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Company No: 04594851 (England and Wales)

# BRIGHTSTAR (MANCHESTER CENTRAL PARK) LIMITED

### UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL PERIOD FROM 01 MARCH 2025 TO 31 AUGUST 2025
PAGES FOR FILING WITH THE REGISTRAR

BRIGHTSTAR (MANCHESTER CENTRAL PARK) LIMITED

## UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 MARCH 2025 TO 31 AUGUST 2025

Contents

BRIGHTSTAR (MANCHESTER CENTRAL PARK) LIMITED

## COMPANY INFORMATION

FOR THE FINANCIAL PERIOD FROM 01 MARCH 2025 TO 31 AUGUST 2025
BRIGHTSTAR (MANCHESTER CENTRAL PARK) LIMITED

## COMPANY INFORMATION (continued)

FOR THE FINANCIAL PERIOD FROM 01 MARCH 2025 TO 31 AUGUST 2025

DIRECTORS | N Gupta
| J N M Taylor

REGISTERED OFFICE | Holiday Inn
| 888 Oldham Road
| Manchester
| M40 2BS
| United Kingdom

COMPANY NUMBER | 04594851 (England and Wales)

ACCOUNTANT | Shaw Gibbs Limited
| Wey Court West
| Union Road
| Farnham
| Surrey
| GU9 7PT

BRIGHTSTAR (MANCHESTER CENTRAL PARK) LIMITED

## BALANCE SHEET

AS AT 31 AUGUST 2025
BRIGHTSTAR (MANCHESTER CENTRAL PARK) LIMITED

## BALANCE SHEET (continued)

AS AT 31 AUGUST 2025

| Note | 31.08.2025 |  | 28.02.2025
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 4 | 7,500,000 |  | 7,500,000
Investments | 5 | 200 |  | 200
|  | 7,500,200 |  | 7,500,200
Current assets |  |  |  |
Debtors | 6 | 1,306,270 |  | 1,210,248
Cash at bank and in hand |  | 6,537 |  | 6,119
|  | 1,312,807 |  | 1,216,367
Creditors: amounts falling due within one year | 7 | ( 300,428) |  | ( 261,335)
Net current assets |  | 1,012,379 |  | 955,032
Total assets less current liabilities |  | 8,512,579 |  | 8,455,232
Creditors: amounts falling due after more than one year | 8 | ( 3,333,585) |  | ( 3,393,622)
Provision for liabilities | 9 | ( 907,500) |  | 0
Net assets |  | 4,271,494 |  | 5,061,610
Capital and reserves |  |  |  |
Called-up share capital |  | 400 |  | 400
Profit and loss account |  | 4,271,094 |  | 5,061,210
Total shareholder's funds |  | 4,271,494 |  | 5,061,610

For the financial period ending 31 August 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has not required the Company to obtain an audit of its financial statements for the financial period in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Brightstar (Manchester Central Park) Limited (registered number: 04594851) were approved and authorised for issue by the Board of Directors on 31 July 2026. They were signed on its behalf by:

J N M Taylor Director |

BRIGHTSTAR (MANCHESTER CENTRAL PARK) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 MARCH 2025 TO 31 AUGUST 2025
BRIGHTSTAR (MANCHESTER CENTRAL PARK) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 MARCH 2025 TO 31 AUGUST 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Brightstar (Manchester Central Park) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Holiday Inn, 888 Oldham Road, Manchester, M40 2BS, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Reporting period length

The accounting period has been shortened to align the year end with other related companies.

##### Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

##### Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

##### Taxation

Current tax
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.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 4 - 10 years straight line
Office equipment | 4 - 10 years straight line
Computer equipment | 4 - 10 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
The Company as lessor
Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

##### Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

##### 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.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

##### Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.
The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

##### Sale and leaseback

Where a sale and leaseback transaction results in a finance lease, no gain is immediately recognised for any excess of sales proceeds over the carrying amount of the asset. Instead, the proceeds are presented as a liability and subsequently measured at amortised cost using the effective interest method.

#### 2. Employees

| Period from 01.03.2025 to 31.08.2025 |  | Year ended 28.02.2025
| Number |  | Number
Monthly average number of persons employed by the Company during the period, including directors | 0 |  | 0

#### 3. Tangible assets

| Plant and machinery |  | Office equipment |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 March 2025 | 750 |  | 508,160 |  | 54,401 |  | 563,311
At 31 August 2025 | 750 |  | 508,160 |  | 54,401 |  | 563,311
Accumulated depreciation |  |  |  |  |  |  |
At 01 March 2025 | 750 |  | 508,160 |  | 54,401 |  | 563,311
At 31 August 2025 | 750 |  | 508,160 |  | 54,401 |  | 563,311
Net book value |  |  |  |  |  |  |
At 31 August 2025 | 0 |  | 0 |  | 0 |  | 0
At 28 February 2025 | 0 |  | 0 |  | 0 |  | 0

#### 4. Investment property

| Investment property
| £
Valuation |
As at 01 March 2025 | 7,500,000
As at 31 August 2025 | 7,500,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

| 31.08.2025 |  | 28.02.2025
| £ |  | £
Historic cost | 7,500,000 |  | 7,500,000

#### 5. Fixed asset investments

| Other investments |  | Total
| £ |  | £
Cost or valuation before impairment |  |  |
At 01 March 2025 | 200 |  | 200
At 31 August 2025 | 200 |  | 200
Carrying value at 31 August 2025 | 200 |  | 200
Carrying value at 28 February 2025 | 200 |  | 200

#### 6. Debtors

| 31.08.2025 |  | 28.02.2025
| £ |  | £
Amounts owed by Group undertakings | 1,255,626 |  | 1,139,236
Prepayments | 37,787 |  | 37,142
VAT recoverable | 12,857 |  | 24,014
Corporation tax | 0 |  | 9,856
| 1,306,270 |  | 1,210,248

#### 7. Creditors: amounts falling due within one year

| 31.08.2025 |  | 28.02.2025
| £ |  | £
Trade creditors | 35,187 |  | 35,187
Amounts owed to Group undertakings | 150,334 |  | 0
Amounts owed to directors | 19,090 |  | 200,000
Accruals and deferred income | 53,403 |  | 26,148
Corporation tax | 42,414 |  | 0
| 300,428 |  | 261,335

#### 8. Creditors: amounts falling due after more than one year

| 31.08.2025 |  | 28.02.2025
| £ |  | £
Deferred income | 3,333,585 |  | 3,393,622

#### 9. Deferred tax

| 31.08.2025 |  | 28.02.2025
| £ |  | £
At the beginning of financial period/year | 0 |  | 0
Charged to the Statement of Income and Retained Earnings | ( 907,500) |  | 0
At the end of financial period/year | ( 907,500) |  | 0

The deferred taxation balance is made up as follows:

| 31.08.2025 |  | 28.02.2025
| £ |  | £
Revaluation of investment property | ( 907,500) |  | 0

#### 10. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

| 31.08.2025 |  | 28.02.2025
| £ |  | £
Within one year | 95,000 |  | 95,000
Between one and five years | 380,000 |  | 380,000
After five years | 13,157,500 |  | 13,252,500
Total future minimum lease payments under non-cancellable operating leases | 13,632,500 |  | 13,727,500

#### 11. Related party transactions

Other related party transactions

The company has taken advantage of the exemption conferred by section 33 in Financial Reporting Standard 102 "Related party disclosures" not to disclose transactions with wholly owned members of the group headed by Brightstar (Manchester) Limited.

#### 12. Ultimate controlling party

Parent Company:

Brightstar (Manchester) Limited
Holiday Inn, 888 Oldham Road, Manchester, M40 2BS