Steve Brady Developments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 05289322 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Steve Brady Developments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S C Brady

SECRETARY:

Mrs D I Booth

REGISTERED OFFICE:

c/o ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

REGISTERED NUMBER:

05289322 (England and Wales)

ACCOUNTANTS:

ABC Accounting Services

1 Willoughton Place

Wharton Close

Gainsborough

Lincolnshire

DN21 1EB

FIXED ASSETS

Tangible assets

4

7,561

8,989

Investment property

5

345,000

352,561

353,989

CURRENT ASSETS

Debtors

6

152,343

146,520

Cash at bank

7,408

5,878

159,751

152,398

CREDITORS

Amounts falling due within one year

7

130,273

121,581

NET CURRENT ASSETS

29,478

30,817

TOTAL ASSETS LESS CURRENT
LIABILITIES

382,039

384,806

PROVISIONS FOR LIABILITIES

10,450

NET ASSETS

371,589

374,356

CAPITAL AND RESERVES

Called up share capital

1

Retained earnings

371,588

374,355

SHAREHOLDERS' FUNDS

371,589

374,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 17 September 2025 and were signed by:

S C Brady - Director

1.	STATUTORY INFORMATION

Steve Brady Developments 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents received and sales of investment property.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Investment properties

Investment property is held at fair value. Gains are recognised in the P&L account. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

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.

Full provision has been made on the gains arising from the fair value review of the investment property.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

leasehold

machinery

fittings

Totals

£

COST

At 1 April 2024

and 31 March 2025

7,720

9,557

1,482

18,759

DEPRECIATION

At 1 April 2024

1,544

7,693

533

9,770

Charge for year

772

466

190

1,428

At 31 March 2025

2,316

8,159

723

11,198

NET BOOK VALUE

At 31 March 2025

5,404

1,398

759

7,561

At 31 March 2024

6,176

1,864

949

8,989

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

345,000

NET BOOK VALUE

At 31 March 2025

345,000

At 31 March 2024

345,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

345,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other debtors

152,343

146,157

VAT

-

363

152,343

146,520

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

Other loans

10,000

Tax

1,187

388

VAT

910

-

Directors' current accounts

117,376

110,392

Accrued expenses

800

801

130,273

121,581

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £6,400 (2024 - £6,750) were paid to the director .

Mr S Brady is also the proprietor of Bridge Street Cars. At the balance sheet date the company was owed £152,343 by Bridge Street Cars ( 2024 - £146,157).

9.	ULTIMATE CONTROLLING PARTY

The controlling party is S C Brady.