Brindlebay Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 14545914

BRINDLEBAY LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2026

BRINDLEBAY LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2026

	2026		2025
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		34,731		43,906

CURRENT ASSETS

Stocks		4,050,000	–
Debtors	6	25,740	41,564
Cash at bank and in hand		54,340	23,516
		------------	--------
		4,130,080	65,080

CREDITORS: amounts falling due within one year	7	1,089,163		145,924
		------------		---------
NET CURRENT ASSETS/(LIABILITIES)			3,040,917		( 80,844)
			------------		--------
TOTAL ASSETS LESS CURRENT LIABILITIES			3,075,648		( 36,938)

CREDITORS: amounts falling due after more than one year	8	3,052,248	37,800
		------------	--------
NET ASSETS/(LIABILITIES)		23,400	( 74,738)
		------------	--------

CAPITAL AND RESERVES

Called up share capital fully paid	10	10
Profit and loss account	23,390	( 74,748)
	--------	--------
SHAREHOLDERS FUNDS/(DEFICIT)	23,400	( 74,738)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BRINDLEBAY LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026

These financial statements were approved by the board of directors and authorised for issue on 10 August 2026 , and are signed on behalf of the board by:

Mr B S Williams

Director

Company registration number: 14545914

BRINDLEBAY LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2026

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Fairy's Lodge Fram, Church Lane, Covington, Huntingdon, PE28 ORT.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Work in progress

Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Borrowing costs are expensed as incurred.

Revenue recognition

Revenue represents the fair value of consideration receivable for construction and development services provided during the year, net of value added tax and trade discounts. Revenue from development contracts is recognised over time by reference to the stage of completion of the contract activity at the reporting date, provided that the outcome of the contract can be estimated reliably. The stage of completion is determined by reference to the proportion of contract costs incurred at the reporting date compared with the estimated total contract costs, as this method most faithfully depicts the transfer of control of the services to the customer. Where it is probable that total contract costs will exceed total contract revenue, the expected loss is recognised immediately in the profit and loss account. Costs incurred that relate to future contract activity are recognised as work in progress where it is probable that they will be recovered. Where the outcome of a development contract cannot be estimated reliably, revenue is recognised only to the extent of contract costs incurred that are expected to be recoverable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Office equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 3 (2025: 3 ).

5. TANGIBLE ASSETS

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 April 2025	58,304	294	58,598
Additions	2,500	–	2,500
	--------	----	--------
At 31 March 2026	60,804	294	61,098
	--------	----	--------
Depreciation
At 1 April 2025	14,496	196	14,692
Charge for the year	11,577	98	11,675
	--------	----	--------
At 31 March 2026	26,073	294	26,367
	--------	----	--------
Carrying amount
At 31 March 2026	34,731	–	34,731
	--------	----	--------
At 31 March 2025	43,808	98	43,906
	--------	----	--------

6. DEBTORS

	2026	2025
	£	£
Other debtors	25,740	41,564
	--------	--------

7. CREDITORS: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	678	14,305
Social security and other taxes	1,277	–
Other creditors	1,087,208	131,619
	------------	---------
	1,089,163	145,924
	------------	---------

8. CREDITORS: amounts falling due after more than one year

	2026	2025
	£	£
Loans	3,027,388	–
Other creditors	24,860	37,800
	------------	--------
	3,052,248	37,800
	------------	--------

The above loans are secured via fixed and floating charges over the development land and property owned by the company.

9. OPERATING LEASES

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

	2026	2025
	£	£
Not later than 1 year	5,683	5,683
Later than 1 year and not later than 5 years	947	6,630
	-------	--------
	6,630	12,313
	-------	--------

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr B S Williams	9,411	30,000	( 975,000)	( 935,589)
	-------	--------	---------	---------

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr B S Williams	( 9,818)	19,229	–	9,411
	-------	--------	----	-------