BROADWAY PROPERTY INVESTMENTS LIMITED

Company Registration Number:
02795355 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

BROADWAY PROPERTY INVESTMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

BROADWAY PROPERTY INVESTMENTS LIMITED

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Tangible assets: 3 1,057,500 938,500
Investments: 4 187,936 187,936
Total fixed assets: 1,245,436 1,126,436
Current assets
Debtors: 5 672,502 996,747
Cash at bank and in hand: 1,998 74
Total current assets: 674,500 996,821
Creditors: amounts falling due within one year: 6 (329,359) (716,276)
Net current assets (liabilities): 345,141 280,545
Total assets less current liabilities: 1,590,577 1,406,981
Creditors: amounts falling due after more than one year: 7 (597,613) (557,443)
Total net assets (liabilities): 992,964 849,538
Capital and reserves
Called up share capital: 5,000 5,000
Share premium account: 65,000 65,000
Revaluation reserve:8684,515565,515
Profit and loss account: 238,449 214,023
Shareholders funds: 992,964 849,538

The notes form part of these financial statements

BROADWAY PROPERTY INVESTMENTS LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 21 February 2024
and signed on behalf of the board by:

Name: Alan Geoffrey Broadway
Status: Director

The notes form part of these financial statements

BROADWAY PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

BROADWAY PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 0 0

BROADWAY PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible Assets

Total
Cost £
At 01 January 2023 938,500
Revaluations 119,000
At 31 December 2023 1,057,500
Net book value
At 31 December 2023 1,057,500
At 31 December 2022 938,500

BROADWAY PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Fixed investments

Freehold Property

BROADWAY PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Debtors

2023 2022
££
Debtors due after more than one year: 672,502 996,747

BROADWAY PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due within one year note

Bank loan and overdraft : £ 15,871 & Trade creditors : £ 313,488

BROADWAY PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due after more than one year note

The bank loan is secured by Interbay by a charge over the freehold property (£ 597,613)

BROADWAY PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Revaluation reserve

2023
£
Balance at 01 January 2023 565,515
Surplus or deficit after revaluation 119,000
Balance at 31 December 2023 684,515

BROADWAY PROPERTY INVESTMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

9. Related party transactions

Name of the related party: Oval Estates (Bath) Limited
Relationship:
Oval Estates (Bath) Limited is the parent company.
Description of the Transaction: As at 31st December 2023, Broadway Property Investments Limited is owed by Oval Estates (Bath) Limited £ 47,267 (2022 : £ 27,966).This is enclosed under debtors.
£
Balance at 01 January 2023 27,966
Balance at 31 December 2023 47,268