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Company Registration No. 00216287 (England and Wales)
Broadway Estate Limited Unaudited accounts for the year ended 31 March 2023
Broadway Estate Limited Unaudited accounts Contents
Page
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Broadway Estate Limited Company Information for the year ended 31 March 2023
Directors
Stephen David Cryer Jean Salthouse
Secretary
Janet Elizabeth Rogers
Company Number
00216287 (England and Wales)
Registered Office
Meadow View Causeway Weymouth Dorset DT4 9RY England
Accountants
Oakes Accounting Ltd 37 Meadowcroft Heswall Wirral CH60 1UT
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Broadway Estate Limited Accountants' report
Accountants' report to the board of directors of Broadway Estate Limited (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Oakes Accounting Ltd 37 Meadowcroft Heswall Wirral CH60 1UT 28 June 2023
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Broadway Estate Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
27,819 
27,819 
Debtors
12,591 
6,200 
Cash at bank and in hand
16,976 
42,174 
57,386 
76,193 
Creditors: amounts falling due within one year
(1,374)
(11,082)
Net current assets
56,012 
65,111 
Total assets less current liabilities
56,012 
65,111 
Provisions for liabilities
Other provisions
(14,482)
(11,491)
Net assets
41,530 
53,620 
Capital and reserves
Called up share capital
15,510 
15,510 
Profit and loss account
26,020 
38,110 
Shareholders' funds
41,530 
53,620 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 June 2023 and were signed on its behalf by
Stephen David Cryer Director Company Registration No. 00216287
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Broadway Estate Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Broadway Estate Limited is a private company, limited by shares, registered in England and Wales, registration number 00216287. The registered office is Meadow View, Causeway, Weymouth, Dorset, DT4 9RY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Deferred taxation
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 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.
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.
Principal Activity
The principal activity of the company in the year under review was that of property management.
4
Inventories
2023 
2022 
£ 
£ 
Raw materials
27,819 
27,819 
27,819 
27,819 
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Broadway Estate Limited Notes to the Accounts for the year ended 31 March 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
12,591 
6,200 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Trade creditors
1,374 
9,039 
Taxes and social security
- 
2,043 
1,374 
11,082 
7
Provisions for liabilities
£ 
At 1 April 2022
11,491 
Additional provisions made during the period
2,991 
At 31 March 2023
14,482 
Energy Performance Certificate upgrade provision
8
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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