Registration number: 02911174

Brownfield Developments IW Ltd

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

Brownfield Developments IW Ltd

Company Information

Directors

Mr Anthony Michael Wake Mrs Gaynor Alison Wake

Company secretary

Mr Anthony Michael Wake

Registered office

Exchange House St. Cross Lane Newport Isle of Wight United Kingdom PO30 5BZ

Brownfield Developments IW Ltd

(Registration number: 02911174)
Balance Sheet as at 31 January 2026

	Note	2026 £	2025 £
Fixed assets
Tangible assets	5	122	243
Investment property	6	4,610,000	4,610,000
Other financial assets	7	5	9
		4,610,127	4,610,252
Current assets
Debtors	8	1,930,147	1,925,847
Cash at bank and in hand		55,803	1,818
		1,985,950	1,927,665
Creditors: Amounts falling due within one year	9	(500,446)	(442,184)
Net current assets		1,485,504	1,485,481
Total assets less current liabilities		6,095,631	6,095,733
Creditors: Amounts falling due after more than one year	9	(779,983)	(910,797)
Provisions for liabilities		(230,922)	(230,759)
Net assets		5,084,726	4,954,177
Capital and reserves
Called up share capital		100	100
Other reserves		2,045,899	2,045,899
Retained earnings		3,038,727	2,908,178
Shareholders' funds		5,084,726	4,954,177

For the financial year ending 31 January 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.

Brownfield Developments IW Ltd

(Registration number: 02911174)
Balance Sheet as at 31 January 2026

Approved and authorised by the Board on 9 October 2026 and signed on its behalf by:
 

......................................... Mr Anthony Michael Wake Company secretary and director

Brownfield Developments IW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 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:
Exchange House
St. Cross Lane
Newport
Isle of Wight
PO30 5BZ
United Kingdom

These financial statements were authorised for issue by the Board on 9 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 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

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 sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of turnover can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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 in the countries where the company operates and generates taxable income.

Brownfield Developments IW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

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

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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:

Depreciation method and rate for tangible assets
Asset class	Depreciation method and rate
Plant and machinery	Straight line over 5 to 20 years

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2025 - 2).

4

Taxation

Tax charged/(credited) in the profit and loss account

	2026 £	2025 £
Current taxation
UK corporation tax	59,945	54,018
Deferred taxation
Arising from changes in tax rates and laws	163	(176,923)
Tax expense/(receipt) in the income statement	60,108	(122,905)

Brownfield Developments IW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

5	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 February 2025	9,302	9,302
At 31 January 2026	9,302	9,302
Depreciation
At 1 February 2025	9,059	9,059
Charge for the year	121	121
At 31 January 2026	9,180	9,180
Carrying amount
At 31 January 2026	122	122
At 31 January 2025	243	243

6	Investment properties

	2026 £
At 1 February	4,610,000
At 31 January	4,610,000

There has been no valuation of investment property by an independent valuer.

Brownfield Developments IW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

7	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 1 February 2025	9	9
Disposals	(4)	(4)
At 31 January 2026	5	5
Impairment
Carrying amount
At 31 January 2026	5	5

8

Debtors

Current	Note	2026 £	2025 £
Amounts owed by related parties	12	916,140	1,902,140
Other debtors		1,014,007	23,707
		1,930,147	1,925,847

9

Creditors

Creditors: amounts falling due within one year

	Note	2026 £	2025 £
Due within one year
Loans and borrowings	11	137,939	137,614
Trade creditors		2,215	2,165
Taxation and social security		77,796	71,909
Other creditors		282,496	230,496
		500,446	442,184

Brownfield Developments IW Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2026

Creditors: amounts falling due after more than one year

	Note	2026 £	2025 £
Due after one year
Loans and borrowings	11	779,983	910,797

10	Provisions for liabilities

	Deferred tax £	Total £
At 1 February 2025	230,759	230,759
Increase (decrease) in existing provisions	163	163
At 31 January 2026	230,922	230,922

11	Loans and borrowings

Non-current loans and borrowings

	2026 £	2025 £
Bank borrowings	779,983	910,797

Current loans and borrowings

	2026 £	2025 £
Bank borrowings	137,939	137,614

12	Related party transactions

The company has made loan advances to its subsidiary. The amount owing to the company at the balance sheet date is £88,606 (2025 - £85,606).

The company has made loans to companies in which it held a non-controlling 50% interest in the other companies issued share capital during the year. The total amount owed to the company at the balance sheet date is £827,534 (2025 - £1,816,534).