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REGISTERED NUMBER: 01636904 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BRADFORD & ALLERTON FLATS LIMITED

BRADFORD & ALLERTON FLATS LIMITED (REGISTERED NUMBER: 01636904)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRADFORD & ALLERTON FLATS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr A D Earnshaw
Mr G Henderson





SECRETARY: Mr A D Earnshaw





REGISTERED OFFICE: Close House
Giggleswick
Settle
BD24 0EA





REGISTERED NUMBER: 01636904 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Suite 1, Aireside House
Royd Ings Avenue
Keighley
West Yorkshire
BD21 4BZ

BRADFORD & ALLERTON FLATS LIMITED (REGISTERED NUMBER: 01636904)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £ £
FIXED ASSETS
Investment property 4 6,000 6,000

CURRENT ASSETS
Debtors 5 22,087 24,121

CREDITORS
Amounts falling due within one year 6 (2,858 ) (3,520 )
NET CURRENT ASSETS 19,229 20,601
TOTAL ASSETS LESS CURRENT LIABILITIES 25,229 26,601

PROVISIONS FOR LIABILITIES (1,140 ) (1,140 )
NET ASSETS 24,089 25,461

CAPITAL AND RESERVES
Called up share capital 7 23 23
Revaluation reserve 8 4,860 4,860
Maintenance reserve 19,206 20,578
SHAREHOLDERS' FUNDS 24,089 25,461

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

BRADFORD & ALLERTON FLATS LIMITED (REGISTERED NUMBER: 01636904)

BALANCE SHEET - continued
31 DECEMBER 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 1 February 2024 and were signed on its behalf by:





Mr A D Earnshaw - Director


BRADFORD & ALLERTON FLATS LIMITED (REGISTERED NUMBER: 01636904)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Bradford & Allerton Flats 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.

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


The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

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 recognised as the fair value of the consideration received or receivable during the year, from members, for service charges, ground rents and garage rents.

INVESTMENT PROPERTY
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

TAXATION
The company is carrying on a mutual business for the benefit of its members and therefore any surplus arising from members' contributions will not be assessable to Corporation Tax. Any investment income received may be assessable to Corporation Tax in the normal manner depending on the amount of income received.

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

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.

BRADFORD & ALLERTON FLATS LIMITED (REGISTERED NUMBER: 01636904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

GOING CONCERN
The financial statements have been prepared on a going concern basis.

The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least 12 months from the date of approval of these financial statements.


OTHER RESERVES - MAINTENANCE RESERVE
Repair costs are written off as expenditure is incurred.

Any surplus of income over expenditure is required to be carried forward as maintenance reserve for use towards future repair costs, however such reserve is not necessarily intended to be sufficient to cover actual major items of repair expenditure which may have to be incurred.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 January 2023
and 31 December 2023 6,000
NET BOOK VALUE
At 31 December 2023 6,000
At 31 December 2022 6,000

The investment properties comprise of 12 freehold garages together with a freehold interest in the land and buildings at 1 to 23 Wensleydale Court, Leeds. The properties were acquired at nil cost to the company. The garages have been revalued to include them in the accounts at their open market value. They were valued at 31 December 2023 by the directors at £500 each (2022 - £500) and this is considered to be their open market value.

The freehold interest in the land and buildings at 1 to 23 Wensleydale Court, Leeds are subject to a 999 year lease with the members of the company. The reversionary freehold interest is considered by the directors to have negligible market value.

BRADFORD & ALLERTON FLATS LIMITED (REGISTERED NUMBER: 01636904)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 1,145 3,041
Other debtors 20,942 21,080
22,087 24,121

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade creditors 606 608
Other creditors 2,252 2,912
2,858 3,520

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
23 Ordinary shares 1 23 23

8. RESERVES
Revaluation
reserve
£
At 1 January 2023
and 31 December 2023 4,860

The revaluation reserve represents the surplus arising on the revaluation of freehold land and buildings less a provision for deferred tax. The deferred tax provision on the surplus on the revaluation of the company's investment property amounts to £1,140 (2022: £1,140).