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Registration number: 03610839

Bradbury Investments Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 29 June 2024

 

Bradbury Investments Limited

Contents

Balance Sheet

1 to 2

Statement of Changes in Equity

3

Notes to the Unaudited Financial Statements

4 to 9

 

Bradbury Investments Limited

Balance Sheet

as at 29 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,307

8,268

Investment property

5

6,500,000

9,694,347

Investments

6

500,284

500,284

 

7,003,591

10,202,899

Current assets

 

Debtors

7

704,685

481,381

Cash at bank and in hand

 

76,512

109,672

 

781,197

591,053

Creditors: Amounts falling due within one year

8

(4,683,728)

(1,425,407)

Net current liabilities

 

(3,902,531)

(834,354)

Total assets less current liabilities

 

3,101,060

9,368,545

Creditors: Amounts falling due after more than one year

8

(15,000)

(3,303,816)

Provisions for liabilities

9

(407,228)

(400,125)

Net assets

 

2,678,832

5,664,604

Capital and reserves

 

Allotted, called up and fully paid share capital

1,536

1,536

Share premium reserve

641,704

641,704

Profit and loss account

2,035,592

5,021,364

Shareholders' funds

 

2,678,832

5,664,604

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:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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 director on 26 March 2025
 

.........................................
Mr M Akhtar
Director

 

Bradbury Investments Limited

Statement of Changes in Equity

for the Year Ended 29 June 2024

Share capital
£

Share premium
£

Profit and loss account
£

Total
£

At 30 June 2023

1,536

641,704

5,021,364

5,664,604

Loss for the year

-

-

(2,985,772)

(2,985,772)

Total comprehensive income

-

-

(2,985,772)

(2,985,772)

 

-

-

(2,985,772)

(2,985,772)

At 29 June 2024

1,536

641,704

2,035,592

2,678,832

Share capital
£

Share premium
£

Non-distributable reserve
£

Profit and loss account
£

Total
£

At 30 June 2022

1,536

641,704

369,103

4,770,500

5,782,843

Profit for the year

-

-

-

250,864

250,864

Other comprehensive income

-

-

(369,103)

-

(369,103)

Total comprehensive income

-

-

(369,103)

250,864

(118,239)

 

-

-

(369,103)

250,864

(118,239)

At 29 June 2023

1,536

641,704

-

5,021,364

5,664,604


 

 

Bradbury Investments Limited

Notes to the Unaudited Financial Statements

for the Year Ended 29 June 2024

1

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:
MNS Textiles Dyers Building
Unit 1 George Street
Milnsbridge
Huddersfield
West Yorkshire
HD3 4JD

2

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

The company is part of a small group. The company has taken advantage of the exemption provided in Section 399 (2A) of the Companies Act 2006 and has not prepared group accounts.

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

Investment properties are carried at open market value which is considered to be 'fair value'. Movements on the fair value are recognised through the profit and loss account.

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year was 4 (2023 - 4).

 

Bradbury Investments Limited

Notes to the Unaudited Financial Statements

for the Year Ended 29 June 2024 (continued)

4

Tangible assets

Additions to leasehold property
£

Total
£

Cost

At 30 June 2023

24,578

24,578

At 29 June 2024

24,578

24,578

Depreciation

At 30 June 2023

16,310

16,310

Charge for the year

4,961

4,961

At 29 June 2024

21,271

21,271

Net book value

At 29 June 2024

3,307

3,307

At 29 June 2023

8,268

8,268

 

Bradbury Investments Limited

Notes to the Unaudited Financial Statements

for the Year Ended 29 June 2024 (continued)

5

Investment properties

2024
£

At 30 June 2023

9,694,347

Fair value adjustments

(3,194,347)

At 29 June 2024

6,500,000

The directors are of the opinion that investment properties are held at fair value.

Fair value has been determined by an independent valuer.

6

Investments

2024
£

2023
£

Investment in subsidiary

500,284

500,284

7

Debtors

Current

2024
£

2023
£

Trade debtors

28,042

4,306

Amounts owed by parent company

637,541

435,845

Prepayments and accrued income

39,102

41,230

 

704,685

481,381

 

Bradbury Investments Limited

Notes to the Unaudited Financial Statements

for the Year Ended 29 June 2024 (continued)

8

Creditors

2024
£

2023
£

Due within one year

Bank loan

3,241,457

312,117

Trade creditors

23,610

43,314

Taxation and social security

87,658

78,247

Amounts due to group undertaking

1,017,240

677,813

Accruals and deferred income

246,356

232,252

Corporation tax

67,407

81,664

4,683,728

1,425,407

Due after one year

Bank loan

15,000

3,303,816


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)

10

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 £195,340 (2023 - £258,529).

11

Parent and ultimate parent undertaking

The company's immediate parent is MNS Property Holdings Limited, incorporated in England.