Bradshaw Assets Limited 31/03/2025 iXBRL

Company registration number: 10774100

Bradshaw Assets Limited

Unaudited filleted financial statements

31 March 2025

Bradshaw Assets Limited

Contents

Directors and other information

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Bradshaw Assets Limited

Directors and other information


	Directors	Mr Michael Andrews
		Mr Davinder Bedi
		Mr Nicholas Wilkinson


	Company number	10774100


	Registered office	Unit 4 Tallow Way
		Irlam
		Manchester
		M44 6RJ


	Business address	Unit 4 Tallow Way
		Irlam
		Manchester
		M44 6RJ


	Accountants	Bedi & Co
		Chartered Accountants
		14 Dunlin Rise
		Tytherington
		Macclesfield
		SK102SP




	Bankers	Virgin Money Bank
		48-50 Market Street
		Manchester M1 1PW

Bradshaw Assets Limited

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	4,747,698		4,747,698
Investments	6	1,000		1,000
		_______		_______
			4,748,698		4,748,698

Current assets
Debtors	7	2,289		-
Cash at bank and in hand		354,045		225,731
		_______		_______
		356,334		225,731
Creditors: amounts falling due
within one year	8	( 223,321)		( 175,607)
		_______		_______
Net current assets			133,013		50,124
			_______		_______
Total assets less current liabilities			4,881,711		4,798,822

Creditors: amounts falling due
after more than one year	9		( 2,865,768)		( 3,012,923)
			_______		_______
Net assets			2,015,943		1,785,899
			_______		_______

Capital and reserves
Called up share capital	10		1,100		1,100
Profit and loss account			2,014,843		1,784,799
			_______		_______
Shareholders funds			2,015,943		1,785,899
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 12 September 2025 , and are signed on behalf of the board by:

Mr Michael Andrews

Director

Company registration number: 10774100

Bradshaw Assets Limited

Statement of changes in equity

Year ended 31 March 2025

	Called up share capital	Profit and loss account	Total
	£	£	£


At 1 April 2023	1,100	1,390,278	1,391,378

Profit for the year		444,521	444,521
	_______	_______	_______
Total comprehensive income for the year	-	444,521	444,521

Dividends paid and payable		( 50,000)	( 50,000)
	_______	_______	_______
Total investments by and distributions to owners	-	( 50,000)	( 50,000)

	_______	_______	_______
At 31 March 2024 and 1 April 2024	1,100	1,784,799	1,785,899

Profit for the year		230,044	230,044
	_______	_______	_______
Total comprehensive income for the year	-	230,044	230,044

	_______	_______	_______
At 31 March 2025	1,100	2,014,843	2,015,943
	_______	_______	_______

Bradshaw Assets Limited

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in Englan& wales. The address of the registered office is Unit 4 Tallow Way, Irlam, Manchester, M44 6RJ.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is net rental income receivable,excluding value added tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

The freehold property is stated at cost less any impairment losses.

Depreciation

The freehold property is not depreciated but provision for any impairment losses are made.


Freehold property	-	0 %
Long leasehold property	-	0 %

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Fixed asset investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Tangible assets

	Freehold property	Long leasehold property	Total
	£	£	£
Cost
At 1 April 2024 and 31 March 2025	3,229,626	1,518,072	4,747,698
	_______	_______	_______
Carrying amount
At 31 March 2025	3,229,626	1,518,072	4,747,698
	_______	_______	_______
At 31 March 2024	3,229,626	1,518,072	4,747,698
	_______	_______	_______

In the opinion of the Directors the properties are valued as stated at cost.

6. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	1,000	1,000
	_______	_______
Impairment
At 1 April 2024 and 31 March 2025	-	-
	_______	_______
Carrying amount
At 31 March 2025	1,000	1,000
	_______	_______
At 31 March 2024	1,000	1,000
	_______	_______

7. Debtors

	2025	2024
	£	£
Other debtors	2,289	-
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	148,617	140,122
Corporation tax	45,209	16,373
Social security and other taxes	18,800	9,636
Other creditors	10,695	9,476
	_______	_______
	223,321	175,607
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	2,865,768	3,012,923
	_______	_______

Bank loans outstanding at the year end include instalments due more than 1 year and less than 5 of £2,601,442 (2024 £2.722,263). Amount due after more than five years amounts to £264,326 .(2024 £290,655) The bank loans are secured on the assets of the Company and by a debenture on the assets of the subsidiary company,John Bradshaw & Son Limited.There are four bank loans.The first was taken on 1 April 2021 for £300.000 at a fixed interest rate of 0.78% per annum over a margin of 3.25%, for 5 years,the final repayment date being 1 April 2026.The second loan was taken on 14 December 2022 for £425,000 at a fixed rate of 4.05% per annum plus the margin of 2.75%, the final repayment of the loan being 14 December 2027.The third loan was also taken on the 14 December 2022 for £425,000 at an interest rate of 2.75% over the bank base rate. the final repayment date being 14 December 2032.The fourth bank loan,which was taken on 15 February 2024 inrespect of the purchase of the warehouse in Manchester was for £2,100,000 at a fixed rate of 4.21% per annum over a margin of 2. 5%,the final repayment date being 15 February 2029.

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
Ordinary shares of £ 1.00 each	1,100	1,100	1,100	1,100
	_______	_______	_______	_______

11. Related party transactions

The company rents the properties to its subsidiary company,John Bradshaw & Son Limited. Rents receivable amounted to £376,000 (2024 £178,904 ) At the 31 March 2025 the company was due £0(2024 £0) from John Bradshaw & Son Limited.