REGISTERED NUMBER: 09288624 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 October 2025

for

Brookland Developments Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

364

501

Investment property

5

2,549,184

2,520,000

2,549,548

2,520,501

CURRENT ASSETS

Debtors

6

731,513

729,807

Cash at bank

7,537

12,194

739,050

742,001

CREDITORS

Amounts falling due within one year

7

996,771

969,592

NET CURRENT LIABILITIES

(257,721

)

(227,591

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,291,827

2,292,910

CREDITORS

Amounts falling due after more than one year

8

(316,814

)

(326,774

)

PROVISIONS FOR LIABILITIES

(367,226

)

(386,344

)

NET ASSETS

1,607,787

1,579,792

CAPITAL AND RESERVES

Called up share capital

10

1

1

Revaluation reserve

11

1,166,055

1,146,846

Retained earnings

441,731

432,945

1,607,787

1,579,792

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 July 2026 and were signed on its behalf by:

J S Brooksbank - Director

1.	STATUTORY INFORMATION

Brookland Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09288624

Registered office:

First Floor Clifton House

Birkby Lane

Bailiff Bridge

Brighouse

HD6 4JJ

2.	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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to give a true and fair view.

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

Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Fixtures & fittings

- 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The gain or loss arising on the disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.

Investment property

Investment properties for which fair value can be measured reliably without undue cost or effort on an ongoing basis are measured at fair value annually with any change recognised in the profit and loss account.

Taxation

Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date and are expected to apply to the reversal of the timing difference.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - Trade debtors, other debtors, cash and bank balances, trade creditors, other creditors, inter-company balances and and bank loans.

Trade debtors, other debtors, cash and bank balances, trade creditors, other creditors and inter-company balances are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently measured at amortised cost using the effective interest method.

Impairment of assets

Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets

An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets

For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had the impairment loss not been recognised.

Critical accounting judgements and sources of estimation uncertainty

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about the carrying values 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 if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The critical judgements that the directors have made in applying the company's accounting policies and the key sources of estimation uncertainty that have had the most significant effect on the amounts recognised in the financial statements are described below:

Investment property

The company makes an estimate of the fair value of investment property at each reporting date. The last valuation of the company's investment property portfolio was performed at 30 June 2020. The directors undertake a review of the property portfolio at each reporting date to assess whether the fair value has changed significantly since the previous reporting date. When assessing the fair values, management considers current commercial property trends and rental yields.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

and 31 October 2025

684

DEPRECIATION

At 1 November 2024

183

Charge for year

137

At 31 October 2025

320

NET BOOK VALUE

At 31 October 2025

364

At 31 October 2024

501

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

2,520,000

Additions

29,184

At 31 October 2025

2,549,184

NET BOOK VALUE

At 31 October 2025

2,549,184

At 31 October 2024

2,520,000

Fair value at 31 October 2025 is represented by:

£

Valuation in 2016

479,318

Valuation in 2022

715,461

Valuation in 2024

338,411

Cost

1,015,994

2,549,184

If investment property had not been revalued it would have been included at the following historical cost:

2025

2024

£

£

Cost

1,015,994

986,810

Investment property was valued on an open market basis on 31 October 2025 by the directors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

943

900

Other debtors

730,570

728,907

731,513

729,807

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

9,556

8,661

Trade creditors

3,463

408

Taxation and social security

2,399

7,727

Other creditors

981,353

952,796

996,771

969,592

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

316,814

326,774

Amounts falling due in more than five years:

Repayable by instalments

Bank loans

267,884

282,569

9.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

326,370

335,435

Bank loans are secured by a fixed charge dated 31 August 2023 over the freehold property of the company.

10.	CALLED UP SHARE CAPITAL

2025

2024

£

£

Allotted, issued and fully paid

1

1

1

1

11.

RESERVES

Revaluation

reserve

£

At 1 November 2024

1,146,846

Investment property

19,209

At 31 October 2025

1,166,055

Investment property revaluation reserve

The revaluation reserve represents cumulative gains recognised on the revaluation of investment

property less deferred taxation related to those revaluation gains.

12.	RELATED PARTY DISCLOSURES

At the balance sheet date £840,180 (2024 - £815,513) was owed to entities under common control or controlled by close family members, of the director and shareholder of Brookland Developments Limited, and £727,990 (2024 - £727,990) was owed by entities under common control or controlled by close family members, of the director and shareholder of Brookland Developments Limited.