BrightAccountsProduction v1.0.0 v1.0.0 2023-03-01 The company was not dormant during the period The company was trading for the entire period The principal activity of the company is that of a holding company. 16 October 2024 0 0 05792113 2024-02-29 05792113 2023-02-28 05792113 2022-02-28 05792113 2023-03-01 2024-02-29 05792113 2022-03-01 2023-02-28 05792113 uk-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 05792113 uk-curr:PoundSterling 2023-03-01 2024-02-29 05792113 uk-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 05792113 uk-bus:FullAccounts 2023-03-01 2024-02-29 05792113 uk-bus:Director1 2023-03-01 2024-02-29 05792113 uk-bus:CompanySecretaryDirector1 2023-03-01 2024-02-29 05792113 uk-bus:CompanySecretary1 2023-03-01 2024-02-29 05792113 uk-bus:RegisteredOffice 2023-03-01 2024-02-29 05792113 uk-bus:Agent1 2023-03-01 2024-02-29 05792113 uk-core:ShareCapital 2024-02-29 05792113 uk-core:ShareCapital 2023-02-28 05792113 uk-core:RetainedEarningsAccumulatedLosses 2024-02-29 05792113 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 05792113 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-02-29 05792113 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-02-28 05792113 uk-bus:FRS102 2023-03-01 2024-02-29 05792113 uk-bus:Audited 2023-03-01 2024-02-29 05792113 uk-core:CostValuation 2024-02-29 05792113 uk-core:Subsidiary1 2023-03-01 2024-02-29 05792113 uk-core:WithinOneYear 2024-02-29 05792113 uk-core:WithinOneYear 2023-02-28 05792113 uk-core:ParentEntities 2023-03-01 2024-02-29 05792113 uk-core:UltimateParent 2023-03-01 2024-02-29 05792113 2023-03-01 2024-02-29 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 05792113
 
 
Bradfind (Holdings) Limited
 
Financial Statements
 
for the financial year ended 29 February 2024



Bradfind (Holdings) Limited
DIRECTORS AND OTHER INFORMATION

 
Directors Liam Lahart
Elliot Hughes
 
 
Company Secretary Elliot Hughes
 
 
Company Registration Number 05792113
 
 
Registered Office and Business Address Porter House Company
21-22 Maiden Lane
Covent Garden
London
WC2E 7NA
 
 
Independent Auditors Quarter
Chartered Accountants and Statutory Auditor
St Anne's House
15 Church Street
Cathedral Quarter
Belfast
BT1 1PG



Bradfind (Holdings) Limited
Company Registration Number: 05792113
STATEMENT OF FINANCIAL POSITION
as at 29 February 2024

2024 2023
Notes £ £
 
Non-Current Assets
Financial assets 9 200 200
───────── ─────────
 
Payables: amounts falling due within one year 10 (320,410) (320,410)
───────── ─────────
Net Current Liabilities (320,410) (320,410)
───────── ─────────
Total Assets less Current Liabilities (320,210) (320,210)
═════════ ═════════
 
Equity
Called up share capital 1 1
Retained earnings (320,211) (320,211)
───────── ─────────
Equity attributable to owners of the company (320,210) (320,210)
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.
           
Approved by the Board and authorised for issue on 16 October 2024 and signed on its behalf by
           
           
           
________________________________          
Liam Lahart          
Director          
           



Bradfind (Holdings) Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 29 February 2024

   
1. General Information
 
Bradfind (Holdings) Limited, company registration number 05792113, is a private company limited by shares incorporated in the England. Porter House Company, 21-22 Maiden Lane, Covent Garden, London, WC2E 7NA is the registered office, which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 29 February 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Consolidated accounts
The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.
 
Financial assets
Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the year in which it is receivable.
 
Trade and other payables
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
   
3. Going concern
 
The company's balance sheet showed a deficiency of assets of £320,210 as at 29th February 2024. In the opinion of the directors, the market value of the investment on the balance sheet significantly exceeds cost (see Note 8.1).
   
4. Liability limitation agreement
 
The limitation of the firm's liability for this engagement, which is capped at five times the amount of professional fees actually paid, is referenced in the letter of engagement dated 4 April 2024. This was approved on 10 April 2024.
   
5. INFORMATION RELATING TO THE AUDITOR'S REPORT
 
The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.
 
The financial statements were audited by Quarter.
The Auditor's Report was signed by Gary McErlean (Senior Statutory Auditor) for and on behalf of Quarter on 16th October 2024.
 
   
6. Provisions Available for Audits of Small Entities
 
In common with many other businesses of our size and nature, we use our auditors to prepare and submit tax returns to His Majesty's Revenue and Customs and to assist with company structure and secretarial matters, and the preparation of the financial statements.
   
7. Critical Accounting Judgements and Estimates
 
(a) Critical Judgements in applying the company's accounting policies
There are no critical judgements in applying the company's accounting policies

(b) Key accounting estimates and assumptions
There are no key accounting estimates and assumptions in applying the company's accounting policies
       
8. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2023 - 2).
       
9. Financial fixed assets
  Group and Total
  participating  
  interests/  
  joint ventures  
Investments £ £
Cost
 
At 29 February 2024 200 200
  ───────── ─────────
Carrying amount
At 29 February 2024 200 200
  ═════════ ═════════
At 28 February 2023 200 200
  ═════════ ═════════
             
9.1. Holdings in related undertakings
The company holds 20% or more of the share capital of the following company:
 
  Country Nature   Details Proportion
  of of   of held by
Name incorporation and address of Registered Office business   investment company
 
Subsidiary undertaking
Bradfind Limited United Kingdom Licensed bar and restaurant   Ordinary Shares 66.67%
 
 
The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:
 
  Year ended Capital and     Profit for
    reserves     the year
    £     £
 
Bradfind Limited 29 February 2024 1,618,159     187,903
    ═════════     ═════════
 
In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above.
       
10. Payables 2024 2023
Amounts falling due within one year £ £
 
Amounts owed to group undertakings 320,410 -
Directors' current accounts - 160,205
Other creditors - 160,205
  ───────── ─────────
  320,410 320,410
  ═════════ ═════════
 
Bradfind (Holdings) Limited created a charge in favour of Permanent TSB Public Limited, covering debenture, a fixed charge and a floating charge covering all property or undertaking of the company
           
11. Related party transactions
 
Iskasinc Limited is a member of the same group as Bradfind (Holdings) Limited.
As at 28th February 2023 £nil amount was owed to Iskasinc Limited. During the financial year there was a net movement of £320,410 on this loan. As at 29th February 2024 Iskasinc Limited was owed £320,410 by Bradfind (Holdings) Limited.
The loan is interest-free and was used to settle amounts owed to directors (£160,205) and an other creditor (£160,205).
   
12. Parent and ultimate parent company
 
The company regards Iskasinc Limited as its parent company. Iskasinc Limited is a company registered in Ireland, company number 221317. The address of Iskasinc Limited is The Porterhouse Head Office, 47 Nassau Street, Dublin 2, Ireland.
 
The companys ultimate parent undertaking is Wavecrest Inns Limited, a company registered in Ireland. The company number of Wavecrest Inns Limited is 152276.
The address of Wavecrest Inns Limited is The Porterhouse Head Office, 47 Nassau Street Dublin 2, Ireland.