3 3 20 Broadway Ltd NI653875 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is holding of investment property Digita Accounts Production Advanced 6.30.9574.0 true NI653875 2023-07-01 2024-06-30 NI653875 2024-06-30 NI653875 bus:OrdinaryShareClass1 2024-06-30 NI653875 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 NI653875 core:Non-currentFinancialInstruments 2024-06-30 NI653875 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 NI653875 bus:SmallEntities 2023-07-01 2024-06-30 NI653875 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 NI653875 bus:FilletedAccounts 2023-07-01 2024-06-30 NI653875 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 NI653875 bus:RegisteredOffice 2023-07-01 2024-06-30 NI653875 bus:Director1 2023-07-01 2024-06-30 NI653875 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 NI653875 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 NI653875 countries:NorthernIreland 2023-07-01 2024-06-30 NI653875 2023-06-30 NI653875 2022-07-01 2023-06-30 NI653875 2023-06-30 NI653875 bus:OrdinaryShareClass1 2023-06-30 NI653875 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 NI653875 core:Non-currentFinancialInstruments 2023-06-30 NI653875 core:Non-currentFinancialInstruments core:AfterOneYear 2023-06-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: NI653875

20 Broadway Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

20 Broadway Ltd

(Registration number: NI653875)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

131,402

131,402

Creditors: due within one year

5

(2,850)

(2,850)

Total assets less current liabilities

 

128,552

128,552

Creditors: due after more than one year

5

(124,645)

(124,795)

Net assets

 

3,907

3,757

Capital and reserves

 

Called up share capital

7

120

120

Retained earnings

3,787

3,637

Shareholders' funds

 

3,907

3,757

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

Director's 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 director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 1 July 2024
 

.........................................
Mr Peter Stevenson
Director

 

20 Broadway Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in Northern Ireland.

The address of its registered office is: 22 Broadway Avenue, Ballymena, County Antrim, BT43 7AA.

These financial statements were authorised for issue by the director on 1 July 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

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).

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

Rental income is recognised on a straight-line basis over the lease term. The aggregate cost of lease incentives are initially held on the balance sheet and released to the profit and loss account on a straight-line basis over the lease term.

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. 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.

Investment property

Investment properties are initially measured at cost. Cost comprises the purchase price and any directly attributable expenditure including fees, taxes and other transaction costs. Direct costs initially incurred in arranging a lease are included in the cost of the property and subsequently expensed over the lease term. Investment properties are measured at fair value at each reporting date with any changes in fair value recognised in the profit and loss account.

 

20 Broadway Ltd

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

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

4

Investment properties

2024
£

At 1 July 2019

131,402

At 30 June 2020

131,402

5

Creditors: due within one year

2024
£

2023
£

Other creditors

2,850

2,850

 

20 Broadway Ltd

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

6

Creditors: due after more than one year

2024
£

2023
£

Other borrowings

124,645

124,795

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £1 each

120

120

120

120