Brick Street Gallery Limited


Directors	Mandeep Singh Binning
	Antonis Demetri
	Vincenzo Salvatore Antonio Spano
	Antonis Theori
	Nicholas Theori


Registered Address	2nd Floor 10-12 Bourlet Close
	London
	W1W 7BR


Place of Business	Olive Tree Centre
	472A Larkshall Road
	Higham's Park
	London
	E4 9HH


Registered Number	13193110 (England and Wales)

Balance Sheet as at
28 February 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Tangible assets	3		850,000		850,000
			850,000		850,000
Current assets
Debtors	4	3,008		4,720
Cash at bank and on hand		1,341		3,223
		4,349		7,943
Creditors amounts falling due within one year	5	(543,086)		(535,908)
Net current assets (liabilities)			(538,737)		(527,965)
Total assets less current liabilities			311,263		322,035
Provisions for liabilities	7		(70,761)		(70,761)
Net assets			240,502		251,274
Capital and reserves
Called up share capital			120		120
Profit and loss account			240,382		251,154
Shareholders' funds			240,502		251,274

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Board of Directors on 27 April 2026, and are signed on its behalf by:

Mandeep Singh Binning
Director
Registered Company No. 13193110

Brick Street Gallery Limited

Notes to the Financial Statements
for the year ended 28 February 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover represents the net value of the rent received as per rental agreements.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Investment property
	Investment Properties are stated at fair market valuation. Surplus or deficit arising on the revaluation are transferred to the profit and loss account.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		0

3.	Tangible fixed assets

	Land & buildings	Total
	£	£
Cost or valuation
At 01 March 25	850,000	850,000
At 28 February 26	850,000	850,000
Net book value
At 28 February 26	850,000	850,000
At 28 February 25	850,000	850,000


	The valuation of the properties has been carried out by the directors of the company and reflects the fair market value at the balance sheet date.

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	-	1,500
Prepayments and accrued income	3,008	3,220
Total	3,008	4,720

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	490	432
Other creditors	540,676	533,676
Accrued liabilities and deferred income	1,920	1,800
Total	543,086	535,908

6.	Creditors: amounts due after one year
	The bank and bridging loans are secured against the properties and personal guaranties are given by the directors.

7.	Provisions for liabilities

	2026	2025
	£	£
Net deferred tax liability (asset)	70,761	70,761
Total	70,761	70,761