Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30trueNo description of principal activity2022-12-01false22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09884271 2022-12-01 2023-11-30 09884271 2021-12-01 2022-11-30 09884271 2023-11-30 09884271 2022-11-30 09884271 c:Director1 2022-12-01 2023-11-30 09884271 d:CurrentFinancialInstruments 2023-11-30 09884271 d:CurrentFinancialInstruments 2022-11-30 09884271 d:Non-currentFinancialInstruments 2023-11-30 09884271 d:Non-currentFinancialInstruments 2022-11-30 09884271 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 09884271 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 09884271 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 09884271 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 09884271 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-11-30 09884271 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-11-30 09884271 d:ShareCapital 2023-11-30 09884271 d:ShareCapital 2022-11-30 09884271 d:RetainedEarningsAccumulatedLosses 2023-11-30 09884271 d:RetainedEarningsAccumulatedLosses 2022-11-30 09884271 c:FRS102 2022-12-01 2023-11-30 09884271 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 09884271 c:FullAccounts 2022-12-01 2023-11-30 09884271 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 09884271 6 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 09884271









10 THE BROADWAY HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
10 THE BROADWAY HOLDINGS LIMITED
REGISTERED NUMBER: 09884271

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Investments
 4 
1
1

Current assets
  

Stocks
  
848,207
848,207

Debtors: amounts falling due within one year
 5 
6,138
10,555

Cash at bank and in hand
  
2,912
831

  
857,257
859,593

Creditors: amounts falling due within one year
 6 
(299,785)
(271,680)

Net current assets
  
 
 
557,472
 
 
587,913

Creditors: amounts falling due after more than one year
 7 
(624,000)
(624,000)

Net liabilities
  
(66,527)
(36,086)


Capital and reserves
  

Called up share capital 
  
74
74

Profit and loss account
  
(66,601)
(36,160)

  
(66,527)
(36,086)


Page 1

 
10 THE BROADWAY HOLDINGS LIMITED
REGISTERED NUMBER: 09884271
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 October 2024.




P E Summers
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
10 THE BROADWAY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

10 The Broadway Holdings Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. Its registered office is 62 Salisbury Road, Walmer, Deal, Kent, England, CT14 7QJ. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The Company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006 and the parent and group are considered eligible for the exemption to prepare consolidated accounts.

 
2.3

Going concern

The accounts have been prepared on a going concern basis. The company owes an amount to its wholly owned subsidiary which will not be called upon until this company has made sufficient profits to fully do so. At the time of approval of these accounts the director is of the opinion that the company will continue in operation for the foreseeable future.  

 
2.4

Revenue

Revenue for the period comprised rental income from stock currently held for resale. 

 
2.5

Finance costs

Finance costs are charged to the Statement of income and retained earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in the Statement of income and retained earnings in the year in which they are incurred.

 
2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

Page 3

 
10 THE BROADWAY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

Stocks

Stock comprises long leasehold property held for development and resale. The cost included in stock includes all purchases and developments made on the property during the period. All purchases have been included at their original cost price.
At the balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete. Any impairment loss is recognised immediately in the Statement of income and retained earnings.

 
2.9

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).


4.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 December 2022
1



At 30 November 2023
1




Page 4

 
10 THE BROADWAY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£


Other debtors
2,588
2,588

Prepayments and accrued income
3,550
7,967

6,138
10,555



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
212,262
212,261

Other creditors
79,823
54,073

Accruals and deferred income
7,700
5,346

299,785
271,680



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
624,000
624,000


The aggregate amount of liabilities repayable wholly or in part more than five years after the balance sheet date is:

2023
2022
£
£


Repayable other than by instalments
624,000
624,000



Page 5

 
10 THE BROADWAY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
624,000
624,000


Secured loans
Bank loans amounting to £624,000 (2022 - £624,000) are secured by way of fixed charge over the stock of property and floating charges over all other assets held by the company. In addition, personal guarantees amounting to £624,240 have been provided by the company's ultimate controlling individuals. 


9.


Related party transactions

The company has taken advantage of the exemption from disclosing transactions with group companies, available under FRS102 (Section 33).
Included within other creditors is an amount of £79,823 (
2022 - £54,073) owed to the director by the Company.

 
Page 6