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REGISTERED NUMBER: 02026927 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Bradtower Limited

Bradtower Limited (Registered number: 02026927)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Bradtower Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P A Alexander
P F Connolly





REGISTERED OFFICE: Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG





REGISTERED NUMBER: 02026927 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
Freedman House
Christopher Wren Yard
117 High Street
Croydon
Surrey
CR0 1QG

Bradtower Limited (Registered number: 02026927)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,529,979 2,517,652

CURRENT ASSETS
Debtors 6 3,252,595 3,217,969
Cash at bank 20,039 254,108
3,272,634 3,472,077
CREDITORS
Amounts falling due within one year 7 1,450,226 2,704,338
NET CURRENT ASSETS 1,822,408 767,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,352,387

3,285,391

CREDITORS
Amounts falling due after more than one
year

8

(19,369

)

-

PROVISIONS FOR LIABILITIES (20,744 ) (32,749 )
NET ASSETS 4,312,274 3,252,642

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,312,272 3,252,640
SHAREHOLDERS' FUNDS 4,312,274 3,252,642

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Bradtower Limited (Registered number: 02026927)

Balance Sheet - continued
31 March 2024


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 May 2025 and were signed on its behalf by:





P F Connolly - Director


Bradtower Limited (Registered number: 02026927)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Bradtower 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold land and buildings - 2% on cost or valuation
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Depreciation for plant and machinery is also provided at a rate to write off the cost less estimated residual value of each asset over its estimated useful life, the directors undertake a review of each asset's residual value at the end of each financial year.

No depreciation is provided on freehold land.

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.

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.

Bradtower Limited (Registered number: 02026927)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. TANGIBLE FIXED ASSETS
Freehold Cherished
land and Plant and number Motor
buildings machinery plates vehicles Totals
£    £    £    £    £   
COST
At 1 April 2023 2,681,517 3,361,200 40,382 68,600 6,151,699
Additions - - - 115,990 115,990
Disposals - - - (45,000 ) (45,000 )
At 31 March 2024 2,681,517 3,361,200 40,382 139,590 6,222,689
DEPRECIATION
At 1 April 2023 519,628 3,065,365 - 49,054 3,634,047
Charge for year 34,434 44,375 - 9,508 88,317
Eliminated on disposal - - - (29,654 ) (29,654 )
At 31 March 2024 554,062 3,109,740 - 28,908 3,692,710
NET BOOK VALUE
At 31 March 2024 2,127,455 251,460 40,382 110,682 2,529,979
At 31 March 2023 2,161,889 295,835 40,382 19,546 2,517,652

Included in tangible fixed assets is freehold land of £959,844 which is not depreciated.

Bradtower Limited (Registered number: 02026927)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 115,990
At 31 March 2024 115,990
DEPRECIATION
Charge for year 8,458
At 31 March 2024 8,458
NET BOOK VALUE
At 31 March 2024 107,532

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Amounts owed by group undertakings 7,939 3,600
Other debtors 3,244,656 3,214,369
3,252,595 3,217,969

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 38,228 -
Trade creditors 4,275 76
Amounts owed to group undertakings 83,008 2,071,307
Taxation 40,092 17,974
Other creditors 1,284,623 614,981
1,450,226 2,704,338

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Hire purchase contracts 19,369 -