Richard and Lisa Brett Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 09732804 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

FOR

RICHARD AND LISA BRETT PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

8

DIRECTORS:

R I Brett

L Brett

REGISTERED OFFICE:

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

REGISTERED NUMBER:

09732804 (England and Wales)

ACCOUNTANTS:

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

FIXED ASSETS

Tangible assets

4

8,188

10,904

Investment property

5

4,400,000

3,765,000

4,408,188

3,775,904

CURRENT ASSETS

Debtors

6

19,696

14,371

Cash at bank

28,654

28,803

48,350

43,174

CREDITORS

Amounts falling due within one year

7

499,259

498,267

NET CURRENT LIABILITIES

(450,909

)

(455,093

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

3,957,279

3,320,811

CREDITORS

Amounts falling due after more than one
year

8

(2,342,488

)

(1,925,413

)

PROVISIONS FOR LIABILITIES

(372,439

)

(325,695

)

NET ASSETS

1,242,352

1,069,703

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

1,242,252

1,069,603

SHAREHOLDERS' FUNDS

1,242,352

1,069,703

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 May 2026 and were signed on its behalf by:

R I Brett - Director

1.	STATUTORY INFORMATION

Richard and Lisa Brett Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

In preparing the financial statements, the directors are required to make an assessment of the ability of the company to continue as a going concern. The directors have considered all available evidence for the company which covers the 12 month period from the date of signing these financial statements. The directors have paid particular attention to likely cashflow requirements and the future availability of adequate cashflow to the company.

On the basis of this consideration, the directors are confident that the company has adequate resources to continue in operational existence and to meet its liabilities as they fall due for the foreseeable future. In reaching this conclusion they are satisfied that no material uncertainty exists. As a result of the above, the directors have concluded that it remains appropriate to adopt a going concern basis of preparation in these financial statements and that no material uncertainty exists in reaching this conclusion.

Turnover

Turnover represents rents received and services provided excluding value added tax. Turnover is recognised when the company receives the right to consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Investment property

There is no depreciation or amortisation provided in respect of freehold or leasehold properties having more than 20 years unexpired. This departure from the requirements of the Companies Act 2006, for all properties to be depreciated, is, in the opinion of the directors, necessary for the financial statements to give a true and fair view in accordance with applicable accounting standards, as properties are included in the financial statements at their fair value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

23,870

DEPRECIATION

At 1 September 2024

12,966

Charge for year

2,716

At 31 August 2025

15,682

NET BOOK VALUE

At 31 August 2025

8,188

At 31 August 2024

10,904

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

3,765,000

Additions

445,520

Revaluations

189,480

At 31 August 2025

4,400,000

NET BOOK VALUE

At 31 August 2025

4,400,000

At 31 August 2024

3,765,000

Fair value at 31 August 2025 is represented by:

£

Valuation in 2019

262,155

Valuation in 2020

181,680

Valuation in 2021

651,106

Valuation in 2022

208,083

Valuation in 2024

(244

)

Valuation in 2025

189,480

Cost

2,907,740

4,400,000

If investment property had not been revalued it would have been included at the following historical cost:

31.8.25

31.8.24

£

Cost

2,907,740

2,462,220

Investment property was valued on an open market basis on 31 August 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Other debtors

19,696

14,371

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

Bank loans and overdrafts

1,833

2,204

Tax

9,441

7,648

Other creditors

184,627

165,882

Directors' current accounts

302,159

320,970

Accrued expenses

1,199

1,563

499,259

498,267

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

Bank loans - 1-2 years

-

1,812

Bank loans more 5 yrs non-inst

2,342,488

1,923,601

2,342,488

1,925,413

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

2,342,488

1,923,601

9.	SECURED DEBTS

Lenders hold a fixed charge over the investment property.

10.	RELATED PARTY DISCLOSURES

As at the date of the balance sheet, the directors, Mr and Mrs Brett were owed £302,159 by the company. There are no terms attached and the loan is repayable on demand.

Included in other creditors is an amount of £167,371 owed to Richard Brett Kitchens Limited. Mr R Brett is a director of Richard Brett Kitchens Limited.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Richard and Lisa Brett Properties Ltd for the year ended 31 August 2025 which comprise the Statement of Income and Retained Earnings, 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 within the ICAEW's regulations and guidance at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Richard and Lisa Brett Properties Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Richard and Lisa Brett Properties Ltd and state those matters that we have agreed to state to the Board of Directors of Richard and Lisa Brett Properties Ltd, as a body, in this report in accordance with icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Richard and Lisa Brett Properties Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Richard and Lisa Brett Properties Ltd 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 Richard and Lisa Brett Properties Ltd. You consider that Richard and Lisa Brett Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Richard and Lisa Brett Properties Ltd. 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.

Ashdown Hurrey

Chartered Accountants & Business Advisers

28 Wilton Road

Bexhill on Sea

East Sussex

TN40 1EZ

29 May 2026