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REGISTERED NUMBER: 02048964 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BROOMER FARM INVESTMENTS LIMITED

BROOMER FARM INVESTMENTS LIMITED (REGISTERED NUMBER: 02048964)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROOMER FARM INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D A Finnamore
Mrs D Finnamore
P J A Finnamore
Mrs H E Harries
Mrs K A Moss
Mrs E Grubb





REGISTERED OFFICE: Oakwood Lock Lane
Birdham
Chichester
West Sussex
PO20 7AX





REGISTERED NUMBER: 02048964 (England and Wales)





ACCOUNTANTS: Lewis Brownlee (Chichester) Limited
Chartered Accountants
Appledram Barns
Birdham Road
Chichester
West Sussex
PO20 7EQ

BROOMER FARM INVESTMENTS LIMITED (REGISTERED NUMBER: 02048964)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 1,311,253 1,200,248
Investments 5 621,111 669,115
Investment property 6 900,000 900,000
2,832,364 2,769,363

CURRENT ASSETS
Debtors 7 5,581 16,323
Cash at bank 31,613 98,578
37,194 114,901
CREDITORS
Amounts falling due within one year 8 1,948,631 2,014,733
NET CURRENT LIABILITIES (1,911,437 ) (1,899,832 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

920,927

869,531

PROVISIONS FOR LIABILITIES 9 96,239 96,239
NET ASSETS 824,688 773,292

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 410,282 410,282
Retained earnings 414,306 362,910
824,688 773,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

BROOMER FARM INVESTMENTS LIMITED (REGISTERED NUMBER: 02048964)

BALANCE SHEET - continued
31 MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2024 and were signed on its behalf by:





Mrs E Grubb - Director


BROOMER FARM INVESTMENTS LIMITED (REGISTERED NUMBER: 02048964)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Broomer Farm Investments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office can be found on the Company Information page.

The presentational currency of the financial statements is Pound Sterling (£) which is rounded to the nearest Pound (£).

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Broomer Farm Investments Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Assets under construction are depreciated when they are brought into use.

All plant and machinery held has been fully depreciated. The directors of the business confirm that the fully depreciated plant and machinery held is still in business use.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairments.

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.

Financial instruments
Financial instruments are classified by the director as basic or advanced following the conditions in FRS102 section 1A. Basic financial instruments are recognised at amortised cost using effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost. The company has no advanced financial instruments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


BROOMER FARM INVESTMENTS LIMITED (REGISTERED NUMBER: 02048964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 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 year 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.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Assets Plant and
under machinery
construction etc Totals
£ £ £
COST
At 1 April 2023 1,200,248 15,426 1,215,674
Additions 109,725 4,400 114,125
Disposals (2,203 ) - (2,203 )
At 31 March 2024 1,307,770 19,826 1,327,596
DEPRECIATION
At 1 April 2023 - 15,426 15,426
Charge for year - 917 917
At 31 March 2024 - 16,343 16,343
NET BOOK VALUE
At 31 March 2024 1,307,770 3,483 1,311,253
At 31 March 2023 1,200,248 - 1,200,248

BROOMER FARM INVESTMENTS LIMITED (REGISTERED NUMBER: 02048964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 April 2023 669,115
Impairments (48,004 )
At 31 March 2024 621,111
NET BOOK VALUE
At 31 March 2024 621,111
At 31 March 2023 669,115

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 April 2023
and 31 March 2024 900,000
NET BOOK VALUE
At 31 March 2024 900,000
At 31 March 2023 900,000

Fair value at 31 March 2024 is represented by:
£
Valuation in 2017 506,521
Cost 393,479
900,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£ £
Cost 393,479 393,479

Investment property was valued on an open market basis on 31 March 2024 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Other debtors 5,581 16,323

BROOMER FARM INVESTMENTS LIMITED (REGISTERED NUMBER: 02048964)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 46,871 48,651
Amounts owed to group undertakings 621,111 636,111
Taxation and social security 32,164 10,304
Other creditors 1,248,485 1,319,667
1,948,631 2,014,733

9. PROVISIONS FOR LIABILITIES
2024 2023
£ £
Deferred tax 96,239 96,239

Deferred tax
£
Balance at 1 April 2023 96,239
Balance at 31 March 2024 96,239