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REGISTERED NUMBER: 09900847 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

BROXFIELD LIMITED

BROXFIELD LIMITED (REGISTERED NUMBER: 09900847)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BROXFIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTOR: J Schreiber





SECRETARY: Mrs. R Niederman





REGISTERED OFFICE: 147 Stamford Hill
London
N16 5LG





REGISTERED NUMBER: 09900847 (England and Wales)





ACCOUNTANTS: Venitt and Greaves
Chartered Accountants
115 Craven Park Road
South Tottenham
London
N15 6BL

BROXFIELD LIMITED (REGISTERED NUMBER: 09900847)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

31.5.23 31.5.22
Notes £    £   
FIXED ASSETS
Investment property 4 2,500,000 2,500,000

CURRENT ASSETS
Debtors 5 491,449 509,411
Cash at bank 199,437 431,542
690,886 940,953
CREDITORS
Amounts falling due within one year 6 (1,667,490 ) (1,871,447 )
NET CURRENT LIABILITIES (976,604 ) (930,494 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,523,396

1,569,506

CREDITORS
Amounts falling due after more than one
year

7

(852,873

)

(690,600

)
NET ASSETS 670,523 878,906

CAPITAL AND RESERVES
Called up share capital 8 100 100
Revaluation reserve 9 1,049,386 1,049,386
Retained earnings 9 (378,963 ) (170,580 )
SHAREHOLDERS' FUNDS 670,523 878,906

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

BROXFIELD LIMITED (REGISTERED NUMBER: 09900847)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 director and authorised for issue on 18 February 2024 and were signed by:





J Schreiber - Director


BROXFIELD LIMITED (REGISTERED NUMBER: 09900847)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Broxfield 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 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.

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 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 NIL (2022 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 2,500,000
NET BOOK VALUE
At 31 May 2023 2,500,000
At 31 May 2022 2,500,000

BROXFIELD LIMITED (REGISTERED NUMBER: 09900847)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2019 1,049,386
Cost 1,450,614
2,500,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Trade debtors 482,549 501,361
Other debtors 8,900 8,050
491,449 509,411

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.23 31.5.22
£    £   
Bank loans and overdrafts 30,748 40,494
Trade creditors 432,874 381,913
Other creditors 1,203,868 1,449,040
1,667,490 1,871,447

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.23 31.5.22
£    £   
Bank loans 671,800 690,600
Amounts owed to associates 181,073 -
852,873 690,600

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 671,800 690,600

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.23 31.5.22
value: £    £   
100 Ordinary £1 100 100

BROXFIELD LIMITED (REGISTERED NUMBER: 09900847)

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

9. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 June 2022 (170,580 ) 1,049,386 878,806
Deficit for the year (208,383 ) (208,383 )
At 31 May 2023 (378,963 ) 1,049,386 670,423

10. RELATED PARTY DISCLOSURES

Other debtors and other creditors represent monies due from and due to companies associated with directors.