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REGISTERED NUMBER: 10866835 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Broadslade Properties Limited

Broadslade Properties Limited (Registered number: 10866835)






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


Broadslade Properties Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: T D Cattle
R R Cox
Dr S M Cattle





SECRETARY: R R Cox





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 10866835 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Broadslade Properties Limited (Registered number: 10866835)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £   
CURRENT ASSETS
Debtors 4 223 6,217
Cash at bank 40,390 175,530
40,613 181,747
CREDITORS
Amounts falling due within one year 5 2,428 112,293
NET CURRENT ASSETS 38,185 69,454
TOTAL ASSETS LESS CURRENT
LIABILITIES

38,185

69,454

CREDITORS
Amounts falling due after more than
one year

6

1,764

2,683
NET ASSETS 36,421 66,771

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 36,321 66,671
SHAREHOLDERS' FUNDS 36,421 66,771

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.

Broadslade Properties Limited (Registered number: 10866835)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 September 2024 and were signed on its behalf by:





T D Cattle - Director


Broadslade Properties Limited (Registered number: 10866835)

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

1. STATUTORY INFORMATION

Broadslade Properties Limited is a private company limited by shares and incorporated in England & Wales. Its registered office is 6 High Street, Wheathampstead, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention in accordance with the accounting policies set out below. These financial statements have been prepared in accordance with FRS 102, Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Turnover & revenue recognition
Turnover represents the fair value of rent and service charges receivable excluding Value Added Tax having regard to the fulfilment of contractual obligations.

Fixed assets
All fixed assets are initially recorded at cost.

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Furniture & Fittings - 25% straight line.

Investment property
In accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the Director considers that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The Director considers that this policy results in the accounts giving a true and fair view.


Broadslade Properties Limited (Registered number: 10866835)

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

2. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of tax currently payable and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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

Leases
Rental costs under operating leases are charged to Profit and Loss Account as incurred.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Prepayments and accrued income 223 6,217

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Tax - 16,943
Bank Loans - Current 920 920
Owed to Directors 32 92,943
Accruals and deferred income 1,476 1,487
2,428 112,293

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.12.23 31.12.22
£    £   
Bounceback loan 1,764 2,683

Broadslade Properties Limited (Registered number: 10866835)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued

The Bounceback Loan is unsecured and repayable over six years from inception in November 2020.

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Broadslade Properties Ltd owes the following to its directors at 31.12.22.

Owed to R R Cox£32 (2022 : £25,481)
Owed to T D Cattle- (2022 : £57,649)
Owed to Dr S M Cattle- (2022 : £9,814)

The above loans are interest-free and repayable on demand.

8. ULTIMATE CONTROLLING PARTY

The company is ultimately controlled by its directors.