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COMPANY REGISTRATION NUMBER: 11754746
Broadwing (Warple Way) Limited
Filleted Unaudited Financial Statements
For the period ended
31 December 2024
Broadwing (Warple Way) Limited
Financial Statements
Period from 1 February 2024 to 31 December 2024
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
Broadwing (Warple Way) Limited
Officers and Professional Advisers
THE BOARD OF DIRECTORS
I Ezekiel
B Keenan
COMPANY SECRETARY
B Keenan
REGISTERED OFFICE
Ecen Suite 43 Enterprise Centre
Warth Park
Michael Way
Raunds
Northants
NN9 6GR
ACCOUNTANTS
Streets
Chartered accountants
ECEN
Warth Park
Northamptonshire
NN9 6GR
Broadwing (Warple Way) Limited
Statement of Financial Position
31 December 2024
31 Dec 24
31 Jan 24
Note
£
£
Fixed assets
Investments
4
2
Current assets
Debtors
5
456,758
473,112
Creditors: amounts falling due within one year
6
620,990
622,213
----------
----------
Net current liabilities
164,232
149,101
----------
----------
Total assets less current liabilities
( 164,230)
( 149,101)
Creditors: amounts falling due after more than one year
7
42,259
42,331
----------
----------
Net liabilities
( 206,489)
( 191,432)
----------
----------
Capital and reserves
Called up share capital
1
1
Profit and loss account
( 206,490)
( 191,433)
----------
----------
Shareholders deficit
( 206,489)
( 191,432)
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Broadwing (Warple Way) Limited
Statement of Financial Position (continued)
31 December 2024
These financial statements were approved by the board of directors and authorised for issue on 1 August 2025 , and are signed on behalf of the board by:
B Keenan
Director
Company registration number: 11754746
Broadwing (Warple Way) Limited
Notes to the Financial Statements
Period from 1 February 2024 to 31 December 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Ecen Suite 43 Enterprise Centre, Warth Park, Michael Way, Raunds, Northants, NN9 6GR.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Investments
Shares in group undertakings
£
Cost
At 1 February 2024
Additions
2
----
At 31 December 2024
2
----
Impairment
At 1 February 2024 and 31 December 2024
----
Carrying amount
At 31 December 2024
2
----
At 31 January 2024
----
5. Debtors
31 Dec 24
31 Jan 24
£
£
Other debtors
456,758
473,112
----------
----------
6. Creditors: amounts falling due within one year
31 Dec 24
31 Jan 24
£
£
Other creditors
620,990
622,213
----------
----------
7. Creditors: amounts falling due after more than one year
31 Dec 24
31 Jan 24
£
£
Bank loans and overdrafts
42,259
42,331
--------
--------
8. Related party transactions
At the reporting date the company owed its parent company, Broadwing Properties Limited, the sum of £228,432 (31.01.2024 £228,432). There are no fixed repayment terms on the loan and no interest has been charged. At the reporting date the company was due the sum of £198,395 (31.01.2024 £198,395) from another group company, Broadwing (63 Selcroft Road) Limited. There are no fixed repayment terms on the loan and no interest has been charged. At the reporting date the company was due from its subsidiary company, Broadwing Leasehold Warple Way Limited, the sum of £451,440 (31.01.2024 £460,844). There are no fixed repayment terms on the loan and no interest has been charged. At the reporting date the company was due from its subsidiary company, Broadwing Management Warple Way Limited, the sum of £318 (31.01.2024 £7,268). There are no fixed repayment terms on the loan and no interest has been charged