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Company No: 10561301 (England and Wales)

BRADBURY WARD HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

BRADBURY WARD HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

BRADBURY WARD HOLDINGS LIMITED

BALANCE SHEET

As at 31 March 2024
BRADBURY WARD HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investments 3 3,972,620 3,972,620
3,972,620 3,972,620
Current assets
Debtors 4 0 153,148
0 153,148
Creditors: amounts falling due within one year 5 ( 83,383) ( 183,951)
Net current liabilities (83,383) (30,803)
Total assets less current liabilities 3,889,237 3,941,817
Creditors: amounts falling due after more than one year 6 ( 2,449,995) ( 2,599,995)
Net assets 1,439,242 1,341,822
Capital and reserves
Called-up share capital 7 200 200
Capital redemption reserve 195,500 195,500
Profit and loss account 1,243,542 1,146,122
Total shareholders' funds 1,439,242 1,341,822

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Bradbury Ward Holdings Limited (registered number: 10561301) were approved and authorised for issue by the Board of Directors on 17 February 2025. They were signed on its behalf by:

Mr J W Ward
Director
BRADBURY WARD HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
BRADBURY WARD HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Bradbury Ward Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Sigma House Oak View Close, Edginswell Park, Torquay, TQ2 7FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 3,972,620
At 31 March 2024 3,972,620
Carrying value at 31 March 2024 3,972,620
Carrying value at 31 March 2023 3,972,620

Investments in shares

Name of entity Registered office Principal activity Class of
shares
Ownership
31.03.2024
Ownership
31.03.2023
Bradbury Ward Limited Sigma House, Torquay, TQ2 7FF retail of household furniture ordinary 100.00% 100.00%
Bankbond Limited Unit 2, Howard Avenue, EX32 8QA retail of household furniture ordinary 100.00% 100.00%
Reclaim Nation Limited 122 St Georges Road, BS1 5UJ eco-friendly retail ordinary 100.00% 100.00%

4. Debtors

2024 2023
£ £
Amounts owed by Group undertakings 0 153,148

5. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to Group undertakings 21,501 10,548
Other taxation and social security 2,284 3,114
Other creditors 59,598 170,289
83,383 183,951

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 2,449,995 2,599,995

There are no amounts included above in respect of which any security has been given by the small entity.

The redeemable preference shares carry a cumulative preferential dividend entitlement of 2% per annum.

The loan notes are redeemable at the company's discretion, with interest of 2% per annum accruing until repayment.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 'A' Ordinary shares of £ 1.00 each 100 100
100 'B' Ordinary shares of £ 1.00 each 100 100
200 200
1,999,995 Redeemable preference shares of £ 1.00 each 1,999,995 1,999,995
2,000,195 2,000,195

8. Financial commitments

Commitments

2024 2023
£ £
Total future minimum lease payments under non-cancellable operating lease 702,917 787,917