REGISTERED NUMBER: 09166036 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

B & C PROPERTIES ESSEX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr IJ North

SECRETARY:

Mrs DH North

REGISTERED OFFICE:

12 High Street

Stanford le Hope

Essex

SS17 0EY

REGISTERED NUMBER:

09166036 (England and Wales)

ACCOUNTANTS:

Elliott, Mortlock, Busby & Co Limited

12 High Street

Stanford le Hope

Essex

SS17 0EY

FIXED ASSETS

Investment property

5

11,635,000

11,635,000

CURRENT ASSETS

Debtors

6

3,499,731

3,649,616

Cash at bank

277,620

196,939

3,777,351

3,846,555

CREDITORS

Amounts falling due within one year

7

141,484

726,157

NET CURRENT ASSETS

3,635,867

3,120,398

TOTAL ASSETS LESS CURRENT LIABILITIES

15,270,867

14,755,398

PROVISIONS FOR LIABILITIES

8

1,446,250

1,446,250

NET ASSETS

13,824,617

13,309,148

CAPITAL AND RESERVES

Called up share capital

200

200

Share premium

5,840,618

5,840,618

Revaluation reserve

9

4,338,750

4,338,750

Retained earnings

3,645,049

3,129,580

SHAREHOLDERS' FUNDS

13,824,617

13,309,148

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 2 June 2026 and were signed by:

Mr IJ North - Director

1.	STATUTORY INFORMATION

B & C Properties Essex Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover comprises rental income due to the company.

Investment property

Investment properties are properties held to earn rentals and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise. Deferred taxation is provided on these gains at the rate expected to apply when these properties are sold.

Taxation

Taxation represents the sum of tax currently payable and deferred tax.

The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2025 - 2 ) .

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

and 31 March 2026

11,635,000

NET BOOK VALUE

At 31 March 2026

11,635,000

At 31 March 2025

11,635,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2020

1,100,000

Valuation in 2024

4,685,000

Cost

5,850,000

11,635,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2026

2025

£

£

Cost

5,850,000

5,850,000

Investment properties were valued on an open market basis on 31 March 2024 by the director .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other debtors

3,499,731

3,649,616

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Corporation tax

89,812

171,698

Other creditors

51,418

452,278

Directors' current accounts

254

102,181

141,484

726,157

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

£

Deferred tax

1,446,250

1,446,250

Deferred

tax

£

Balance at 1 April 2025

1,446,250

Balance at 31 March 2026

1,446,250

The provision for deferred taxation is made up of the gains arising on the investment properties carried at fair value.

9.

RESERVES

Revaluation

reserve

£

At 1 April 2025

and 31 March 2026

4,338,750

10.	RELATED PARTY DISCLOSURES

The company has made an interest free loan repayable on demand to a company under the control of the children of the director. The amount outstanding at 31 March 2026 was £3,487,195 (2025: £3,639,214)

The company received an interest free loan repayable on demand from a company under control of a son of the director. The amount outstanding at 31 March 2026 was £0 (2025: £400,000)