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REGISTERED NUMBER: 11028075 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2023

for

Brad-Chem Holdings Limited

Brad-Chem Holdings Limited (Registered number: 11028075)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Brad-Chem Holdings Limited

Company Information
for the Year Ended 30 September 2023







DIRECTOR: C E Brady





SECRETARY: A F Brady





REGISTERED OFFICE: Unit D6, Walter Leigh Way
Moss Industrial Estate
Leigh
WN7 3PT





REGISTERED NUMBER: 11028075 (England and Wales)





ACCOUNTANTS: Robbins
176 Monton Road
Monton
Greater Manchester
M30 9GA

Brad-Chem Holdings Limited (Registered number: 11028075)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,130,853 3,130,853

CREDITORS
Amounts falling due within one year 5 1,186,118 1,136,636
NET CURRENT LIABILITIES (1,186,118 ) (1,136,636 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,944,735

1,994,217

CREDITORS
Amounts falling due after more than one
year

6

645,000

695,000
NET ASSETS 1,299,735 1,299,217

CAPITAL AND RESERVES
Called up share capital 100 100
Share premium 1,294,637 1,294,637
Retained earnings 4,998 4,480
SHAREHOLDERS' FUNDS 1,299,735 1,299,217

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 17 April 2024 and were signed by:





C E Brady - Director


Brad-Chem Holdings Limited (Registered number: 11028075)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Brad-Chem Holdings 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.

Preparation of consolidated financial statements
The financial statements contain information about Brad-Chem Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 NIL (2022 - NIL).

Brad-Chem Holdings Limited (Registered number: 11028075)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2022
and 30 September 2023 3,130,853
NET BOOK VALUE
At 30 September 2023 3,130,853
At 30 September 2022 3,130,853

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Amounts owed to group undertakings 487,915 320,685
Other creditors 698,203 815,951
1,186,118 1,136,636

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Other creditors 645,000 695,000

7. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Loan Notes 200,000 300,000

Included in creditors under one year are loan notes totalling £200,000, that are secured, due to Mrs A F Brady.

With effect from 22 November 2017 there is a Fixed charge over all estates or interests in any freehold or leasehold property belonging to the company now or at any time after the date of the debenture, Fixed charge over all patents, patent applications, trade marks and trade mark applications.

The charge contains a floating charge covering all the property or undertaking of the company and contains a negative pledge.

8. FINANCIAL INSTRUMENTS

Included in creditors over one year are redeemable preference shares.

The company may at any time after 12 months following the adoption date give written notice to redeem all or any part of the preference shares on a date to be determined by the Board.

Brad-Chem Holdings Limited (Registered number: 11028075)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

9. RELATED PARTY DISCLOSURES

Included in creditors is an amount due to the director and shareholder, Mr C E Brady of £491,787 (2022- £514,655) and Mrs A F Brady, shareholder, of £5,000 in addition to the Loan Notes.

10. ULTIMATE CONTROLLING PARTY

The controlling party is C E Brady.

As at 30 September 2022, Mr C Brady and members of his family own 100% of the issued share capital.