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REGISTERED NUMBER: 12130058 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH APRIL 2024

FOR

101 BRADFORD STREET LIMITED

101 BRADFORD STREET LIMITED (REGISTERED NUMBER: 12130058)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30th April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


101 BRADFORD STREET LIMITED

COMPANY INFORMATION
For The Year Ended 30th April 2024







DIRECTORS: Mrs S Hodge
R M Hodge
G F Kitson
Ms R A Seedall





REGISTERED OFFICE: The Yard Suite 2.2
Gill Brdige Avenue
Sunderland
SR1 3AW





REGISTERED NUMBER: 12130058 (England and Wales)





ACCOUNTANTS: Stafford Accountancy
The Yard Suite 2.2
Gill Bridge Avenue
Sunderland
Tyne and Wear
SR1 3AW

101 BRADFORD STREET LIMITED (REGISTERED NUMBER: 12130058)

BALANCE SHEET
30th April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 475,000 475,000

CURRENT ASSETS
Debtors 5 8,024 7,149
Cash at bank 1,596 2,367
9,620 9,516
CREDITORS
Amounts falling due within one year 6 9,430 8,946
NET CURRENT ASSETS 190 570
TOTAL ASSETS LESS CURRENT
LIABILITIES

475,190

475,570

CREDITORS
Amounts falling due after more than one
year

7

(312,188

)

(320,688

)

PROVISIONS FOR LIABILITIES (35,565 ) (35,071 )
NET ASSETS 127,437 119,811

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 10 151,621 149,514
Retained earnings (25,184 ) (30,703 )
SHAREHOLDERS' FUNDS 127,437 119,811

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

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

101 BRADFORD STREET LIMITED (REGISTERED NUMBER: 12130058)

BALANCE SHEET - continued
30th 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 31st January 2025 and were signed on its behalf by:





R M Hodge - Director


101 BRADFORD STREET LIMITED (REGISTERED NUMBER: 12130058)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30th April 2024

1. STATUTORY INFORMATION

101 Bradford Street 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 (£).


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 tax, for the rental of rooms in a HMO property.

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 4 (2023 - 4 ) .

101 BRADFORD STREET LIMITED (REGISTERED NUMBER: 12130058)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30th April 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st May 2023 475,000
Disposals (2,601 )
Revaluations 2,601
At 30th April 2024 475,000
NET BOOK VALUE
At 30th April 2024 475,000
At 30th April 2023 475,000

Fair value at 30th April 2024 is represented by:
£   
Valuation in 2021 58,993
Valuation in 2023 125,000
Valuation in 2024 2,601
Cost 288,406
475,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,000 1,000
Amounts owed by associates 3,900 3,900
Other debtors 400 400
Prepayments 2,724 1,849
8,024 7,149

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,259 2,661
Amounts owed to group undertakings 2,129 2,129
Directors' current accounts 3,784 3,160
Accrued expenses 258 996
9,430 8,946

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Loans 312,188 320,688

101 BRADFORD STREET LIMITED (REGISTERED NUMBER: 12130058)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30th April 2024

8. SECURED DEBTS

The loan is secured on the property to which it relates.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
500 A Ordinary shares £1 500 500
500 B Ordinary shares £1 500 500
1,000 1,000

10. RESERVES
Fair
value
reserve
£   
At 1st May 2023 149,514
Deferred tax on revaluation (494 )
Fair value adjustment 2,601

At 30th April 2024 151,621

11. OTHER FINANCIAL COMMITMENTS

Other financial commitments as at 30 April 2024 amounted to £NIL (2023: £1,042).