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Company No: 11083028 (England and Wales)

# BRIGHTSTAR (MANCHESTER) LIMITED

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

BRIGHTSTAR (MANCHESTER) LIMITED

## UNAUDITED FINANCIAL STATEMENTS

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

Contents

BRIGHTSTAR (MANCHESTER) LIMITED

## COMPANY INFORMATION

FOR THE FINANCIAL PERIOD FROM 01 MARCH 2025 TO 31 AUGUST 2025
BRIGHTSTAR (MANCHESTER) 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 | 11083028 (England and Wales)

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

BRIGHTSTAR (MANCHESTER) LIMITED

## BALANCE SHEET

AS AT 31 AUGUST 2025
BRIGHTSTAR (MANCHESTER) LIMITED

## BALANCE SHEET (continued)

AS AT 31 AUGUST 2025

| Note | 31.08.2025 |  | 28.02.2025
|  | £ |  | £
Fixed assets |  |  |  |
Investments | 3 | 7,068,599 |  | 7,068,599
|  | 7,068,599 |  | 7,068,599
Current assets |  |  |  |
Debtors | 4 | 45,301 |  | 50,104
Cash at bank and in hand |  | 19,172 |  | 2,190
|  | 64,473 |  | 52,294
Creditors: amounts falling due within one year | 5 | ( 2,494,360) |  | ( 2,358,857)
Net current liabilities |  | (2,429,887) |  | (2,306,563)
Total assets less current liabilities |  | 4,638,712 |  | 4,762,036
Creditors: amounts falling due after more than one year | 6 | ( 2,637,000) |  | ( 2,601,661)
Net assets |  | 2,001,712 |  | 2,160,375
Capital and reserves |  |  |  |
Called-up share capital |  | 20 |  | 20
Profit and loss account |  | 2,001,692 |  | 2,160,355
Total shareholders' funds |  | 2,001,712 |  | 2,160,375

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 members have 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) Limited (registered number: 11083028) were approved and authorised for issue by the Board of Directors on 12 August 2026. They were signed on its behalf by:

J N M Taylor Director |

BRIGHTSTAR (MANCHESTER) LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL PERIOD FROM 01 MARCH 2025 TO 31 AUGUST 2025
BRIGHTSTAR (MANCHESTER) 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) 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 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 £.

##### Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

##### Reporting period length

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

##### Foreign currency

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

##### Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
• the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

##### Finance costs

Finance costs are charged to the Statement of Income and Retained Earnings over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

##### Taxation

Current tax
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

##### 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.

##### 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.

Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.

##### Provisions

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

#### 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. Fixed asset investments

Investments in subsidiaries

| 31.08.2025
| £
Cost |
At 01 March 2025 | 7,068,599
At 31 August 2025 | 7,068,599
Carrying value at 31 August 2025 | 7,068,599
Carrying value at 28 February 2025 | 7,068,599

#### 4. Debtors

| 31.08.2025 |  | 28.02.2025
| £ |  | £
Other debtors | 45,301 |  | 50,104

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

| 31.08.2025 |  | 28.02.2025
| £ |  | £
Amounts owed to Group undertakings | 2,357,008 |  | 2,212,929
Amounts owed to directors | 135,927 |  | 145,928
Accruals | 1,425 |  | 0
| 2,494,360 |  | 2,358,857

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

| 31.08.2025 |  | 28.02.2025
| £ |  | £
Bank loans | 1,900,000 |  | 1,864,671
Other loans | 737,000 |  | 736,990
| 2,637,000 |  | 2,601,661

The loan is secured by a fixed and floating charge over the property and undertaking of the company.

#### 7. 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.