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Registered number: 00544679










HOUNSLOW BROADWAY MOTORS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
HOUNSLOW BROADWAY MOTORS LIMITED
REGISTERED NUMBER: 00544679

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
2,700,000
2,700,000

  
2,700,000
2,700,000

Current assets
  

Debtors: amounts falling due within one year
 5 
597,815
547,455

Cash at bank and in hand
 6 
34,704
14,277

  
632,519
561,732

Creditors: amounts falling due within one year
 7 
(40,899)
(37,206)

Net current assets
  
 
 
591,620
 
 
524,526

Total assets less current liabilities
  
3,291,620
3,224,526

Provisions for liabilities
  

Deferred tax
  
(637,802)
(637,802)

Net assets
  
2,653,818
2,586,724


Capital and reserves
  

Called up share capital 
  
10,000
10,000

Profit and loss account - non-distributable
  
2,019,698
2,019,698

Profit and loss account
  
624,120
557,026

  
2,653,818
2,586,724


Page 1

 
HOUNSLOW BROADWAY MOTORS LIMITED
REGISTERED NUMBER: 00544679
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

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 statement of comprehensive income 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: 



................................................
E A Sennitt
Director

Date: 22 May 2025

The notes on pages 4 to 7 form part of these financial statements.

Page 2

 
HOUNSLOW BROADWAY MOTORS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 AUGUST 2024


Called up share capital
Profit and loss account - non-distributable
Profit and loss account
Total equity

£
£
£
£


At 1 September 2022
10,000
2,657,500
(151,253)
2,516,247



Profit for the year
-
-
70,477
70,477

Investment property revaluation movement on gains
-
(637,802)
637,802
-



At 1 September 2023
10,000
2,019,698
557,026
2,586,724



Profit for the year
-
-
67,094
67,094


At 31 August 2024
10,000
2,019,698
624,120
2,653,818


The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
HOUNSLOW BROADWAY MOTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Hounslow Broadway Motors Limited is a private limited company limited by shares incorporated in England and Wales. The registered office is 10 Queen Street Place, London, EC4R 1AG and its registration number is 00544679.

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

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.4

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.5

Creditors

Short-term creditors are measured at the transaction price.

Page 4

 
HOUNSLOW BROADWAY MOTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.6

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.8

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.9

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the statement of comprehensive income.

  
2.10

Debtors

Short term debtors are measured at transaction price, less any impairment.

Page 5

 
HOUNSLOW BROADWAY MOTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

  
2.11

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).


4.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
2,700,000



At 31 August 2024
2,700,000



The 2024 valuations were made by Directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
42,500
42,500


5.


Debtors

2024
2023
£
£


Amounts owed by group undertakings
597,815
547,455


Page 6

 
HOUNSLOW BROADWAY MOTORS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

6.


Cash

2024
2023
£
£

Cash at bank and in hand
34,704
14,277



7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
720
360

Corporation tax
21,631
19,038

Other taxation and social security
4,765
4,241

Accruals and deferred income
13,783
13,567

40,899
37,206



8.


Controlling party

The company is a wholly owned subsidiary of Oakwater Limited, a company incorporated in England and Wales. 
The Directors consider that G S Hall Family Trust is the ultimate controlling party.

 
Page 7