REGISTERED NUMBER: 13328712 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2025

for

Substation Brixton Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

16,912

19,568

Tangible assets

5

1,289,393

1,464,244

1,306,305

1,483,812

CURRENT ASSETS

Stocks

24,415

22,549

Debtors

6

142,941

124,293

Cash at bank

34,735

29,133

202,091

175,975

CREDITORS

Amounts falling due within one year

7

87,235

169,404

NET CURRENT ASSETS

114,856

6,571

TOTAL ASSETS LESS CURRENT LIABILITIES

1,421,161

1,490,383

CREDITORS

Amounts falling due after more than one year

8

3,135,875

3,019,340

NET LIABILITIES

(1,714,714

)

(1,528,957

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(1,714,814

)

(1,529,057

)

SHAREHOLDERS' FUNDS

(1,714,714

)

(1,528,957

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2026 and were signed on its behalf by:

Mr S Stanway - Director

Mr S D J Gladman - Director

1.	STATUTORY INFORMATION

Substation Brixton Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13328712

Registered office:

Queens Court

Queens Avenue

Macclesfield

Cheshire

SK10 2BN

The presentation currency of the financial statements is the Pound Sterling (£).

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.

The financial statements have been prepared on a going concern basis notwithstanding the deficit in net assets. The directors are satisfied that the shareholders are prepared to continue to support the company for the next year.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents net invoiced sales of services, excluding value added tax. Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 32 (2024 - 29 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 January 2025

and 31 December 2025

26,557

AMORTISATION

At 1 January 2025

6,989

Amortisation for year

2,656

At 31 December 2025

9,645

NET BOOK VALUE

At 31 December 2025

16,912

At 31 December 2024

19,568

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

Computer

property

machinery

fittings

equipment

Totals

£

£

£

£

£

COST

At 1 January 2025

2,215,253

9,954

25,377

16,798

2,267,382

Additions

57,097

805

1,021

209

59,132

At 31 December 2025

2,272,350

10,759

26,398

17,007

2,326,514

DEPRECIATION

At 1 January 2025

771,814

5,263

13,514

12,547

803,138

Charge for year

227,235

1,253

3,220

2,275

233,983

At 31 December 2025

999,049

6,516

16,734

14,822

1,037,121

NET BOOK VALUE

At 31 December 2025

1,273,301

4,243

9,664

2,185

1,289,393

At 31 December 2024

1,443,439

4,691

11,863

4,251

1,464,244

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,685

3,229

Other debtors

140,256

121,064

142,941

124,293

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

31,242

58,142

Amounts owed to group undertakings

5,893

7,093

Taxation and social security

13,690

14,571

Other creditors

36,410

89,598

87,235

169,404

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

3,135,875

3,019,340

9.	OTHER FINANCIAL COMMITMENTS

The financial commitments, which are not included in the balance sheet amount to £863,691 (2024: £1,198,023). These financial commitments represent the amount of payments for a lease ending in 2028.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Substation Leisure Limited.