Registered number
09885365
Broadpoint 3 Limited
Filleted Accounts
30 November 2023
Broadpoint 3 Limited
Registered number: 09885365
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Investments 2 16,388 16,388
Current assets
Debtors 3 110 4,087
Cash at bank and in hand 10,791 14,683
10,901 18,770
Creditors: amounts falling due within one year 4 (65,432) (62,737)
Net current liabilities (54,531) (43,967)
Net liabilities (38,143) (27,579)
Capital and reserves
Called up share capital 2 2
Profit and loss account (38,145) (27,581)
Shareholders' funds (38,143) (27,579)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
C A Ainsworth
Director
Approved by the board on 8 August 2024
Broadpoint 3 Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Going concern
On the basis of their assessment of the Company’s financial position, the company’s Directors have a reasonable expectation that the Company will be able to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.
2 Investments
Other
investments
£
At 1 December 2022 16,388
Additions -
Revaluation -
Disposals -
At 30 November 2023 16,388
Other investments are shares in small unlisted companies
The principal undertakings in which the Company's interest at the year end is 20% or more are as follows:
Name Country of
incorporation
or registration
Proportion of
voting rights
and ordinary
share capital held
Nature of business
Digima Ltd United Kingdom 23.05% Solar power
Digital Screen Solutions Ltd United Kingdom 34.75% Solar power
Green Highland Shenval Limited United Kingdom 49.75% Hydro power
Historical cost
At 1 December 2022 -
At 30 November 2023 -
3 Debtors 2023 2022
£ £
Prepayments 108 4,085
Other debtors 2 2
110 4,087
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 2,520
Accruals 24,696 18,504
Other creditors 40,736 41,713
65,432 62,737
Within the category 'other creditors' is the loan of £40,000 from Triple Point LLP.
5 Controlling party
The directors consider that there is no ultimate controlling party.
6 Other information
Broadpoint 3 Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 King William Street
London
EC4N 7AF
7 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
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