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Registration number: 01335620

Brecon Motors (Distributors) Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 December 2025

Brecon Motors (Distributors) Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

Brecon Motors (Distributors) Limited

Company Information

Directors | Mr J L Williams Miss S M Williams

Company secretary | Mrs H M Williams

Registered office | Bishop House 10 Wheat Street Brecon Powys LD3 7DG

Bankers | HSBC Bank Merthyr Tydfil 127 - 128 High Street Merthyr Tydfil Mid Glamorgan CF47 8DN

Accountants | W J James & Co Chartered AccountantsBishop House 10 Wheat Street Brecon Powys LD3 7DG

Brecon Motors (Distributors) Limited

(Registration number: 01335620)
Balance Sheet as at 31 December 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 4 | 594,031 | 592,333
Investment property | 5 | 4,167,033 | 4,167,033
|  | 4,761,064 | 4,759,366
Current assets |  |  |
Stocks |  | 169,915 | 119,516
Debtors | 6 | 10,180 | 14,043
Cash at bank and in hand |  | 1,379,491 | 1,231,832
|  | 1,559,586 | 1,365,391
Creditors: Amounts falling due within one year | 7 | (662,607) | (667,738)
Net current assets |  | 896,979 | 697,653
Total assets less current liabilities |  | 5,658,043 | 5,457,019
Provisions for liabilities |  | (117,499) | (117,306)
Net assets |  | 5,540,544 | 5,339,713
Capital and reserves |  |  |
Called up share capital | 8 | 6,000 | 6,000
Share premium reserve |  | 25,000 | 25,000
Other reserves |  | 1,389,257 | 1,389,257
Retained earnings |  | 4,120,287 | 3,919,456
Shareholders' funds |  | 5,540,544 | 5,339,713

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

Directors' responsibilities:

• | The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 10 July 2026 and signed on its behalf by:

Brecon Motors (Distributors) Limited

(Registration number: 01335620)
Balance Sheet as at 31 December 2025

......................................... Mr J L Williams Director

Brecon Motors (Distributors) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG
United Kingdom

The principal place of business is:
Rich Way
The Watton
Brecon
Powys
LD3 7EH

These financial statements were authorised for issue by the Board on 10 July 2026.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in sterling, which is the functional currency of the company, and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services to customers, and the receipt of rental income from tenants.
Trading revenue is recognised when a vehicle that has been sold, serviced or repaired is accepted by the customer, and rental income is recognised in accordance with the daily amounts receivable in accordance with the leases.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Brecon Motors (Distributors) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the UK, which is where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Land and buildings | 1% on cost
Fixtures and fittings | 4% and 15% on cost
Motor vehicles | 25% on cost or 25% on reducing balance

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are amounts due from customers for vehicles sold , services performed or rent receivable in the ordinary course of business.
Trade debtors are recognised at the transaction price.

Stocks

Stock is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated selling cosrs.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities
Trade creditors are recognised at the transaction price.

Brecon Motors (Distributors) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

Provisions

Provisions are recognised when the company has an obligation at the reporting date 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash received .

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2024 - 5).

4 | Tangible assets

| Land and buildings £ | Fixtures and fittings £ | Motor vehicles £ | Total £
Cost or valuation
At 1 January 2025 | 544,374 | 270,427 | 5,497 | 820,298
Additions | 2,685 | 12,793 | - | 15,478
At 31 December 2025 | 547,059 | 283,220 | 5,497 | 835,776
Depreciation
At 1 January 2025 | 55,213 | 167,636 | 5,116 | 227,965
Charge for the year | 3,193 | 10,577 | 10 | 13,780
At 31 December 2025 | 58,406 | 178,213 | 5,126 | 241,745
Carrying amount
At 31 December 2025 | 488,653 | 105,007 | 371 | 594,031
At 31 December 2024 | 489,161 | 102,791 | 381 | 592,333

Included within the net book value of land and buildings above is £488,653 (2024 - £489,161) in respect of freehold land and buildings.

Brecon Motors (Distributors) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

5 | Investment properties

| 2025 £
At 1 January | 4,167,033
At 31 December | 4,167,033

The investment property class of fixed assets was revalued on 31 December 2025 by a director who is internal to the company. The properties have been valued on an open market basis, taking into account similar properties in the locality, and the terms and length of the current leases.

There has been no valuation of investment property by an independent valuer.

6 | Debtors

Current | Note | 2025 £ | 2024 £
Trade debtors |  | 5,629 | 9,901
Amounts owed by related parties |  | 1,551 | 630
Prepayments |  | 2,360 | 2,635
Other debtors |  | 640 | 877
|  | 10,180 | 14,043

Brecon Motors (Distributors) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2025

7 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Trade creditors | 33,825 | 51,904
Taxation and social security | 76,929 | 83,582
Accruals and deferred income | 48,973 | 51,895
Other creditors | 502,880 | 480,357
| 662,607 | 667,738

8 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary of £1 each | 6,000 | 6,000 | 6,000 | 6,000

9 | Parent and ultimate parent undertaking

The company's immediate parent is Globalroad Ltd, incorporated in England and Wales.