Bradbury Residential Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10942063 (England and Wales)

Bradbury Residential Management Limited

Unaudited Financial Statements

for the Year Ended 29 September 2020

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A Bradbury

REGISTERED OFFICE:

Unit 1 West Links Tollgate Business Park

Chandlers Ford

Hampshire

SO53 3TG

REGISTERED NUMBER:

10942063 (England and Wales)

FIXED ASSETS

Investment property

4

350,000

350,000

CURRENT ASSETS

Cash at bank

3,075

4,466

CREDITORS

Amounts falling due within one year

5

(99,099

)

(98,811

)

NET CURRENT LIABILITIES

(96,024

)

(94,345

)

TOTAL ASSETS LESS CURRENT LIABILITIES

253,976

255,655

CREDITORS

Amounts falling due after more than one year

6

(196,070

)

(196,070

)

PROVISIONS FOR LIABILITIES

(11,358

)

(11,358

)

NET ASSETS

46,548

48,227

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

46,448

48,127

46,548

48,227

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 September 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 September 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 June 2021 and were signed by:

A Bradbury - Director

1.	STATUTORY INFORMATION

Bradbury Residential Management 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.

NON ADJUSTING EVENT AFTER THE BALANCE SHEET DATE

Since the year end, the Coronavirus (COVID-19) has emerged globally resulting in a significant impact on businesses worldwide. The directors are unable to evaluate the overall financial impact on the business at present. Hence the financial statements do not include any adjustments that might result from the outcome of this uncertainty. The directors are continuing to monitor, assess and act to the current changing environment in order to position the company to ensure its future success.

INVESTMENT PROPERTY

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss Account, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 30 September 2019

and 29 September 2020

350,000

NET BOOK VALUE

At 29 September 2020

350,000

At 29 September 2019

350,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Trade creditors

780

-

Amounts owed to group undertakings

52,154

55,537

Directors' current accounts

42,974

40,450

Accruals and deferred income

1,495

1,495

Accrued expenses

1,696

1,329

99,099

98,811

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Bank loans more 5 yr by instal

196,070

196,070

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

196,070

196,070

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, A J Bradbury introduced a loan to the company. As at 29 September 2020, the company owed him £42,974. This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

8.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Bradbury.

This was by virtue of his 100% holding of the issued share capital.