Bron Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09344418

Bron Developments Limited

Filleted Unaudited Financial Statements

31 December 2025

Bron Developments Limited

Statement of Financial Position

31 December 2025

	2025		2024
Note	£	£	£

Fixed assets

Investments	5		4,319,723	5,303,063

Current assets

Debtors	6	8,436	6,706
Cash at bank and in hand		215,645	80,589
		---------	--------
		224,081	87,295

Creditors: amounts falling due within one year	7	1,960,525		3,267,077
		------------		------------
Net current liabilities			1,736,444	3,179,782
			------------	------------
Total assets less current liabilities			2,583,279	2,123,281

Provisions

Taxation including deferred tax	306,376	–
	------------	------------
Net assets	2,276,903	2,123,281
	------------	------------

Capital and reserves

Called up share capital	10	100	100
Profit and loss account		2,276,803	2,123,181
		------------	------------
Shareholders funds		2,276,903	2,123,281
		------------	------------

These financial statements have been prepared and delivered 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'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

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.

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 .

Bron Developments Limited

Statement of Financial Position (continued)

31 December 2025

These financial statements were approved by the board of directors and authorised for issue on 24 September 2026 , and are signed on behalf of the board by:

M J Weir	N B Weir
Director	Director

Company registration number: 09344418

Bron Developments Limited

Notes to the Financial Statements

Year ended 31 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 Suite 1, First floor, 1 Duchess Street, London, W1W 6AN.

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 income earned on investments held. Dividends are recognised in the period in which they are received. Interest is recognised on an accruals basis.

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Investments

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tax on profit

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	15,363	73,968
Foreign current tax expense	6,836	4,406
	--------	--------
Total current tax	22,199	78,374
	--------	--------

Deferred tax:

Origination and reversal of timing differences	306,376	–
	---------	--------
Tax on profit	328,575	78,374
	---------	--------

Foreign tax suffered represents irrecoverable withholding tax on overseas dividend income. As that income is exempt from UK corporation tax, no double taxation relief is available and the withholding tax is included above as an additional tax cost of the period rather than as a reduction of investment income.

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is higher than (2024: higher than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

	2025	2024
	£	£
Profit on ordinary activities before taxation	482,197	671,983
	---------	---------
Profit on ordinary activities by rate of tax	15,363	73,968
Foreign tax suffered on overseas dividend income	6,836	4,406
Deferred tax	306,376	–
	---------	---------
Tax on profit	328,575	78,374
	---------	---------

5. Investments

	Other investments other than loans
	£
Valuation
At 1 January 2025	5,303,063
Additions	1,055,750
Disposals	( 2,455,723)
Revaluations	416,752
Other movements	( 119)
	------------
At 31 December 2025	4,319,723
	------------
Impairment
At 1 January 2025 and 31 December 2025	–
	------------

Carrying amount
At 31 December 2025	4,319,723
	------------
At 31 December 2024	5,303,063
	------------

6. Debtors

	2025	2024
	£	£
Other debtors	8,436	6,706
	-------	-------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	–	1,699
Corporation tax	15,363	73,968
Other creditors	1,945,162	3,191,410
	------------	------------
	1,960,525	3,267,077
	------------	------------

8. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	306,376	–
	---------	----

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Deferred tax - Origination and reversal of timing differences	306,376	–
	---------	----

The deferred tax provision relates wholly to unrealised gains on the equity element of the company's investment portfolio, which is carried at fair value through profit or loss in accordance with the accounting policy set out in note 3. Provision is made at 25%, being the rate at which the gains are expected to be taxed when realised, on the excess of the market value of the relevant holdings over their tax base cost. No deferred tax arises on the company's bond and gilt holdings, which are taxed

9. Financial instruments

The carrying amount for each category of financial instrument is as follows:

	2025	2024
	£	£

Financial assets measured at fair value through profit or loss

Financial assets measured at fair value through profit or loss	4,319,723	5,303,063
	------------	------------

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No.	£	No.	£
Ordinary shares of £ 1 each	100	100	100	100
	----	----	----	----

11. Related party transactions

At the year end the company owed the directors £1,938,922 (2024: £2,290,930) which was interest free and repayable on demand.