Braintree Property Limited

	Page
Accountants' Report	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

Chartered Accountants' report to the directors on the preparation of the unaudited statutory accounts of Braintree Property Limited for the year ended 31 December 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Braintree Property Limited for the year ended 31 December 2025 which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given to us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the directors of Braintree Property Limited , as a body, in accordance with the terms of our engagement letter dated 24 August 2025. Our work has been undertaken solely to prepare for your approval the accounts of Braintree Property Limited and state those matters that we have agreed to state to the directors of Braintree Property Limited , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Braintree Property Limited and its directors, as a body, for our work or for this report.

It is your duty to ensure that Braintree Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Braintree Property Limited . You consider that Braintree Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit of the accounts of Braintree Property Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

STG Accountants Ltd t/as STERLING

15/09/2026

STG Accountants Ltd t/as STERLING

Chartered Accountants

505 Pinner Road

Harrow

Middlesex

HA2 6EH

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Braintree Property Limited

Balance Sheet

As At 31 December 2025

Balance Sheet

Registered number: 12213518

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		6,200,000		6,200,000

			6,200,000		6,200,000
CURRENT ASSETS
Debtors	5	1,057,678		1,041,788
Cash at bank and in hand		51,983		16,006

		1,109,661		1,057,794
Creditors: Amounts Falling Due Within One Year	6	(2,463,599 )		(2,282,159 )

NET CURRENT ASSETS (LIABILITIES)			(1,353,938 )		(1,224,365 )

TOTAL ASSETS LESS CURRENT LIABILITIES			4,846,062		4,975,635

Creditors: Amounts Falling Due After More Than One Year	7		(4,124,273 )		(4,283,586 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(126,902 )		(126,902 )

NET ASSETS			594,887		565,147

CAPITAL AND RESERVES
Called up share capital	9		100		100
Profit and Loss Account			594,787		565,047

SHAREHOLDERS' FUNDS			594,887		565,147

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Braintree Property Limited

Balance Sheet (continued)

As At 31 December 2025

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

Vimal Pau

Director

15/09/2026

The notes on pages 4 to 6 form part of these financial statements.

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Braintree Property Limited

Notes to the Financial Statements

For The Year Ended 31 December 2025

Notes to the Financial Statements

1. General Information

Braintree Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12213518 . The registered office is 505 Pinner Road, Harrow, Middlesex, HA2 6EH.

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 financial statements have been prepared under the historical cost convention, as modified by the revaluation of investment properties measured at fair value.

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.

2.3. Turnover

Turnover represents rental income and other amounts receivable from the letting of commercial properties, exclusive of value added tax where applicable.

Rental income is recognised on a straight-line basis over the term of the lease, unless another systematic basis is more representative of the pattern in which the benefit from the leased property is derived.

Amounts received from tenants in respect of service charges, insurance and other property costs are recognised in accordance with the substance of the relevant arrangements. Where the company acts as principal, the related income and expenditure are recognised gross. Where the company acts solely as agent for the tenant, such amounts are excluded from turnover and expenditure.

2.4. Investment Properties

Investment properties are properties held to earn rental income, for capital appreciation, or both, rather than for use in the production or supply of goods or services or for administrative purposes.

Investment properties are initially recognised at cost, including directly attributable acquisition costs. After initial recognition, investment properties are measured at fair value at each reporting date where fair value can be measured reliably without undue cost or effort.

Changes in fair value are recognised in profit or loss in the period in which they arise. Investment properties measured at fair value are not depreciated.

2.5. Taxation

Taxation expense for the period comprises current and deferred tax.

Current tax is recognised for the amount of corporation tax payable in respect of the taxable profit for the current or previous reporting periods, using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date, where transactions or events resulting in an obligation to pay more tax or a right to pay less tax in the future have occurred by the reporting date.

Deferred tax is recognised on differences between the carrying amount of investment properties measured at fair value and their corresponding tax bases. The deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply when the timing differences reverse.

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.

Deferred tax balances are not discounted.

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Braintree Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2024: 2)

4. Investment Property

	2025
	£
Fair Value
As at 1 January 2025 and 31 December 2025	6,200,000

The company’s investment properties were last professionally valued on an open market basis on 5 July 2023 by Lambert Smith Hampton, independent property advisers. Having considered current market conditions and other relevant information, the directors are satisfied that the fair value of the investment properties at the balance sheet date was not materially different from the amounts stated in the financial statements.

Had the investment properties been accounted for under the historical cost model, their carrying amounts would have been as follows:

	2025	2024
	£	£
Cost	5,784,027	5,784,027

5. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	35,390	59,605
Prepayments and accrued income	5,888	5,783
Amounts owed by connected companies	1,016,400	976,400

	1,057,678	1,041,788

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	3,915	113
Bank loans and overdrafts	135,720	108,497
Amounts owed to connected companies	475,000	325,000
Accruals and deferred income	58,787	58,372
Directors' loan accounts	1,790,177	1,790,177

	2,463,599	2,282,159

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

	2025	2024
	£	£
Bank loans	4,124,273	4,283,586

Of the creditors falling due after more than one year the following amounts are due after more than five years.

	2025		2024
	£		£
Bank loans	3,584,636		3,846,671

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Braintree Property Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2025

8. Secured Creditors

Bank loans and overdrafts include an unsecured government-backed Bounce Back Loan, which is repayable over five years and bears interest at 2.5% per annum.

The remaining bank loan is secured by a charge over the company’s property and is supported by cross-guarantees from connected companies in which the directors have a beneficial interest. The loan is repayable over 20 years and, for the first five years, bears interest at a margin of 2.68% per annum above the bank’s base rate.

At the balance sheet date, the amount included above that was secured amounted to:

	2025		2024
	£		£
Bank loans and overdrafts	4,235,457		4,361,990

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	100	100

10. Related Party Transactions

During the year, the company entered into financing and other transactions with companies under common control or in which the directors have a beneficial interest.

At 31 December 2025, amounts of 1,016,400 (2024: £976,400) were due from connected companies and amounts of £475,000 (2024: £325,000) were due to connected companies.

At the reporting date, the company owed £1,790,177 (2024: £1,790,177) to its directors. The balances are unsecured and is interest-free with no fixed repayment date and are repayable on demand.

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