Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30false2023-10-01false97truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00200080 2023-10-01 2024-09-30 00200080 2022-10-01 2023-09-30 00200080 2024-09-30 00200080 2023-09-30 00200080 2022-10-01 00200080 c:Director1 2023-10-01 2024-09-30 00200080 d:PlantMachinery 2023-10-01 2024-09-30 00200080 d:PlantMachinery 2024-09-30 00200080 d:PlantMachinery 2023-09-30 00200080 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00200080 d:MotorVehicles 2023-10-01 2024-09-30 00200080 d:MotorVehicles 2024-09-30 00200080 d:MotorVehicles 2023-09-30 00200080 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00200080 d:FurnitureFittings 2023-10-01 2024-09-30 00200080 d:FurnitureFittings 2024-09-30 00200080 d:FurnitureFittings 2023-09-30 00200080 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00200080 d:OfficeEquipment 2023-10-01 2024-09-30 00200080 d:OfficeEquipment 2024-09-30 00200080 d:OfficeEquipment 2023-09-30 00200080 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00200080 d:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 00200080 d:FreeholdInvestmentProperty 2024-09-30 00200080 d:FreeholdInvestmentProperty 2023-09-30 00200080 d:FreeholdInvestmentProperty 2 2023-10-01 2024-09-30 00200080 d:CurrentFinancialInstruments 2024-09-30 00200080 d:CurrentFinancialInstruments 2023-09-30 00200080 d:Non-currentFinancialInstruments 2024-09-30 00200080 d:Non-currentFinancialInstruments 2023-09-30 00200080 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 00200080 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 00200080 d:Non-currentFinancialInstruments d:AfterOneYear 2024-09-30 00200080 d:Non-currentFinancialInstruments d:AfterOneYear 2023-09-30 00200080 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-09-30 00200080 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-09-30 00200080 d:ShareCapital 2024-09-30 00200080 d:ShareCapital 2023-09-30 00200080 d:ShareCapital 2022-10-01 00200080 d:CapitalRedemptionReserve 2023-10-01 2024-09-30 00200080 d:CapitalRedemptionReserve 2024-09-30 00200080 d:CapitalRedemptionReserve 2022-10-01 2023-09-30 00200080 d:CapitalRedemptionReserve 2023-09-30 00200080 d:CapitalRedemptionReserve 2022-10-01 00200080 d:RevaluationReserve 2023-10-01 2024-09-30 00200080 d:RevaluationReserve 2024-09-30 00200080 d:RevaluationReserve 2022-10-01 2023-09-30 00200080 d:RevaluationReserve 2023-09-30 00200080 d:RevaluationReserve 2022-10-01 00200080 d:OtherMiscellaneousReserve 2023-10-01 2024-09-30 00200080 d:OtherMiscellaneousReserve 2024-09-30 00200080 d:OtherMiscellaneousReserve 2022-10-01 2023-09-30 00200080 d:OtherMiscellaneousReserve 2023-09-30 00200080 d:OtherMiscellaneousReserve 2022-10-01 00200080 d:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 00200080 d:RetainedEarningsAccumulatedLosses 2024-09-30 00200080 d:RetainedEarningsAccumulatedLosses 2022-10-01 2023-09-30 00200080 d:RetainedEarningsAccumulatedLosses 2023-09-30 00200080 d:RetainedEarningsAccumulatedLosses 2022-10-01 00200080 c:FRS102 2023-10-01 2024-09-30 00200080 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 00200080 c:FullAccounts 2023-10-01 2024-09-30 00200080 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 00200080 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-09-30 00200080 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-09-30 00200080 d:LeasedAssetsHeldAsLessee 2024-09-30 00200080 d:LeasedAssetsHeldAsLessee 2023-09-30 00200080 f:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 00200080










J. BRADBURN & COMPANY, LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
J. BRADBURN & COMPANY, LIMITED
REGISTERED NUMBER: 00200080

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
29,177
12,898

Investments
 5 
99
99

Investment property
 6 
6,465,000
5,965,705

  
6,494,276
5,978,702

Current assets
  

Debtors: amounts falling due within one year
 7 
48,693
44,262

Cash at bank and in hand
  
259,136
250,485

  
307,829
294,747

Creditors: amounts falling due within one year
 8 
(189,971)
(204,831)

Net current assets
  
 
 
117,858
 
 
89,916

Total assets less current liabilities
  
6,612,134
6,068,618

Creditors: amounts falling due after more than one year
 9 
(425,517)
(425,517)

Provisions for liabilities
  

Deferred tax
  
(170,118)
(109,044)

  
 
 
(170,118)
 
 
(109,044)

Net assets
  
6,016,499
5,534,057


Capital and reserves
  

Called up share capital 
  
20,431
20,431

Revaluation reserve
  
3,921,946
3,420,972

Capital redemption reserve
  
28,897
28,897

Other reserves
  
91,337
91,337

Profit and loss account
  
1,953,888
1,972,420

  
6,016,499
5,534,057

Page 1

 
J. BRADBURN & COMPANY, LIMITED
REGISTERED NUMBER: 00200080
    
BALANCE SHEET (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider 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 directors acknowledge their 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 comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 April 2025.




DAR Wood MRICS
Director

The notes on pages 4 to 10 form part of these financial statements.
Page 2
 

 
J. BRADBURN & COMPANY, LIMITED


 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024



Called up share capital
Capital redemption reserve
Revaluation reserve
Other reserves
Profit and loss account
Total equity


£
£
£
£
£
£



At 1 October 2022
20,431
28,897
3,461,856
91,337
2,001,236
5,603,757





Profit for the year
-
-
-
-
114,179
114,179


Dividends: Equity capital
-
-
-
-
(183,879)
(183,879)


Transfer to/from profit and loss account
-
-
(40,884)
-
40,884
-





At 1 October 2023
20,431
28,897
3,420,972
91,337
1,972,420
5,534,057





Profit for the year
-
-
-
-
656,106
656,106


Dividends: Equity capital
-
-
-
-
(173,664)
(173,664)


Transfer to/from profit and loss account
-
-
500,974
-
(500,974)
-



At 30 September 2024
20,431
28,897
3,921,946
91,337
1,953,888
6,016,499



The notes on pages 4 to 10 form part of these financial statements.
Page 3
 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

J. Bradburn & Company, Limited is a private company limited by shares incorporated in England and Wales, registration number 00200080. The registered office is Helister House, Riding Mill, Northumberland, NE44 6JB. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the Group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and Group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

These financial statements have been prepared on the basis that the company continues to be a going concern.  At the accounting reference date the Company had substantial net assets and cash resources.
The directors have not produced formal cash flow forecasts though informally they are of the opinion that the company will continue to enjoy cash surpluses for the foreseeable future. The company continues to trade profitably and to generate sufficient funds to meet its financing commitments as they fall due.

 
2.4

Revenue

Revenue, being rental income, 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, rent incentives and rebates, and value added tax.

 
2.5

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 4

 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.6

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.


 
2.7

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:

Plant and machinery
-
15%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Office equipment
-
15%
reducing balance

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.

Page 5

 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Investment property

Investment property is carried at fair value determined annually by directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments


The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 7).

Page 6

 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 October 2023
7,478
40,918
47,120
3,065
98,581


Additions
-
24,500
-
1,332
25,832


Disposals
-
(14,995)
-
(458)
(15,453)



At 30 September 2024

7,478
50,423
47,120
3,939
108,960



Depreciation


At 1 October 2023
5,979
33,242
45,919
543
85,683


Charge for the year on owned assets
257
3,839
201
368
4,665


Disposals
-
(10,426)
-
(139)
(10,565)



At 30 September 2024

6,236
26,655
46,120
772
79,783



Net book value



At 30 September 2024
1,242
23,768
1,000
3,167
29,177



At 30 September 2023
1,499
7,676
1,201
2,522
12,898

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Motor vehicles
-
3,060

-
3,060

Page 7

 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 October 2023
99



At 30 September 2024
99





6.


Investment property


Freehold investment property

£



Valuation


At 1 October 2023
5,965,705


Surplus on revaluation
499,295



At 30 September 2024
6,465,000

The 2024 valuations were made by Avison Young, RICS Registered Valuers on 1 September 2024 in accordance with the RICS Valuation - Global Standards effective from 31 January 2022 and RICS UK National Supplement, on an open market value for existing use basis.



At 30 September 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
2,855,254
2,855,254

Accumulated depreciation and impairments
(1,709,770)
(1,595,567)

1,145,484
1,259,687

Page 8

 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
42,281
20,327

Prepayments and accrued income
6,412
23,935

48,693
44,262



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
3,456
15,245

Corporation tax
65,086
48,755

Other taxation and social security
11,866
9,833

Obligations under finance lease and hire purchase contracts
-
430

Other creditors
51
50

Accruals and deferred income
109,512
130,518

189,971
204,831



9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
425,517
425,517

425,517
425,517


The following liabilities were secured:

2024
2023
£
£



Bank loans
425,517
425,517

425,517
425,517

Details of security provided:

The bank loans are secured by charges over certain freehold properties.

Page 9

 
J. BRADBURN & COMPANY, LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£



Amounts falling due 2-5 years

Bank loans
425,517
425,517


425,517
425,517



11.


Pension commitments

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost represents contributions payable by the company to the fund and amounted to £225 (2023 - £25,202). 


12.


Controlling party

The directors control the company as a result of their collective interest in the issued share capital of the company.  No one director has overall control. 

 
Page 10