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

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

Brownhills Investments Property Limited is a private company limited by shares incorporated in England and Wales. The registered office is Brownhills Glass Co Ltd, Beecham Close, Walsall, United Kingdom, WS9 8UZ.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

The company relies upon the continued support of it's ultimate controlling party, Duke Capital Ltd. The ultimate controlling party has agreed to provide funds to meet all trading obligations as they fall due and will continue to support the company.

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured at the fair value of the consideration received or receivable, excluding discount, and value added tax.

Rental income is accounted for so as to recognise income in the period for which the leaseholder has an obligation to pay rent.

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible 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). 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.

Recoverable amount is the higher of fair value less costs to sell and 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.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. 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.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

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 current liabilities.

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, 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.

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, 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.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

In the application of the company’s accounting policies, the director is 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 ongoing basis. Revisions to accounting 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.

The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.

The company revalues its land and buildings periodically to reflect fair value, typically based on independent professional valuations. Changes in market conditions or assumptions can materially impact the revaluation surplus or deficit recognised in equity or profit.

The average monthly number of persons (including directors) employed by the company during the year was:

The property was last revalued as at 11/05/2023 by Harris Lamb Limited, Chartered Surveyors, on an existing use open market value basis. Harris Lamb Limited are not connected with the Company. The valuation was based on recent market transactions on an arms length basis for similar properties.

No revaluation has been undertaken in the current financial year. The directors have considered market conditions and are of the opinion that the carrying amount of the property remains appropriate, and that there has been no material change in fair value since the last valuation.

Included in freehold property is freehold land valued at £1,050,000 (2024- £1,050,000) which is not depreciated.

Included within the net book value of tangible fixed assets is £3,330,283 (2024 - £3,366,258 ) relating to an asset held for use in an operating lease. The depreciation charged to the financial statements in the year in respect of the asset amounted to £35,975 (2024 - £35,975).

The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:

The bank loan of £585,646 (2024: £692,692) relates to the freehold property known as Beecham Close, Walsall, WS9 8UZ. The loan is secured by a fixed and floating charge over this property. The interest rate of the loan is 4.37%.

Within the revaluation reserve, there is a movement of £9,975 which relates to the excess depreciation transfer to retained earnings.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 30 November 2025 and of its profit for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Lloyds Bank plc hold a letter of set off between the company, parent company and fellow subsidiaries, Brownhills Glass Company Limited, Tufwell Glass Limited, Premier Double Glazed Units Limited and London Architectural Ltd. The company is therefore jointly and severally liable for the amount owed by United Glass Group Ltd, Brownhills Glass Company Limited, Tufwell Glass Limited, Premier Double Glazed Units Limited and London Architectural Ltd. The total balances guaranteed at 30 November 2025 amounted to £5,220,538 (2024: £3,228,446)

Since March 2023, Lombard North Central PLC hold a guarantee and indemnity between the company and fellow subsidiaries Brownhills Glass Company Limited, Tufwell Glass Limited, Premier Double Glazed Units Limited and London Architectural Ltd. The company is therefore jointly severely liable for the amount owed by Brownhills Glass Company Limited, Tufwell Glass Limited, Premier Double Glazed Units Limited and London Architectural Ltd to Lombard North Central PLC. The total balances guaranteed at 30 November 2025 amounted to £390,999 (2024: £206,429)

The company is party together with other group and related undertakings, to multilateral guarantees given to Duke Royalty UK Limited. The total balances guaranteed at 30 November 2025 amounted to £14,313,755 (2024: £14,596,157).

The Company has taken advantage of the exemption in Section 33.1A of Financial Reporting Standard 102 from the requirement to disclose transactions with wholly owned members of the group.

The immediate parent undertaking is United Glass Group Ltd. The registered office of United Glass Group Ltd is Beecham Close, Aldridge, Walsall, WS9 8UZ.

United Glass Group Ltd prepares consolidated financial statements in which the Company is included. Copies of these financial statements are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

The ultimate controlling party of the Company is Duke Capital Limited.

At the balance sheet date, the ultimate controlling party is Duke Capital Limited by virtue of their shareholding in United Glass Group Ltd.

The following are the parents of the largest and smallest groups in which this company's results are consolidated: