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COMPANY REGISTRATION NUMBER: 12360444
Broadbridge 19 Limited
Filleted Financial Statements
31 December 2023
Broadbridge 19 Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Current assets
Debtors
5
45,700
55,570
Cash at bank and in hand
4,399
3,771
--------
--------
50,099
59,341
Creditors: amounts falling due within one year
6
21,542
19,824
--------
--------
Net current assets
28,557
39,517
--------
--------
Total assets less current liabilities
28,557
39,517
--------
--------
Net assets
28,557
39,517
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
28,457
39,417
--------
--------
Shareholders funds
28,557
39,517
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 9 October 2024 , and are signed on behalf of the board by:
R Pankhania
A Pankhania
Director
Director
Company registration number: 12360444
Broadbridge 19 Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 173 Cleveland Street, London, W1T 6QR. The trading address of the company is Stanmore House, 15-19 Church Road, Stanmore, Middlesex, HA7 4AR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors' believe that due to the availability of reserves, there are no material uncertainties about the company's ability to continue for at least the next 12 months from the date of this report.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover comprises of proceeds from property sales, rental income, and other fees receivable and is stated net of value added tax where appropriate. Revenue relating to property sales is recognised when legally binding contracts which are irrevocable and effectively unconditional are exchanged and, when completion has taken place prior to the date on which the financial statements are approved.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2022: 2 ).
5. Debtors
2023
2022
£
£
Trade debtors
9,870
Amounts owed by group undertakings and undertakings in which the company has a participating interest
45,700
45,700
--------
--------
45,700
55,570
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
7,254
Other creditors
21,542
12,570
--------
--------
21,542
19,824
--------
--------
7. Summary audit opinion
The auditor's report dated 10 October 2024 was unqualified .
The senior statutory auditor was Shammir Shah , for and on behalf of Chamberlains UK LLP .
8. Related party transactions
As the company is a wholly owned subsidiary of Jaspar Holdings Limited, the company has taken advantage of the exemption afforded by FRS 102 not to disclose transactions or balances with other wholly owned members of the group.
9. Controlling party
The company is a wholly owned subsidiary of Jaspar Holdings Limited , a company registered in England and Wales, The registered office address of Jaspar Holdings Limited is 173 Cleveland Street, London, W1T 6QR and the principal place of business of Jaspar Holdings Limited is Stanmore House, 15-19 Church Road, Stanmore, Middlesex, HA7 4AR. These financial statements will be consolidated in the financial statements of Jaspar Holdings Limited, which is the only group in which the results of the company are consolidated.