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REGISTERED NUMBER: 02240941















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1ST NOVEMBER 2022 TO 30TH APRIL 2024

FOR

BROADOAK PARK PROPERTIES LIMITED

BROADOAK PARK PROPERTIES LIMITED (REGISTERED NUMBER: 02240941)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 1st November 2022 to 30th April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROADOAK PARK PROPERTIES LIMITED

COMPANY INFORMATION
for the Period 1st November 2022 to 30th April 2024







DIRECTORS: Mrs V Bentley
Mr A Bentley





REGISTERED OFFICE: 100 Barbriolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 02240941





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

BROADOAK PARK PROPERTIES LIMITED (REGISTERED NUMBER: 02240941)

BALANCE SHEET
30th April 2024

2024 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 25,017 61,743
Investments 5 - 31,775
Investment property 6 - 315,000
25,017 408,518

CURRENT ASSETS
Debtors 7 126 298
Cash at bank 59,953 102,354
60,079 102,652
CREDITORS
Amounts falling due within one year 8 (3,037 ) (155,294 )
NET CURRENT ASSETS/(LIABILITIES) 57,042 (52,642 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,059

355,876

PROVISIONS FOR LIABILITIES - (6,810 )
NET ASSETS 82,059 349,066

CAPITAL AND RESERVES
Called up share capital 10 1,000 1,000
Share premium 17,836 17,836
Retained earnings 63,223 330,230
82,059 349,066

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 30th April 2024 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.

BROADOAK PARK PROPERTIES LIMITED (REGISTERED NUMBER: 02240941)

BALANCE SHEET - continued
30th April 2024


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 10th October 2024 and were signed on its behalf by:





Mr A Bentley - Director


BROADOAK PARK PROPERTIES LIMITED (REGISTERED NUMBER: 02240941)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 1st November 2022 to 30th April 2024


1. STATUTORY INFORMATION

Broadway Park Properties Limited is a private company limited by share capital, incorporated in England and Wales, registration number 02240941. The address of the registered office is 100 Barbirolli Square, Manchester, United Kingdom, M2 3BD and the principal place of business is 12 The Coppice, Hale Barns, WAAC 0DU.

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, modified to include the revaluation of freehold properties.

Turnover
Turnover represents rental income received from letting and operating of own or leased real estate. The company is also involved in buying and selling of own real estate.

Tangible fixed assets
Tangible fixed assets are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using either a straight line or reducing balance method, as indicated below.
Depreciation is provided on the following basis:

Plant and machinery20% Straight line
Computer equipment33% Straight line
Motor vehicle25% Reducing balance

Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the period 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.


BROADOAK PARK PROPERTIES LIMITED (REGISTERED NUMBER: 02240941)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1st November 2022 to 30th April 2024


2. ACCOUNTING POLICIES - continued
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 period 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Cash and cash equivalents
Cash and cash equivalents are represented by cash at bank and in hand.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Investments
Motor vehicles purchased as investments are initially recognised at cost, then remeasured at fair value at each balance sheet date. The profit or loss is to be recognised in the profit and loss account in the period in which it relates.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2022 - 2 ) .

BROADOAK PARK PROPERTIES LIMITED (REGISTERED NUMBER: 02240941)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1st November 2022 to 30th April 2024


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st November 2022 60,624 2,438 63,062
Additions 25,392 - 25,392
Disposals (60,624 ) - (60,624 )
At 30th April 2024 25,392 2,438 27,830
DEPRECIATION
At 1st November 2022 - 1,319 1,319
Charge for period 11,475 965 12,440
Eliminated on disposal (10,946 ) - (10,946 )
At 30th April 2024 529 2,284 2,813
NET BOOK VALUE
At 30th April 2024 24,863 154 25,017
At 31st October 2022 60,624 1,119 61,743

5. FIXED ASSET INVESTMENTS
Other
investment
£   
COST
At 1st November 2022 31,775
Disposals (31,775 )
At 30th April 2024 -
NET BOOK VALUE
At 30th April 2024 -
At 31st October 2022 31,775

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st November 2022 315,000
Disposals (315,000 )
At 30th April 2024 -
NET BOOK VALUE
At 30th April 2024 -
At 31st October 2022 315,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Other debtors 126 298

BROADOAK PARK PROPERTIES LIMITED (REGISTERED NUMBER: 02240941)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 1st November 2022 to 30th April 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2022
£    £   
Bank loans and overdrafts - 132,295
Other creditors 3,037 22,999
3,037 155,294

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2022
£    £   
Bank loans - 132,295

Bank borrowings are secured by a fixed and floating charge over the company's assets.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:


Number:

Class
Nominal
Value:

2022


2021
£ £
405 Ordinary A £1.00 405 405
405 Ordinary B £1.00 405 405
95 Ordinary C £1.00 95 95
95 Ordinary D £1.00 95 95
1,000 1,000