REGISTERED NUMBER: 06786866 (England and Wales)

BROADHEAD PEEL RHODES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M R Andrews

G P Gruppetta

M J Garrity

M Fenton

REGISTERED OFFICE:

Glenewes House

Gate Way Drive

Yeadon

Leeds

West Yorkshire

LS19 7XY

REGISTERED NUMBER:

06786866 (England and Wales)

BANKERS:

HSBC Bank Plc

PO Box 105

33 Park Row

Leeds

West Yorkshire

LS1 1LD

FIXED ASSETS

Intangible assets

4

283,333

333,333

Tangible assets

5

34,590

42,659

Investments

6

1,003

1,003

318,926

376,995

CURRENT ASSETS

Debtors

7

1,185,847

972,042

Cash at bank and in hand

2,740

7,394

1,188,587

979,436

CREDITORS

Amounts falling due within one year

8

535,613

498,909

NET CURRENT ASSETS

652,974

480,527

TOTAL ASSETS LESS CURRENT LIABILITIES

971,900

857,522

CREDITORS

Amounts falling due after more than one year

9

(16,458

)

(24,499

)

PROVISIONS FOR LIABILITIES

(5,200

)

(7,550

)

NET ASSETS

950,242

825,473

CAPITAL AND RESERVES

Called up share capital

130,000

130,000

Retained earnings

820,242

695,473

SHAREHOLDERS' FUNDS

950,242

825,473

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 21 October 2025 and were signed on its behalf by:

M R Andrews - Director

1.	STATUTORY INFORMATION

Broadhead Peel Rhodes 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.

Presentational currency

The financial statements are presented in pounds sterling rounded to the nearest pound.

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 wholly owned subsidiaries within the group.

Turnover

Turnover is recognised in the accounts when the company obtains the right to consideration in exchange for performance and is stated at the net invoice value, excluding value added tax.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Goodwill of £1,000,000 arising on the acquisition of a business in 2010 is being amortised over its estimated useful life of 20 years.

Goodwill of £513,499 arising on the acquisition of a business in 2013 was amortised over its estimated useful life of 4 years.

Tangible fixed assets

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

Improvements to property

-

10% on cost

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

25% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial assets and liabilities are initially measured at transaction price, except for those financial assets classified as at fair value through profit or loss.

Basic financial instruments

Basic financial instruments are those with relatively straight forward terms and would normally include cash, bank balances, trade debtors, trade creditors and uncomplicated bank loans.

Where the arrangement does not constitute a financing transaction, e.g. trade debtors on normal commercial terms, the debtor will be valued initially at transaction price (i.e. cost) and subsequently at transaction price less impairment (if any) due to concerns over recoverability.

Where the arrangement does constitute a financing transaction, e.g. debt with basic terms, the initial measurement is of amortised cost using the effective interest method. In subsequent years the debt instrument is measured at amortised cost less impairment.

Impairment

At the end of each reporting period where there is objective evidence of impairment of any financial asset held at cost or amortised cost then this impairment is recognised immediately in profit or loss.

Other financial instruments

The company does not have any financial instruments that would not be classed as 'basic'.

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.

Hire purchase and leasing commitments

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 33 (2024 - 33 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

1,513,499

AMORTISATION

At 1 February 2024

1,180,166

Charge for year

50,000

At 31 January 2025

1,230,166

NET BOOK VALUE

At 31 January 2025

283,333

At 31 January 2024

333,333

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2024

111,048

Additions

6,412

Disposals

(5,041

)

At 31 January 2025

112,419

DEPRECIATION

At 1 February 2024

68,389

Charge for year

13,119

Eliminated on disposal

(3,679

)

At 31 January 2025

77,829

NET BOOK VALUE

At 31 January 2025

34,590

At 31 January 2024

42,659

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 February 2024

and 31 January 2025

1,003

NET BOOK VALUE

At 31 January 2025

1,003

At 31 January 2024

1,003

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

470,980

510,360

Amounts owed by group undertakings

636,507

404,000

Other debtors

78,360

57,682

1,185,847

972,042

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

58,538

9,321

Trade creditors

63,212

42,703

Amounts owed to group undertakings

58,247

79,760

Taxation and social security

238,175

249,621

Other creditors

117,441

117,504

535,613

498,909

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

16,458

24,499

10.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

40,264

40,455

Between one and five years

79,684

119,949

119,948

160,404

11.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank overdrafts

58,538

9,321

The bank overdraft is secured by fixed and floating charges over the assets of the company.

12.	RELATED PARTY DISCLOSURES

The company's parent company is BPR Holdings Limited, a company incorporated in England.