Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Fixed assets | ||||
| Investments | 3 |
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| 700,060 | 700,060 | |||
| Current assets | ||||
| Debtors | 4 |
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| Cash at bank and in hand |
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| 4,387 | 4,404 | |||
| Creditors: amounts falling due within one year | 5 | (
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| Net current liabilities | (609,405) | (601,314) | ||
| Total assets less current liabilities | 90,655 | 98,746 | ||
| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 6 |
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| Share premium account |
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| Capital redemption reserve |
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| Profit and loss account |
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| Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Bradshaw Investments Limited (registered number:
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R B Hefford
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Bradshaw Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 2 - 6 Boundary Row, London, SE1 8HP, United Kingdom.
The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
At 31 March 2025 the company had net current liabilities amounting to £609,405 and net assets of £90,655. Majority shareholders have undertaken to provide such financial support as is required to ensure that the company is able to meet its liabilities for the foreseeable future. Accordingly, the directors continue to adopt the going concern basis in preparing the financial statements.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
The company has granted share options to certain employees of its subsidiary undertakings. When a parent company grants options to subscribe for its ordinary shares to employees of its subsidiaries and such share based compensation is accounted for as equity settled, FRS102 requires the parent to record an increase in its investment in the subsidiary, with a corresponding increase recognised in equity.
The equity-settled share based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black-Scholes option pricing model. The fair value determined at the grant date is accounted for on a straight-line basis over the vesting period, based on the estimate of shares that will eventually vest.
When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.
Cancellations or settlements (including those resulting from employee redundancies) are treated as an acceleration of vesting and the amount that would have been recognised over the remaining vesting period is recognised immediately.
The interest in the subsidiary is initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investment is assessed for impairment at each reporting date and any impairment loss or reversal of impairment loss is recognised immediately in the income statement.
A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.
The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.
Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings/Statement of Comprehensive Income.
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.
Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally 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.
Equity instruments
Equity instruments issued by the company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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| Number | Number | ||
| Monthly average number of persons employed by the company during the year, including directors |
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Investments in subsidiaries
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| At 31 March 2025 |
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| Carrying value at 31 March 2025 |
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| Carrying value at 31 March 2024 |
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| Other debtors |
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| Amounts owed to own subsidiaries |
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| Other creditors |
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| 190 | 190 |
The company has taken advantage of the exemption available in accordance with Section 33.1A of Financial Reporting Standard 102 whereby it has not disclosed transactions with any wholly owned subsidiary undertaking.
The company owed £20,490 (2024 - £19,513) to G J Allen at the year end. The rate of interest on the loan is 5% per annum and the loan is repayable on demand.
The company owed £33,263 (2023 - £31,679) to Vertex Solutions International Limited at the year end. M A Beard is a director and shareholder of Vertex Solutions International Limited. The rate of interest on the loan is 5% and the loan is repayable on demand.
In the 2023 financial year end, 13,533 Ordinary D share options were granted to one employee, with a weighted average exercise price of £4.40. These share options have been valued using the Black-Scholes valuation model. The options outstanding have a remaining contractual life of 7 years. These options may only be exercised on takeover or exit event of the company, or earlier at the discretion of the directors. The directors are of the opinion that these conditions could not have been met at 31 March 2025. Accordingly, there is no share-based payment charge in respect of the above options.
During the year 6,000 Ordinary D share options were granted to three employees, with a weighted average exercise price of £3.36. These share options have been valued using the Black-Scholes valuation model. The options outstanding have a remaining contractual life of 9 years. These options may only be exercised on takeover or exit event of the company, or earlier at the discretion of the directors. The directors are of the opinion that these conditions could not have been met at 31 March 2025. Accordingly, there is no share-based payment charge in respect of the above options.