Company Registration No. 00517692 (England and Wales)
Branksome Estates Ltd.
Unaudited financial statements
for the year ended 31 December 2025
Pages for filing with the registrar
Branksome Estates Ltd.
Contents
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 10
Branksome Estates Ltd.
Balance sheet
As at 31 December 2025
1
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
32,238
56,418
Investment property
3
44,447,914
42,495,339
44,480,152
42,551,757
Current assets
Debtors
5
804,494
1,284,442
Cash at bank and in hand
63,006
70,306
867,500
1,354,748
Creditors: amounts falling due within one year
6
(2,787,870)
(2,311,554)
Net current liabilities
(1,920,370)
(956,806)
Total assets less current liabilities
42,559,782
41,594,951
Provisions for liabilities
(488,209)
(452,564)
Net assets
42,071,573
41,142,387
Capital and reserves
Called up share capital
8
1,300
1,300
Share premium account
11,025
11,025
Other reserves
9,220,466
8,959,835
Profit and loss reserves
32,838,782
32,170,227
Total equity
42,071,573
41,142,387

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Branksome Estates Ltd.
Balance sheet (continued)
As at 31 December 2025
2
The financial statements were approved by the board of directors and authorised for issue on 10 August 2026 and are signed on its behalf by:
Mr J S Whitelock
Director
Company Registration No. 00517692
Branksome Estates Ltd.
Statement of changes in equity
For the year ended 31 December 2025
3
Share capital
Share premium account
Other reserves
Profit and loss reserves
Total
Notes
£
£
£
£
£
Balance at 1 January 2024
1,300
11,025
9,149,029
31,283,340
40,444,694
Year ended 31 December 2024:
Profit and total comprehensive income for the year
-
-
-
789,568
789,568
Dividends
-
-
-
(91,875)
(91,875)
Transfers
-
-
(189,194)
189,194
-
Balance at 31 December 2024
1,300
11,025
8,959,835
32,170,227
41,142,387
Year ended 31 December 2025:
Profit and total comprehensive income for the year
-
-
-
1,021,084
1,021,084
Dividends
-
-
-
(91,898)
(91,898)
Transfers
-
-
260,631
(260,631)
-
Balance at 31 December 2025
1,300
11,025
9,220,466
32,838,782
42,071,573
Branksome Estates Ltd.
Notes to the financial statements
For the year ended 31 December 2025
4
1
Accounting policies
Company information

Branksome Estates Ltd. is a private company limited by shares incorporated in England and Wales. The registered office is 310 Bournemouth Road, Parkstone, Poole, Dorset, BH14 9AR.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of 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 show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover
Turnover represents the rents, ground rents and expenses recharged from the letting of the company's properties. It also includes the proceeds of sales of properties acquired for development.
1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Tangible fixed assets other than investment properties are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life.

Motor vehicles
25% straight line

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.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

1.5
Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Branksome Estates Ltd.
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
5

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.6
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 current liabilities.

1.7
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention 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, 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.

Classification of financial liabilities

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.

Branksome Estates Ltd.
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
6
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 paymen ts 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. A m ounts 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.

1.8
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.9
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes 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 reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

Branksome Estates Ltd.
Notes to the financial statements (continued)
For the year ended 31 December 2025
1
Accounting policies (continued)
7
1.10
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11
Leases

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.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
3
3
3
Investment property
2025
£
Fair value
At 1 January 2025
42,495,339
Additions
1,653,202
Disposals
(160,000)
Revaluations
459,373
At 31 December 2025
44,447,914

The fair value of the investment properties has been arrived at on the basis of a valuation carried out by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

Branksome Estates Ltd.
Notes to the financial statements (continued)
For the year ended 31 December 2025
8
4
Tangible fixed assets
Motor vehicles
£
Cost
At 1 January 2025 and 31 December 2025
96,718
Depreciation and impairment
At 1 January 2025
40,300
Depreciation charged in the year
24,180
At 31 December 2025
64,480
Carrying amount
At 31 December 2025
32,238
At 31 December 2024
56,418
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
276,474
274,398
Other debtors
528,020
1,010,044
804,494
1,284,442
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
776,247
856,954
Trade creditors
275,257
243,399
Amounts owed to group undertakings
80,000
-
0
Corporation tax
114,669
261,778
Other taxation and social security
3,260
3,250
Other creditors
1,538,437
946,173
2,787,870
2,311,554

The company's bankers hold a fixed and floating charge over the assets of the company.

Branksome Estates Ltd.
Notes to the financial statements (continued)
For the year ended 31 December 2025
9
7
Deferred taxation

Deferred tax assets and liabilities are offset where the company has a legally enforceable right to do so. The following is the analysis of the deferred tax balances (after offset) for financial reporting purposes:

Liabilities
Liabilities
2025
2024
Balances:
£
£
ACAs
6,839
3,097
Investment property
481,370
449,467
488,209
452,564
2025
Movements in the year:
£
Liability at 1 January 2025
452,564
Charge to profit or loss
35,645
Liability at 31 December 2025
488,209
8
Called up share capital
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1,300
1,300
1,300
1,300
9
Other reserves

The "Other reserves" represents the cumulative unrealised fair value gains and losses, including the associated deferred tax, on investment properties.

Branksome Estates Ltd.
Notes to the financial statements (continued)
For the year ended 31 December 2025
10
10
Related party transactions

At the year end, deposits of £37,999 (20 24: £36,860) were held on trust for the benefit of the company by The Whitelock Group Bank Accounts Trust. A declaration of trust is in place over the deposit balance and therefore is disclosed as part of the company's cash at bank on the balance sheet.

At the year end, a loan balance of £507,775 (2024: £989,533) was owed from companies controlled by a director. Interest is charged on the loans at 0.75% above the official Bank of England rate.

At the year end, a balance of £80,000 (2024: £nil) was owed to companies controlled by a director. No interest is charged on this balance.

During the year, the company incurred costs of £8,000 (2025: £nil) in respect of property consultancy and

management services provided by a director of the company. At the year end, no amounts were outstanding to the director in relation to these transactions (2025: £nil). The transactions were undertaken on normal commercial terms.

11
Parent company

The company is a wholly owned subsidiary of Whitelock Investments, an unlimited company incorporated in Great Britain. The ultimate controlling party is Mr J S Whitelock, who is a director and majority shareholder in Whitelock Investments.

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