Broadstone Mill Shopping Outlet Limited 03902289 false 2022-12-31 2023-12-30 2023-12-30 The principal activity of the company is the provision of space for commercial retail sales on a concession basis Digita Accounts Production Advanced 6.30.9574.0 true 03902289 2022-12-31 2023-12-30 03902289 2023-12-30 03902289 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-12-30 03902289 core:CurrentFinancialInstruments 2023-12-30 03902289 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-30 03902289 core:FurnitureFittingsToolsEquipment 2023-12-30 03902289 bus:SmallEntities 2022-12-31 2023-12-30 03902289 bus:AuditExemptWithAccountantsReport 2022-12-31 2023-12-30 03902289 bus:FullAccounts 2022-12-31 2023-12-30 03902289 bus:SmallCompaniesRegimeForAccounts 2022-12-31 2023-12-30 03902289 bus:RegisteredOffice 2022-12-31 2023-12-30 03902289 bus:Director2 2022-12-31 2023-12-30 03902289 bus:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 03902289 core:FurnitureFittingsToolsEquipment 2022-12-31 2023-12-30 03902289 countries:EnglandWales 2022-12-31 2023-12-30 03902289 2022-12-30 03902289 core:FurnitureFittingsToolsEquipment 2022-12-30 03902289 2022-01-01 2022-12-30 03902289 2022-12-30 03902289 core:CurrentFinancialInstruments 2022-12-30 03902289 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-30 03902289 core:FurnitureFittingsToolsEquipment 2022-12-30 iso4217:GBP xbrli:pure

Registration number: 03902289

Broadstone Mill Shopping Outlet Limited

Unaudited Financial Statements

for the Year Ended 30 December 2023

 

Broadstone Mill Shopping Outlet Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

Broadstone Mill Shopping Outlet Limited

(Registration number: 03902289)
Statement of Financial Position as at 30 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,654

3,538

Other financial assets

5

1,453,803

1,567,678

 

1,456,457

1,571,216

Current assets

 

Stocks

6

17,848

11,079

Debtors

7

891,943

791,353

Cash at bank and in hand

 

570,576

369,457

 

1,480,367

1,171,889

Creditors: Amounts falling due within one year

8

(576,213)

(628,929)

Net current assets

 

904,154

542,960

Total assets less current liabilities

 

2,360,611

2,114,176

Provisions for liabilities

(1,039)

(1,039)

Net assets

 

2,359,572

2,113,137

Capital and reserves

 

Called up share capital

1,000

1,000

Retained earnings

2,358,572

2,112,137

Shareholders' funds

 

2,359,572

2,113,137

For the financial year ending 30 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.

 

Broadstone Mill Shopping Outlet Limited

(Registration number: 03902289)
Statement of Financial Position as at 30 December 2023

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 Income statement.

Approved and authorised by the Board on 19 September 2024 and signed on its behalf by:
 

.........................................
Mrs J F Sym
Director

   
     
 

Broadstone Mill Shopping Outlet Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Broadstone House
Broadstone Road
Reddish
Stockport
Cheshire
SK5 7DL
United Kingdom

These financial statements were authorised for issue by the Board on 19 September 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- 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

 

Broadstone Mill Shopping Outlet Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its laibilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the statement of financial position. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 33 (2022 - 33).

 

Broadstone Mill Shopping Outlet Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 31 December 2022

237,791

237,791

At 30 December 2023

237,791

237,791

Depreciation

At 31 December 2022

234,253

234,253

Charge for the year

884

884

At 30 December 2023

235,137

235,137

Carrying amount

At 30 December 2023

2,654

2,654

At 30 December 2022

3,538

3,538

5

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 31 December 2022

1,567,678

1,567,678

Revaluations

36,125

36,125

Disposals

(150,000)

(150,000)

At 30 December 2023

1,453,803

1,453,803

Impairment

Carrying amount

At 30 December 2023

1,453,803

1,453,803

6

Stocks

2023
£

2022
£

Finished goods and goods for resale

17,848

11,079

 

Broadstone Mill Shopping Outlet Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2023

7

Debtors

2023
£

2022
£

Trade debtors

158,924

155,772

Prepayments

8,753

9,989

Other debtors

724,266

625,592

891,943

791,353

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

9

21,746

32,481

Trade creditors

 

437,755

511,309

Taxation and social security

 

78,876

53,428

Accruals and deferred income

 

12,513

11,226

Other creditors

 

25,323

20,485

 

576,213

628,929

9

Loans and borrowings

2023
£

2022
£

Current loans and borrowings

Bank borrowings

21,746

32,481