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Registration number: 01368073

Broomfield Hall Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Broomfield Hall Limited
(Registration number: 01368073)

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Broomfield Hall Limited
(Registration number: 01368073)

Company Information

Directors

G M Leates

P M Edmunds

Registered office

Sheepcotes Farm
Little Waltham
Chelmsford
Essex
CM3 3LU

Registered number

01368073

 

Broomfield Hall Limited
(Registration number: 01368073)

Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed Assets

 

Tangible Assets

4

235,329

235,329

Current assets

 

Stocks

5

32,691

43,577

Debtors

6

100,747

69,168

Cash at bank and in hand

 

630

840

 

134,068

113,585

Creditors: Amounts falling due within one year

7

(37,608)

(7,296)

Net current assets

 

96,460

106,289

Total assets less current liabilities

 

331,789

341,618

Creditors: Amounts falling due after more than one year

7

(2,569)

(2,569)

Net assets

 

329,220

339,049

Capital and Reserves

 

Called up share capital

100,000

100,000

Share premium reserve

25,902

25,902

Retained Earnings

203,318

213,147

Shareholders' funds

 

329,220

339,049

 

Broomfield Hall Limited
(Registration number: 01368073)

Balance Sheet as at 30 April 2024

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 January 2025 and signed on its behalf by:
 

.........................................
P M Edmunds
Director

 

Broomfield Hall Limited
(Registration number: 01368073)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Sheepcotes Farm
Little Waltham
Chelmsford
Essex
CM3 3LU
United Kingdom

These financial statements were authorised for issue by the Board on 23 January 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing
rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Broomfield Hall Limited
(Registration number: 01368073)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

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

Tangible Assets

Tangible fixed assets comprise freehold land which is held at cost and not depreciated.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Broomfield Hall Limited
(Registration number: 01368073)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Tangible Assets

Land and buildings
£

Total
£

Cost or valuation

At 1 May 2023

235,329

235,329

At 30 April 2024

235,329

235,329

Depreciation

Carrying amount

At 30 April 2024

235,329

235,329

At 30 April 2023

235,329

235,329

Included within the net book value of land and buildings above is £235,329 (2023 - £235,329) in respect of freehold land and buildings.
 

5

Stocks

2024
£

2023
£

Work in progress

32,691

43,577

6

Debtors

Note

2024
£

2023
£

Amounts owed by related parties

333

333

Other debtors

 

100,414

68,835

 

100,747

69,168

The directors have reviewed trade debtors for impairment and consider the impairment losses to be provided for the year are £Nil (2023 - £Nil)

All amounts are due within one year.

 

Broomfield Hall Limited
(Registration number: 01368073)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade Creditors

33,691

-

Taxation and social security

-

3,539

Accruals and deferred income

2,917

2,757

Other creditors

1,000

1,000

37,608

7,296

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Other non-current financial liabilities

2,569

2,569