B.W.B. Properties Limited

Contents

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

B.W.B. Properties Limited

Company Information

Directors

C C Testa G W Bradshaw I W Bradshaw B W Bradshaw

Registered office

Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

Registered Number

03032796

Accountants

Verinder Powell Associates Limited Suite 5 Corum 2 Corum Office Park Crown Way Warmley Bristol BS30 8FJ

B.W.B. Properties Limited

(Registration number: 03032796)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	1,981	2,643
Investment property	5	4,335,982	4,335,706
		4,337,963	4,338,349
Current assets
Debtors	6	42,765	52,237
Cash at bank and in hand		100,824	93,562
		143,589	145,799
Creditors: Amounts falling due within one year	7	(187,866)	(163,334)
Net current liabilities		(44,277)	(17,535)
Total assets less current liabilities		4,293,686	4,320,814
Creditors: Amounts falling due after more than one year	7	(1,433,130)	(1,508,130)
Provisions for liabilities		(107,156)	(107,271)
Net assets		2,753,400	2,705,413
Capital and reserves
Called up share capital		22,500	22,500
Share premium reserve		336,250	336,250
Retained earnings		2,394,650	2,346,663
Shareholders' funds		2,753,400	2,705,413

B.W.B. Properties Limited

(Registration number: 03032796)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 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 27 November 2025 and signed on its behalf by:
 

......................................... B W Bradshaw Director

B.W.B. Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

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:
Suite 5 Corum 2
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

These financial statements were authorised for issue by the Board on 27 November 2025.

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).There have been no material departures from the Financial Reporting standard 102 1A.

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. The financial statements are prepared in Pounds Sterling (£), and are rounded to the nearest pound.

Turnover

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 revenue 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 to the extent that it relates to items recognised in other comprehensive income or directly in equity.

B.W.B. Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

The current tax charge is calculated on the basis of tax rates and laws that have bee enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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

Asset class	Depreciation method and rate
Fixtures and fittings	- 25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

B.W.B. Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

4	Tangible assets

	Fixtures and fittings £	Total £
Cost or valuation
At 1 April 2024	13,010	13,010
At 31 March 2025	13,010	13,010
Depreciation
At 1 April 2024	10,367	10,367
Charge for the year	662	662
At 31 March 2025	11,029	11,029
Carrying amount
At 31 March 2025	1,981	1,981
At 31 March 2024	2,643	2,643

B.W.B. Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5	Investment properties

	2025 £
At 1 April 2024	4,335,706
Additions	276
At 31 March 2025	4,335,982

The fair value of the investment properties has been arrived at by a valuation by the directors at their open market value at 31 March 2025 based on similar properties.

The historical cost of the fixed asset investment properties is £3,268,551 (2024 - £3,268,275).

6

Debtors

	2025 £	2024 £
Trade debtors	175	-
Prepayments	15,222	27,606
Other debtors	27,368	24,631
	42,765	52,237

7

Creditors

Due within one year	Note	2025 £	2024 £
Loans and borrowings		75,000	75,000
Trade creditors		2,664	34,731
Amounts owed to related parties	8	52,284	6,430
Taxation and social security		13,329	6,830
Accruals and deferred income		15,760	15,999
Other creditors		28,829	24,344
		187,866	163,334

 

B.W.B. Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

	Note	2025 £	2024 £
Due after one year
Loans and borrowings		1,433,130	1,508,130

At 31 March 2025, the company had secured borrowings of £1,508,130 (2024 ‐ £1,583,130) secured by:
‐ first legal charges over each of the properties mortgaged with Svenska Handelsbanken AB in favour of Svenska Handelsbanken AB.
‐ a debenture with a deed of priority/release to Svenska Handelsbanken AB.

8	Related party transactions

Loans from related parties

2025	Key management £	Total £
At start of period	6,430	6,430
Advanced	59,297	59,297
Repaid	(13,443)	(13,443)
At end of period	52,284	52,284

2024	Key management £	Total £
At start of period	3,115	3,115
Advanced	27,835	27,835
Repaid	(24,520)	(24,520)
At end of period	6,430	6,430

Terms of loans from related parties

Loans from key management are interest free and repayable on demand.