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REGISTERED NUMBER: 12128071 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Circus Developments (Bradford) Ltd

Circus Developments (Bradford) Ltd (Registered number: 12128071)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Circus Developments (Bradford) Ltd

Company Information
for the Year Ended 31 July 2023







DIRECTOR: A Sims





SECRETARY: A Sims





REGISTERED OFFICE: 3 Park Square East
Leeds
West Yorkshire
LS12NE





REGISTERED NUMBER: 12128071 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

Circus Developments (Bradford) Ltd (Registered number: 12128071)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 10,151,427 7,080,350

CURRENT ASSETS
Debtors 5 31,311 40,099
Cash at bank 342,038 231,777
373,349 271,876
CREDITORS
Amounts falling due within one year 6 6,786,626 3,611,920
NET CURRENT LIABILITIES (6,413,277 ) (3,340,044 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,738,150

3,740,306

CAPITAL AND RESERVES
Called up share capital 8 159 115
Share premium 9 446,385 446,385
Fair value reserve 9 3,300,000 3,300,000
Retained earnings 9 (8,394 ) (6,194 )
SHAREHOLDERS' FUNDS 3,738,150 3,740,306

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 26 July 2024 and were signed by:





A Sims - Director


Circus Developments (Bradford) Ltd (Registered number: 12128071)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Circus Developments (Bradford) Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 7,080,350
Additions 3,071,077
At 31 July 2023 10,151,427
NET BOOK VALUE
At 31 July 2023 10,151,427
At 31 July 2022 7,080,350

Circus Developments (Bradford) Ltd (Registered number: 12128071)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2023 10,151,427

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Directors' current accounts 4,209 4,209
VAT 21,202 28,790
Prepayments 5,900 7,100
31,311 40,099

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Loan creditors 6,786,626 3,611,920

7. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Loan creditors 5,579,783 2,368,803

Included within other creditors are a bank loan and a loan from a shareholder of the company. These loans are secured via first fixed charges over all present and future estates or interests of the company in, or over, any freehold or leasehold or commonhold property and over the company's present and future intellectual property.

Interest is being charged on the balance at a rate of 6% per annum.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
75 A Ordinary £1 75 75
32 B Ordinary £1 32 20
5 C Ordinary £1 5 5
112 100

12 B Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

During the year 32 D Ordinary shares of nominal value £1 were issued at par. The total number of D Ordinary shares in issue at 31 July 2023 is 47 (2022: 15).

Circus Developments (Bradford) Ltd (Registered number: 12128071)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. RESERVES
Fair
Retained Share value
earnings premium reserve Totals
£    £    £    £   

At 1 August 2022 (6,194 ) 446,385 3,300,000 3,740,191
Deficit for the year (2,200 ) (2,200 )
At 31 July 2023 (8,394 ) 446,385 3,300,000 3,737,991

10. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of its director.