Caseware UK (AP4) 2024.0.164 2024.0.164 18falsetruetruefalse2023-05-01No description of principal activity16The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04744471 2023-05-01 2024-04-30 04744471 2022-05-01 2023-04-30 04744471 2024-04-30 04744471 2023-04-30 04744471 c:Director1 2023-05-01 2024-04-30 04744471 d:MotorVehicles 2023-05-01 2024-04-30 04744471 d:MotorVehicles 2024-04-30 04744471 d:MotorVehicles 2023-04-30 04744471 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04744471 d:FurnitureFittings 2023-05-01 2024-04-30 04744471 d:FurnitureFittings 2024-04-30 04744471 d:FurnitureFittings 2023-04-30 04744471 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04744471 d:OfficeEquipment 2023-05-01 2024-04-30 04744471 d:OfficeEquipment 2024-04-30 04744471 d:OfficeEquipment 2023-04-30 04744471 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04744471 d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 04744471 d:Goodwill 2023-05-01 2024-04-30 04744471 d:Goodwill 2024-04-30 04744471 d:Goodwill 2023-04-30 04744471 d:CurrentFinancialInstruments 2024-04-30 04744471 d:CurrentFinancialInstruments 2023-04-30 04744471 d:Non-currentFinancialInstruments 2024-04-30 04744471 d:Non-currentFinancialInstruments 2023-04-30 04744471 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 04744471 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 04744471 d:Non-currentFinancialInstruments d:AfterOneYear 2024-04-30 04744471 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 04744471 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-04-30 04744471 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-04-30 04744471 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-04-30 04744471 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-04-30 04744471 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-04-30 04744471 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 04744471 d:ShareCapital 2024-04-30 04744471 d:ShareCapital 2023-04-30 04744471 d:RetainedEarningsAccumulatedLosses 2024-04-30 04744471 d:RetainedEarningsAccumulatedLosses 2023-04-30 04744471 c:OrdinaryShareClass1 2023-05-01 2024-04-30 04744471 c:OrdinaryShareClass1 2024-04-30 04744471 c:OrdinaryShareClass1 2023-04-30 04744471 c:FRS102 2023-05-01 2024-04-30 04744471 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04744471 c:FullAccounts 2023-05-01 2024-04-30 04744471 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04744471 2 2023-05-01 2024-04-30 04744471 d:Goodwill d:OwnedIntangibleAssets 2023-05-01 2024-04-30 04744471 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04744471










Bradstowe Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 30 April 2024

 
Bradstowe Limited
 
  
Chartered Accountants' Report to the Director on the preparation of the Unaudited Statutory Financial Statements of Bradstowe Limited for the Year Ended 30 April 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Bradstowe Limited for the year ended 30 April 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the director of Bradstowe Limited in accordance with the terms of our engagement letter dated 17 July 2023Our work has been undertaken solely to prepare for your approval the financial statements of Bradstowe Limited and state those matters that we have agreed to state to the director of Bradstowe Limited in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Bradstowe Limited and its director for our work or for this report. 

It is your duty to ensure that Bradstowe Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Bradstowe Limited. You consider that Bradstowe Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Bradstowe Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
31 March 2025
Page 1

 
Bradstowe Limited
Registered number: 04744471

Balance Sheet
As at 30 April 2024

2024
2023
Note
£
£

Fixed assets
  

Intangible assets
 4 
30,000
65,000

Tangible assets
 5 
7,576
9,012

  
37,576
74,012

Current assets
  

Debtors: amounts falling due after more than one year
 6 
211,650
196,772

Debtors: amounts falling due within one year
 6 
81,683
29,350

Cash at bank and in hand
  
5,361
21,431

  
298,694
247,553

Creditors: amounts falling due within one year
 7 
(171,332)
(92,062)

Net current assets
  
 
 
127,362
 
 
155,491

Total assets less current liabilities
  
164,938
229,503

Creditors: amounts falling due after more than one year
 8 
(102,122)
(128,922)

Provisions for liabilities
  

Deferred tax
  
(1,894)
(2,253)

Net assets
  
60,922
98,328


Capital and reserves
  

Called up share capital 
 10 
100
100

Profit and loss account
  
60,822
98,228

  
60,922
98,328


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.
 
Page 2

 
Bradstowe Limited
Registered number: 04744471

Balance Sheet (continued)
As at 30 April 2024


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 



J Parkin
Director
Date: 31 March 2025

The notes on pages 4 to 12 form part of these financial statements.

Page 3

 
Bradstowe Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

1.


General information

Bradstowe Limited is a private company, limited by shares, domiciled in England and Wales, registration number 4744471. The registered office is 133 High Street, Broadstairs, Kent, CT10 1NG. This is also the place of business, with a second office situated at 4, Sinclair House, Hastings Street, Bloomsbury, London, WC1H 9PZ. The company's principal activity is that of operating as a Chartered Surveyor, including a residential letting agency.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The company's functional and presentational currency is Pounds Sterling.
The company's financial statements are presented to the nearest £.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
Bradstowe Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

2.Accounting policies (continued)

 
2.3

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Motor vehicles
-
25%
Fixtures & fittings
-
20%
Office equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Page 5

 
Bradstowe Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.10

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 at an annual general meeting.

 
2.11

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 6

 
Bradstowe Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

2.Accounting policies (continued)

 
2.14

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.15

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.16

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average monthly number of employees, including directors, during the year was 16 (2023 - 18).

Page 7

 
Bradstowe Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

4.


Intangible assets




Goodwill

£



Cost


At 1 May 2023
291,117



At 30 April 2024

291,117



Amortisation


At 1 May 2023
226,117


Charge for the year on owned assets
35,000



At 30 April 2024

261,117



Net book value



At 30 April 2024
30,000



At 30 April 2023
65,000


The individual intangible assets which are material to the financial statements are goodwill in respect of the purchase of Cockett Henderson - cost £60,000, which is fully amortised, the purchase of T Painter cost £60,000, which has 2 years remaining of amortisation, and the purchase of KS Property Rentals for £171,117, which has 1 years amortisation remaining.


Page 8

 
Bradstowe Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

5.


Tangible fixed assets





Motor vehicles
Fixtures & fittings
Office equipment
Total

£
£
£
£



Cost


At 1 May 2023
3,372
2,759
23,293
29,424


Additions
-
458
-
458



At 30 April 2024

3,372
3,217
23,293
29,882



Depreciation


At 1 May 2023
3,361
2,715
14,336
20,412


Charge for the year on owned assets
3
100
1,791
1,894



At 30 April 2024

3,364
2,815
16,127
22,306



Net book value



At 30 April 2024
8
402
7,166
7,576



At 30 April 2023
11
44
8,957
9,012

Page 9

 
Bradstowe Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

6.


Debtors

2024
2023
£
£

Due after more than one year

Other debtors
211,650
196,772


2024
2023
£
£

Due within one year

Trade debtors
22,765
18,388

Other debtors
52,511
2,400

Prepayments and accrued income
6,407
8,562

81,683
29,350



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
23,856
5,324

Bank loans
27,017
25,974

Trade creditors
3,337
3,333

Corporation tax
20,800
22,091

Other taxation and social security
45,281
28,775

Other creditors
1,360
74

Accruals and deferred income
49,681
6,491

171,332
92,062


Page 10

 
Bradstowe Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
102,122
128,922


The following liabilities were secured:

2024
2023
£
£



Bank loans
106,701
122,508

Details of security provided:

The bank loan is secured by a debenture including a fixed equitable charge over leasehold and freehold property and a fixed and floating charge over other company assets. 


9.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
27,017
25,974

Amounts falling due 1-2 years

Bank loans
28,055
27,017

Amounts falling due 2-5 years

Bank loans
59,225
67,337

Amounts falling due after more than 5 years

Bank loans
14,842
34,568

129,139
154,896


Secured loans
There are two bank loans totalling £129,139 (2023 - £154,896). The first loan is repayable over 10 years. Interest is charged at 3.5% over base rate. The second loan is repayable over 5 years, with interest charged at a rate of 2.5%. 

Page 11

 
Bradstowe Limited
 

 
Notes to the Financial Statements
For the Year Ended 30 April 2024

10.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100



11.


Controlling party

The controlling party is J Parkin, the director, who owns the majority of issued share capital.


Page 12