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REGISTERED NUMBER: 05052787 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Cathedral Builders (Bradford) Limited

Cathedral Builders (Bradford) Limited (Registered number: 05052787)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cathedral Builders (Bradford) Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr K M Young
Mrs A J Young





SECRETARY: Mrs A J Young





REGISTERED OFFICE: Suite 3b
Kings House
1 King Street
Leeds
LS1 2HH





REGISTERED NUMBER: 05052787 (England and Wales)





ACCOUNTANTS: Aysgarth Chartered Accountants
Suite 3b
Kings House
1 King Street
Leeds
LS1 2HH

Cathedral Builders (Bradford) Limited (Registered number: 05052787)

Balance Sheet
29 February 2024

29/2/24 28/2/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,369 26,530
Investment property 5 250,000 180,000
264,369 206,530

CURRENT ASSETS
Debtors 6 109,700 111,637
Cash at bank 101,008 74,304
210,708 185,941
CREDITORS
Amounts falling due within one year 7 92,273 102,130
NET CURRENT ASSETS 118,435 83,811
TOTAL ASSETS LESS CURRENT LIABILITIES 382,804 290,341

CREDITORS
Amounts falling due after more than one
year

8

(233,935

)

(177,532

)

PROVISIONS FOR LIABILITIES (36,200 ) (16,500 )
NET ASSETS 112,669 96,309

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 97,695 48,810
Retained earnings 14,874 47,399
SHAREHOLDERS' FUNDS 112,669 96,309

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Cathedral Builders (Bradford) Limited (Registered number: 05052787)

Balance Sheet - continued
29 February 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 11 October 2024 and were signed on its behalf by:





Mrs A J Young - Director


Cathedral Builders (Bradford) Limited (Registered number: 05052787)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Cathedral Builders (Bradford) 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 as modified by the revaluation of certain assets.

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.
Plant and machinery - 10% on cost
Motor vehicles - 25% on cost
Computer equipment - 33.3% on cost

Tangible fixed assets are stated at cost, being purchase price, less accumulated depreciation.

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 2 (2023 - 2 ) .

Cathedral Builders (Bradford) Limited (Registered number: 05052787)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 9,561 44,094 1,624 55,279
DEPRECIATION
At 1 March 2023 956 26,536 1,257 28,749
Charge for year 956 11,022 183 12,161
At 29 February 2024 1,912 37,558 1,440 40,910
NET BOOK VALUE
At 29 February 2024 7,649 6,536 184 14,369
At 28 February 2023 8,605 17,558 367 26,530

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 180,000
Revaluations 70,000
At 29 February 2024 250,000
NET BOOK VALUE
At 29 February 2024 250,000
At 28 February 2023 180,000

Fair value at 29 February 2024 is represented by:
£   
Valuation in 2021 30,260
Valuation in 2022 30,000
Valuation in 2024 70,000
Cost 119,740
250,000

If investment property had not been revalued it would have been included at the following historical cost:

29/2/24 28/2/23
£    £   
Cost 119,740 119,740

Investment property was valued on an open market basis on 29 February 2024 by the Directors .

Cathedral Builders (Bradford) Limited (Registered number: 05052787)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Other debtors 109,700 111,637

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
£    £   
Hire purchase contracts 3,573 3,573
Trade creditors 2,096 2,943
Taxation and social security 6,528 3,324
Other creditors 80,076 92,290
92,273 102,130

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29/2/24 28/2/23
£    £   
Hire purchase contracts 10,936 14,509
Other creditors 222,999 163,023
233,935 177,532

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans due after 5 years 102,999 103,023

9. SECURED DEBTS

The following secured debts are included within creditors:

29/2/24 28/2/23
£    £   
Hire purchase contracts 14,509 18,082
Other loans 102,999 103,023
117,508 121,105

Other loans are secured by way of a charge on the Investment Property of the company.
Hire purchase contracts are secured on the motor vehicle assets concerned.

10. RELATED PARTY DISCLOSURES

Included in debtors is an amount of £108,394 (2023: £108,394) due from Elysium Homes Yorkshire Limited, a company that Mr K M Young and Mrs A J Young are also directors.

The directors have given a personal guarantee in respect of other loans to a value of £102,999.

Cathedral Builders (Bradford) Limited (Registered number: 05052787)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr K M Young.