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REGISTERED NUMBER: 07092805 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BROOMHALL INVESTMENTS LIMITED

BROOMHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 07092805)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROOMHALL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: J M Brownhill
P L Robinson





REGISTERED OFFICE: Jenkin Hill House
Horsleygate Lane
Holmesfield
Derbyshire
S18 7WD





REGISTERED NUMBER: 07092805 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF

BROOMHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 07092805)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,250,000 2,250,000

CURRENT ASSETS
Debtors 5 538,722 538,322
Cash at bank 56,476 71,776
595,198 610,098
CREDITORS
Amounts falling due within one year 6 703,878 693,952
NET CURRENT LIABILITIES (108,680 ) (83,854 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,141,320

2,166,146

CREDITORS
Amounts falling due after more than one
year

7

(948,410

)

(1,027,076

)

PROVISIONS FOR LIABILITIES (57,322 ) (57,322 )
NET ASSETS 1,135,588 1,081,748

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,135,488 1,081,648
1,135,588 1,081,748

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

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

BROOMHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 07092805)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 September 2024 and were signed on its behalf by:





J M Brownhill - Director


BROOMHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 07092805)

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

1. STATUTORY INFORMATION

Broomhall Investments 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Judgements
The directors have made key assumptions in the determination of the fair value of investment property in respect of the state of the property market in the location where the property is situated and in respect of the range of reasonable fair value estimates of the asset. The valuation of the property at the reporting date is stated in the notes to the accounts.

Turnover
Turnover consists of rental income receivable on property investments in the United Kingdom, exclusive of VAT.

Investment property
Investment property is shown at fair value at each reporting date with changes in fair value recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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).

BROOMHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 07092805)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,250,000
NET BOOK VALUE
At 31 December 2023 2,250,000
At 31 December 2022 2,250,000

The historic cost of the investment property included above at a valuation of £2,250,000 was £1,638,173 (2022 - £1,638,173).

The investment property was valued at the balance sheet date by J M Brownhill, a director of the company, who is not a professionally qualified valuer. The fair value has been determined by reference to market factors including evidence of transaction prices for similar property in the location where the property is situated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 538,722 538,322

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 78,667 78,667
Trade creditors 300,826 300,826
Corporation tax 16,558 15,386
Other creditors 307,827 299,073
703,878 693,952

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 924,334 1,003,000
Directors' loan accounts 24,076 24,076
948,410 1,027,076

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,003,001 1,081,667

Bank loans are secured by way of fixed and floating charges over the company's assets, including the investment property.

BROOMHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 07092805)

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

9. RELATED PARTY DISCLOSURES

The Trustees of the Flexible Life Interest Trust for J M Brownhill have provided a loan to the company. No interest has been charged on this loan. At the balance sheet date the amount owed to The Flexible Life Interest Trust was £282,998 (2022 - £282,998).