Brosnan Property Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 07206139

		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,297,662		1,332,417

			1,297,662		1,332,417
CURRENT ASSETS
Debtors	5	109,011		113,431
Cash at bank and in hand		36,774		47,219

		145,785		160,650
Creditors: Amounts Falling Due Within One Year	6	(35,281 )		(48,082 )

NET CURRENT ASSETS (LIABILITIES)			110,504		112,568

TOTAL ASSETS LESS CURRENT LIABILITIES			1,408,166		1,444,985

Creditors: Amounts Falling Due After More Than One Year	7		(1,306,157 )		(1,336,318 )

NET ASSETS			102,009		108,667

CAPITAL AND RESERVES
Called up share capital	9		100		100
Fair value reserve	10		133,118		133,118
Profit and Loss Account			(31,209 )		(24,551 )

SHAREHOLDERS' FUNDS			102,009		108,667

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Brosnan Property Limited

Balance Sheet (continued)

As At 31 March 2026

For the year ending 31 March 2026 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 C Sturt

Director

26th June 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Brosnan Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07206139 . The registered office is Constable Court, 62 Dene Street, Dorking, RH4 2DP.

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.

The director will provide support to the company for a period of at least 12 months following the approval of the financial statements. The financial statements have been prepared on the going concern basis.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.

2.3. 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:

Plant & Machinery	10% on a straight line basis
Motor Vehicles	25% on a reducing balance basis
Fixtures & Fittings	25% on a reducing balance basis
Computer Equipment	33% on cost

Freehold property is shown at open market value as estimated by the directors following the provisions of FRS 102 Section 17. Although this is not in accordance with the requirements of the Companies Act 2006, the directors consider that this policy results in the financial statements showing a true and fair view since the properties are held for investment and not for consumption. Revaluation surpluses are credited to the fair value reserve.

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2025: 1)

4. Tangible Assets

	Land & Property
	Freehold	Property Improvements	Plant & Machinery	Motor Vehicles
	£	£	£	£
Cost
As at 1 April 2025	1,200,000	275,486	419,044	180
Additions	-	-	2,199	-

As at 31 March 2026	1,200,000	275,486	421,243	180

...CONTINUED

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Brosnan Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

Depreciation
As at 1 April 2025	-	201,780	361,472	180
Provided during the period	-	20,347	16,322	-

As at 31 March 2026	-	222,127	377,794	180

Net Book Value
As at 31 March 2026	1,200,000	53,359	43,449	-

As at 1 April 2025	1,200,000	73,706	57,572	-


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
Cost
As at 1 April 2025	30,146	3,078	1,927,934
Additions	-	-	2,199

As at 31 March 2026	30,146	3,078	1,930,133

Depreciation
As at 1 April 2025	29,007	3,078	595,517
Provided during the period	285	-	36,954

As at 31 March 2026	29,292	3,078	632,471

Net Book Value
As at 31 March 2026	854	-	1,297,662

As at 1 April 2025	1,139	-	1,332,417

Cost or valuation as at 31 March 2026 represented by:

	Land & Property
	Freehold	Property Improvements	Plant & Machinery	Motor Vehicles
	£	£	£	£
At cost	1,066,882	275,486	421,243	180
At valuation	133,118	-	-	-

	1,200,000	275,486	421,243	180


	Fixtures & Fittings	Computer Equipment	Total
	£	£	£
At cost	30,146	3,078	1,797,015
At valuation	-	-	133,118

	30,146	3,078	1,930,133

Freehold land and buildings were valued on an open market basis on 31 March 2026 by the directors.

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Brosnan Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

5. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	37,413	46,285
Other debtors	71,598	67,146

	109,011	113,431

6. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	2,661	6,411
Trade creditors	1,751	910
Other creditors	22,564	32,993
Taxation and social security	8,305	7,768

	35,281	48,082

7. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	4,657	7,318
Other creditors	1,301,500	1,329,000

	1,306,157	1,336,318

8. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	2,661	6,411
Later than one year and not later than five years	4,657	7,318

	7,318	13,729

	7,318	13,729

9. Share Capital

	2026	2025
	£	£
Allotted, Called up and fully paid	100	100

10. Reserves

	Fair Value Reserve
	£
As at 1 April 2025	133,118

As at 31 March 2026	133,118

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