Company registration number 01405171 (England and Wales)
BROOKPASS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
PAGES FOR FILING WITH REGISTRAR
BROOKPASS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
BROOKPASS LIMITED
BALANCE SHEET
AS AT
31 JANUARY 2026
31 January 2026
- 1 -
2026
2025
Notes
£
£
£
£
Fixed assets
Tangible assets
3
38,599
65,185
Investment property
4
7,227,000
4,727,000
Investments
5
5,000
5,000
7,270,599
4,797,185
Current assets
Stocks
1,318,831
2,027,773
Debtors
6
3,842,050
3,247,111
Cash at bank and in hand
206,542
5,074
5,367,423
5,279,958
Creditors: amounts falling due within one year
7
(743,329)
(429,609)
Net current assets
4,624,094
4,850,349
Total assets less current liabilities
11,894,693
9,647,534
Creditors: amounts falling due after more than one year
8
(4,000,762)
(2,341,676)
Provisions for liabilities
(843,204)
(643,542)
Net assets
7,050,727
6,662,316
Capital and reserves
Called up share capital
3,668
3,668
Share premium account
61,663
61,663
Revaluation reserve
10
3,144,711
2,568,781
Capital redemption reserve
1,332
1,332
Profit and loss reserves
3,839,353
4,026,872
Total equity
7,050,727
6,662,316
BROOKPASS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2026
31 January 2026
- 2 -

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

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.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

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

The financial statements were approved and signed by the director and authorised for issue on 5 August 2026
G Newman
Director
Company registration number 01405171 (England and Wales)
BROOKPASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2026
- 3 -
1
Accounting policies
Company information

Brookpass Limited is a private company limited by shares incorporated in England and Wales. The registered office is 20a Cross Road, Tadworth, Surrey, KT20 5SB.

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 the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recover ed.

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.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
33.33% on cost
Motor vehicles
25% on cost

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.

BROOKPASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 4 -
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. Changes in fair value are recognised in profit or loss.

Investment property is carried at fair value determined annually by review of comparable real estate,adjusted if necessary for any difference in the nature,location or condition of specific asset. The review is carried out by the directors. No depreciation is provided,and any changes in fair value are recognised in the profit and loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Stocks held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.7
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.

BROOKPASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
1
Accounting policies
(Continued)
- 5 -
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.

1.8
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.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

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

2026
2025
Number
Number
Total
9
7
BROOKPASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 6 -
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 February 2025
1,561
133,535
135,096
Disposals
-
0
(9,499)
(9,499)
At 31 January 2026
1,561
124,036
125,597
Depreciation and impairment
At 1 February 2025
1,561
68,350
69,911
Depreciation charged in the year
-
0
26,586
26,586
Eliminated in respect of disposals
-
0
(9,499)
(9,499)
At 31 January 2026
1,561
85,437
86,998
Carrying amount
At 31 January 2026
-
0
38,599
38,599
At 31 January 2025
-
0
65,185
65,185
4
Investment property
2026
£
Fair value
At 1 February 2025
4,727,000
Additions
1,687,764
Revaluations
812,236
At 31 January 2026
7,227,000

Investment property comprises of a number of properties. The fair value of the investment property has been arrived at by the director who has experience in the field. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The original cost of the properties is 2025: £1,512,678 (2024: £1,379,940)

5
Fixed asset investments
2026
2025
£
£
Other investments other than loans
5,000
5,000
BROOKPASS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2026
- 7 -
6
Debtors
2026
2025
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
3,418,359
3,047,581
Other debtors
423,691
199,530
3,842,050
3,247,111
7
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans
4,419
4,419
Trade creditors
96,068
90,754
Amounts owed to group undertakings
5,000
5,000
Taxation and social security
21,326
53,919
Other creditors
616,516
275,517
743,329
429,609
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans and overdrafts
3,975,166
2,310,385
Other creditors
25,596
31,291
4,000,762
2,341,676
9
LOANS

Interest is charged on the bank loans at a rate of 2.50 %-5.81% per annum , above the bank's base rate ,and are due to mature between 2022-2027.

10
Revaluation reserve
2026
2025
£
£
At the beginning of the year
2,568,781
2,489,800
Deferred tax on revaluation of tangible assets
(199,662)
-
Other movements
775,592
78,981
At the end of the year
3,144,711
2,568,781
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