Broadway Investment Properties Limited NI018079 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is property investment Digita Accounts Production Advanced 6.30.9574.0 true true NI018079 2023-01-01 2023-12-31 NI018079 2023-12-31 NI018079 bus:OrdinaryShareClass1 2023-12-31 NI018079 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 NI018079 bus:SmallEntities 2023-01-01 2023-12-31 NI018079 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 NI018079 bus:FilletedAccounts 2023-01-01 2023-12-31 NI018079 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 NI018079 bus:RegisteredOffice 2023-01-01 2023-12-31 NI018079 bus:Director2 2023-01-01 2023-12-31 NI018079 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 NI018079 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 NI018079 countries:NorthernIreland 2023-01-01 2023-12-31 NI018079 2022-12-31 NI018079 2022-01-01 2022-12-31 NI018079 2022-12-31 NI018079 bus:OrdinaryShareClass1 2022-12-31 NI018079 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: NI018079

Broadway Investment Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Broadway Investment Properties Limited

(Registration number: NI018079)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

210,000

210,000

Current assets

 

Cash at bank and in hand

 

29,754

28,225

Creditors: due within one year

5

(5,740)

(5,682)

Net current assets

 

24,014

22,543

Net assets

 

234,014

232,543

Capital and reserves

 

Called up share capital

6

1,000

1,000

Retained earnings

233,014

231,543

Shareholders' funds

 

234,014

232,543

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 June 2024 and signed on its behalf by:
 

.........................................
Mr Robert James Stevenson
Director

 

Broadway Investment Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 22 Broadway Avenue, Ballymena, Co. Antrim, BT43 7AA.

These financial statements were authorised for issue by the Board on 25 June 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Rental income is recognised on a straight-line basis over the lease term. Commissions and fees are credited in the period in which they are received. Interests are credited in the period in which they are earned.

Tax

Current tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Investment property

Investment properties are initially measured at cost. Cost comprises the purchase price and any directly attributable expenditure including fees, taxes and other transaction costs. Investment properties are measured at fair value at each reporting date with any changes in fair value recognised in the profit and loss account.

 

Broadway Investment Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Employee information

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 2).

4

Investment properties

2023
£

At 1 January

210,000

At 31 December 2020

210,000

The investment property was revalued to open market value by the independent valuers, Harry Clarke & Company during December 2020.

5

Creditors

2023
£

2022
£

Taxation and social security

5,740

5,682

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1,000

1,000

1,000

1,000