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REGISTERED NUMBER: 01369893 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

BROC Limited

BROC Limited (Registered number: 01369893)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BROC Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: R Street
Mrs J Street





SECRETARY: R Haydon





REGISTERED OFFICE: Hermes House
Fire Fly Avenue
Swindon
Wiltshire
SN2 2GA





REGISTERED NUMBER: 01369893 (England and Wales)

BROC Limited (Registered number: 01369893)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 450,000 450,000

CURRENT ASSETS
Debtors 5 3,544 2,613
Cash at bank 162,408 151,420
165,952 154,033
CREDITORS
Amounts falling due within one year 6 28,890 12,018
NET CURRENT ASSETS 137,062 142,015
TOTAL ASSETS LESS CURRENT
LIABILITIES

587,062

592,015

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 134,234 134,234
Retained earnings 452,728 457,681
SHAREHOLDERS' FUNDS 587,062 592,015

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 June 2025 and were signed on its behalf by:





Mrs J Street - Director


BROC Limited (Registered number: 01369893)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

BROC Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements are prepared on a going concern basis, under the historical cost convention, as modified by the revaluation of land and buildings and certain financial assets and liabilities measured at fair value through profit or loss.

The financial statements are presented in sterling which is the functional currency of the company.

Revenue recognition
Turnover is measured at the fair value of of rent receivable, excluding value added tax, which is derived from commercial property situated in the United Kingdom.

The Company recognises revenue when the following conditions are satisfied:
i. the amount of revenue can be measured reliably.
ii. it is probable that the economic benefits associated with the transactions can be measured reliably.

Where payments are received from tenants in advance of the relevant rent period, the amounts are recorded as deferred income and included as part of creditors due within one year. Where money is owed by tenants, the amounts are recorded as trade debtors due within one year.

Interest receivable is recognised in the period it relates to. Amounts due to the company are included as accrued income in debtors less than one year.

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
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.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in the profit and loss account unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

BROC Limited (Registered number: 01369893)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Cash and cash equivalent
Cash and cash equivalents includes cash in hand, deposits held at call with banks and other short-term highly liquid investments with original maturities of three months or less.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Distributions to equity holders
Dividends and other distributions to company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the company's shareholders.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2024
and 31 December 2024 450,000
NET BOOK VALUE
At 31 December 2024 450,000
At 31 December 2023 450,000

Fair value at 31 December 2024 is represented by:
£   
Valuation in 2011 155,849
Valuation in 2014 278,385
Valuation in 2015 (250,000 )
Valuation in 2021 (50,000 )
Cost 315,766
450,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 315,766 315,766

The investment property was valued on an open market basis on 31 December 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,776 973
Prepayments 1,768 1,640
3,544 2,613

BROC Limited (Registered number: 01369893)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 3,529 6,862
Social security and other taxes 1,743 1,368
Other creditors 20,188 -
Accrued expenses 3,430 3,788
28,890 12,018