Boultbee Brooks (Noel Street) Limited Company accounts

COMPANY REGISTRATION NUMBER: 09566001

Boultbee Brooks (Noel Street) Limited

Unaudited Financial Statements

31 December 2025

Boultbee Brooks (Noel Street) Limited

Financial Statements

Year ended 31st December 2025

Contents	Page

Directors' report	1

Income statement	2

Statement of financial position	3

Statement of changes in equity	5

Notes to the financial statements	6

Boultbee Brooks (Noel Street) Limited

Directors' Report

Year ended 31st December 2025

The directors present their report and the unaudited financial statements of the company for the year ended 31 December 2025 .

Principal activities

The principal activity of the company during the year was property investment.

Directors

The directors who served the company during the year were as follows:

L. Roberts
C.E. Boultbee Brooks

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 14 September 2026 and signed on behalf of the board by:

L. Roberts

Director

Registered office:

Shell Store

Canary Drive

Rotherwas

Hereford

HR2 6SR

Boultbee Brooks (Noel Street) Limited

Income Statement

Year ended 31st December 2025

	2025	2024
Note	£	£
Turnover	544,953	557,404

Fair value adjustment investment property	40,455	250,000
Other operating expenses	183,348	134,446
	---------	---------
Operating profit	321,150	172,958

Other interest receivable and similar income		8,404	11,572
Interest payable and similar expenses		334,458	378,137
		---------	---------
Loss before taxation	4	( 4,904)	( 193,607)

Tax on loss	( 11,538)	( 62,500)
	--------	---------
Profit/(loss) for the financial year	6,634	( 131,107)
	--------	---------

All the activities of the company are from continuing operations.

The company has no other recognised items of income and expenses other than the results for the year as set out above.

Boultbee Brooks (Noel Street) Limited

Statement of Financial Position

31 December 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	11,021,414	11,000,000

Current assets

Debtors	6	159,251	241,852
Cash at bank and in hand		645,900	504,585
		---------	---------
		805,151	746,437

Creditors: amounts falling due within one year	7	4,707,278	9,253,756
		------------	------------
Net current liabilities		3,902,127	8,507,319
		-------------	-------------
Total assets less current liabilities		7,119,287	2,492,681

Creditors: amounts falling due after more than one year	8	4,631,510	–

Provisions	( 572,235)	( 583,773)
	------------	------------
Net assets	1,915,542	1,908,908
	------------	------------

Capital and reserves

Called up share capital		100	100
Profit and loss account	10	1,915,442	1,908,808
		------------	------------
Shareholders funds		1,915,542	1,908,908
		------------	------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

For the year ending 31st December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Boultbee Brooks (Noel Street) Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 14 September 2026 , and are signed on behalf of the board by:

L. Roberts

Director

Company registration number: 09566001

Boultbee Brooks (Noel Street) Limited

Statement of Changes in Equity

Year ended 31st December 2025

	Called up share capital	Profit and loss account	Total
	£	£	£
At 1st January 2024	100	2,039,915	2,040,015

Loss for the year		( 131,107)	( 131,107)
	----	------------	------------
Total comprehensive income for the year	–	( 131,107)	( 131,107)

At 31st December 2024	100	1,908,808	1,908,908

Profit for the year		6,634	6,634
	----	------------	------------
Total comprehensive income for the year	–	6,634	6,634

	----	------------	------------
At 31st December 2025	100	1,915,442	1,915,542
	----	------------	------------

Boultbee Brooks (Noel Street) Limited

Notes to the Financial Statements

Year ended 31st December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Shell Store, Canary Drive, Rotherwas, Hereford, HR2 6SR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents rent, service charge and insurance income receivable stated net of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	25% reducing balance

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Profit before taxation

Profit before taxation is stated after charging:

	2025	2024
	£	£
Depreciation of tangible assets	6,367	–
Fair value adjustments to investment property	34,088	250,000
	--------	---------

5. Tangible assets

	Freehold property	Equipment	Total
	£	£	£
Cost or valuation
At 1st January 2025	11,000,000	–	11,000,000
Additions	34,088	27,781	61,869
Revaluations	( 34,088)	–	( 34,088)
	-------------	--------	-------------
At 31st December 2025	11,000,000	27,781	11,027,781
	-------------	--------	-------------
Depreciation
At 1st January 2025	–	–	–
Charge for the year	–	6,367	6,367
	-------------	--------	-------------
At 31st December 2025	–	6,367	6,367
	-------------	--------	-------------
Carrying amount
At 31st December 2025	11,000,000	21,414	11,021,414
	-------------	--------	-------------
At 31st December 2024	11,000,000	–	11,000,000
	-------------	--------	-------------

The investment property was valued at fair value at the year end by the director C.E.Boultbee Brooks. He is a member of The Royal Institute of Chartered Surveyors.

Tangible assets held at valuation

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Freehold property
	£
At 31st December 2025
Aggregate cost	9,560,397
Aggregate depreciation	–
	------------
Carrying value	9,560,397
	------------

At 31st December 2024
Aggregate cost	9,526,309
Aggregate depreciation	–
	------------
Carrying value	9,526,309
	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	110,446	145,982
Other debtors	48,805	95,870
	---------	---------
	159,251	241,852
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	4,668,934
Trade creditors	24,830	24,897
Amounts owed to group undertakings and undertakings in which the company has a participating interest	4,271,663	4,221,663
Social security and other taxes	47,283	36,447
Other creditors	363,502	301,815
	------------	------------
	4,707,278	9,253,756
	------------	------------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	4,631,510	–
	------------	----

The bank loan is secured by a charge over the investment property and other assets.

9. Financial instruments

Financial assets and liabilities are accounted for on an amortised cost basis.

10. Reserves

Of the profit and loss account reserves, £1,048,075 is distributable.

11. Controlling party

The parent company is Boultbee Estates Limited whose address is; Shell Store, Canary Drive, Rotherwas, Hereford, HR2 6SR .