Company registration number 04375667 (England and Wales)
BRADLEYS ESTATE AND BLOCK MANAGEMENT LIMITED
(FORMERLY EATON-TERRY CLARK LIMITED)
FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
BRADLEYS ESTATE AND BLOCK MANAGEMENT LIMITED
(FORMERLY EATON-TERRY CLARK LIMITED)
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
BRADLEYS ESTATE AND BLOCK MANAGEMENT LIMITED
(FORMERLY EATON-TERRY CLARK LIMITED)
BALANCE SHEET
AS AT 31 DECEMBER 2024
31 December 2024
- 1 -
31 December 2024
31 March 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
2,003
2,236
Current assets
Debtors
6
67,068
15,016
Cash at bank and in hand
225,711
242,117
292,779
257,133
Creditors: amounts falling due within one year
7
(41,056)
(81,609)
Net current assets
251,723
175,524
Net assets
253,726
177,760
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
252,726
176,760
Total equity
253,726
177,760

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 September 2025 and are signed on its behalf by:
Mr B J W Bradley
Director
Company registration number 04375667 (England and Wales)
BRADLEYS ESTATE AND BLOCK MANAGEMENT LIMITED
(FORMERLY EATON-TERRY CLARK LIMITED)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Bradleys Estate and Block Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 7 Stevenstone Road, Exmouth, Devon, EX8 2EP.

The company changed its name from Eaton-Terry Clark Limited to Bradleys Estate and Block Management Limited on 1 May 2025.

1.1
Reporting period

The financial year end of the company was changed from 31 March to 31 December so as to be coterminous with the year end of its parent company. Accordingly, the current period figures in the financial statements (including the related notes) present results for the 9 month period from 1 April 2024 to 31 December 2024 and are therefore not entirely comparable with the prior year.

1.2
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Commissions earned from property lettings are recognised when the underlying service has been performed. Invoices are payable immediately when the rent or fee is collected from the tenant.

Commissions earned from block management are recognised over the period of time the underlying management service has been performed.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold land and buildings
Over the term of the leasehold
Plant and equipment
25% per annum on book value
Fixtures and fittings
25% per annum on book value
Motor vehicles
25% per annum on book value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

BRADLEYS ESTATE AND BLOCK MANAGEMENT LIMITED
(FORMERLY EATON-TERRY CLARK LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

1.7
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Exceptional item

On 31 May 2024 the company sold its holiday letting business for £60,000. This has been accounted for as a profit on disposal of an intangible asset within administrative expenses.

3
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2024
Number
Number
Total
9
10
4
Intangible fixed assets
Goodwill
£
Cost
At 1 April 2024 and 31 December 2024
265,057
Amortisation and impairment
At 1 April 2024 and 31 December 2024
265,057
Carrying amount
At 31 December 2024
-
0
At 31 March 2024
-
0
BRADLEYS ESTATE AND BLOCK MANAGEMENT LIMITED
(FORMERLY EATON-TERRY CLARK LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 4 -
5
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 April 2024
1,000
32,020
33,020
Disposals
-
0
(9,295)
(9,295)
At 31 December 2024
1,000
22,725
23,725
Depreciation and impairment
At 1 April 2024
-
0
30,784
30,784
Depreciation charged in the period
-
0
233
233
Eliminated in respect of disposals
-
0
(9,295)
(9,295)
At 31 December 2024
-
0
21,722
21,722
Carrying amount
At 31 December 2024
1,000
1,003
2,003
At 31 March 2024
1,000
1,236
2,236
6
Debtors
2024
2024
Amounts falling due within one year:
£
£
Trade debtors
13,776
15,016
Amounts owed by group undertakings
53,292
-
0
67,068
15,016
7
Creditors: amounts falling due within one year
2024
2024
£
£
Trade creditors
1,583
803
Corporation tax
26,151
12,415
Other taxation and social security
6,322
12,017
Other creditors
7,000
56,374
41,056
81,609
BRADLEYS ESTATE AND BLOCK MANAGEMENT LIMITED
(FORMERLY EATON-TERRY CLARK LIMITED)
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 DECEMBER 2024
- 5 -
8
Audit report information

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

Opinion

In our opinion the financial statements:

- give a true and fair view of the state of the company's affairs as at 31 December 2024 and of its profit for the period then ended;

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

- have been prepared in accordance with the requirements of the Companies Act 2006.

Senior Statutory Auditor:
Jonathan Williams BSc FCA CTA
Statutory Auditor:
Simpkins Edwards Audit LLP
Date of audit report:
17 September 2025
9
Parent company

The company's immediate parent company is Bradleys Group Limited, a company incorporated in England &

Wales.

The ultimate parent company is Bradleys Group (Holdings) Limited, a company incorporated in England &

Wales, whose registered office is 7 Stevenstone Road, Exmouth, England, EX8 2EP. The smallest group in

which the results of the company are consolidated is headed by that company

10
Client monies

As at 31 December 2024, monies held by the company in separate bank accounts on behalf of clients amounted to £967,136. Neither this amount, nor the matching liabilities to the related clients are included on the balance sheet.

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