REGISTERED NUMBER: 04877526 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2026

FOR

THE BRAEMAR ASSOCIATION LIMITED

Page

Company Information

1

Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTORS:

D J N Sly

R S Davenport

E G S Gibson

O Kahve

J Salvesen

M T Knight

SECRETARY:

B-HIVE COMPANY SECRETARIAL SERVICES LIMITED

REGISTERED OFFICE:

Stonemead House

95 London Road

Croydon

Surrey

CR0 2RF

REGISTERED NUMBER:

04877526 (England and Wales)

ACCOUNTANTS:

TC Group

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of the company from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of the company, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the Board of Directors of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of the company. You consider that the company is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of the company. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

TC Group

Baird House

Seebeck Place

Knowlhill

Milton Keynes

Buckinghamshire

MK5 8FR

24 August 2026

FIXED ASSETS

Tangible assets

4

105,424

105,424

CURRENT ASSETS

Debtors

5

966

453

Cash at bank

31,434

26,885

32,400

27,338

CREDITORS

Amounts falling due within one year

6

12,300

8,811

NET CURRENT ASSETS

20,100

18,527

TOTAL ASSETS LESS CURRENT LIABILITIES

125,524

123,951

CAPITAL AND RESERVES

Called up share capital

7

39

39

Share premium

8

105,385

105,385

Retained earnings

8

20,100

18,527

SHAREHOLDERS' FUNDS

125,524

123,951

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2026 and were signed on its behalf by:

D J N Sly - Director

1.	STATUTORY INFORMATION

The Braemar Association Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents ground rent income received during the year.

Tangible fixed assets

Land and buildings are shown at deemed cost on transition to FRS102.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2025 - NIL).

4.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 April 2025

and 31 March 2026

105,424

NET BOOK VALUE

At 31 March 2026

105,424

At 31 March 2025

105,424

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Ground Rent Debtors

120

77

Prepayments and Accrued Income

846

376

966

453

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Other Creditors

9,551

6,148

Accrued Expenses

1,730

1,648

Ground Rent Deferred Income

1,019

1,015

12,300

8,811

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

39

Ordinary

1.00

39

39

8.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 April 2025

18,527

105,385

123,912

Profit for the year

1,573

-

1,573

At 31 March 2026

20,100

105,385

125,485

9.	RELATED PARTY DISCLOSURES

During the year ended 31st March 2026, one of the Company's leaseholders complained of poor service regarding a plumbing problem. The leaseholder's solicitors issued a letter in accordance with the Pre-action Conduct to the Civil Procedure Rules 1998. The plumbing works were completed by 31st March 2026, and followed by a further solicitor's letter on behalf of the leaseholder demanding costs of £5,823, to be paid within 14 days. The board agreed that it was reasonable that these costs should be met and asked HML PM, who are responsible for managing the Braemar property, to pay them. It was not possible to come to an agreement with HML PM within the time frame set by the leaseholder's solicitors, so the chairman paid the costs out of his own funds, indemnifiable by the Company. HML PM agreed subsequently to pay the costs and has re-imbursed the chairman. The Company has not incurred any expense as a result.