Company No: 05840287 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	78,654		104,569
Investment property	4	9,635,094		8,990,094
Investments	5	75,000		75,000
		9,788,748		9,169,663
Current assets
Debtors	6	7,337,612		9,875,490
Cash at bank and in hand		10,735		2,926
		7,348,347		9,878,416
Creditors: amounts falling due within one year	7	( 3,840,688)		( 4,591,036)
Net current assets		3,507,659		5,287,380
Total assets less current liabilities		13,296,407		14,457,043
Creditors: amounts falling due after more than one year	8	( 8,001,741)		( 5,401,617)
Provision for liabilities		( 354,242)		( 199,397)
Net assets		4,940,424		8,856,029
Capital and reserves
Called-up share capital	9	1,000		1,000
Fair value reserve		2,325,352		1,841,602
Profit and loss account		2,614,072		7,013,427
Total shareholder's funds		4,940,424		8,856,029

For the financial year ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Brunswick Limited (registered number: 05840287) were approved and authorised for issue by the Board of Directors on 28 May 2026. They were signed on its behalf by:

Mr R J Hooper Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Brunswick Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Francis Clark Llp Unit 18, 23 Royal William Yard, Melville Building East, Plymouth, PL1 3GW, United Kingdom. The principal place of business is Ocean House, 10, Kinterbury Street, Plymouth, Devon, PL1 2DG.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the provision of rental services on commercial and residential property.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Plant and machinery	25 % reducing balance
Vehicles	25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery		Vehicles		Total
	£		£		£
Cost
At 01 September 2024	426,519		125,635		552,154
Additions	259		0		259
At 31 August 2025	426,778		125,635		552,413
Accumulated depreciation
At 01 September 2024	406,362		41,223		447,585
Charge for the financial year	5,071		21,103		26,174
At 31 August 2025	411,433		62,326		473,759
Net book value
At 31 August 2025	15,345		63,309		78,654
At 31 August 2024	20,157		84,412		104,569

4. Investment property

	Investment property
	£
Valuation
As at 01 September 2024	8,990,094
Fair value movement	645,000
As at 31 August 2025	9,635,094

Investment property comprises property held for commercial and residential rental purposes and capital appreciation. The fair value of the investment property has been arrived at on the basis of a valuation carried out on 17 January 2025 by JLL Estate Agents.

5. Fixed asset investments

Investments in subsidiaries

	2025
	£
Cost
At 01 September 2024	75,000
At 31 August 2025	75,000
Carrying value at 31 August 2025	75,000
Carrying value at 31 August 2024	75,000

6. Debtors

	2025		2024
	£		£
Trade debtors	0		1,434
Amounts owed by Group undertakings	6,340,113		8,946,437
Other debtors	997,499		927,619
	7,337,612		9,875,490

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans (secured)	0		66,000
Trade creditors	52,590		2,565
Amounts owed to Group undertakings	324,781		452,798
Taxation and social security	13,456		116,174
Obligations under finance leases and hire purchase contracts	85,072		17,287
Other creditors	3,364,789		3,936,212
	3,840,688		4,591,036

Bank loans are secured by way of a fixed and floating charge over the freehold property of the company.

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans (secured)	3,690,926		5,316,545
Obligations under finance leases and hire purchase contracts	0		85,072
Other creditors	4,310,815		0
	8,001,741		5,401,617

Bank loans are secured by way of fixed and floating charges over the freehold property of the company.

Hire purchase liabilities are secured against the assets to which they relate.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

	2025		2024
	£		£
Bank loans (secured / repayable by instalments)	0		4,986,545

The outstanding bank loan has been repaid by a fellow group company.

9. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
1,000 Ordinary shares shares of £ 1.00 each	1,000		1,000

10. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Directors' loan	756,804		716,934

During the year, the company advanced £84,049 to a director, of which £60,793 was repaid. Interest totalling £16,614 has been charged on the loan at the actual official rate set out by HMRC. The total amount due to the company at the year end was £756,804 (2024: £716,934).

11. Ultimate controlling party

Parent Company:

Attlee Sinclair Limited

Melville Building East, Royal William Yard, Plymouth, Devon, United Kingdom, PL1 3RP

These financial statements are available upon request from Companies House, Crown Way, Cardiff, CF14 3UZ.