| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| BROADWELL FINANCE LIMITED |
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 |
| FOR |
| BROADWELL FINANCE LIMITED |
| BROADWELL FINANCE LIMITED (REGISTERED NUMBER: 02353533) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| BROADWELL FINANCE LIMITED (REGISTERED NUMBER: 02353533) |
| BALANCE SHEET |
| 31 DECEMBER 2024 |
| 31.12.24 | 31.12.23 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| BROADWELL FINANCE LIMITED (REGISTERED NUMBER: 02353533) |
| BALANCE SHEET - continued |
| 31 DECEMBER 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| BROADWELL FINANCE LIMITED (REGISTERED NUMBER: 02353533) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 1. | STATUTORY INFORMATION |
| Broadwell Finance Limited is a private company, limited by shares, registered in England and Wales, registered number 02353533. Its registered office is 1 Church Road, Brewood, Staffordshire, ST19 9BT. |
| The financial statements are presented in Sterling, which is the functional currency of the company |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Investments in associates |
| Investments in associated undertakings are recognised at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account. |
| Listed investments |
| Listed investments are included at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss account. |
| Financial instruments |
| Basic financial asses and liabilities, including trade and other debtors and creditors, bank loans and other loans are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts or payments discounted at a market rate of interest. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| BROADWELL FINANCE LIMITED (REGISTERED NUMBER: 02353533) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 DECEMBER 2024 |
| 4. | FIXED ASSET INVESTMENTS |
| Interest |
| in | Other |
| associate | investments | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 January 2024 | 1,510,705 |
| Additions | - | 136,292 |
| Disposals | - | ( |
) | (116,998 | ) |
| Revaluations | 360,339 |
| At 31 December 2024 | 1,890,338 |
| NET BOOK VALUE |
| At 31 December 2024 | 1,890,338 |
| At 31 December 2023 | 1,510,705 |
| Cost or valuation at 31 December 2024 is represented by: |
| Interest |
| in | Other |
| associate | investments | Totals |
| £ | £ | £ |
| Valuation in 2019 | - | 72,702 | 72,702 |
| Valuation in 2020 | 141,755 | - | 141,755 |
| Valuation in 2021 | 200,085 | 266,574 | 466,659 |
| Valuation in 2022 | 33,260 | (118,505 | ) | (85,245 | ) |
| Valuation in 2023 | 113,203 | 66,661 | 179,864 |
| Valuation in 2024 | 243,813 | 123,041 | 366,854 |
| Cost | 546,683 | 201,066 | 747,749 |
| 1,278,799 | 611,539 | 1,890,338 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Bank loans and overdrafts |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.24 | 31.12.23 |
| £ | £ |
| Bank loans |