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REGISTERED NUMBER: 09824900 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BROADWATER ESTATES LTD

BROADWATER ESTATES LTD (REGISTERED NUMBER: 09824900)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Balance sheet 1

Notes to the financial statements 2


BROADWATER ESTATES LTD (REGISTERED NUMBER: 09824900)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 547 643
Investments 5 925,000 -
Investment property 6 750,000 750,000
1,675,547 750,643

Current assets
Debtors 7 106,566 4,939
Cash at bank 214,335 252,068
320,901 257,007
Creditors
Amounts falling due within one year 8 25,427 21,083
Net current assets 295,474 235,924
Total assets less current liabilities 1,971,021 986,567

Provisions for liabilities 9 107,203 107,227
Net assets 1,863,818 879,340

Capital and reserves
Called up share capital 10 100 100
Retained earnings 1,863,718 879,240
Shareholders' funds 1,863,818 879,340

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 March 2025 and were signed by:



Mrs J Mayer - Director


BROADWATER ESTATES LTD (REGISTERED NUMBER: 09824900)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. Statutory information

Broadwater Estates Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 09824900. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 37 Alyth Road, Talbot Woods, Bournemouth, Dorset, BH3 7DG.

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.

Turnover
Turnover represents amounts receivable in respect of rental income received in the ordinary course of business. Turnover is recognised on a straight line basis over the rental term of the property.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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.

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.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

BROADWATER ESTATES LTD (REGISTERED NUMBER: 09824900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 October 2023
and 30 September 2024 1,061 416 1,477
Depreciation
At 1 October 2023 772 62 834
Charge for year 43 53 96
At 30 September 2024 815 115 930
Net book value
At 30 September 2024 246 301 547
At 30 September 2023 289 354 643

5. Fixed asset investments
Interest
in joint
venture
£   
Cost
Additions 925,000
At 30 September 2024 925,000
Net book value
At 30 September 2024 925,000

6. Investment property
Total
£   
Fair value
At 1 October 2023
and 30 September 2024 750,000
Net book value
At 30 September 2024 750,000
At 30 September 2023 750,000

The Investment property was valued by the director at 30 September 2024 at market value, based on similar properties in the area and prevailing market conditions.

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 3,600 4,800
Directors' current accounts 91,305 -
Prepayments and accrued income 11,661 139
106,566 4,939

BROADWATER ESTATES LTD (REGISTERED NUMBER: 09824900)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 38 -
Tax 19,850 9,152
VAT 3,929 3,742
Directors' current accounts - 6,654
Accruals and deferred income 1,610 1,535
25,427 21,083

9. Provisions for liabilities
2024 2023
£    £   
Deferred tax 107,203 107,227

Deferred
tax
£   
Balance at 1 October 2023 107,227
Credit to Income statement during year (24 )
Balance at 30 September 2024 107,203

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mrs J Mayer
Balance outstanding at start of year - -
Amounts advanced 91,305 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 91,305 -

At the balance sheet date, the director owed the company £91,305 disclosed within debtors. The loan was fully repaid within 9 months of the year end.

12. Ultimate controlling party

The company is controlled by the director, Mrs J Mayer, by virtue of her 100% ownership of the issued share capital.