Registration number:
Bradbury Investments Limited
for the
Year Ended 29 June 2024
Bradbury Investments Limited
Contents
Balance Sheet |
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Statement of Changes in Equity |
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Notes to the Unaudited Financial Statements |
Bradbury Investments Limited
Balance Sheet
as at 29 June 2024
Note |
2024 |
2023 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Allotted, called up and fully paid share capital |
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Share premium reserve |
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Profit and loss account |
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Shareholders' funds |
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Registration number: 03610839
Bradbury Investments Limited
Balance Sheet
as at 29 June 2024 (continued)
For the financial year ending 29 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Bradbury Investments Limited
Statement of Changes in Equity
for the
Year Ended 29 June 2024
Share capital |
Share premium |
Profit and loss account |
Total |
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At 30 June 2023 |
1,536 |
641,704 |
5,021,364 |
5,664,604 |
Loss for the year |
- |
- |
( |
( |
Total comprehensive income |
- |
- |
( |
( |
- |
- |
(2,985,772) |
(2,985,772) |
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At 29 June 2024 |
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Share capital |
Share premium |
Non-distributable reserve |
Profit and loss account |
Total |
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At 30 June 2022 |
1,536 |
641,704 |
369,103 |
4,770,500 |
5,782,843 |
Profit for the year |
- |
- |
- |
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Other comprehensive income |
- |
- |
( |
- |
( |
Total comprehensive income |
- |
- |
( |
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( |
- |
- |
(369,103) |
250,864 |
(118,239) |
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At 29 June 2023 |
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- |
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Bradbury Investments Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 29 June 2024
General information |
The company is a private company limited by shares incorporated in England within the United Kingdom.
The company's registration number is 03610839.
The address of its registered office is:
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Group accounts not prepared
Revenue recognition
Turnover comprises the fair value of rental income from the company's properties and the provision of associated services. Turnover is shown net of value added tax, rebates and discounts.
Bradbury Investments Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 29 June 2024
(continued)
2 |
Accounting policies (continued) |
Tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted at the balance sheet date.
Tangible assets
Tangible assets are stated on the balance sheet at cost (or deemed cost), less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Additions to leasehold property |
straight line over the life of the lease |
Investments
Investments in subsidiaries are recognised at cost less impairment.
Leases
Rentals in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Staff numbers |
The average number of persons employed by the company (including the director) during the year was
Bradbury Investments Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 29 June 2024
(continued)
Tangible assets |
Additions to leasehold property |
Total |
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Cost |
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At 30 June 2023 |
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At 29 June 2024 |
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Depreciation |
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At 30 June 2023 |
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Charge for the year |
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At 29 June 2024 |
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Net book value |
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At 29 June 2024 |
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At 29 June 2023 |
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Bradbury Investments Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 29 June 2024
(continued)
Investment properties |
2024 |
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At 30 June 2023 |
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Fair value adjustments |
( |
At 29 June 2024 |
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The directors are of the opinion that investment properties are held at fair value.
Fair value has been determined by an independent valuer.
Investments |
2024 |
2023 |
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Investment in subsidiary |
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Debtors |
Current |
2024 |
2023 |
Trade debtors |
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Amounts owed by parent company |
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Prepayments and accrued income |
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Bradbury Investments Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 29 June 2024
(continued)
Creditors |
2024 |
2023 |
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Due within one year |
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Bank loan |
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Trade creditors |
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Taxation and social security |
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Amounts due to group undertaking |
1,017,240 |
677,813 |
Accruals and deferred income |
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Corporation tax |
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Due after one year |
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Bank loan |
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Creditors include bank loans which are secured of £3,241,457 (2023 - £312,117).
Creditors: amounts falling due after more than one year
Creditors include bank loans which are secured of £15,000 (2023 - £3,303,816).
9 Provisions for liabilities
The provision in the accounts reflects the maximum potential liability arising from accelerated capital allowances and the potential tax on chargeable gains in the event that the company's properties were disposed of at the valuation in the accounts. This liability is dependent upon the amount apportioned to the expenditure upon which capital allowances have been claimed. If the amount so apportioned were equal to the tax written down value of that expenditure, the liabilities in respect of accelerated capital allowances and on the chargeable gains on the properties would be nil.
Bradbury Investments Limited
Notes to the Unaudited Financial Statements
for the
Year Ended 29 June 2024
(continued)
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
Parent and ultimate parent undertaking |
The company's immediate parent is