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REGISTERED NUMBER: 10421344 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2025

FOR

BRAVO HOLDINGS LIMITED

BRAVO HOLDINGS LIMITED (REGISTERED NUMBER: 10421344)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BRAVO HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2025







DIRECTORS: D N Lock
K B Nelson
C J White





SECRETARY: B M Granger





REGISTERED OFFICE: Homes Support Centre
1 Lutterworth Road
Burbage
Hinckley
Leicestershire
LE10 2DJ





REGISTERED NUMBER: 10421344 (England and Wales)





INDEPENDENT AUDITORS: Armstrongs Accountancy Ltd
Chartered Accountants and Statutory Auditor
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

BRAVO HOLDINGS LIMITED (REGISTERED NUMBER: 10421344)

BALANCE SHEET
28 FEBRUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Investments 4 4,864,488 -
Investment property 5 3,900,000 4,520,000
8,764,488 4,520,000

CURRENT ASSETS
Debtors 6 85,000 4,145,079
Cash at bank 119,276 6,371
204,276 4,151,450
CREDITORS
Amounts falling due within one year 7 6,794,948 5,701,165
NET CURRENT LIABILITIES (6,590,672 ) (1,549,715 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,173,816

2,970,285

CREDITORS
Amounts falling due after more than one
year

8

(1,974,618

)

(2,146,324

)

PROVISIONS FOR LIABILITIES - (61,968 )
NET ASSETS 199,198 761,993

CAPITAL AND RESERVES
Called up share capital 11 304 152
Revaluation reserve 12 - 185,903
Retained earnings 12 198,894 575,938
SHAREHOLDERS' FUNDS 199,198 761,993

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 April 2025 and were signed on its behalf by:





C J White - Director


BRAVO HOLDINGS LIMITED (REGISTERED NUMBER: 10421344)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025

1. STATUTORY INFORMATION

Bravo Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

BRAVO HOLDINGS LIMITED (REGISTERED NUMBER: 10421344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method 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. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


BRAVO HOLDINGS LIMITED (REGISTERED NUMBER: 10421344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 4,864,488
At 28 February 2025 4,864,488
NET BOOK VALUE
At 28 February 2025 4,864,488

5. INVESTMENT PROPERTY

Investment property with a carrying amount of £3,900,000 were revalued in February 2023 and December 2024 by Colliers International, independent valuers not connected with the company, on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.

Fair value at 28 February 2025 is represented by:
£   
Valuation in 2023 247,870
Valuation in 2025 (620,000 )
Cost 4,272,130
3,900,000

BRAVO HOLDINGS LIMITED (REGISTERED NUMBER: 10421344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Amounts owed by group undertakings 85,000 4,145,079

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts (see note 9) 171,706 171,706
Amounts owed to group undertakings 6,622,151 5,528,422
Other creditors 1,091 1,037
6,794,948 5,701,165

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans (see note 9) 1,974,618 2,146,324

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,287,794 1,459,500

9. LOANS

An analysis of the maturity of loans is given below:

2025 2024
£    £   
Amounts falling due within one year or on demand:
Bank loans 171,706 171,706

Amounts falling due between one and two years:
Bank loans - 1-2 years 171,706 171,706

Amounts falling due between two and five years:
Bank loans - 2-5 years 515,118 515,118

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,287,794 1,459,500

BRAVO HOLDINGS LIMITED (REGISTERED NUMBER: 10421344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 2,146,324 2,318,030

Clydesdale Bank Plc holds fixed and floating charge dated 09 September 2020 which covers all the property or undertaking of the Company.

Clydesdale Bank Plc also holds a charge over the fixed asset investment of 152 shares in Bowood care home limited created on 23rd December 2024.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
200 Ordinary £1 200 100
104 A Ordinary £1 104 52
304 152

The following shares were issued during the year for cash at par :

100 Ordinary shares of £1
52 A Ordinary shares of £1

12. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 March 2024 575,938 185,903 761,841
Deficit for the year (562,946 ) (562,946 )
Revaluation 185,902 (185,903 ) (1 )
At 28 February 2025 198,894 - 198,894

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Auditors' Report was unqualified.

Muhammed Shabbir FCA, FCCA (Senior Statutory Auditor)
for and on behalf of Armstrongs Accountancy Ltd

BRAVO HOLDINGS LIMITED (REGISTERED NUMBER: 10421344)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2025

14. ULTIMATE CONTROLLING PARTY

The controlling party is Adept Care Homes Limited.

The ultimate controlling party is D N Lock.

The company is a subsidiary of Adept Care Homes Limited, a company registered in the United Kingdom.

A copy of the parent company's accounts financial statements can be obtained from its registered office which is situated at Homes Support Centre, 1 Lutterworth Road, Burbage, Hinckley, Leicester's, LE10 2DJ.