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REGISTERED NUMBER: 07174778 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BROADGATE RESIDENTIAL INVESTMENTS LTD

BROADGATE RESIDENTIAL INVESTMENTS LTD (REGISTERED NUMBER: 07174778)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BROADGATE RESIDENTIAL INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: K J Dickins
H Mills





REGISTERED OFFICE: Old Fire Station
Salt Lane
Salisbury
SP1 1DU





REGISTERED NUMBER: 07174778 (England and Wales)





ACCOUNTANTS: Upton Neenan Lees
Chartered Accountants
21-23 Croydon Road
Caterham
Surrey
CR3 6PA

BROADGATE RESIDENTIAL INVESTMENTS LTD (REGISTERED NUMBER: 07174778)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,390 5,767

CURRENT ASSETS
Debtors 5 15,188 72,083
Cash at bank 242,610 224,670
257,798 296,753
CREDITORS
Amounts falling due within one year 6 (241,269 ) (291,616 )
NET CURRENT ASSETS 16,529 5,137
TOTAL ASSETS LESS CURRENT
LIABILITIES

18,919

10,904

CAPITAL AND RESERVES
Called up share capital 120 120
Retained earnings 18,799 10,784
18,919 10,904

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

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

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 23 February 2024 and were signed on its behalf by:





K J Dickins - Director


BROADGATE RESIDENTIAL INVESTMENTS LTD (REGISTERED NUMBER: 07174778)

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


1. STATUTORY INFORMATION

Broadgate Residential Investments Ltd 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.

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.
Plant and machinery etc - 33% on cost

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.

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.

Going concern
The company meets its day to day working capital requirements through the continued support of the directors and shareholders who have confirmed that they will continue with such support for the foreseeable future and will not seek repayment of their loans until the company is in a net assets position and has the available funds to repay the loans. Given this continued support, the accounts have been prepared on a going concern basis.

BROADGATE RESIDENTIAL INVESTMENTS LTD (REGISTERED NUMBER: 07174778)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 20 (2022 - 18 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 16,590
DEPRECIATION
At 1 April 2022 10,823
Charge for year 3,377
At 31 March 2023 14,200
NET BOOK VALUE
At 31 March 2023 2,390
At 31 March 2022 5,767

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 15,188 72,083

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Taxation and social security 73,037 153,570
Other creditors 168,232 138,046
241,269 291,616

7. CLIENT MONEY

The balance held on deposit on account of landlords and tenants as at 31st March 2023 is £2,897,168 ( 2022 : £3,511,297).