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REGISTERED NUMBER: 05289322 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Steve Brady Developments Limited

Steve Brady Developments Limited (Registered number: 05289322)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Steve Brady Developments Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: S C Brady





SECRETARY: Mrs D I Booth





REGISTERED OFFICE: c/o ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB





REGISTERED NUMBER: 05289322 (England and Wales)





ACCOUNTANTS: ABC Accounting Services
1 Willoughton Place
Wharton Close
Gainsborough
Lincolnshire
DN21 1EB

Steve Brady Developments Limited (Registered number: 05289322)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,989 10,619
Investment property 5 345,000 345,000
353,989 355,619

CURRENT ASSETS
Debtors 6 146,520 148,222
Cash at bank 5,878 32,533
152,398 180,755
CREDITORS
Amounts falling due within one year 7 121,581 144,841
NET CURRENT ASSETS 30,817 35,914
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,806

391,533

PROVISIONS FOR LIABILITIES 10,450 10,450
NET ASSETS 374,356 381,083

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 374,355 381,082
SHAREHOLDERS' FUNDS 374,356 381,083

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Steve Brady Developments Limited (Registered number: 05289322)

Balance Sheet - continued
31 March 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 director and authorised for issue on 29 October 2024 and were signed by:





S C Brady - Director


Steve Brady Developments Limited (Registered number: 05289322)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Steve Brady Developments 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 represents rents received and sales of investment property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance

Investment properties
Investment property is held at fair value. Gains are recognised in the P&L account. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

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.

Full provision has been made on the gains arising from the fair value review of the investment property.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

Steve Brady Developments Limited (Registered number: 05289322)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 7,720 9,557 1,482 18,759
DEPRECIATION
At 1 April 2023 772 7,072 296 8,140
Charge for year 772 621 237 1,630
At 31 March 2024 1,544 7,693 533 9,770
NET BOOK VALUE
At 31 March 2024 6,176 1,864 949 8,989
At 31 March 2023 6,948 2,485 1,186 10,619

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 345,000
NET BOOK VALUE
At 31 March 2024 345,000
At 31 March 2023 345,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 345,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 146,157 146,157
VAT 363 912
Prepayments - 1,153
146,520 148,222

Steve Brady Developments Limited (Registered number: 05289322)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other loans 10,000 10,000
Tax 388 -
Directors' current accounts 110,392 109,041
Deferred income - 25,000
Accrued expenses 801 800
121,581 144,841

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £6,750 (2023 - £34,000) were paid to the director .

Mr S Brady is also the proprietor of Bridge Street Cars. At the balance sheet date the company was owed £146,157 by Bridge Street Cars ( 2023 - £146,157).

9. ULTIMATE CONTROLLING PARTY

The controlling party is S C Brady.