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REGISTERED NUMBER: 00775616 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

BROADREED LIMITED

BROADREED LIMITED (REGISTERED NUMBER: 00775616)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROADREED LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Lord M F L Bessborough
Lady A Bessborough





SECRETARY: Lady A Bessborough





REGISTERED OFFICE: 25 St Thomas Street
Winchester
Hampshire
SO23 9HJ





REGISTERED NUMBER: 00775616 (England and Wales)





ACCOUNTANTS: Martin and Company
25 St Thomas Street
Winchester
Hampshire
SO23 9HJ

BROADREED LIMITED (REGISTERED NUMBER: 00775616)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,632 14,287
Investments 5 75,113 126,822
87,745 141,109

CURRENT ASSETS
Stocks 299,027 35,000
Debtors 6 179,243 104,441
Cash at bank 91,028 62,600
569,298 202,041
CREDITORS
Amounts falling due within one year 7 228,364 25,775
NET CURRENT ASSETS 340,934 176,266
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,679

317,375

PROVISIONS FOR LIABILITIES 1,007 3,524
NET ASSETS 427,672 313,851

CAPITAL AND RESERVES
Called up share capital 45,000 45,000
Retained earnings 382,672 268,851
427,672 313,851

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

BROADREED LIMITED (REGISTERED NUMBER: 00775616)

BALANCE SHEET - continued
31ST MARCH 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30th October 2023 and were signed on its behalf by:





Lord M F L Bessborough - Director


BROADREED LIMITED (REGISTERED NUMBER: 00775616)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023


1. STATUTORY INFORMATION

Broadreed 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Arable stocks are valued in accordance with HS232.

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.

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.

BROADREED LIMITED (REGISTERED NUMBER: 00775616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investments
Fixed asset investments are stated at fair value. Realised and unrealised gains and losses on investments are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st April 2022
and 31st March 2023 119,291 28,444 12,919 1,044 161,698
DEPRECIATION
At 1st April 2022 107,463 26,401 12,503 1,044 147,411
Charge for year 1,183 409 63 - 1,655
At 31st March 2023 108,646 26,810 12,566 1,044 149,066
NET BOOK VALUE
At 31st March 2023 10,645 1,634 353 - 12,632
At 31st March 2022 11,828 2,043 416 - 14,287

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1st April 2022 126,822
Additions 3,042
Disposals (41,977 )
Revaluations (12,774 )
At 31st March 2023 75,113
NET BOOK VALUE
At 31st March 2023 75,113
At 31st March 2022 126,822

BROADREED LIMITED (REGISTERED NUMBER: 00775616)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023


5. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 31st March 2023 is represented by:

Other
investments
£   
Valuation in 2018 17,417
Valuation in 2019 (4,633 )
Valuation in 2020 1,426
Valuation in 2021 6,213
Valuation in 2022 (4,336 )
Valuation in 2023 (12,774 )
Cost 71,800
75,113

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 179,243 104,441

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 5,676
Trade creditors - 2,083
Taxation and social security 25,676 10,749
Other creditors 202,688 7,267
228,364 25,775