Brinkley Grays Ltd

	Page
Balance Sheet	1
Notes to the Financial Statements	2—3

Registered number: 16212708

		2026
	Notes	£	£
CURRENT ASSETS
Debtors	4	124
Cash at bank and in hand		2,538

		2,662
Creditors: Amounts Falling Due Within One Year	5	(14,093 )

NET CURRENT ASSETS (LIABILITIES)			(11,431 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(11,431 )

NET LIABILITIES			(11,431 )

CAPITAL AND RESERVES
Called up share capital	6		136
Share premium account			175,312
Other reserves			13,964
Profit and Loss Account			(200,843 )

SHAREHOLDERS' FUNDS			(11,431)

For the 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.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Reuben Gray

Director

27th October 2026

The notes on pages 2 to 3 form part of these financial statements.

1. General Information

Brinkley Grays Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 16212708 . The registered office is Smiths Farm, Washfield, Tiverton, EX16 9RF.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

At 31 January 2026 the company had net liabilities of £11,431. This reflects its start-up costs ahead of its first ski expeditions, which are scheduled for February 2027.

Since the year end, the company has received further share subscriptions and sales of ski expedition places. The directors have confirmed they will not seek repayment for at least 12 months from the date these financial statements are approved. The directors have prepared forecasts and are satisfied that the company has adequate resources to continue in operation for the foreseeable future. The financial statements have therefore been prepared on the going concern basis.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2

4. Debtors

	2026
	£
Due within one year
Other debtors	124

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Brinkley Grays Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 January 2026

5. Creditors: Amounts Falling Due Within One Year

	2026
	£
Trade creditors	7,970
Other creditors	6,123

	14,093

6. Share Capital

	2026
Allotted, called up but not fully paid	£
135,841 Ordinary Shares of £ 0.001 each	136

Of the £136 above, £124 was unpaid at 31 January 2026. It is shown in debtors as called up share capital not paid. On 13 October 2025, the 10,000 Ordinary shares of £0.01 each were sub-divided into 100,000 Ordinary shares of £0.001 each.

The 7,884 shares allotted on 13 October 2025 were issued under an equity-for-services agreement in return for business coaching services. They have been measured at fair value, based on the price paid by investors for shares issued on the same date. The cost of the services is included in administrative expenses.

Costs directly attributable to issuing shares, totalling £7,549, have been deducted from the share premium account.

Shares to be issued

At 31 January 2026, the company had received £13,964 of subscription money for 941 Ordinary shares, which were allotted after the year end. This is shown within capital and reserves as shares to be issued.

7. Exceptional Items

Exceptional items of £117k are the cost of a start-up coaching programme provided by AIForge Limited. The company paid for it by issuing 7,884 Ordinary shares, valued at the £14.84 per share paid by investors on the same date, and no cash was paid. The cost is shown separately because of its size and because it is a one-off, non-cash cost that is not expected to recur.

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