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Registered number: 13484530









BROADFIELDS 12 LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MAY 2024

 
BROADFIELDS 12 LIMITED
REGISTERED NUMBER: 13484530

BALANCE SHEET
AS AT 31 MAY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
185,944
171,974

Cash at bank and in hand
 6 
4,958
29,660

  
190,902
201,634

Creditors: amounts falling due within one year
 7 
(46,568)
(31,404)

Net current assets
  
 
 
144,334
 
 
170,230

Total assets less current liabilities
  
144,334
170,230

  

Net assets
  
144,334
170,230


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
144,234
170,130

  
144,334
170,230


The directors consider 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 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.

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 profit and loss account 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 by: 




S Brooker
Director

Date: 11 November 2024

Page 1

 
BROADFIELDS 12 LIMITED
REGISTERED NUMBER: 13484530
    
BALANCE SHEET (CONTINUED)
AS AT 31 MAY 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
BROADFIELDS 12 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1.


General information

Broadfields 12 Limited is a company limited by shares and incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

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.

The following principal accounting policies have been applied:

 
2.2

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.3

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.

 
2.4

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. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.5

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.

 
2.6

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 3

 
BROADFIELDS 12 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgments, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. The nature of estimation means the actual outcomes could differ from those estimates.


4.


Employees

2024
2023
£
£

Wages and salaries
18,552
27,353

18,552
27,353


The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


5.


Debtors

2024
2023
£
£


Other debtors
185,944
171,974

185,944
171,974



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
4,958
29,660

4,958
29,660



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
46,568
31,404

46,568
31,404


Page 4

 
BROADFIELDS 12 LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

8.


Related party transactions

Broadfields 12 Limited is a corporate member of Scotch Partners LLP. Included in other debtors is an amount due from the LLP of £185,844 (2023: £171,874). 
 

 
Page 5