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REGISTERED NUMBER: 01432164 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 JUNE 2024

FOR

D.J. BROADY (PROPERTIES) LIMITED

D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 June 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


D.J. BROADY (PROPERTIES) LIMITED

COMPANY INFORMATION
for the Year Ended 28 June 2024







DIRECTORS: T D Broady
Mrs S M Broady
Mrs L Hunter





SECRETARY: T D Broady





REGISTERED OFFICE: St Annes
23 Ings Lane
Dunswell
Hull
HU6 0AL





REGISTERED NUMBER: 01432164 (England and Wales)





ACCOUNTANTS: Sowerby
Chartered Accountants
Beckside Court
Annie Reed Road
Beverley
East Yorkshire
HU17 0LF

D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

BALANCE SHEET
28 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,493 24,631
Investment property 5 580,000 1,035,000
689,493 1,059,631

CURRENT ASSETS
Debtors 6 37,822 21,783
Cash at bank 170,859 22,965
208,681 44,748
CREDITORS
Amounts falling due within one year 7 397,602 419,671
NET CURRENT LIABILITIES (188,921 ) (374,923 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

500,572

684,708

CREDITORS
Amounts falling due after more than one year 8 - 2,104
NET ASSETS 500,572 682,604

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10 500,472 682,504
500,572 682,604

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 June 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.

D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

BALANCE SHEET - continued
28 June 2024


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 20 June 2025 and were signed on its behalf by:





Mrs L Hunter - Director


D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 June 2024


1. STATUTORY INFORMATION

D.J. Broady (Properties) Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at St Annes, 23 Ings Lane, Dunswell Hull, North Humberside, HU6 0AL.

The principal activity of the company is letting real estate.

The presentational currency of the financial statements is Pound Sterling (£).

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 as modified by the revaluation of certain assets.

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Turnover
Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

All sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on a reducing balance basis

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.


D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 June 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

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

D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 June 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 29 June 2023 98,185 - 98,185
Additions - 99,781 99,781
At 28 June 2024 98,185 99,781 197,966
DEPRECIATION
At 29 June 2023 73,554 - 73,554
Charge for year 3,694 11,225 14,919
At 28 June 2024 77,248 11,225 88,473
NET BOOK VALUE
At 28 June 2024 20,937 88,556 109,493
At 28 June 2023 24,631 - 24,631

The net book value of tangible fixed assets includes £ 9,373 (2023 - £ 11,027 ) in respect of assets held under hire purchase contracts.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 29 June 2023 1,035,000
Disposals (455,000 )
At 28 June 2024 580,000
NET BOOK VALUE
At 28 June 2024 580,000
At 28 June 2023 1,035,000

The properties were valued on an open market basis on the 28th June, 2024 by the company's directors.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,618 481
Directors' loan accounts 35,204 21,302
37,822 21,783

D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 June 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 7,199
Hire purchase contracts 1,731 3,462
Trade creditors 20,508 26,757
Tax 4,692 11,525
Social security and other taxes 2,054 2,111
Amount owed to related undertakings 368,617 368,617
397,602 419,671

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loan - 373
Hire purchase contracts - 1,731
- 2,104

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 7,572
Hire purchase contracts 1,731 5,193
1,731 12,765

10. RESERVES
Retained
earnings
£   

At 29 June 2023 682,504
Profit for the year 57,462
Dividends (40,000 )
Property revaluation (199,494 )
At 28 June 2024 500,472

D.J. BROADY (PROPERTIES) LIMITED (REGISTERED NUMBER: 01432164)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 June 2024


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 June 2024 and 28 June 2023:

2024 2023
£    £   
T D Broady
Balance outstanding at start of year 21,302 8,971
Amounts advanced 57,722 33,402
Amounts repaid (11,820 ) (21,071 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 67,204 21,302

12. RELATED PARTY DISCLOSURES

T D Broady is a shareholder, and director, of Codeport Limited

Throughout the period under review loan relationships existed with the company.

The balance outstanding on the loan at the year end was £368,617 (2023- £368,617).


13. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T D Broady.