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Registration number: 04585551

Broadacre Management Company Limited

Unaudited Financial Statements

for the Year Ended 31 December 2022

 

Broadacre Management Company Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

Broadacre Management Company Limited

(Registration number: 04585551)
Balance Sheet as at 31 December 2022

Note

2022
£

2021
£

Current assets

 

Debtors

4

1,362

428

Cash at bank and in hand

 

19,931

23,204

 

21,293

23,632

Creditors: Amounts falling due within one year

5

(1,957)

(1,754)

Net assets

 

19,336

21,878

Capital and reserves

 

Called up share capital

20

20

Reserve fund

17,826

-

Income and expenditure reserve

1,490

21,858

Shareholders' funds

 

19,336

21,878

For the financial year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 26 September 2023 and signed on its behalf by:
 

.........................................
Mr P J Barnett
Director

 

Broadacre Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Barn 1 Unit 2a
Somerford Business Court
Congleton
Cheshire
CW12 4SN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared under the historical cost convention in accordance with 'The
Financial Reporting Standard 102 Section 1A- ' The Financial Reporting Standard applicable in the UK and
Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

This company is responsible for the management of Broadacre Management Company development and collects service charges from the lessees in order to fund expenditure incurred in the management of the properties.

These financial statements are prepared in Sterling, which is the functional currency of the company. All monetary amounts are rounded to the nearest £.

Revenue recognition

Turnover comprises of the service charges raised to the lessees to fund expenditure incurred in the management of the properties during the year.

Tax

The tax expense for the period comprises current tax.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2021 - 3).

 

Broadacre Management Company Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2022

4

Debtors

Current

2022
£

2021
£

Trade debtors

1,362

428

5

Creditors

Creditors: amounts falling due within one year

2022
£

2021
£

Due within one year

Trade creditors

1,228

1,753

Other creditors

729

1

1,957

1,754