BREAKSPEAR VENTURES LTD


Directors	Richard Alan Abel
	Stuart John Moore


Registered Address	72 Orchard Road
	Maldon
	CM9 6EP


Registered Number	13483934 (England and Wales)

Balance Sheet as at
31 August 2025

	Notes	2025		2024
		£	£	£	£
Fixed assets
Investments	4		1,396,247		1,981,397
			1,396,247		1,981,397
Current assets
Debtors		2,563		15,285
Cash at bank and on hand		11,144		37,161
		13,707		52,446
Creditors amounts falling due within one year	5	(1,916)		(10,407)
Net current assets (liabilities)			11,791		42,039
Total assets less current liabilities			1,408,038		2,023,436
Creditors amounts falling due after one year	6		(1,424,821)		(1,452,928)
Net assets			(16,783)		570,508
Capital and reserves
Called up share capital			383,645		383,645
Share premium			370,834		370,834
Profit and loss account			(771,262)		(183,971)
Shareholders' funds			(16,783)		570,508

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 2 March 2026, and are signed on its behalf by:

Richard Alan Abel
Director

Stuart John Moore
Director

Registered Company No. 13483934

BREAKSPEAR VENTURES LTD

Notes to the Financial Statements
for the year ended 31 August 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

2.	Average number of employees
	The average number of persons (including executive directors) employed by the Company during the year.


		2025		2024
	Average number of employees during the year	0		0

3.	Deferred tax
	Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised.

4.	Fixed asset investments

	Other investments¹	Total
	£	£
Cost or valuation
At 01 September 24	1,981,397	1,981,397
Additions	22,477	22,477
Revaluations	(570,725)	(570,725)
Transfers	(36,902)	(36,902)
At 31 August 25	1,396,247	1,396,247
Net book value
At 31 August 25	1,396,247	1,396,247
At 31 August 24	1,981,397	1,981,397

	Notes
	¹Other investments other than loans

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	1,739	8,907
Taxation and social security	177	-
Accrued liabilities and deferred income	-	1,500
Total	1,916	10,407

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Other creditors	1,424,821	1,452,928
Total	1,424,821	1,452,928

7.	Share capital
	There were no changes in the issued share capital during the year.

8.	Controlling party
	In the opinion of the Directors there is no ultimate controlling party.