REGISTERED NUMBER: 10392814 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2025

FOR

BR1 PROPERTIES MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M L Bungar

Mrs B Bungar

REGISTERED OFFICE:

Suite number 5, 204-206 High Street

Bromley

Kent

BR1 1PW

REGISTERED NUMBER:

10392814 (England and Wales)

ACCOUNTANTS:

Hadleys & Co.

Ground Floor

Import Building

2 Clove Crescent

London

E14 2BE

FIXED ASSETS

Tangible assets

3

515,000

515,000

CURRENT ASSETS

Cash at bank

12,105

3,680

CREDITORS

Amounts falling due within one year

4

(131,249

)

(124,517

)

NET CURRENT LIABILITIES

(119,144

)

(120,837

)

TOTAL ASSETS LESS CURRENT LIABILITIES

395,856

394,163

CREDITORS

Amounts falling due after more than one year

5

(381,796

)

(381,826

)

NET ASSETS

14,060

12,337

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

14,058

12,335

14,060

12,337

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 10 July 2026 and were signed on its behalf by:

M L Bungar - Director

1.	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.

Turnover

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

Tangible fixed assets

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

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - NIL ) .

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 October 2024

and 30 September 2025

515,000

NET BOOK VALUE

At 30 September 2025

515,000

At 30 September 2024

515,000

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other creditors

131,249

124,517

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

381,796

381,826

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

381,796

381,826

6.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

381,796

381,826

Masthaven Bank Limited have a first legal charge over the investment property of BR1 Properties Management Limited.