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Company No: 08994786 (England and Wales)

# BRISTOL TRIANGLE PROPERTIES LIMITED

### Unaudited Financial Statements
For the financial year ended 30 April 2026
Pages for filing with the registrar

BRISTOL TRIANGLE PROPERTIES LIMITED

## Unaudited Financial Statements

For the financial year ended 30 April 2026

Contents

BRISTOL TRIANGLE PROPERTIES LIMITED

## STATEMENT OF FINANCIAL POSITION

As at 30 April 2026
BRISTOL TRIANGLE PROPERTIES LIMITED

## STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2026

| Note | 2026 |  | 2025
|  | £ |  | £
Fixed assets |  |  |  |
Investment property | 3 | 5,035,000 |  | 5,035,000
|  | 5,035,000 |  | 5,035,000
Current assets |  |  |  |
Debtors | 4 | 18,182 |  | 10,902
Cash at bank and in hand |  | 90,623 |  | 74,394
|  | 108,805 |  | 85,296
Creditors: amounts falling due within one year | 5 | ( 120,898) |  | ( 360,124)
Net current liabilities |  | (12,093) |  | (274,828)
Total assets less current liabilities |  | 5,022,907 |  | 4,760,172
Creditors: amounts falling due after more than one year | 6 | ( 900,000) |  | ( 727,544)
Provision for liabilities |  | ( 512,845) |  | ( 512,845)
Net assets |  | 3,610,062 |  | 3,519,783
Capital and reserves |  |  |  |
Called-up share capital | 7 | 2,000 |  | 2,000
Share premium account |  | 624,576 |  | 624,576
Profit and loss account | 10 | 2,983,486 |  | 2,893,207
Total shareholders' funds |  | 3,610,062 |  | 3,519,783

For the financial year ending 30 April 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 financial year 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 Bristol Triangle Properties Limited (registered number: 08994786) were approved and authorised for issue by the Board of Directors on 21 August 2026. They were signed on its behalf by:

Mr S B Harris Director |

BRISTOL TRIANGLE PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2026
BRISTOL TRIANGLE PROPERTIES LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2026

##### 1. Accounting policies

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

##### General information and basis of accounting

Bristol Triangle Properties 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 C/O Bishop Fleming Llp, 10 Temple Back, Bristol, BS1 6FL, United Kingdom. The principal place of business is 132 Whiteladies Road, Clifton, Bristol, BS8 2RS.
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 £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover, stated net of VAT, represents rental income derived from the letting of investment property in the ordinary course of the company’s activities. Rental income is recognised on a straight‑line basis over the term of the lease, including any rent‑free periods or stepped rent arrangements, in accordance with the accruals concept.
Amounts received in advance are deferred and recognised over the relevant period, while accrued income is recognised where rental income has been earned but not yet received.

##### 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.

##### 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
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

##### Impairment of assets

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

Non-financial assets
At each balance sheet date, the Company reviews its tangible and intangible 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). The recoverable amount of an asset is the higher of its fair value less costs to sell and its 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.
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. 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.

##### 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.
The fair value is determined annually by external valuers and the directors derived from current market rent and investment property yields for comparable real estate, adjusted if necessary, for any difference in nature, location or condition of the specific property.

##### 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.

##### Ordinary share capital

The ordinary share capital of the Company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2026 |  | 2025
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 4 |  | 4

#### 3. Investment property

| Investment property
| £
Valuation |
As at 01 May 2025 | 5,035,000
As at 30 April 2026 | 5,035,000

Valuation

No independent valuation of the Company's investment properties were undertaken during the year ended 30 April 2026. The directors have reviewed market conditions and property-specific factors and consider that there has been no material change in the fair value of the portfolio since the valuation performed by CSquared Real Estate LLP on 5 August 2025. The overall fair value of the company's residential investment property portfolio at 30 April 2026 is based of the valuation by CSquared Real Estate LLP and directors estimates on an open market value for existing use basis.

#### 4. Debtors

| 2026 |  | 2025
| £ |  | £
Prepayments and accrued income | 8,182 |  | 5,902
Other debtors | 10,000 |  | 5,000
| 18,182 |  | 10,902

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

| 2026 |  | 2025
| £ |  | £
Bank loans | 0 |  | 171,162
Amounts owed to associates | 0 |  | 100,000
Accruals and deferred income | 62,685 |  | 38,784
Taxation and social security | 58,213 |  | 50,178
| 120,898 |  | 360,124

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

| 2026 |  | 2025
| £ |  | £
Bank loans (secured) | 900,000 |  | 727,544

The company's borrowings are secured by a fixed charge over two of the company's investment properties and a floating charge over the remainder of the company's assets and undertakings.

Amounts repayable after more than 5 years are included in creditors falling due over one year:

| 2026 |  | 2025
| £ |  | £
Bank loans (secured) | 0 |  | 96,299

#### 7. Called-up share capital

| 2026 |  | 2025
| £ |  | £
Allotted, called-up and fully-paid |  |  |
250 A1 Ordinary shares of £ 1.00 each | 250 |  | 250
500 B Ordinary shares of £ 1.00 each | 500 |  | 500
500 C Ordinary shares of £ 1.00 each | 500 |  | 500
500 D ordinary shares of £ 1.00 each | 500 |  | 500
250 A2 Ordinary shares of £ 1.00 each | 250 |  | 250
| 2,000 |  | 2,000

#### 8. Financial commitments

Other financial commitments

| 2026 |  | 2025
| £ |  | £
Commitments in respect to participating interests | 0 |  | 898,706

In the previous year, together with a company under common ownership, the company was subject to an Omnibus Guarantee and set off agreement in favour of the company's bankers. Under this agreement each company has provided a guarantee to settle the total net amounts due to the bank from each company. The agreement was cancelled during the current year.

#### 9. Related party transactions

Transactions with entities in which the entity itself has a participating interest

| 2026 |  | 2025
| £ |  | £
Amounts owed to a company under common control | 0 |  | 100,000

The loan is interest free with no fixed date for repayment.

Dividends of £84,000 (2025: £Nil) were paid to the directors during the year.

#### 10. Reserves

The profit and loss reserve includes both distributable and non-distributable reserves. Non-distributable reserves represents cumulative gains and losses on the revaluation of investment property, net of deferred tax. At the balance sheet date non-distributable reserves totalled £1,676,743 (2025: £1,676,743).