Company registration number 02001960 (England and Wales)
BROOMHAM ESTATES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
PAGES FOR FILING WITH REGISTRAR
BROOMHAM ESTATES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
BROOMHAM ESTATES LIMITED
BALANCE SHEET
AS AT
29 FEBRUARY 2024
29 February 2024
- 1 -
29 February 2024
28 February 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
25,364
27,548
Current assets
Debtors
4
59,888
55,885
Cash at bank and in hand
47,551
66,705
107,439
122,590
Creditors: amounts falling due within one year
5
(4,588)
(4,413)
Net current assets
102,851
118,177
Net assets
128,215
145,725
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
128,213
145,723
Total equity
128,215
145,725

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 10 September 2024 and are signed on its behalf by:
Mr A D Mayhew
Mrs C A Mayhew
Director
Director
Company registration number 02001960 (England and Wales)
BROOMHAM ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 2 -
1
Accounting policies
Company information

Broomham Estates Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Summit, Woodwater Park, Pynes Hill, Exeter, United Kingdom, EX2 5WS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
4% Per annum on cost
Plant and machinery
20% Per annum on cost
Fixtures, fittings & equipment
20% Per annum on cost
Motor vehicles
25% Per annum on net book value

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
BROOMHAM ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 3 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 March 2023
28,505
98,754
127,259
Additions
-
0
2,596
2,596
Disposals
-
0
(13,425)
(13,425)
At 29 February 2024
28,505
87,925
116,430
Depreciation and impairment
At 1 March 2023
10,429
89,282
99,711
Depreciation charged in the year
1,143
3,106
4,249
Eliminated in respect of disposals
-
0
(12,894)
(12,894)
At 29 February 2024
11,572
79,494
91,066
Carrying amount
At 29 February 2024
16,933
8,431
25,364
At 28 February 2023
18,076
9,472
27,548
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
2,500
-
0
Other debtors
57,388
55,885
59,888
55,885
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
4,588
4,413
BROOMHAM ESTATES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 29 FEBRUARY 2024
- 4 -
6
Directors' transactions

Advances or credits have been granted by the company to its directors as follows:

Description
% Rate
Opening balance
Amounts advanced
Amounts repaid
Closing balance
£
£
£
£
Two directors
-
80
4,235
(3,427)
888
80
4,235
(3,427)
888

The advances to the directors are unsecured and repayable on demand.

7
Related party transactions
Transactions with related parties

During the year the company entered into the following transactions with related parties:

 

Knightox Limited

Broomham Estates Limited continued to extend an interest free loan of £54,000 to Knightox Limited, a company registered in England and Wales. Knightox Limited is controlled by a member of the directors' family. The amount outstanding on the loan at the balance sheet date was £54,000 (2023 - £54,000). The loan is unsecured and repayable on demand.

 

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