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Registered number: 09890842









10 THE BROADWAY FREEHOLD MANAGEMENT LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
10 THE BROADWAY FREEHOLD MANAGEMENT LIMITED
REGISTERED NUMBER: 09890842

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Investment property
 4 
10,000
10,000

Current assets
  

Debtors: amounts falling due within one year
 5 
42,746
42,746

Creditors: amounts falling due within one year
 6 
(3,731)
(3,731)

Net current assets
  
 
 
39,015
 
 
39,015

  

Net assets
  
49,015
49,015


Capital and reserves
  

Called up share capital 
  
74
74

Profit and loss account
  
48,941
48,941

  
49,015
49,015


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 2 to 3 form part of these financial statements.

Page 1

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

1.


General information

10 The Broadway Freehold Management Limited ("the company") is a private company limited by shares and incorporated in England and Wales. The address of the 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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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.

  
2.2

Creditors

Short term creditors are measured at transaction price.

 
2.3

Going concern

The accounts have been prepared on a going concern basis. At the time of approval of these financial statements the director is of the opinion that the company will continue in operation for the foreseeable future.

 
2.4

Investment property

Investment property comprises the freehold interest of property held and is carried at fair value determined by the director based upon the ground rents due per the leases granted. No depreciation is provided. Changes in fair value are recognised in the Statement of income and retained earnings.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 2

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

4.


Investment property


Freehold interest

£



Valuation


At 1 December 2022
10,000



At 30 November 2023
10,000

The above interest was acquired in a previous accounting period and its deemed purchase price is, in the opinion of the directors, considered to reflect the year end fair value. 




5.


Debtors

2023
2022
£
£

Other debtors
42,146
42,146

Prepayments and accrued income
600
600

42,746
42,746



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
15
15

Other creditors
2,516
2,516

Accruals and deferred income
1,200
1,200

3,731
3,731



7.


Related party transactions

At the balance sheet date, companies holding a participating interest in the company owed £42,146 (2022 - £42,146) to the company, representing loans made in the period. Interest is not charged on these loans.
The company has taken advantage of the exemption from disclosing transactions with group companies,
available under FRS102 (Section 33).

Page 3