Registration number: 11604038

Bessex Property Ltd

Contents

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

Bessex Property Ltd

Company Information

Director

Mr T J Bessex

Registered office

21 Blackberry Drive Frampton Cotterell Bristol BS36 2SL

Accountants

Stone & Co Chartered Accountants 2 Charnwood House Marsh Road Ashton Bristol BS3 2NA

Bessex Property Ltd

(Registration number: 11604038)
Balance Sheet as at 31 October 2025

	Note	2025 £		2024 £
Fixed assets
Tangible assets	4		16,910	21,138
Investment property	5		1,089,726	1,089,726
			1,106,636	1,110,864
Current assets
Debtors	6	75,948		85,886
Cash at bank and in hand		28,002		5,751
		103,950		91,637
Creditors: Amounts falling due within one year	7	(198,295)		(203,540)
Net current liabilities			(94,345)	(111,903)
Total assets less current liabilities			1,012,291	998,961
Creditors: Amounts falling due after more than one year	7		(568,220)	(574,435)
Provisions for liabilities			(94,542)	(97,008)
Net assets			349,529	327,518
Capital and reserves
Called up share capital		250		250
Revaluation reserve		292,619		292,619
Retained earnings		56,660		34,649
Shareholders' funds			349,529	327,518

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

Director's 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 director acknowledges his 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Bessex Property Ltd

(Registration number: 11604038)
Balance Sheet as at 31 October 2025

Approved and authorised by the director on 15 July 2026
 

.........................................

Mr T J Bessex
Director

Bessex Property Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 October 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:
21 Blackberry Drive
Frampton Cotterell
Bristol
BS36 2SL

These financial statements were authorised for issue by the director on 15 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

The current income 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 countries where the company operates and generates taxable income.

Bessex Property Ltd

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

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 balance sheet 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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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 if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Bessex Property Ltd

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (excluding the director) during the year, was 0 (2024 - 0).

Bessex Property Ltd

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

4	Tangible assets

	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 November 2024	1,407	33,588	34,995
At 31 October 2025	1,407	33,588	34,995
Depreciation
At 1 November 2024	1,407	12,450	13,857
Charge for the year	-	4,228	4,228
At 31 October 2025	1,407	16,678	18,085
Carrying amount
At 31 October 2025	-	16,910	16,910
At 31 October 2024	-	21,138	21,138

5	Investment properties

	2025 £
At 1 November	1,089,726
At 31 October	1,089,726

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

6

Debtors

Current	Note	2025 £	2024 £
Amounts owed by related parties	8	72,878	85,590
Prepayments		2,774	-
Other debtors		296	296
		75,948	85,886

Bessex Property Ltd

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

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings		8,388	5,115
Trade creditors		6,263	4,832
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	93,330	105,330
Taxation and social security		7,200	6,800
Accruals and deferred income		3,000	3,000
Other creditors		80,114	78,463
		198,295	203,540

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		568,220	574,435

8	Related party transactions

At the balance sheet date, the company owed the director £80,116 (2024: £78,464). The balance was interest free and repayable on demand.

The company also owed £55,000 to immediate family members of the director (2024: £55,000). The balance of this was interest free.

At the balance sheet date the company owed £93,330 to companies under common control (2024: £105,330), and was owed £72,877 from companies under common control (2024: 85,590).

Summary of transactions with other related parties

9	Parent and ultimate parent undertaking

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

 The ultimate parent is Stae Homes Ltd, incorporated in England and Wales.