Company Registration No. 07847345 (England and Wales)
Brightbeech Property Ltd
Unaudited accounts
for the year ended 31 March 2026
Brightbeech Property Ltd
Unaudited accounts
Contents
Brightbeech Property Ltd
Company Information
for the year ended 31 March 2026
Director
Mr Timothy R Lincoln
Company Number
07847345 (England and Wales)
Registered Office
14a Market Place
Romsey
Hampshire
SO51 8NA
Accountants
Karen A Sennitt FCA CTA
The Newport
Newport Lane, Braishfield
Romsey
Hampshire
SO51 0PL
Brightbeech Property Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
9,307
12,070
Investment property
12,656,107
10,521,978
Debtors
2,120,914
2,231,109
Cash at bank and in hand
132,604
127,390
Creditors: amounts falling due within one year
(637,965)
(935,073)
Net current assets
1,615,553
1,423,426
Total assets less current liabilities
14,280,967
11,957,474
Creditors: amounts falling due after more than one year
(3,073,381)
(3,175,351)
Provisions for liabilities
Deferred tax
(1,071,894)
(638,794)
Net assets
10,135,692
8,143,329
Called up share capital
100
100
Revaluation reserve
4,443,196
2,831,900
Profit and loss account
5,692,396
5,311,329
Shareholders' funds
10,135,692
8,143,329
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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 October 2026 and were signed on its behalf by
Mr Timothy R Lincoln
Director
Company Registration No. 07847345
Brightbeech Property Ltd
Notes to the Accounts
for the year ended 31 March 2026
Brightbeech Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 07847345. The registered office is 14a Market Place, Romsey, Hampshire, SO51 8NA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
20% reducing balance
Computer equipment
33% straight line
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Brightbeech Property Ltd
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2025
5,404
26,671
10,713
42,788
At 31 March 2026
5,404
26,671
10,713
42,788
At 1 April 2025
3,384
17,784
9,550
30,718
Charge for the year
404
1,777
582
2,763
At 31 March 2026
3,788
19,561
10,132
33,481
At 31 March 2026
1,616
7,110
581
9,307
At 31 March 2025
2,020
8,887
1,163
12,070
Fair value at 1 April 2025
10,521,978
Net gain from fair value adjustments
2,112,082
At 31 March 2026
12,656,107
Investment property was valued on an open market basis on 31 March 2026 by the director. In respect of investment property held at valuation, the aggregate cost, that would have been recognised if the assets had been carried under the historical cost model is £6,661,142 (2025: £7,757,765).
Amounts falling due within one year
Trade debtors
21,992
2,088
Amounts due from group undertakings etc.
2,093,704
2,211,461
Accrued income and prepayments
1,805
-
Other debtors
3,413
17,560
7
Creditors: amounts falling due within one year
2026
2025
Bank loans and overdrafts
52,004
54,237
Trade creditors
11,327
8,008
Taxes and social security
221,898
527,675
Other creditors
28,135
27,144
Deferred income
82,546
85,146
Brightbeech Property Ltd
Notes to the Accounts
for the year ended 31 March 2026
8
Creditors: amounts falling due after more than one year
2026
2025
Bank loans
2,797,000
2,849,000
Loans from directors
276,381
326,351
The bank loan from Handelsbanken Plc of £2,849,000 (2025: £2,901,000) is secured on the freehold properties at 3-5 The Hundred, Romsey; 7-9 Church Street, Romsey; 37-45 The Hundred, Romsey and The Star Inn, 13 The Horsefair, Romsey, by fixed legal charge.
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
100
99 Ordinary Preference shares of £1 each
99
-
Shares issued during the period:
99 Ordinary Preference shares of £1 each
99
10
Transactions with related parties
As at 31 March 2026 the company owed Mr T R Lincoln, a director, £276,381 (2025: £326,351) included within creditors due after more than one year.
The immediate and ultimate parent undertaking is Brookwood Lincoln Properties Limited, which acquired 100% of the share capital of Brightbeech Property Limited on 23 January 2026. The registered office of Brookwood Lincoln Properties Limited is 14a Market Place, Romsey, Hampshire SO51 8NA.
The directors consider that Mr Timothy Lincoln as lead trustee of the Brookwood Lincoln Discretionary Trust, a trust registered and established in England, which owns 100% of the share capital of Brookwood Lincoln Properties Limited, to be the ultimate controlling party of the company.
12
Average number of employees
During the year the average number of employees was 1 (2025: 1).