ACCOUNTS - Final Accounts preparation

Registered number: 14234410

LIMELIGHT LIVERPOOL OPCO LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2025

Chartered Accountants

2nd Floor, Heathmans House

19 Heathmans Road

London

SW6 4TJ

LIMELIGHT LIVERPOOL OPCO LIMITED

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF LIMELIGHT LIVERPOOL OPCO LIMITED
FOR THE YEAR ENDED 31 AUGUST 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of LIMELIGHT LIVERPOOL OPCO LIMITED for the year ended 31 August 2025 which comprise 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of LIMELIGHT LIVERPOOL OPCO LIMITED, as a body, in accordance with the terms of our engagement letter dated 30/08/22. Our work has been undertaken solely to prepare for your approval the financial statements of LIMELIGHT LIVERPOOL OPCO LIMITED and state those matters that we have agreed to state to the Board of Directors of LIMELIGHT LIVERPOOL OPCO LIMITED, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than LIMELIGHT LIVERPOOL OPCO LIMITED and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that LIMELIGHT LIVERPOOL OPCO LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of LIMELIGHT LIVERPOOL OPCO LIMITED. You consider that LIMELIGHT LIVERPOOL OPCO LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of LIMELIGHT LIVERPOOL OPCO LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Haggards Crowther LLP

Chartered Accountants

19 Heathmans Road

London

SW6 4TJ

22 May 2026

Page 1

LIMELIGHT LIVERPOOL OPCO LIMITED

REGISTERED NUMBER: 14234410

BALANCE SHEET

AS AT 31 AUGUST 2025

		2025		2024
Note		£		£


Current assets
Debtors: amounts falling due within one year	5	594,004		740,752
Cash at bank and in hand	6	556,066		1,276,336
		1,150,070		2,017,088
Creditors: amounts falling due within one year	7	(1,410,609)		(2,335,423)
Net current liabilities			(260,539)		(318,335)
Total assets less current liabilities			(260,539)		(318,335)

Net liabilities			(260,539)		(318,335)

Capital and reserves
Profit and loss account	(260,539)	(318,335)
	(260,539)	(318,335)

Page 2

LIMELIGHT LIVERPOOL OPCO LIMITED

REGISTERED NUMBER: 14234410

BALANCE SHEET (CONTINUED)

AS AT 31 AUGUST 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 May 2026.

Mr S R Gregory-smith

Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

LIMELIGHT LIVERPOOL OPCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

1.	Statutory information

Blcp Liverpool Opco Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 14234410 and its registered address is 2nd Floor, Heathmans House, 19 Heathmans Road, London, SW6 4TJ.

The principal activity of the company during the year was the leasing and management of student accommodation.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

2.2

Revenue

Revenue which compromises of rental income is exempt of VAT. Revenue represents the value of rent provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due. Where a contract has only been partially completed at the balance sheet date, revenue represents the value of the rental income provided to date based on a proportion of the total contract value. Where payments are received from customers in advance of rent, the amounts are recorded as Deferred Income and included as part of Creditors due within one year.

2.3

Taxation

Tax is recognised in the Income statement except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not
reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be
recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax
allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of
business combinations, when deferred tax is recognised on the differences between the fair values of
assets acquired and the future tax deductions available for them and the differences between the fair
values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined
using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

LIMELIGHT LIVERPOOL OPCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

2.Accounting policies (continued)

2.4

Operating leases: the Company as lessee

Rentals payable under this operating lease are charged to profit or loss in the period to which they relate, based on 98% of the company’s operating profit, in accordance with the lease agreement.

2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	Significant judgements and estimates

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. In the opinion of the directors there are no judgements or key sources of estimation uncertainty that affect the preparation of the financial statements.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	176,177	250,000
Other debtors	378,662	464,985
Prepayments and accrued income	39,165	25,767
	594,004	740,752

Page 5

LIMELIGHT LIVERPOOL OPCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	556,066	1,276,336
	556,066	1,276,336

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	73,303	45,696
Amounts owed to group undertakings	-	545,401
Other creditors	1,294,496	1,431,094
Accruals and deferred income	42,810	313,232
	1,410,609	2,335,423

8.	Share capital
		2025	2024
		£	£

Allotted, called up and fully paid

1 (2024 - 1) Ordinary share of £0.01	-	-

9.	Commitments under operating leases
	On 11 October 2023, the company was granted an operating lease for the property know as Limelight, 48 Islington, Liverpool, L3 8LH to run until 30 June 2045. Under the terms of the lease, rent payable is calculated as 98% of the operating profit of the company and is payable quarterly.

Page 6

LIMELIGHT LIVERPOOL OPCO LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

10.

Related party transactions

In Debtors: Amounts falling due within one year is a loan of £176,177 (2024: £250,000) due from BLCP Liverpool Propco Limited, the company's immediate parent undertaking. This amount is interest free and payable on demand.

In Creditors: Amounts falling due within one year is a loan of £Nill (2024: £545,401 creditor) to BLCP Liverpool Propco Limited, the company's immediate parent undertaking. This amount is interest free and payable on demand.

In the current year, the amounts owed to/ from BLCP Liverpool Propco Limited have been netted off leaving a balance under debtors of £176,177 seen above.

11.

Security

The company has entered into a cross-guarantee to provide security for loan facilities that have been provided to BLCP RS HoldCo Ltd, a fellow group entity.

As at the period end, the loan facilities provided totalled £16,902,291 (2024: £15,438,255) and were repayable after more than one year from the balance sheet date.

The security provided is in the form of fixed and floating charge in respect of the assets of the company.

Page 7