REGISTERED NUMBER: 07855729 (England and Wales)

Financial Statements for the Year Ended 31 August 2025

for

Carpenter Investments Brunswick Park 2

Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D C Brewitt

A J Beer

REGISTERED OFFICE:

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

REGISTERED NUMBER:

07855729 (England and Wales)

AUDITORS:

Douglas Fairless Partnership

Chartered Certified Accountants

and Statutory Auditors

Seymour Chambers

92 London Road

Liverpool

Merseyside

L3 5NW

FIXED ASSETS

Intangible assets

4

391,665

491,665

Tangible assets

5

18,631

21,919

Investments

6

2

2

Investment property

7

18,000,000

14,889,263

18,410,298

15,402,849

CURRENT ASSETS

Debtors

8

969,954

770,691

Cash at bank

60,997

69,719

1,030,951

840,410

CREDITORS

Amounts falling due within one year

9

452,122

792,402

NET CURRENT ASSETS

578,829

48,008

TOTAL ASSETS LESS CURRENT LIABILITIES

18,989,127

15,450,857

CREDITORS

Amounts falling due after more than one year

10

(7,731,000

)

(7,731,000

)

PROVISIONS FOR LIABILITIES

(2,318,543

)

(1,861,531

)

NET ASSETS

8,939,584

5,858,326

CAPITAL AND RESERVES

Called up share capital

2

2

Non-Dist Retained Earning

8,496,125

5,836,822

Retained earnings

443,457

21,502

SHAREHOLDERS' FUNDS

8,939,584

5,858,326

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 17 August 2026 and were signed on its behalf by:

A J Beer - Director

D C Brewitt - Director

1.	STATUTORY INFORMATION

Carpenter Investments Brunswick Park 2 Ltd 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 as modified by the revaluation of certain assets.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of investment properties]. The principal accounting policies adopted are set out below.

This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:

· Section 7 'Statement of Cash Flows': Presentation of a statement of cash flow and related notes and disclosures;

· Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instrument Issues: Interest income/expense and net gains/losses for financial instruments not measured at fair value; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;

· Section 26 'Share based Payment': Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;

· Section 33 'Related Party Disclosures': Compensation for key management personnel.

The financial statements of the company are consolidated in the financial statements of Carpenter Investments Limited. These consolidated financial statements are available from its registered office, Seymour Chambers, 92 London Road, Liverpool, L3 5NW.

Going Concern

At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next 12 months, having reviewed cashflow forecasts for the next 12 months and a day and the availability of working capital, the Director's are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

Preparation of consolidated financial statements

The financial statements contain information about Carpenter Investments Brunswick Park 2 Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 400 of the Companies Act 2006 from the requirements to prepare consolidated financial statements as it and its subsidiary undertaking are included by full consolidation in the consolidated financial statements of its parent, Carpenter Investments Ltd, Seymour Chambers, 92 London Road, Liverpool, L3 5NW..

Significant judgements and estimates

In the application of the company's accounting policies, the director's are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an on going basis. Revisions to accounting estimates are recognised in the period in which the estimates is revised where the revision affects only that period, or in the period of the revision and future periods where revision affects both current and future periods.

Investment properties of the group are measured at fair value. Fair value of the group's investment property portfolio is established through obtaining professional valuations of group properties on a periodic basis, which would normally be every 3 to 5 years, using professionals who possess the relevant expertise, experience and qualifications to make an assessment of the fair value of the group's investment property portfolio. On years where a professional valuation has not taken place, the director's make their own assessment of the fair value of the group's investment property portfolio. This assessment is performed by considering current market rental yields and comparable market transactions. Whether the valuations are produced by a professional valuer or the directors, the assumptions applied are inherently subjective and so are subject to a degree of estimation uncertainty.

Estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover

The turnover in the profit & loss account represents revenue recognised on accrued rental contracts in place during the period exclusive of value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2024, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

15% on reducing balance

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

The Investment Property is initially recognised at cost; cost includes the purchase cost, costs of development to bring the site into use and any other directly attributable expenditure. Subsequently, it is measured at fair value at the reporting date. The surplus or deficit on revaluation is recognised in the profit & loss account.

The fair value surplus and deficits recognised in the profit loss account are non-distributable reserves and are shown separately on the face of the balance sheet as non-distributable retained earnings. The amounts held in non-distributable reserves for the fair value adjustments are shown after providing for deferred taxation.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised..

Classification of financial liabilities

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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 September 2024

and 31 August 2025

499,998

AMORTISATION

At 1 September 2024

8,333

Charge for year

100,000

At 31 August 2025

108,333

NET BOOK VALUE

At 31 August 2025

391,665

At 31 August 2024

491,665

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 September 2024

and 31 August 2025

86,848

DEPRECIATION

At 1 September 2024

64,929

Charge for year

3,288

At 31 August 2025

68,217

NET BOOK VALUE

At 31 August 2025

18,631

At 31 August 2024

21,919

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 September 2024

and 31 August 2025

2

NET BOOK VALUE

At 31 August 2025

2

At 31 August 2024

2

7.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

14,889,263

Revaluations

3,110,737

At 31 August 2025

18,000,000

NET BOOK VALUE

At 31 August 2025

18,000,000

At 31 August 2024

14,889,263

Fair value at 31 August 2025 is represented by:

£

Valuation in 2016

3,011,840

Valuation in 2017

(658,653

)

Valuation in 2018

27,179

Valuation in 2020

3,712,800

Valuation in 2022

305,000

Valuation in 2023

675,250

Valuation in 2024

709,013

Valuation in 2025

3,545,737

Cost

6,671,834

18,000,000

If Investment property had not been revalued it would have been included at the following historical cost:

31.8.25

31.8.24

£

£

Cost

7,106,834

7,106,834

Investment Property was valued on an open market basis on 3 July 2025 by Avison Young (UK) Limited .

8.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade debtors

351,373

387,401

Amounts owed by group undertakings

575,000

367,251

Other debtors

43,581

16,039

969,954

770,691

9.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.25

31.8.24

£

£

Trade creditors

16,028

9,837

Amounts owed to group undertakings

8,995

-

Taxation and social security

-

1,203

Other creditors

427,099

781,362

452,122

792,402

10.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.25

31.8.24

£

£

Bank loans

7,731,000

7,731,000

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.25

31.8.24

£

£

Bank loans

7,731,000

7,731,000

Svenska Handelsbanken have a fixed charge over the property known as the freehold land under title number MS365750 and part of the land registered under title number MS365742 and registered at land registry under title number MS365750 and MS365742 (part).

12.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Gregory Newton FCCA (Senior Statutory Auditor)

for and on behalf of Douglas Fairless Partnership

13.	POST BALANCE SHEET EVENTS

On 13/10/25, the director's agreed terms for the re-financing of the loans held with Handelsbanken, this is considered to be a non-adjusting post balance sheet event. The effects of the re-financing is that the £7,731,000 currently showing as bank loans due within 1 - 2 years will now show as bank loans due within 2 - 5 years in the next set of financial statements.

14.	ULTIMATE PARENT COMPANY

The ultimate parent company is Carpenter Investments Ltd.

The registered office of the parent is as follows.

Seymour Chambers

92 London Road

Liverpool

L3 5NW