B&K Property Holdings Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 15032609

B&K Property Holdings Limited

Filleted Unaudited Abridged Financial Statements

31 August 2026

B&K Property Holdings Limited

Abridged Statement of Financial Position

31 August 2026

	2026	2025
Note	£	£

Fixed assets

Tangible assets	4	1,582,838	1,235,187
Investments	5	8,000	8,000
		------------	------------
		1,590,838	1,243,187

Current assets

Debtors	–	17,758
Cash at bank and in hand	102,431	140,923
	---------	---------
	102,431	158,681

Creditors: amounts falling due within one year	46,905	23,192
	---------	---------
Net current assets	55,526	135,489
	------------	------------
Total assets less current liabilities	1,646,364	1,378,676

Creditors: amounts falling due after more than one year	6	1,011,638	766,154
		------------	------------
Net assets		634,726	612,522
		------------	------------

Capital and reserves

Called up share capital	8,020	8,020
Profit and loss account	626,706	604,502
	---------	---------
Shareholders funds	634,726	612,522
	---------	---------

These abridged 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 abridged statement of income and retained earnings has not been delivered.

For the year ending 31 August 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 abridged 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 abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 August 2026 in accordance with Section 444(2A) of the Companies Act 2006.

B&K Property Holdings Limited

Abridged Statement of Financial Position (continued)

31 August 2026

These abridged financial statements were approved by the board of directors and authorised for issue on 15 October 2026 , and are signed on behalf of the board by:

T Baigent

Director

Company registration number: 15032609

B&K Property Holdings Limited

Notes to the Abridged Financial Statements

Year ended 31 August 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 87 Kings Road North, Wallsend, NE28 9JQ.

2. Statement of compliance

These abridged 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 abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.

Consolidation

The company has taken advantage of the option not to prepare consolidated abridged financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.

Corporation 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Investments

Investment properties are initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are 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.

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.

4. Tangible assets

	£
Cost
At 1 September 2025	1,235,187
Additions	347,651
	------------
At 31 August 2026	1,582,838
	------------
Depreciation
At 1 September 2025 and 31 August 2026	–
	------------
Carrying amount
At 31 August 2026	1,582,838
	------------
At 31 August 2025	1,235,187
	------------

The investment properties were valued on acquisition at open market value by an independent, qualified valuer in 2024/25. Subsequent purchases have been included at cost. The current fair value remains £1,582,838.

5. Investments

	£
Cost
At 1 September 2025 and 31 August 2026	8,000
	-------
Impairment
At 1 September 2025 and 31 August 2026	–
	-------
Carrying amount
At 31 August 2026	8,000
	-------
At 31 August 2025	8,000
	-------

6. Creditors: amounts falling due after more than one year

Included within creditors: amounts falling due after more than one year is an amount of £555,056 (2025: £443,940) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.

Creditors due after more than five years repayable by installments relates to mortgages secured on five investment properties with a book value of £1,220,225, and reflects the fair value of the loan. Interest is charged at a rate linked to base rate.

7. Directors' advances, credits and guarantees

During the year the directors entered into the following advances and credits with the company:

	2026
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
T Baigent	17,664	280	( 18,045)	( 101)
	--------	----	--------	----

	2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
T Baigent	22,136	39,638	( 44,110)	17,664
	--------	--------	--------	--------

8. Related party transactions

Included in creditors: Amounts falling due after more than one year is £ 363,846 (2025: £363,846) due to B&K Electricals Limited , a 100% subsidiary company.