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REGISTERED NUMBER: 09914908 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BRADES FINANCIAL MANAGEMENT LIMITED

BRADES FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 09914908)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BRADES FINANCIAL MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr A W Holder
Mr M Holder





REGISTERED OFFICE: York House
23 Kingsway
Holborn
London
WC2B 6UJ





REGISTERED NUMBER: 09914908 (England and Wales)





ACCOUNTANTS: Bayar Hughes & Co
Chartered Certified Accountants
4 Green Lane Business Park
238 Green lane
New Eltham
London
SE9 3TL

BRADES FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 09914908)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 588,425 842,965
Tangible assets 5 1,878 2,009
590,303 844,974

CURRENT ASSETS
Debtors 6 11,957 88,945
Cash at bank 200,304 29,326
212,261 118,271
CREDITORS
Amounts falling due within one year 7 348,983 430,719
NET CURRENT LIABILITIES (136,722 ) (312,448 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

453,581

532,526

CREDITORS
Amounts falling due after more than one
year

8

420,503

532,088
NET ASSETS 33,078 438

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 32,978 338
SHAREHOLDERS' FUNDS 33,078 438

BRADES FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 09914908)

BALANCE SHEET - continued
31 DECEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 24 April 2025 and were signed on its behalf by:





Mr A W Holder - Director


BRADES FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 09914908)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1. STATUTORY INFORMATION

Brades Financial Management 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.

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.

Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of businesses, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

BRADES FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 09914908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024 1,184,038
Disposals (226,893 )
At 31 December 2024 957,145
AMORTISATION
At 1 January 2024 341,073
Charge for year 95,715
Eliminated on disposal (68,068 )
At 31 December 2024 368,720
NET BOOK VALUE
At 31 December 2024 588,425
At 31 December 2023 842,965

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2024 11,177
Additions 495
At 31 December 2024 11,672
DEPRECIATION
At 1 January 2024 9,168
Charge for year 626
At 31 December 2024 9,794
NET BOOK VALUE
At 31 December 2024 1,878
At 31 December 2023 2,009

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,257 88,258
Other debtors 700 687
11,957 88,945

BRADES FINANCIAL MANAGEMENT LIMITED (REGISTERED NUMBER: 09914908)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 225 999
Taxation and social security 144,087 125,762
Other creditors 204,671 303,958
348,983 430,719

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 420,503 532,088