Caseware UK (AP4) 2023.0.135 2023.0.135 2023-09-302023-09-30false2022-10-01No description of principal activity77truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00200080 2022-10-01 2023-09-30 00200080 2021-10-01 2022-09-30 00200080 2023-09-30 00200080 2022-09-30 00200080 2021-10-01 00200080 c:Director1 2022-10-01 2023-09-30 00200080 d:PlantMachinery 2022-10-01 2023-09-30 00200080 d:PlantMachinery 2023-09-30 00200080 d:PlantMachinery 2022-09-30 00200080 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 00200080 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-10-01 2023-09-30 00200080 d:MotorVehicles 2022-10-01 2023-09-30 00200080 d:MotorVehicles 2023-09-30 00200080 d:MotorVehicles 2022-09-30 00200080 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 00200080 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-10-01 2023-09-30 00200080 d:FurnitureFittings 2022-10-01 2023-09-30 00200080 d:FurnitureFittings 2023-09-30 00200080 d:FurnitureFittings 2022-09-30 00200080 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 00200080 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2022-10-01 2023-09-30 00200080 d:OfficeEquipment 2022-10-01 2023-09-30 00200080 d:OfficeEquipment 2023-09-30 00200080 d:OfficeEquipment 2022-09-30 00200080 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 00200080 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-10-01 2023-09-30 00200080 d:OwnedOrFreeholdAssets 2022-10-01 2023-09-30 00200080 d:LeasedAssetsHeldAsLessee 2022-10-01 2023-09-30 00200080 d:FreeholdInvestmentProperty 2023-09-30 00200080 d:FreeholdInvestmentProperty 2022-09-30 00200080 d:FreeholdInvestmentProperty 2 2022-10-01 2023-09-30 00200080 d:CurrentFinancialInstruments 2023-09-30 00200080 d:CurrentFinancialInstruments 2022-09-30 00200080 d:Non-currentFinancialInstruments 2023-09-30 00200080 d:Non-currentFinancialInstruments 2022-09-30 00200080 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00200080 d:CurrentFinancialInstruments d:WithinOneYear 2022-09-30 00200080 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 00200080 d:Non-currentFinancialInstruments d:AfterOneYear 2022-09-30 00200080 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 00200080 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-09-30 00200080 d:ShareCapital 2023-09-30 00200080 d:ShareCapital 2022-09-30 00200080 d:ShareCapital 2021-10-01 00200080 d:CapitalRedemptionReserve 2022-10-01 2023-09-30 00200080 d:CapitalRedemptionReserve 2023-09-30 00200080 d:CapitalRedemptionReserve 2021-10-01 2022-09-30 00200080 d:CapitalRedemptionReserve 2022-09-30 00200080 d:CapitalRedemptionReserve 2021-10-01 00200080 d:RevaluationReserve 2022-10-01 2023-09-30 00200080 d:RevaluationReserve 2023-09-30 00200080 d:RevaluationReserve 2021-10-01 2022-09-30 00200080 d:RevaluationReserve 2022-09-30 00200080 d:RevaluationReserve 2021-10-01 00200080 d:OtherMiscellaneousReserve 2022-10-01 2023-09-30 00200080 d:OtherMiscellaneousReserve 2023-09-30 00200080 d:OtherMiscellaneousReserve 2021-10-01 2022-09-30 00200080 d:OtherMiscellaneousReserve 2022-09-30 00200080 d:OtherMiscellaneousReserve 2021-10-01 00200080 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 00200080 d:RetainedEarningsAccumulatedLosses 2023-09-30 00200080 d:RetainedEarningsAccumulatedLosses 2021-10-01 2022-09-30 00200080 d:RetainedEarningsAccumulatedLosses 2022-09-30 00200080 d:RetainedEarningsAccumulatedLosses 2021-10-01 00200080 c:FRS102 2022-10-01 2023-09-30 00200080 c:AuditExempt-NoAccountantsReport 2022-10-01 2023-09-30 00200080 c:FullAccounts 2022-10-01 2023-09-30 00200080 c:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 00200080 d:HirePurchaseContracts d:WithinOneYear 2023-09-30 00200080 d:HirePurchaseContracts d:WithinOneYear 2022-09-30 00200080 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-09-30 00200080 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-09-30 00200080 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-30 00200080 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-09-30 00200080 d:LeasedAssetsHeldAsLessee 2023-09-30 00200080 d:LeasedAssetsHeldAsLessee 2022-09-30 00200080 f:PoundSterling 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure

Registered number: 00200080










J. BRADBURN & COMPANY, LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2023

 
J. BRADBURN & COMPANY, LIMITED
REGISTERED NUMBER: 00200080

BALANCE SHEET
AS AT 30 SEPTEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
12,898
15,245

Investments
 5 
99
99

Investment property
 6 
5,965,705
6,039,670

  
5,978,702
6,055,014

Current assets
  

Debtors: amounts falling due within one year
 7 
44,262
43,004

Cash at bank and in hand
  
250,485
328,053

  
294,747
371,057

Creditors: amounts falling due within one year
 8 
(204,831)
(696,685)

Net current assets/(liabilities)
  
 
 
89,916
 
 
(325,628)

Total assets less current liabilities
  
6,068,618
5,729,386

Creditors: amounts falling due after more than one year
 9 
(425,517)
(429)

Provisions for liabilities
  

Deferred tax
  
(109,044)
(125,200)

  
 
 
(109,044)
 
 
(125,200)

Net assets
  
5,534,057
5,603,757


Capital and reserves
  

Called up share capital 
  
20,431
20,431

Revaluation reserve
  
3,420,972
3,461,856

Capital redemption reserve
  
28,897
28,897

Other reserves
  
91,337
91,337

Profit and loss account
  
1,972,420
2,001,236

  
5,534,057
5,603,757


Page 1

 
J. BRADBURN & COMPANY, LIMITED
REGISTERED NUMBER: 00200080
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 9 April 2024.




DAR Wood MRICS
Director

The notes on pages 4 to 11 form part of these financial statements.

Page 2

 

 
J. BRADBURN & COMPANY, LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2023



Called up share capital
Capital redemption reserve
Revaluation reserve
Other reserves
Profit and loss account
Total equity


£
£
£
£
£
£



At 1 October 2021
20,431
28,897
3,577,569
91,337
1,957,535
5,675,769





Profit for the year
-
-
-
-
132,298
132,298


Dividends: Equity capital
-
-
-
-
(204,310)
(204,310)


Transfer to/from profit and loss account
-
-
(115,713)
-
115,713
-





At 1 October 2022
20,431
28,897
3,461,856
91,337
2,001,236
5,603,757





Profit for the year
-
-
-
-
114,179
114,179


Dividends: Equity capital
-
-
-
-
(183,879)
(183,879)


Transfer to/from profit and loss account
-
-
(40,884)
-
40,884
-



At 30 September 2023
20,431
28,897
3,420,972
91,337
1,972,420
5,534,057



The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1.


General information

J. Bradburn & Company, Limited is a private company limited by shares incorporated in England and Wales, registration number 00200080. The registered office is Helister House, Riding Mill, Northumberland, NE44 6JB. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

These financial statements have been prepared on the basis that the company continues to be a going concern.  At the accounting reference date the Company had substantial net assets and cash resources.
The directors have not produced formal cash flow forecasts though informally they are of the opinion that the company will continue to enjoy cash surpluses for the foreseeable future. The company continues to trade profitably and to generate sufficient funds to meet its financing commitments as they fall due.

 
2.4

Revenue

Revenue, being rental income, is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rent incentives and rebates, and value added tax.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 4

 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
15%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2.Accounting policies (continued)

 
2.8

Investment property

Investment property is carried at fair value determined annually by directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 7 (2022 - 7).

Page 6

 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2022
7,478
53,868
47,120
1,482
109,948


Additions
-
-
-
1,583
1,583


Disposals
-
(12,950)
-
-
(12,950)



At 30 September 2023

7,478
40,918
47,120
3,065
98,581



Depreciation


At 1 October 2022
5,697
43,223
45,687
96
94,703


Charge for the year on owned assets
282
1,539
232
447
2,500


Charge for the year on financed assets
-
1,020
-
-
1,020


Disposals
-
(12,540)
-
-
(12,540)



At 30 September 2023

5,979
33,242
45,919
543
85,683



Net book value



At 30 September 2023
1,499
7,676
1,201
2,522
12,898



At 30 September 2022
1,781
10,645
1,433
1,386
15,245

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
3,060
4,080

3,060
4,080

Page 7

 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2022
99



At 30 September 2023
99





6.


Investment property


Freehold investment property

£



Valuation


At 1 October 2022
6,039,670


Surplus on revaluation
(73,966)



At 30 September 2023
5,965,704

The 2023 valuations were made by DAR Wood MRICS, a director, on 30 September 2023, the valuation being in accordance with the Royal Institution of Chartered Surveyors Valuation Standards definition, on an open market value for existing use basis.



At 30 September 2023



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
2,855,254
2,855,254

Accumulated depreciation and impairments
(1,595,567)
(1,521,051)

1,259,687
1,334,203

Page 8

 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

7.


Debtors

2023
2022
£
£


Trade debtors
20,327
30,648

Prepayments and accrued income
23,935
12,356

44,262
43,004



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
-
497,230

Trade creditors
15,245
8,710

Corporation tax
48,755
57,050

Other taxation and social security
9,833
15,708

Obligations under finance lease and hire purchase contracts
430
2,578

Other creditors
50
547

Accruals and deferred income
130,518
114,862

204,831
696,685


The following liabilities were secured:

2023
2022
£
£



Bank loans
-
497,230

Obligations under finance lease and hire purchase contracts
430
2,578

430
499,808

Details of security provided:

The bank loans are secured by charges over certain freehold properties.
Net obligations under finance leases and hire purchase contracts are secured on assets to which they relate.

Page 9

 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
425,517
-

Net obligations under finance leases and hire purchase contracts
-
429

425,517
429


The following liabilities were secured:

2023
2022
£
£



Bank loans
425,517
-

Net obligations under finance leases and hire purchase contracts
-
429

425,517
429

Details of security provided:

The bank loans are secured by charges over certain freehold properties.
Net obligations under finance leases and hire purchase contracts are secured on assets to which they relate.


10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
-
497,230


-
497,230


Amounts falling due 2-5 years

Bank loans
425,517
-


425,517
-


425,517
497,230


Page 10

 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
429
2,578

Between 1-5 years
-
429

429
3,007


12.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £25,202 (2022 - £312). 


13.


Controlling party

The directors control the company as a result of their collective interest in the issued share capital of the company.  No one director has overall control. 

 
Page 11