BRM Developments Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 05365623 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

BRM Developments Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs M Burton

R Burton

REGISTERED OFFICE:

14 Freiston Enterprise Park

Priory Road

Boston

Lincolnshire

PE22 0JZ

REGISTERED NUMBER:

05365623 (England and Wales)

ACCOUNTANTS:

Wright Vigar Limited

Chartered Accountants & Business Advisers

Northgate House

Northgate

Sleaford

Lincolnshire

NG34 7BZ

FIXED ASSETS

Investment property

4

244,318

CURRENT ASSETS

Debtors

5

494

361

Cash at bank

126

867

620

1,228

CREDITORS

Amounts falling due within one year

6

46,378

42,655

NET CURRENT LIABILITIES

(45,758

)

(41,427

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

198,560

202,891

CREDITORS

Amounts falling due after more than one
year

7

(24,514

)

(35,362

)

PROVISIONS FOR LIABILITIES

(22,066

)

(22,066

)

NET ASSETS

151,980

145,463

CAPITAL AND RESERVES

Called up share capital

9

2

Fair value reserve

10

134,875

Retained earnings

10

17,103

10,586

SHAREHOLDERS' FUNDS

151,980

145,463

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 June 2026 and were signed on its behalf by:

Mrs M Burton - Director

1.	STATUTORY INFORMATION

BRM Developments 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Going concern

At 31 December 2025 the Company's current liabilities exceeded its current assets by £45,758 (2024: £41,427).

On the basis described above, the directors consider it appropriate to prepare these financial statements on the going concern basis.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

and 31 December 2025

244,318

NET BOOK VALUE

At 31 December 2025

244,318

At 31 December 2024

244,318

Fair value at 31 December 2025 is represented by:

£

Valuation in 2008

204,808

Valuation in 2014

(47,868

)

Valuation in 2015

87,378

244,318

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

494

361

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Bank loans and overdrafts

7,353

5,814

Hire purchase contracts

2,011

1,671

Taxation and social security

1,763

989

Other creditors

35,251

34,181

46,378

42,655

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

Bank loans

23,360

32,198

Hire purchase contracts

1,154

3,164

24,514

35,362

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

-

8,943

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

30,713

38,012

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2

Ordinary

£1

2

10.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

At 1 January 2025

10,586

134,875

145,461

Profit for the year

7,517

Dividends

(1,000

)

(1,000

)

At 31 December 2025

17,103

134,875

151,978

11.	ULTIMATE CONTROLLING PARTY

R Burton and Mrs M Burton control the company by way of owning 100% of the issued share capital.