IRIS Accounts Production v24.1.0.576 01432164 Board of Directors 29.6.22 28.6.23 28.6.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh014321642022-06-28014321642023-06-28014321642022-06-292023-06-28014321642021-06-30014321642021-07-012022-06-28014321642022-06-2801432164ns15:EnglandWales2022-06-292023-06-2801432164ns14:PoundSterling2022-06-292023-06-2801432164ns10:Director12022-06-292023-06-2801432164ns10:PrivateLimitedCompanyLtd2022-06-292023-06-2801432164ns10:SmallEntities2022-06-292023-06-2801432164ns10:AuditExempt-NoAccountantsReport2022-06-292023-06-2801432164ns10:SmallCompaniesRegimeForDirectorsReport2022-06-292023-06-2801432164ns10:SmallCompaniesRegimeForAccounts2022-06-292023-06-2801432164ns10:FullAccounts2022-06-292023-06-2801432164ns10:Director22022-06-292023-06-2801432164ns10:Director32022-06-292023-06-2801432164ns10:CompanySecretary12022-06-292023-06-2801432164ns10:RegisteredOffice2022-06-292023-06-2801432164ns5:CurrentFinancialInstruments2023-06-2801432164ns5:CurrentFinancialInstruments2022-06-2801432164ns5:Non-currentFinancialInstruments2023-06-2801432164ns5:Non-currentFinancialInstruments2022-06-2801432164ns5:ShareCapital2023-06-2801432164ns5:ShareCapital2022-06-2801432164ns5:RetainedEarningsAccumulatedLosses2023-06-2801432164ns5:RetainedEarningsAccumulatedLosses2022-06-2801432164ns5:PlantMachinery2022-06-292023-06-2801432164ns5:PlantMachinery2022-06-2801432164ns5:PlantMachinery2023-06-2801432164ns5:PlantMachinery2022-06-2801432164ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-2801432164ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-2801432164ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-06-2801432164ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-06-2801432164ns5:Secured2023-06-2801432164ns5:Secured2022-06-2801432164ns5:RetainedEarningsAccumulatedLosses2022-06-2801432164ns5:RetainedEarningsAccumulatedLosses2022-06-292023-06-28014321641ns10:Director12022-06-28014321641ns10:Director12021-06-30014321641ns10:Director12022-06-292023-06-28014321641ns10:Director12021-07-012022-06-28014321641ns10:Director12023-06-28014321641ns10:Director12022-06-28
REGISTERED NUMBER: 01432164 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 JUNE 2023

FOR

D.J. BROADY (PROPERTIES) LIMITED

D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 June 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D.J. BROADY (PROPERTIES) LIMITED

COMPANY INFORMATION
for the Year Ended 28 June 2023







DIRECTORS: T D Broady
Mrs S M Broady
Mrs L Hunter





SECRETARY: T D Broady





REGISTERED OFFICE: St Annes
23 Ings Lane
Dunswell
Hull
HU6 0AL





REGISTERED NUMBER: 01432164 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

BALANCE SHEET
28 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,631 28,977
Investment property 5 1,035,000 1,035,000
1,059,631 1,063,977

CURRENT ASSETS
Debtors 6 21,783 9,812
Cash at bank 22,965 26,955
44,748 36,767
CREDITORS
Amounts falling due within one year 7 419,671 420,928
NET CURRENT LIABILITIES (374,923 ) (384,161 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

684,708

679,816

CREDITORS
Amounts falling due after more than one year 8 2,104 12,628
NET ASSETS 682,604 667,188

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 682,504 667,088
682,604 667,188

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 June 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.

D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

BALANCE SHEET - continued
28 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 April 2024 and were signed on its behalf by:





T D Broady - Director


D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 June 2023


1. STATUTORY INFORMATION

D.J. Broady (Properties) Limited is a private company, limited by shares, registered in England. The company's registered number is 01432164. The company's registered office is St Annes, 23 Ings Lane, Dunswell Hull, North Humberside, HU6 0AL.

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 represents the income from rents receivable and generating electricity.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance

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 Statement of Income and Retained Earnings, 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.

D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 June 2023


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 29 June 2022
and 28 June 2023 98,185
DEPRECIATION
At 29 June 2022 69,208
Charge for year 4,346
At 28 June 2023 73,554
NET BOOK VALUE
At 28 June 2023 24,631
At 28 June 2022 28,977

The net book value of tangible fixed assets includes £ 11,027 (2022 - £ 12,973 ) in respect of assets held under hire purchase contracts.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 June 2022
and 28 June 2023 1,035,000
NET BOOK VALUE
At 28 June 2023 1,035,000
At 28 June 2022 1,035,000

D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 June 2023


5. INVESTMENT PROPERTY - continued

The properties were valued on an open market basis on the 28th June, 2023 by the company's directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 481 841
Directors' loan accounts 21,302 8,971
21,783 9,812

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 7,199 6,605
Hire purchase contracts 3,462 3,462
Trade creditors 26,757 31,172
Tax 11,525 7,856
Social security and other taxes 2,111 3,216
Amount owed to related undertakings 368,617 368,617
419,671 420,928

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loan 373 7,434
Hire purchase contracts 1,731 5,194
2,104 12,628

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 7,572 14,039
Hire purchase contracts 5,193 8,656
12,765 22,695

D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 June 2023


10. RESERVES
Retained
earnings
£   

At 29 June 2022 667,088
Profit for the year 23,416
Dividends (8,000 )
At 28 June 2023 682,504

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 28 June 2023 and the period ended 28 June 2022:

2023 2022
£    £   
T D Broady
Balance outstanding at start of year 8,971 (3,299 )
Amounts advanced 33,402 20,349
Amounts repaid (21,071 ) (8,079 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,302 8,971

12. RELATED PARTY DISCLOSURES

T D Broady is a shareholder, and director, of Codeport Limited

Throughout the period under review loan relationships existed with the company.

The balance outstanding on the loan at the year end was £368,617 (2022- £368,617).


13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T D Broady.