Registration number: 12788626

168 Briggate Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 6

168 Briggate Ltd

(Registration number: 12788626)
Balance Sheet as at 31 March 2026

	Note	2026 £		2025 £
Fixed assets
Intangible assets	4		14,967		17,961
Tangible assets	5		40,648		65,037
			55,615		82,998
Current assets
Stocks	6	34,416		44,768
Debtors	7	779,895		255,600
Cash at bank and in hand		125,022		390,608
		939,333		690,976
Creditors: Amounts falling due within one year	8	(622,142)		(532,821)
Net current assets			317,191		158,155
Total assets less current liabilities			372,806		241,153
Provisions for liabilities			(10,162)		(16,259)
Net assets			362,644		224,894
Capital and reserves
Called up share capital	9	100		100
Profit and loss account		362,544		224,794
Total equity			362,644		224,894

For the financial 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.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 5 October 2026 and signed on its behalf by:
 

......................................... Mr T.G. Kernachan Director

......................................... Mr M. Rothwell Director

168 Briggate Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
34 Wellington Street
Leeds
LS1 2DE

These financial statements were authorised for issue by the Board on 5 October 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured and it is probable that future economic benefits will flow to the company.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of 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 between taxable profits and profits reported in the financial statements. 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 to the reversal of the timing difference.

168 Briggate Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	25% straight line

Goodwill

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised over its useful life, which shall not exceed ten years if a reliable estimate of the useful life cannot be made.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	10% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

168 Briggate Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 64 (2025 - 57).

4	Intangible assets

	Goodwill  £	Total £
Cost or valuation
At 1 April 2025	29,935	29,935
At 31 March 2026	29,935	29,935
Amortisation
At 1 April 2025	11,974	11,974
Amortisation charge	2,994	2,994
At 31 March 2026	14,968	14,968
Carrying amount
At 31 March 2026	14,967	14,967
At 31 March 2025	17,961	17,961

168 Briggate Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

5	Tangible assets

	Plant and equipment £	Total £
Cost or valuation
At 1 April 2025	278,437	278,437
Additions	22,316	22,316
Disposals	(113,932)	(113,932)
At 31 March 2026	186,821	186,821
Depreciation
At 1 April 2025	213,400	213,400
Charge for the year	46,705	46,705
Eliminated on disposal	(113,932)	(113,932)
At 31 March 2026	146,173	146,173
Carrying amount
At 31 March 2026	40,648	40,648
At 31 March 2025	65,037	65,037

6

Stocks

	2026 £	2025 £
Stocks	34,416	44,768

7

Debtors

Debtors: amounts falling due within one year		2026 £	2025 £
Trade debtors		13,861	4,947
Amounts owed by group undertakings		682,805	195,676
Prepayments		56,257	40,568
Other debtors		26,972	14,409
		779,895	255,600

The company is related to All Property Management Limited by virtue of the common shareholding of Mr M. Rothwell and Mr T.G. Kernachan.

Other debtors include a loan to All Property Management Limited in the amount of £26,972 (2025 £nil). The loan is interest free, unsecured and repayable on demand.

 

168 Briggate Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2026

8

Creditors

Creditors: amounts falling due within one year

	2026 £	2025 £
Trade creditors	127,776	142,041
Amounts owed to group undertakings	278,358	240,000
Taxation and social security	187,565	126,754
Other creditors	28,443	24,026
	622,142	532,821

The company is related to Leeds Pride Community Group Limited by virtue of the common shareholding of Mr M. Rothwell and Mr T.G. Kernachan.

Other creditors include a loan from Leeds Pride Community Group Limited in the amount of £7,107 (2025 £nil). The loan is interest free, unsecured and repayable on demand.

9	Share capital

Allotted, called up and fully paid shares

	2026		2025
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

10	Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £1,764 (2025 - £7,057). Financial commitments comprise £1,764 relating to operating lease commitments expiring in less than five years.

11	Parent and ultimate parent undertaking

The company's immediate parent is APN Holdings Ltd, incorporated in England and Wales.