REGISTERED NUMBER: 10934676 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2026

for

Bruce-Smith Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D Bruce-Smith

M D Smith

REGISTERED OFFICE:

16 Kingswood Drive

London

United Kingdom

SE19 1UR

REGISTERED NUMBER:

10934676 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

London

SE19 3RW

FIXED ASSETS

Investments

5

311,485

774

Investment property

6

1,445,000

1,820,000

1,756,485

1,820,774

CURRENT ASSETS

Debtors

7

3,770

3,518

Cash at bank and in hand

59,818

91,674

63,588

95,192

CREDITORS

Amounts falling due within one year

8

(1,531,636

)

(1,687,450

)

NET CURRENT LIABILITIES

(1,468,048

)

(1,592,258

)

TOTAL ASSETS LESS CURRENT LIABILITIES

288,437

228,516

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Fair value reserve

9

27,847

14,321

Retained earnings

250,590

204,195

288,437

228,516

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 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 27 July 2026 and were signed on its behalf by:

M D Smith - Director

Mrs D Bruce-Smith - Director

1.	STATUTORY INFORMATION

Bruce-Smith Investments 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.

Critical accounting judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying value of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments

The company chose to adopt section 11 and 12 of Financial Reporting Standard 102 in respect of financial instruments.

(i) Financial assets

Basic financial assets, including trade and other debtors, cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest and accounted through the income statement.

Financing transaction assets are subsequently carried at amortised cost using the effective interest rate method.

(ii) Financial liabilities

Basic financial liabilities include all trade and other creditors, bank overdrafts, intra-group balances and hire purchase contracts, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at market rate of interest.

Financing transaction debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

Fixed assets investments

Fixed asset investments represent listed and unlisted investments, valued at current market value basis. Any aggregate surplus or deficit arising from changes in market value is recognised in profit or loss.

Going concern

The directors assessment of the financial statements, anticipated future operating activity and cash flows shows no indication of any adverse events or conditions that would affect the company's ability to continue as a going concern. The company is supported through unsecured loans from the directors. The directors have confirmed that the loans are repayable on demand and will continue to be available for at least 12 months from the date of approval of these financial statements. The directors believe that, given the expected year on year improvements in current assets, the company will be able to support its operation and service any short term debts as they fall due. The directors believe it is appropriate to continue to adopt the going concern basis of preparation of the financial statements.

4.	EMPLOYEES AND DIRECTORS

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

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2025

774

Additions

297,749

Revaluations

13,526

Impairments

(564

)

At 31 March 2026

311,485

NET BOOK VALUE

At 31 March 2026

311,485

At 31 March 2025

774

Cost or valuation at 31 March 2026 is represented by:

Other

investments

£

Valuation in 2026

13,735

Cost

297,750

311,485

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.3.26

31.3.25

£

£

Cost

297,750

774

Fixed asset investments were valued on an open market basis on 31 March 2026 by Aegon Investments .

The fair value of listed investments was determined with reference to the quoted market price at the reporting date. Disposals are presented at cost, cumulative fair value gains and losses recognised to the date of disposal have been included in the fair value movement. The cost of the shares on acquisition of those investments held at 31 March 2026 was £297,750 (2025: £774). The fair value gain of £13,525 (2025: £0.00) has been recognised in the profit and loss account with no other fair value movements in the current or prior year.

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2025

1,820,000

Disposals

(375,000

)

At 31 March 2026

1,445,000

NET BOOK VALUE

At 31 March 2026

1,445,000

At 31 March 2025

1,820,000

Fair value at 31 March 2026 is represented by:

£

Valuation in 2026

(56,098

)

Cost

1,501,098

1,445,000

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

31.3.26

31.3.25

£

£

Cost

1,501,098

1,898,697

Investment properties were valued on an open market basis on 31 March 2026 by the directors .

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Other debtors

3,770

3,518

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.26

31.3.25

£

£

Trade creditors

(1

)

1

Tax

9,156

14,968

Other creditors

3,518

3,518

Directors' current accounts

1,514,763

1,664,763

Accruals and deferred income

4,200

4,200

1,531,636

1,687,450

9.

RESERVES

Fair

value

reserve

£

At 1 April 2025

14,321

Revaluation

13,526

At 31 March 2026

27,847

10.	RELATED PARTY DISCLOSURES

Included in other creditors are loans owed to directors totalling £1,514,763 (2025: £1,664,763). These advances are unsecured interest free loans which are repayable on demand.

11.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the board of directors.