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Registered number: 10948536
Brickwood Property Limited
Unaudited Financial Statements
For The Year Ended 31 December 2025
Brisan Accountancy Ltd
Canada House, First Floor, 20/20 Business Park
Maidstone
Kent
ME16 0LS
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10948536
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,984 2,646
Investment Properties 5 1,070,000 1,129,000
1,071,984 1,131,646
CURRENT ASSETS
Debtors 6 5,812 1,791
Cash at bank and in hand 16,247 1,402
22,059 3,193
Creditors: Amounts Falling Due Within One Year 7 (71,758 ) (61,213 )
NET CURRENT ASSETS (LIABILITIES) (49,699 ) (58,020 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,022,285 1,073,626
Creditors: Amounts Falling Due After More Than One Year 8 (1,025,208 ) (1,025,208 )
PROVISIONS FOR LIABILITIES
Deferred Taxation 10 (377 ) (5,349 )
NET (LIABILITIES)/ASSETS (3,300 ) 43,069
CAPITAL AND RESERVES
Called up share capital 11 100 100
Fair value reserve - 20,662
Profit and Loss Account (3,400 ) 22,307
SHAREHOLDERS' FUNDS (3,300) 43,069
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Page 2
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.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Joseph Pettitt
Director
Mrs Victoria Pettitt
Director
5 May 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Brickwood Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10948536 . The registered office is Church Farm, Crowhurst Lane, Crowhurst, Surrey, RH7 6LR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. The directors have pledged their continued financial support.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold Not depreciated
Fixtures & Fittings 25% on reducing balance
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period 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.
...CONTINUED
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2.6. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Fixtures & Fittings
£
Cost or Valuation
As at 1 January 2025 4,918
As at 31 December 2025 4,918
Depreciation
As at 1 January 2025 2,272
Provided during the period 662
As at 31 December 2025 2,934
Net Book Value
As at 31 December 2025 1,984
As at 1 January 2025 2,646
5. Investment Property
2025
£
Fair Value
As at 1 January 2025 1,129,000
Fair value adjustments (59,000 )
As at 31 December 2025 1,070,000
6. Debtors
2025 2024
£ £
Due within one year
Other debtors - 1,791
Due after more than one year
Other debtors 5,812 -
5,812 1,791
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Page 5
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors - 578
Amounts owed to group undertakings 40,382 37,982
Other creditors 31,376 20,540
Taxation and social security - 2,113
71,758 61,213
8. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 255,780 255,780
Other creditors 769,428 769,428
1,025,208 1,025,208
Of the creditors falling due after more than one year the following amounts are due after more than five years.
2025 2024
£ £
Bank loans 255,780 255,780
9. Secured Creditors
Of the creditors the following amounts are secured.
2025 2024
£ £
Bank loans and overdrafts 255,780 255,780
10. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Other timing differences 377 5,349
11. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
Page 5
Page 6
12. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from directors:
As at 1 January 2025 Amounts advanced Amounts repaid Amounts written off As at 31 December 2025
£ £ £ £ £
Mr Joseph Pettitt 789,428 1,000 11,898 - 791,326
The above loan is unsecured, interest free, repayable on demand and ranks equally with other unsecured creditors of the company.
13. Ultimate Controlling Party
The company's ultimate controlling party is the directors by virtue of their ownership of 100% of the issued share capital in the company.
Page 6