Silverfin false false 31/07/2024 01/08/2023 31/07/2024 The Honourable A M R Kelly 09/02/2017 13 March 2025 no description of principal activity 10280007 2024-07-31 10280007 bus:Director1 2024-07-31 10280007 2023-07-31 10280007 core:CurrentFinancialInstruments 2024-07-31 10280007 core:CurrentFinancialInstruments 2023-07-31 10280007 core:ShareCapital 2024-07-31 10280007 core:ShareCapital 2023-07-31 10280007 core:SharePremium 2024-07-31 10280007 core:SharePremium 2023-07-31 10280007 core:RetainedEarningsAccumulatedLosses 2024-07-31 10280007 core:RetainedEarningsAccumulatedLosses 2023-07-31 10280007 core:CostValuation 2023-07-31 10280007 core:AdditionsToInvestments 2024-07-31 10280007 core:DisposalsRepaymentsInvestments 2024-07-31 10280007 core:RevaluationsIncreaseDecreaseInInvestments 2024-07-31 10280007 core:CostValuation 2024-07-31 10280007 2023-08-01 2024-07-31 10280007 bus:FilletedAccounts 2023-08-01 2024-07-31 10280007 bus:SmallEntities 2023-08-01 2024-07-31 10280007 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 10280007 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 10280007 bus:Director1 2023-08-01 2024-07-31 10280007 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure

Company No: 10280007 (England and Wales)

BRADBOURNE ASSETS LIMITED

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

BRADBOURNE ASSETS LIMITED

Unaudited Financial Statements

For the financial year ended 31 July 2024

Contents

BRADBOURNE ASSETS LIMITED

COMPANY INFORMATION

For the financial year ended 31 July 2024
BRADBOURNE ASSETS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 July 2024
DIRECTOR The Honourable A M R Kelly
REGISTERED OFFICE Evelyn Partners Llp 14th Floor
103 Colmore Row
Birmingham
B3 3AG
United Kingdom
COMPANY NUMBER 10280007 (England and Wales)
ACCOUNTANT Evelyn Partners LLP
4th Floor Cumberland House
15-17 Cumberland Place
Southampton
Hampshire
SO15 2BG
BRADBOURNE ASSETS LIMITED

BALANCE SHEET

As at 31 July 2024
BRADBOURNE ASSETS LIMITED

BALANCE SHEET (continued)

As at 31 July 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Investments 4 6,030,942 5,879,347
6,030,942 5,879,347
Current assets
Debtors 5 1 226
Cash at bank and in hand 590,836 137,301
590,837 137,527
Creditors: amounts falling due within one year 6 ( 8,732) ( 9,986)
Net current assets 582,105 127,541
Total assets less current liabilities 6,613,047 6,006,888
Net assets 6,613,047 6,006,888
Capital and reserves
Called-up share capital 3 3
Share premium account 4,635,898 4,635,898
Profit and loss account 1,977,146 1,370,987
Total shareholders' funds 6,613,047 6,006,888

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

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Bradbourne Assets Limited (registered number: 10280007) were approved and authorised for issue by the Director on 13 March 2025. They were signed on its behalf by:

The Honourable A M R Kelly
Director
BRADBOURNE ASSETS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 2024
BRADBOURNE ASSETS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 July 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

Bradbourne Assets 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 Evelyn Partners Llp 14th Floor, 103 Colmore Row, Birmingham, B3 3AG, 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 ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Bradbourne Assets Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The financial statements have been prepared on a going concern basis.

The director has made an assessment in preparing these financial statements as to whether the Company is a going concern and have concluded that there are no material uncertainties that may cast significant doubt on the Company's ability to continue as a going concern for a period of at least 12 months from the date of approval of these financial statements.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Financial instruments

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

Investments in listed company shares are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period.

Investments in unlisted company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in profit or loss for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Trade and other debtors and creditors are classified as basic financial instruments and measured on initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the Company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank, short-term bank deposits with an original maturity of three months or less and bank overdrafts which are an integral part of the Company’s cash management.

Financial liabilities and equity instruments issued by the Company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities. Equity instruments issued by the Company are recorded at the proceeds received, net of direct issue costs.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

2. Prior year adjustment

The comparative figures on the Statement of Income and Retained Earnings and Balance Sheet have been restated.

Creditors: amounts falling due within one year, have been restated so as to reflect the correct value as at 31 July 2023, with the corresponding entry reflected in the Profit or Loss.

As previously reported Adjustment As restated
Year ended 31 July 2023 £ £ £
Corporation Tax Liability 0 (1,628) (1,628)
Corporation Tax Charge 0 1,628 1,628

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

4. Fixed asset investments

Listed investments Other investments Total
£ £ £
Cost or valuation before impairment
At 01 August 2023 1,220,267 4,659,080 5,879,347
Additions 0 193,472 193,472
Disposals 0 ( 193,472) ( 193,472)
Movement in fair value 151,595 0 151,595
At 31 July 2024 1,371,862 4,659,080 6,030,942
Carrying value at 31 July 2024 1,371,862 4,659,080 6,030,942
Carrying value at 31 July 2023 1,220,267 4,659,080 5,879,347

During the year, on 22 August 2023, Howard De Walden Estates Holdings Limited (HDW), created a bonus issue, in which Bradbourne Assets Limited received 15,453 redeemable 'B'shares at par value of £12.52. On the same day, HDW redeemed 100% of the 'B'shares at par. For Bradbourne Assets Limited, the subsequent redemption at par, totalled £193,471.56, which has been recognised as a credit to the Statement of Income and Retained Earnings.

5. Debtors

2024 2023
£ £
Other debtors 1 226

6. Creditors: amounts falling due within one year

2024 2023
£ £
Accruals 8,732 8,358
Taxation and social security 0 1,628
8,732 9,986

7. Ultimate controlling party

The directors do not consider there to be an ultimate controlling party.