Caldecott

Director

Park Gate (Brighton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1 | General information

The company is a private company limited by share capital, incorporated in Other.

The address of its registered office is:
Maria House
35 Millers Road
Brighton
BN1 5NP

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover relates to rents received from investment property.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Park Gate (Brighton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, 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.

Non-distributable reserve

The aggregate fair value adjustments relating to movements in the value of the company's investment properties are transferred at the end of each period, net of deferred tax, from the profit and loss reserve to the non distributable reserve.
On disposal of investment property the aggregate fair value adjustment is transferred back to the profit and loss reserves and the deferred tax provision is transferred to current liabilities.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 3).

4 | Investment properties

| 2025 £
At 1 October | 5,950,000
At 30 September | 5,950,000

Park Gate (Brighton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

5 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | - | 31,470
Prepayments | 4,722 | 4,594
| 4,722 | 36,064

Park Gate (Brighton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

6 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 8,570 | 112,202
Taxation and social security | 126,095 | 112,711
Accruals and deferred income | 5,053 | 2,465
Other creditors | 157,699 | 203,148
| 297,417 | 430,526

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Due after one year |  |
Other financial liabilities | 815,900 | 1,515,900

7 | Related party transactions

Summary of transactions with parent

Findon Place Investments Limited being parent company, by virtue of ownership of 70% of share capital, made a loan to Park Gate (Brighton) Limited. Loan repayments in the period £490,000 (2024: nil).

Loans from related parties

2025 | Parent £ | Associates £ | Total £
At start of period | 1,061,130 | 454,770 | 1,515,900
Repaid | (490,000) | (210,000) | (700,000)
At end of period | 571,130 | 244,770 | 815,900

2024 | Parent £ | Associates £ | Total £
At start of period | 1,061,130 | 454,770 | 1,515,900
At end of period | 1,061,130 | 454,770 | 1,515,900

Park Gate (Brighton) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary Shares of £1 each | 100 | 100 | 100 | 100