REGISTERED NUMBER: 13342485 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Brynmill Ground Rents Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Ballard

M D French

REGISTERED OFFICE:

45/51, Wychtree Street

Morriston

Swansea

West Glamorgan

SA6 8EX

REGISTERED NUMBER:

13342485 (England and Wales)

ACCOUNTANTS:

Cambrian & Co Ltd

13A Victoria Gardens

Neath

West Glamorgan

SA11 3AY

FIXED ASSETS

Investment property

4

1,375,057

1,384,126

CURRENT ASSETS

Debtors

5

(290

)

9,401

CREDITORS

Amounts falling due within one year

6

1,121,989

1,207,180

NET CURRENT LIABILITIES

(1,122,279

)

(1,197,779

)

TOTAL ASSETS LESS CURRENT LIABILITIES

252,778

186,347

CREDITORS

Amounts falling due after more than one year

7

210,778

-

NET ASSETS

42,000

186,347

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

41,998

186,345

42,000

186,347

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 June 2026 and were signed on its behalf by:

P Ballard - Director

1.	STATUTORY INFORMATION

Brynmill Ground Rents Ltd 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.

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 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.

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.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

1,384,126

Disposals

(9,069

)

At 31 October 2025

1,375,057

NET BOOK VALUE

At 31 October 2025

1,375,057

At 31 October 2024

1,384,126

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

(290

)

9,401

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Tax

18,552

19,738

Other creditors

-

9,420

Amounts due to related company

1,103,037

1,177,622

Accrued expenses

400

400

1,121,989

1,207,180

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Loan from Glarus Holdings Ltd

200,000

-

Accruals and deferred income

10,778

-

210,778

-

8.	RELATED PARTY DISCLOSURES

Included in creditors is an amount of £1,103,037 (2024 £1,177,622) due from associated company under common control Tapestart Ltd. Tapestart Ltd acts as a clearing house for intercompany transactions between associated companies.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P Ballard.