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REGISTERED NUMBER: 05052787 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Cathedral Builders (Bradford) Limited

Cathedral Builders (Bradford) Limited (Registered number: 05052787)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cathedral Builders (Bradford) Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: Mr K M Young
Mrs A J Young





SECRETARY: Mrs A J Young





REGISTERED OFFICE: Pickering House
40A York Place
Leeds
LS1 2ED





REGISTERED NUMBER: 05052787 (England and Wales)





ACCOUNTANTS: Aysgarth Chartered Accountants
Pickering House
40A York Place
Leeds
LS1 2ED

Cathedral Builders (Bradford) Limited (Registered number: 05052787)

Balance Sheet
28 February 2023

28/2/23 28/2/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 26,530 28,582
Investment property 5 180,000 180,000
206,530 208,582

CURRENT ASSETS
Debtors 6 111,637 124,269
Cash at bank 74,304 90,632
185,941 214,901
CREDITORS
Amounts falling due within one year 7 102,130 85,427
NET CURRENT ASSETS 83,811 129,474
TOTAL ASSETS LESS CURRENT LIABILITIES 290,341 338,056

CREDITORS
Amounts falling due after more than one year 8 (177,532 ) (158,082 )

PROVISIONS FOR LIABILITIES (16,500 ) (16,900 )
NET ASSETS 96,309 163,074

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 48,810 48,810
Retained earnings 47,399 114,164
SHAREHOLDERS' FUNDS 96,309 163,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

Cathedral Builders (Bradford) Limited (Registered number: 05052787)

Balance Sheet - continued
28 February 2023


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 20 November 2023 and were signed on its behalf by:





Mrs A J Young - Director


Cathedral Builders (Bradford) Limited (Registered number: 05052787)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Cathedral Builders (Bradford) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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
Turnover 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.
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33.3% on cost

Tangible fixed assets are stated at cost, being purchase price, less accumulated depreciation.

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.

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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Cathedral Builders (Bradford) Limited (Registered number: 05052787)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2022 1,248 44,094 1,074 46,416
Additions 9,561 - 550 10,111
Disposals (1,248 ) - - (1,248 )
At 28 February 2023 9,561 44,094 1,624 55,279
DEPRECIATION
At 1 March 2022 1,248 15,512 1,074 17,834
Charge for year 956 11,024 183 12,163
Eliminated on disposal (1,248 ) - - (1,248 )
At 28 February 2023 956 26,536 1,257 28,749
NET BOOK VALUE
At 28 February 2023 8,605 17,558 367 26,530
At 28 February 2022 - 28,582 - 28,582

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 180,000
NET BOOK VALUE
At 28 February 2023 180,000
At 28 February 2022 180,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2021 30,260
Valuation in 2022 30,000
Cost 119,740
180,000

Cathedral Builders (Bradford) Limited (Registered number: 05052787)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

28/2/23 28/2/22
£    £   
Cost 119,740 119,740

Investment property was valued on an open market basis on 28 February 2022 by the Directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Other debtors 111,637 124,269

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28/2/23 28/2/22
£    £   
Hire purchase contracts 3,573 3,573
Trade creditors 2,943 7,230
Taxation and social security 3,324 7,334
Other creditors 92,290 67,290
102,130 85,427

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28/2/23 28/2/22
£    £   
Hire purchase contracts 14,509 18,082
Other creditors 163,023 140,000
177,532 158,082

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans due after 5 years 103,023 100,000

Cathedral Builders (Bradford) Limited (Registered number: 05052787)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. SECURED DEBTS

The following secured debts are included within creditors:

28/2/23 28/2/22
£    £   
Hire purchase contracts 18,082 21,655
Other loans 103,023 100,000
121,105 121,655

Other loans are secured by way of a charge on the Investment Property of the company.
Hire purchase contracts are secured on the motor vehicle assets concerned.

10. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £108,394 (2022: £108,394) due from Elysium Homes Yorkshire Limited, a company that Mr K M Young and Mrs A J Young are also directors.

The directors have given a personal guarantee in respect of other loans to a value of £103,023.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K M Young.