Bradgate Time-Share Limited iXBRL

Bradgate Time-Share Limited

Unaudited Financial Statements

for the financial year ended 31 March 2026

Bradgate Time-Share Limited

Company Registration Number: 01641871

BALANCE SHEET

as at 31 March 2026

		2026	2025
	Notes	£	£

Fixed Assets

Tangible assets

540,000

150,000

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Current Assets

Debtors

92,400

92,400

Cash at bank and in hand

134

546

─────────

92,534

92,946

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Creditors: amounts falling due within one year

(64,377)

(55,666)

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Net Current Assets

28,157

37,280

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Total Assets less Current Liabilities

568,157

187,280

Creditors:

amounts falling due after more than one year

(41,992)

(44,062)

Provisions for liabilities

(97,500)

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Net Assets

428,665

143,218

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Capital and Reserves

Called up share capital

100

100

Other reserves

442,500

150,000

Retained earnings

(13,935)

(6,882)

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Shareholders' Funds

428,665

143,218

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.

For the financial year ended 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Director and authorised for issue on 22 September 2026



________________________________
Mr A Crook
Director

Bradgate Time-Share Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 31 March 2026

General Information

Bradgate Time-Share Limited is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 01641871The registered office of the company is Church House, Cocknage Road, Rough Close, Stoke-On-Trent, Staffordshre, ST3 7NN, United Kingdom . The nature of the company's operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial year ended 31 March 2026 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Turnover

Turnover comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.

Investment properties

Investment property is property held either to earn rental income, or for capital appreciation (including future re-development) or for both, but not for sale in the ordinary course of business. Investment property is initially measured at cost, which includes the purchase cost and any directly attributable expenditure. Investment property is subsequently valued at its fair value at each reporting date, by professional external valuers. The difference between the fair value of an investment property at the reporting date and its carrying value prior to the valuation is recognised in the Profit and Loss Account as a fair value gain or loss. Any gain or loss on disposal of an investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in the Profit and Loss Account.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Borrowing costs

Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.

Financial Instruments

Classification

The Company only enters into basic financial instrument 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 related parties and investments in ordinary shares.

Recognition and measurement

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Impairment

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 Statement of comprehensive income.

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. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current 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 best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet 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.

Going concern

The financial statements have been prepared on a going concern basis. In making this assessment, the directors have considered the company's current financial position and have concluded the company remains a going concern.

Employees

The average monthly number of employees, including director, during the financial year was 1, (2025 - 1).


5.	Tangible assets
		Investment	Total
		properties

		£	£
	Cost or Valuation
	At 1 April 2025	150,000	150,000
	Revaluation	390,000	390,000
		─────────	─────────
	At 31 March 2026	540,000	540,000
		─────────	─────────
	Depreciation
	At 1 April 2025	-	-
		─────────	─────────
	At 31 March 2026	-	-
		─────────	─────────
	Net book value
	At 31 March 2026	540,000	540,000
		═════════	═════════
	At 31 March 2025	150,000	150,000
		═════════	═════════

5.1.

Tangible assets continued

The property was valued by the directors at the balance sheet date on an open market value.


6.	Debtors	2026	2025
		£	£

	Amounts owed by related parties	92,400	92,400
		═════════	═════════


7.	Creditors	2026	2025
	Amounts falling due within one year	£	£

	Bank loan	4,399	3,900
	Amounts owed to group undertakings	52,304	36,896
	Director's current account	6,061	13,790
	Accruals	1,613	1,080
		─────────	─────────
		64,377	55,666
		═════════	═════════


8.	Creditors	2026	2025
	Amounts falling due after more than one year	£	£

	Bank loan	41,992	44,062
		═════════	═════════

	Loans
	Repayable in one year or less, or on demand (Note 7)	4,399	3,900
	Repayable between one and two years	4,725	4,212
	Repayable between two and five years	16,126	14,505
	Repayable in five years or more	21,141	25,345
		─────────	─────────
		46,391	47,962
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2026

2025

At financial year start

Charged to profit and loss

97,500

97,500

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At financial year end

97,500

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10.

Related party transactions

The company has availed of the exemption under FRS 102 Section 1A in relation to the disclosure of transactions with group undertakings.

11.

Parent company

The company is a wholly owned subsidiary of Main Event (Staffordshire) Ltd, a company incorporated in England and Wales. The registered office address is Church house, Cocknage road, Rough close, Stoke on Trent, ST3 7NN


12.	Share Capital

	Allotted, called up and fully paid shares

		2026	2025
		£	£

	Ordinary share £1 each	100	100
		═════════	═════════