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REGISTERED NUMBER: 12107652 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2023

for

Broadway Place Limited

Broadway Place Limited (Registered number: 12107652)






Contents of the Financial Statements
for the Year Ended 31st October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Broadway Place Limited

Company Information
for the Year Ended 31st October 2023







DIRECTOR: Mr A Anderson





REGISTERED OFFICE: Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF





REGISTERED NUMBER: 12107652 (England and Wales)





ACCOUNTANTS: Field & Co LLP
Central Chambers
227 London Road
Hadleigh
Benfleet
Essex
SS7 2RF

Broadway Place Limited (Registered number: 12107652)

Balance Sheet
31st October 2023

31/10/23 31/10/22
Notes £    £   
CURRENT ASSETS
Stocks 4 1,550,568 1,345,919
Debtors 5 1,101,285 19,121
Cash at bank and in hand 71,817 706
2,723,670 1,365,746
CREDITORS
Amounts falling due within one year 6 3,117,356 1,607,311
NET CURRENT LIABILITIES (393,686 ) (241,565 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(393,686

)

(241,565

)

CREDITORS
Amounts falling due after more than
one year

7

24,861

37,706
NET LIABILITIES (418,547 ) (279,271 )

CAPITAL AND RESERVES
Called up share capital 9 200 200
Retained earnings 10 (418,747 ) (279,471 )
SHAREHOLDERS' FUNDS (418,547 ) (279,271 )

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

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

Broadway Place Limited (Registered number: 12107652)

Balance Sheet - continued
31st October 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 director and authorised for issue on 31st July 2024 and were signed by:





Mr A Anderson - Director


Broadway Place Limited (Registered number: 12107652)

Notes to the Financial Statements
for the Year Ended 31st October 2023

1. STATUTORY INFORMATION

Broadway Place 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.

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

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

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

Broadway Place Limited (Registered number: 12107652)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

4. STOCKS
31/10/23 31/10/22
£    £   
Work-in-progress 1,550,568 1,345,919

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Amounts owed by group undertakings 43,876 -
Amounts owed by associates 932,125 -
Other debtors 55,315 -
Directors' current accounts 64,238 -
VAT 5,731 19,121
1,101,285 19,121

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans and overdrafts (see note 8) 12,845 612,566
Other loans (see note 8) 414,807 354,794
Trade creditors 53,953 127,224
Amounts owed to group undertakings 2,304,087 172,950
Other creditors - 5,000
Directors' current accounts - 3,113
Accruals and deferred income 331,664 331,664
3,117,356 1,607,311

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/23 31/10/22
£    £   
Bank loans (see note 8) 24,861 37,706

8. LOANS

An analysis of the maturity of loans is given below:

31/10/23 31/10/22
£    £   
Amounts falling due within one year or on demand:
Bank loans 12,845 612,566
Other loans 414,807 354,794
427,652 967,360

Broadway Place Limited (Registered number: 12107652)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2023

8. LOANS - continued
31/10/23 31/10/22
£    £   
Amounts falling due between one and two years:
Bank loans - 1-2 years 13,170 13,641

Amounts falling due between two and five years:
Bank loans - 2-5 years 11,691 24,065

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/10/23 31/10/22
value: £    £   
100 Ordinary Share £1 200 200

10. RESERVES
Retained
earnings
£   

At 1st November 2022 (279,471 )
Deficit for the year (139,276 )
At 31st October 2023 (418,747 )