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REGISTERED NUMBER: 04222219 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

BROAD OAK MANOR DEVELOPMENTS LIMITED

BROAD OAK MANOR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04222219)

CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROAD OAK MANOR DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTOR: Mr L V Adams





REGISTERED OFFICE: Broad Oak Manor
Broad Oak End
Bramfield Road
Hertford
Hertfordshire
SG14 2JA





REGISTERED NUMBER: 04222219 (England and Wales)





ACCOUNTANTS: Thorne Lancaster Parker
5th Floor
Palladium House
1-4 Argyll Street
London
W1F 7TA

BROAD OAK MANOR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04222219)

BALANCE SHEET
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Property, plant and equipment 5 39,137 45,306

CURRENT ASSETS
Debtors 6 1,772,457 1,114,853
Cash at bank 341,055 1,014,448
2,113,512 2,129,301
CREDITORS
Amounts falling due within one year 7 (660,783 ) (671,531 )
NET CURRENT ASSETS 1,452,729 1,457,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,491,866

1,503,076

PROVISIONS FOR LIABILITIES 8 (9,500 ) (8,000 )
NET ASSETS 1,482,366 1,495,076

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,482,266 1,494,976
SHAREHOLDERS' FUNDS 1,482,366 1,495,076

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BROAD OAK MANOR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04222219)

BALANCE SHEET - continued
30 September 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 director and authorised for issue on 25 June 2025 and were signed by:





Mr L V Adams - Director


BROAD OAK MANOR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04222219)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Broad Oak Manor Developments 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.

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


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue is recognised at the fair value of the consideration received or receivable for sale of goods to external customers in the ordinary nature of the business. The fair value of the consideration takes into account trade discounts, settlement discounts and volume rebate.

Revenue is the total amount, excluding value added tax, receivable by the company in the ordinary course of business for the services provided as a principal.

Profits on sale of properties are taken into account on legal completion of the sale of each property.

Renewal income is credited to the profit and loss account over a period of seven years, to reflect the expected costs to be incurred in relation to the repairs and maintenance of the properties. The costs in relation to the repairs and maintenance are charged to the profit and loss account as incurred.

Amounts in relation to compensation income are released to the profit and loss account in accordance with the expected costs.

Property plant and equipment
Property, plant and equipment are stated at cost (or deemed cost) less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price, costs directly attributable to bringing the asset to its working condition for its intended use, dismantling and restoration initially recorded at cost.

Leasehold improvements10 years
Plant and machinery10 years


The carrying values of property plant and equipment are reviewed for impairment when events or changes in circumstances indicate the carrying value may not be recoverable.

BROAD OAK MANOR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04222219)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


3. ACCOUNTING POLICIES - continued

Financial instruments
The company has chosen to adopt Section 11 of FRS 102 in respect of financial instruments as it has only basic financial instruments.

a) Basic financial assets
Trade debtors, loans to related companies, other debtors and bank balances, which are due within one year are initially recognised at transaction price and subsequently carried at amortised cost being the transaction price less any amounts settled and any impairment losses.

At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

b) Basic financial liabilities
Financial liabilities are classified as liabilities and equity instruments according to the substance of the contractual arrangements entered into an equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Trade creditors, other creditors loans from related companies are initially recognised at transaction price and subsequently carried at amortised cost, being transaction price less any amounts settled.

Bank overdrafts and invoice discounting facility are presented within creditors: amounts falling due within one year.

Other loans are initially recognised at the transaction price, including transaction costs and subsequently measured at amortised cost using the effective interest method. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and other similar charges.

Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired.

c) Equity instruments
The ordinary share capital of the company is classified as equity and recorded at fair value of the cash or other resources received or receivable, net of direct costs of issuing the equity instruments.


BROAD OAK MANOR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04222219)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


3. 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.

Cash and cash equivalents
Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with an original maturity date of three months or less.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. PROPERTY, PLANT AND EQUIPMENT
Improvements
to Plant and
property machinery Totals
£    £    £   
COST
At 1 October 2023 206,959 124,944 331,903
Additions - 5,150 5,150
At 30 September 2024 206,959 130,094 337,053
DEPRECIATION
At 1 October 2023 206,959 79,638 286,597
Charge for year - 11,319 11,319
At 30 September 2024 206,959 90,957 297,916
NET BOOK VALUE
At 30 September 2024 - 39,137 39,137
At 30 September 2023 - 45,306 45,306

BROAD OAK MANOR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04222219)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 940 949
Amounts owed by related undertakings 624,209 30,000
Other loans 964,105 964,107
Other debtors 45,004 101,618
Directors' current accounts 134,004 14,381
Prepayments and accrued income 4,195 3,798
1,772,457 1,114,853

Amounts owed by related undertakings are unsecured, interest free, have no fixed date of repayment and are repayable on demand.

Amounts owed by the director is unsecured, has no fixed date of repayment and is repayable on demand.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 254 53
Corporation tax 45,680 10,001
Accruals and deferred income 614,849 661,477
660,783 671,531

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 9,500 8,000

Deferred
tax
£   
Balance at 1 October 2023 8,000
Provided during year 1,500
Balance at 30 September 2024 9,500

BROAD OAK MANOR DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04222219)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mr L V Adams
Balance outstanding at start of year 14,381 21,057
Amounts advanced 124,631 -
Amounts repaid (5,008 ) (6,676 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 134,004 14,381

10. RELATED PARTY DISCLOSURES

In the year to 30 September 2024 the director Mr L V Adams charged the company £7,200 as establishment overheads.


Moomoo Cowes Limited
Mr L V Adams is a director and a controlling shareholder of Moomoo Cowes Limited, a company registered in England and Wales. During the year the company provided a loan of £377,000 to Moomoo Cowes Limited and this amount is interest free and repayable on demand. At 30 September 2024, the company were owed £377,000 in respect of the above.

Huddle Victualling Limited
Mr L V Adams is a director and a controlling shareholder of Huddle Victualling Limited, a company registered in England and Wales. During the year the company provided a loan of £247,209 to Huddle Victualling Limited and this amount is interest free and repayable on demand. At 30 September 2024, the company were owed £247,209 in respect of the above.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr L V Adams.