Brodie Property Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07670925

Brodie Property Investments Limited

Filleted Unaudited Financial Statements

31 December 2025

Brodie Property Investments Limited

Financial Statements

Year ended 31 December 2025

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Brodie Property Investments Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		4,651,509	4,651,869

Current assets

Debtors	6	2,757,931	2,900,223
Cash at bank and in hand		2,313	61
		------------	------------
		2,760,244	2,900,284

Creditors: amounts falling due within one year	7	3,909,048		4,101,097
		------------		------------
Net current liabilities			1,148,804	1,200,813
			------------	------------
Total assets less current liabilities			3,502,705	3,451,056

Creditors: amounts falling due after more than one year	8		2,445,668	2,420,953

Provisions	199,250	151,388
	------------	------------
Net assets	857,787	878,715
	------------	------------

Capital and reserves

Called up share capital	9	11	11
Profit and loss account		857,776	878,704
		---------	---------
Shareholders funds		857,787	878,715
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 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 year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Brodie Property Investments Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 24 August 2026 , and are signed on behalf of the board by:

Mr W Brodie

Director

Company registration number: 07670925

Brodie Property Investments Limited

Notes to the Financial Statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, England, CM2 0AW, Essex.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Investment property

Investment property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

Revenue recognition

Turnover comprises the fair value of the consideration received for rental income in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Fixtures and fittings	-	20% reducing balance

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Investment property	Fixtures and fittings	Total
	£	£	£
Cost
At 1 January 2025 and 31 December 2025	4,650,069	9,286	4,659,355
	------------	-------	------------
Depreciation
At 1 January 2025	–	7,486	7,486
Charge for the year	–	360	360
	------------	-------	------------
At 31 December 2025	–	7,846	7,846
	------------	-------	------------
Carrying amount
At 31 December 2025	4,650,069	1,440	4,651,509
	------------	-------	------------
At 31 December 2024	4,650,069	1,800	4,651,869
	------------	-------	------------

The fair value of the investment property 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. The historical cost of investment properties is £3,710,069 (2024: £3,710,069).

6. Debtors

	2025	2024
	£	£
Trade debtors	–	192
Amounts owed by group/related undertakings	2,750,638	2,897,741
Other debtors	7,293	2,290
	------------	------------
	2,757,931	2,900,223
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	5,000	10,000
Trade creditors	5,381	6,467
Amounts owed to group/related undertakings	221,635	448,139
Accruals and deferred income	7,489	11,900
Corporation tax	–	3,681
Director loan accounts	3,669,543	3,620,910
	------------	------------
	3,909,048	4,101,097
	------------	------------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,445,668	2,420,953
	------------	------------

The bank loan is secured by way of fixed charges over the investment properties.

9. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	11	11	11	11
	----	----	----	----

10. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2025	2024	2025	2024
	£	£	£	£
Other related parties	–	–	5,000	2,897,742
Directors loan account	–	–	( 3,669,543)	( 3,620,910)
	----	----	------------	------------

The company has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with wholly owned subsidiaries within the group.

11. Controlling party

The ultimate parent undertaking is Brodie Property Group Limited, a company incorporated in England and Wales. The registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.