REGISTERED NUMBER: 02720406 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2024

for

Bradcode Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A D Sangani

SECRETARY:

D D Sangani

REGISTERED OFFICE:

Westbury House

23-25 Bridge Street

Pinner

Middlesex

HA5 3HR

REGISTERED NUMBER:

02720406 (England and Wales)

FIXED ASSETS

Tangible assets

5

2,208

22,304

CURRENT ASSETS

Debtors

6

1,349,322

958,436

Cash at bank

4,496

4,502

1,353,818

962,938

CREDITORS

Amounts falling due within one year

7

1,677,100

1,368,456

NET CURRENT LIABILITIES

(323,282

)

(405,518

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(321,074

)

(383,214

)

PROVISIONS FOR LIABILITIES

552

5,576

NET LIABILITIES

(321,626

)

(388,790

)

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

(322,626

)

(389,790

)

SHAREHOLDERS' FUNDS

(321,626

)

(388,790

)

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 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 September 2025 and were signed by:

A D Sangani - Director

1.	STATUTORY INFORMATION

Bradcode 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.

Turnover

Turnover represents net value of commissions & charges in respect of property management services provided during the period. Turnover is measured at the fair value of the consideration receivable net of any discounts and value added tax.

Tangible fixed assets

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

Fixtures, fittings & equipment

-

25% on reducing balance

Motor vehicles

-

25% on cost

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans with banks and with related parties.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Income statement.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 the Income statement in the period to which they relate.

Going concern

The company meets its day-to-day working capital requirements through careful management of its working capital positions. After making enquiries, the Director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures,

fittings

Motor

& equipment

vehicles

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

25,315

77,439

102,754

DEPRECIATION

At 1 January 2024

22,371

58,079

80,450

Charge for year

736

19,360

20,096

At 31 December 2024

23,107

77,439

100,546

NET BOOK VALUE

At 31 December 2024

2,208

-

2,208

At 31 December 2023

2,944

19,360

22,304

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade debtors

386,000

-

Other debtors

963,322

958,436

1,349,322

958,436

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/12/24

31/12/23

£

£

Trade creditors

1,079

2,927

Amounts owed to group undertakings

758,688

758,688

Amounts owed to related undertakings

843,302

476,228

Taxation and social security

68,798

125,626

Other creditors

5,233

4,987

1,677,100

1,368,456

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/12/24

31/12/23

value:

£

£

1,000

Ordinary shares

£1

1,000

1,000

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2024 and 31 December 2023:

31/12/24

31/12/23

£

£

A D Sangani

Balance outstanding at start of year

206,577

76,591

Amounts advanced

170,409

129,986

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

376,986

206,577

The above balance was interest free and was repayable on demand.