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REGISTERED NUMBER: 11198551 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BRADGATE PROPERTIES LTD

BRADGATE PROPERTIES LTD (REGISTERED NUMBER: 11198551)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRADGATE PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mrs C S Kind
D W Pierce





REGISTERED OFFICE: Cedar House 3 Broad Street
Enderby
Leicester
LE19 4AA





REGISTERED NUMBER: 11198551 (England and Wales)





ACCOUNTANTS: J Raftery Accountancy
16 Brookes Avenue
Croft
Leicester
Leicestershire
LE9 3GJ

BRADGATE PROPERTIES LTD (REGISTERED NUMBER: 11198551)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 218 291
Investment property 5 634,632 634,632
634,850 634,923

CURRENT ASSETS
Debtors 6 87 -
Cash at bank 398 2,334
485 2,334
CREDITORS
Amounts falling due within one year 7 93,381 105,710
NET CURRENT LIABILITIES (92,896 ) (103,376 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

541,954

531,547

CREDITORS
Amounts falling due after more than one
year

8

(464,528

)

(464,528

)

PROVISIONS FOR LIABILITIES 9 (48 ) (55 )
NET ASSETS 77,378 66,964

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 77,278 66,864
SHAREHOLDERS' FUNDS 77,378 66,964

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 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.

BRADGATE PROPERTIES LTD (REGISTERED NUMBER: 11198551)

BALANCE SHEET - continued
30 APRIL 2024


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 5 August 2024 and were signed on its behalf by:




D W Pierce - Director



Mrs C S Kind - Director


BRADGATE PROPERTIES LTD (REGISTERED NUMBER: 11198551)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Bradgate Properties 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.

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.

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.

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 (2023 - NIL).

BRADGATE PROPERTIES LTD (REGISTERED NUMBER: 11198551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 1,999 690 2,689
DEPRECIATION
At 1 May 2023 1,999 399 2,398
Charge for year - 73 73
At 30 April 2024 1,999 472 2,471
NET BOOK VALUE
At 30 April 2024 - 218 218
At 30 April 2023 - 291 291

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 634,632
NET BOOK VALUE
At 30 April 2024 634,632
At 30 April 2023 634,632

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments 87 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 2,458 1,762
Other creditors 11,489 24,579
Directors' current accounts 78,849 78,849
Accrued expenses 585 520
93,381 105,710

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yrs non-inst 464,528 464,528

BRADGATE PROPERTIES LTD (REGISTERED NUMBER: 11198551)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 464,528 464,528

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 48 55

Deferred
tax
£   
Balance at 1 May 2023 55
Provided during year (7 )
Balance at 30 April 2024 48

10. RELATED PARTY DISCLOSURES

As at the year ended 30 April 2024, there was a balance owed to the directors by the company of £78,849 (2023 £78,849). This amount is included within creditors on the balance sheet.

At the year end the company owes £3,500 to Bradgate Financial Solutions Ltd which is an associated company. This amount is included within the other creditors on the balance sheet.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr D Pierce & Mrs C Kind.

The ultimate controlling party is Mr D Pierce & Mrs C Kind.