REGISTERED NUMBER: 06018111 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

BRAD ABRAHAMS LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

B J Abrahams

S H Abrahams

SECRETARY:

S H Abrahams

REGISTERED OFFICE:

11 Laura Place

Bath

BA2 4BL

REGISTERED NUMBER:

06018111 (England and Wales)

ACCOUNTANTS:

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Brad Abrahams Limited for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Brad Abrahams Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Brad Abrahams Limited and state those matters that we have agreed to state to the Board of Directors of Brad Abrahams Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Brad Abrahams Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Brad Abrahams Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Brad Abrahams Limited. You consider that Brad Abrahams Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Brad Abrahams Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Richardson Swift

Chartered Accountants

11 Laura Place

Bath

BA2 4BL

25 September 2025

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

95,002

106,003

Investments

6

394,772

852,152

489,774

958,155

CURRENT ASSETS

Stocks

91,798

96,545

Debtors

7

867,821

66,828

Cash at bank and in hand

57,354

328,356

1,016,973

491,729

CREDITORS

Amounts falling due within one year

8

206,826

188,595

NET CURRENT ASSETS

810,147

303,134

TOTAL ASSETS LESS CURRENT LIABILITIES

1,299,921

1,261,289

CREDITORS

Amounts falling due after more than one year

9

(12,500

)

(22,500

)

PROVISIONS FOR LIABILITIES

11

(31,263

)

(35,485

)

NET ASSETS

1,256,158

1,203,304

CAPITAL AND RESERVES

Called up share capital

12

100

100

Retained earnings

1,256,058

1,203,204

SHAREHOLDERS' FUNDS

1,256,158

1,203,304

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 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.

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 25 September 2025 and were signed on its behalf by:

B J Abrahams - Director

1.	STATUTORY INFORMATION

Brad Abrahams 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.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with the parent company within the group.

Turnover

Turnover represents net sales of goods and services, excluding value added tax. Turnover is recognised when the service is rendered or the goods are sold.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2006, has been amortised evenly over its estimated useful life.

Tangible fixed assets

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

Equipment

-

20% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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, loans from banks and other third 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 profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

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 profit or loss in the period to which they relate.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Where a lease has a rent free period, the rental expense is spread over the lifetime of the lease.

Investments

Investments in shares and other similar financial assets held for investment are held at fair value, with gains and losses taken to the profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

226,000

AMORTISATION

At 1 January 2024

and 31 December 2024

226,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

-

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

Equipment

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

97,558

46,916

82,893

17,403

244,770

Additions

9,788

3,171

-

3,564

16,523

At 31 December 2024

107,346

50,087

82,893

20,967

261,293

DEPRECIATION

At 1 January 2024

69,726

27,744

26,217

15,080

138,767

Charge for year

7,524

3,352

14,169

2,479

27,524

At 31 December 2024

77,250

31,096

40,386

17,559

166,291

NET BOOK VALUE

At 31 December 2024

30,096

18,991

42,507

3,408

95,002

At 31 December 2023

27,832

19,172

56,676

2,323

106,003

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2024

852,152

Additions

116,326

Disposals

(583,739

)

Revaluations

10,033

At 31 December 2024

394,772

NET BOOK VALUE

At 31 December 2024

394,772

At 31 December 2023

852,152

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

29,341

45,832

Other debtors

838,480

20,996

867,821

66,828

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

10,000

10,000

Trade creditors

4,086

5,074

Amounts owed to group undertakings

75,749

-

Taxation and social security

90,557

80,940

Other creditors

26,434

92,581

206,826

188,595

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

12,500

22,500

The bank loan relates to a government supported bounce back loan.

10.	LEASING AGREEMENTS

At the balance sheet date the company had total outstanding lease commitments of £361,463 (2023: £402,002) payable over the next 10 years.

11.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

31,263

35,485

Deferred

tax

£

Balance at 1 January 2024

35,485

Accelerated capital allowances

(2,750

)

Revaluation of investments

(1,472

)

Balance at 31 December 2024

31,263

At the balance sheet date the deferred tax provision relates to:

- £23,750 on accelerated capital allowances

- £7,513 on investment revaluations

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

13.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the directors owed the Company £827,801 (2023: the company owed the director £63,098). During the year £1,051,606 was advanced (2023: £64,955 ) and £160,707 was repaid (2023: £77,415).

14.	PARENT COMPANY

The parent company is Hams Holdings Ltd.

15.	CRITICAL ACCOUNTING ESTIMATES AND UNCERTAINTIES

No significant judgements or key assumptions have had to be made by the directors in preparing these financial statements.