REGISTERED NUMBER: 15235368 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

B&R Assets Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

22,308

29,744

Investment property

5

6,234,248

1,989,915

6,256,556

2,019,659

CURRENT ASSETS

Debtors

6

283,707

111,855

Cash at bank

26,773

1,225,747

310,480

1,337,602

CREDITORS

Amounts falling due within one year

7

4,383,231

852,990

NET CURRENT (LIABILITIES)/ASSETS

(4,072,751

)

484,612

TOTAL ASSETS LESS CURRENT LIABILITIES

2,183,805

2,504,271

CREDITORS

Amounts falling due after more than one year

8

3,730,701

2,777,580

NET LIABILITIES

(1,546,896

)

(273,309

)

CAPITAL AND RESERVES

Called up share capital

10

100

100

Retained earnings

(1,546,996

)

(273,409

)

SHAREHOLDERS' FUNDS

(1,546,896

)

(273,309

)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 October 2026 and were signed on its behalf by:

Mr Remon Jager - Director

1.	STATUTORY INFORMATION

B&R Assets Ltd 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:

15235368

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

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 as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

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

Fixtures and fittings

-

20% on cost

Investment property

Investment properties that are completed and available for letting are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in profit or loss in the period in which they arise.

Properties that are under construction, refurbishment or not yet capable of being let are carried at cost, as fair value cannot be reliably determined at the balance sheet date.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern

The company has net liabilities of £1,546,896. The accounts have been prepared on a going concern basis, as the directors have confirmed, as at the date of this report, that they will be able to secure continued financial support for the company for the foreseeable future.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

and

fittings

£

COST

At 1 January 2025

and 31 December 2025

37,180

DEPRECIATION

At 1 January 2025

7,436

Charge for year

7,436

At 31 December 2025

14,872

NET BOOK VALUE

At 31 December 2025

22,308

At 31 December 2024

29,744

5.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 January 2025

1,989,915

Additions

4,611,806

Revaluations

(367,473

)

At 31 December 2025

6,234,248

NET BOOK VALUE

At 31 December 2025

6,234,248

At 31 December 2024

1,989,915

Investment property situated at 47 Elm Road, Seaforth, Liverpool, L21 1BJ is under a charge from Together Commercial Finance Limited. The charge was created on 6th December 2024.

Investment property situated at 1 Moor Lane, Bolton, BL1 4TA is under a charge from Ms Lending Spv 1 Limited. The charge was created on 3rd February 2025.

Investment property situated at following properties are under a charge from Ultimate Bridging Finance Limited. The charge was created on 4th February 2025.

a) 14 Clarence Road, Ashton-Under-Lyne, OL6 8JE

b) 16 Clarence Road, Ashton-Under-Lyne, OL6 8JE

c) 17 Turner Street, Gorton, Manchester, M18 8LG

d) 8 Flint Street, Droylsden, M43 7HA

e) 46 Scott Road, Droylsden, M43 7UX

f) 8 Scott Road, Droylsden, M43 7UY

g)23 Kimbolton Close, Manchester, M12 5PD

h) 15 Manor Road, Droylsden, Manchester, M43 6QA

i) 18 Moss Bank Avenue, Droylsden, M43 7XE

j) 4 Myrtle Grove, Droylsden, M43 7GS

k) 21 Hart Street, Droylsden, M43 7AN

l) 378 Greenside Lane, Droylsden, M43 7RZ

m) 6 Browning Avenue, Droylsden, M43 6QG

n) 6 Wordsworth Avenue, Droylsden, M43 6GA

o) 11 Scott Road, Droylsden, M43 7UW

p) 6 Annable Road, Droylsden, Manchester, M43 7ED

q) 9 Southfield Close, Dukinfield, SK16 5RX

r) 147 Moorside Street, Droylsden, Manchester, M43 7HQ

s) 333 Fairfield Road, Droylsden, M43 6EB

t) 102 Moorside Street, Droylsden, M43 7HL

u) 23 Ruskin Road, Droylsden, M43 7YP

Investment properties situated at a) 49 Knutsford Road, Manchester, M18 7NJ, b) 51 knutsford Road, Manchester, M18 7NJ, and 3) 76 Arkles Lane, Liverpool, L4 2SP are under a charge from Hope Capital 2 Limited. The charge was created on 2nd October 2025.

Investment properties situated at 28 Woodchurch Road, Birkenhead, CH42 9LW is under a charge from Colcap Financial UK Limited. The charge was created on 28th November 2025.

Cost or valuation at 31 December 2025 is represented by:

£

Valuation in 2025

(367,473

)

Cost

6,601,721

6,234,248

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Other debtors

283,707

111,855

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans and overdrafts

4,231,996

822,596

Other creditors

151,235

30,394

4,383,231

852,990

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

31.12.24

£

£

Bank loans

178,875

-

Other creditors

3,551,826

2,777,580

3,730,701

2,777,580

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

178,875

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

£

Bank loans

4,410,871

822,596

The loan amounting to £112,596 is secured by the way of charge on the property situated at 47 Elm Road, Seaforth, Liverpool, L21 1BJ (disclosed as investment property). The charge was created in the name of Together Commercial Finance Limited on 6th December 2024.

The loan amounting to £147,000 is secured by the way of charge on the property situated at 1 Moor Lane, Bolton, BL1 4TA (disclosed as investment property). The charge was created in the name of Ms Lending Spv 1 Limited on 3rd February 2025.

The loan amounting to £3,297,500 is secured by the way of charge on the following properties (disclosed as investment properties). The charge was created in the name of Ultimate Bridging Finance Limited on 4th February 2025.

a) 14 Clarence Road, Ashton-Under-Lyne, OL6 8JE

b) 16 Clarence Road, Ashton-Under-Lyne, OL6 8JE

c) 17 Turner Street, Gorton, Manchester, M18 8LG

d) 8 Flint Street, Droylsden, M43 7HA

e) 46 Scott Road, Droylsden, M43 7UX

f) 8 Scott Road, Droylsden, M43 7UY

g)23 Kimbolton Close, Manchester, M12 5PD

h) 15 Manor Road, Droylsden, Manchester, M43 6QA

i) 18 Moss Bank Avenue, Droylsden, M43 7XE

j) 4 Myrtle Grove, Droylsden, M43 7GS

k) 21 Hart Street, Droylsden, M43 7AN

l) 378 Greenside Lane, Droylsden, M43 7RZ

m) 6 Browning Avenue, Droylsden, M43 6QG

n) 6 Wordsworth Avenue, Droylsden, M43 6GA

o) 11 Scott Road, Droylsden, M43 7UW

p) 6 Annable Road, Droylsden, Manchester, M43 7ED

q) 9 Southfield Close, Dukinfield, SK16 5RX

r) 147 Moorside Street, Droylsden, Manchester, M43 7HQ

s) 333 Fairfield Road, Droylsden, M43 6EB

t) 102 Moorside Street, Droylsden, M43 7HL

u) 23 Ruskin Road, Droylsden, M43 7YP

The loan amounting to £674,900 is secured by the way of charge on the property situated at a) 49 Knutsford Road, Manchester, M18 7NJ, b) 51 knutsford Road, Manchester, M18 7NJ, and 3) 76 Arkles Lane, Liverpool, L4 2SP (disclosed as investment properties). The charge was created in the name of Hope Capital 2 Limited on 2nd October 2025.

The loan amounting to £178,875 is secured by the way of charge on the property situated at 28 Woodchurch Road, Birkenhead, CH42 9LW (disclosed as investment property). The charge was created in the name of Colcap Financial UK Limited on 28th November 2025.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

£

100

Ordinary

£1

100

100

11.	RELATED PARTY DISCLOSURES

The company owes £3,507,688 including €3,973,509 (2024: £2,777,580 including €3,360,000) to Bert ll B.V., a company registered in Netherlands (Company registered number: 15235368), who is also a 50% shareholder of the company as at accounting year end date.

The company was owed £29,367 (2024: £26,274) from B&R Living Ltd, a company registered in United Kingdom (Company registered number: 15647040) as at accounting year end date. Mr Remon Jager and Mr Egbert Floris Roelof Belga are also directors of this company.

The company was owed £300 (2024: £300) from Triple Invest Ltd, a company registered in United Kingdom (Company registered number: 14850080) as at accounting year end date. Mr Remon Jager is also a director of this company.