Company Registration No. 12666240 (England and Wales)
BROMSHOLD LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
BROMSHOLD LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
BROMSHOLD LTD
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment property
4
90,000
90,000
Current assets
Cash at bank and in hand
496
9,847
Creditors: amounts falling due within one year
5
(30,183)
(41,745)
Net current liabilities
(29,687)
(31,898)
Total assets less current liabilities
60,313
58,102
Creditors: amounts falling due after more than one year
6
(51,284)
(51,284)
Net assets
9,029
6,818
Capital and reserves
Called up share capital
1
1
Other reserves
14,709
14,709
Profit and loss reserves
(5,681)
(7,892)
Total equity
9,029
6,818

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

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 17 June 2025 and are signed on its behalf by:
Mr E J Bromley-Hall
Miss Louise Bromley-Hall
Director
Director
Company registration number 12666240 (England and Wales)
BROMSHOLD LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 2 -
1
Accounting policies
Company information

Bromshold Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 9 Hopewell Street, Cropwell Bishop, Nottingham, Nottinghamshire, NG12 3JZ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention

1.2
Turnover

Turnover is measured at the fair value of the consideration received. The policies adopted for the recognition of turnover are as follows:

Turnover from the rental of property is recognised when money is received.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.5
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.6
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

BROMSHOLD LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 3 -
2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
2
2
4
Investment property
2024
£
Fair value
At 1 July 2023 and 30 June 2024
90,000

Investment property comprises of a residential property at 75 Newton Street, Mansfield. The fair value of the investment property has been arrived on the basis of a valuation carried out at 30 June 2024 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5
Creditors: amounts falling due within one year
2024
2023
£
£
Other borrowings
1,824
3,165
Other creditors
27,209
37,500
Accruals and deferred income
1,150
1,080
30,183
41,745
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
51,284
51,284

The long-term loans are secured by fixed charges over 75 Newton Street, Mansfield.

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