Bradfind (Holdings) Limited iXBRL

Company Registration Number: 05792113

Bradfind (Holdings) Limited

Financial Statements

for the financial year ended 28 February 2025

Bradfind (Holdings) Limited

DIRECTORS AND OTHER INFORMATION


Directors	Liam Lahart
	Elliot Hughes


Company Secretary	Elliot Hughes


Company Registration Number	05792113


Registered Office and Business Address	Porter House Company
	21-22 Maiden Lane
	Covent Garden
	London
	WC2E 7NA


Independent Auditors	Quarter
	Chartered Accountants and Statutory Auditor
	St Anne's House
	15 Church Street
	Cathedral Quarter
	Belfast
	BT1 1PG

Bradfind (Holdings) Limited

Company Registration Number: 05792113

STATEMENT OF FINANCIAL POSITION

as at 28 February 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Financial assets

200

200

─────────

Payables: amounts falling due within one year

(320,410)

(320,410)

─────────

Net Current Liabilities

(320,410)

(320,410)

─────────

Total Assets less Current Liabilities

(320,210)

(320,210)

═════════

Equity

Called up share capital

Retained earnings

(320,211)

(320,211)

─────────

Equity attributable to owners of the company

(320,210)

(320,210)

═════════

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 Income Statement and Directors' Report.

Approved by the Board and authorised for issue on 22 October 2025 and signed on its behalf by




________________________________
Liam Lahart
Director

Bradfind (Holdings) Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 28 February 2025

General Information

Bradfind (Holdings) Limited, company registration number 05792113, is a private company limited by shares incorporated in England. Porter House Company, 21-22 Maiden Lane, Covent Garden, London, WC2E 7NA is the registered office, which is also the principal place of business of the company. The nature of the company's operations and its principal activities are set out in the Directors' 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 year ended 28 February 2025 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.

Consolidated accounts

The company is entitled to the exemption in Section 399 of the Companies Act 2006 from the obligation to prepare group accounts.

Financial assets

Investments held as fixed assets are stated at cost less provision for any permanent diminution in value. Income from other investments together with any related tax credit is recognised in the Income Statement in the year in which it is receivable.

Trade and other payables

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 Statement of Financial Position 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 Statement of Financial Position 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 Income Statement.

Going concern

The company's balance sheet showed a deficiency of assets of £320,210 as at 28th February 2025. In the opinion of the directors, the market value of the investment on the balance sheet significantly exceeds cost (see Note 8.1).

Liability limitation agreement

The limitation of the firm's liability for this engagement, which is capped at five times the amount of professional fees actually paid, is referenced in the letter of engagement dated 2 September 2025. This was approved on 2 September 2025.

INFORMATION RELATING TO THE AUDITOR'S REPORT

The Audit Report was unqualified. There were no matters to which the auditor was required to refer by way of emphasis.

The financial statements were audited by Quarter.

The Auditor's Report was signed by Gary McErlean (Senior Statutory Auditor) for and on behalf of Quarter on 22nd October 2025.

Provisions Available for Audits of Small Entities

In common with many other businesses of our size and nature, we use our auditors to prepare and submit tax returns to His Majesty's Revenue and Customs and to assist with company structure and secretarial matters, and the preparation of the financial statements.

Critical Accounting Judgements and Estimates

(a) Critical Judgements in applying the company's accounting policies

There are no critical judgements in applying the company's accounting policies

(b) Key accounting estimates and assumptions

There are no key accounting estimates and assumptions in applying the company's accounting policies

Employees

The average monthly number of employees, including directors, during the financial year was 2, (2024 - 2).


9.	Financial fixed assets
		Group and	Total
		participating
		interests/
		joint ventures
	Investments	£	£
	Cost

	At 28 February 2025	200	200
		─────────	─────────
	Carrying amount
	At 28 February 2025	200	200
		═════════	═════════
	At 29 February 2024	200	200
		═════════	═════════

9.1.

Holdings in related undertakings

The company holds 20% or more of the share capital of the following company:

Country

Nature

Details

Proportion

held by

Name

incorporation and address of Registered Office

business

investment

company

Subsidiary undertaking

Bradfind Limited

United Kingdom

Licensed bar and restaurant

Ordinary Shares

66.67%

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Year ended

Capital and

Profit for

reserves

the year

Bradfind Limited

28 February 2025

1,780,463

162,303

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In the opinion of the directors, the value to the company of the unlisted investments is not less than the book amount shown above.

10.

Payables

2025

2024

Amounts falling due within one year

Amounts owed to group undertakings

320,410

320,410

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Bradfind (Holdings) Limited created a charge in favour of Permanent TSB Public Limited, covering debenture, a fixed charge and a floating charge covering all property or undertaking of the company

11.

Related party transactions

Iskasinc Limited is a member of the same group as Bradfind (Holdings) Limited.

As at 29th February 2024 £320,410 was owed to Iskasinc Limited. During the financial year there was no movement on this loan. As at 28th February 2025 Iskasinc Limited was owed £320,410 by Bradfind (Holdings) Limited.

This loan is interest free and repayable upon demand

12.

Parent and ultimate parent company

The company regards Iskasinc Limited as its parent company. Iskasinc Limited is a company registered in Ireland, company number 221317. The address of Iskasinc Limited is The Porterhouse Head Office, 47 Nassau Street, Dublin 2, Ireland.

The companys ultimate parent undertaking is Wavecrest Inns Limited, a company registered in Ireland. The company number of Wavecrest Inns Limited is 152276.

The address of Wavecrest Inns Limited is The Porterhouse Head Office, 47 Nassau Street Dublin 2, Ireland.