Bromley Business Centre (Holdings) Ltd. - Accounts to registrar (filleted)

REGISTERED NUMBER: 00674931 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

BROMLEY BUSINESS CENTRE (HOLDINGS) LTD.

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

Mr D M Garmson

Mr L D Williams

REGISTERED OFFICE:

Willow Walk Business Centre

10 Willow Walk, Off Starts Hill Road

Orpington

Kent

BR6 7AA

REGISTERED NUMBER:

00674931 (England and Wales)

ACCOUNTANTS:

Acuity Professional Partnership LLP

Unit 2.02 High Weald House,

Glovers End

Bexhill

East Sussex

United Kingdom

TN39 5ES

FIXED ASSETS

Tangible assets

4

39,709

35,339

Investments

5

-

107,430

Investment property

6

7,452,661

7,492,370

7,595,430

CURRENT ASSETS

Debtors

7

407,619

428,200

Cash at bank and in hand

108,347

1,790,815

515,966

2,219,015

CREDITORS

Amounts falling due within one year

8

310,464

407,083

NET CURRENT ASSETS

205,502

1,811,932

TOTAL ASSETS LESS CURRENT
LIABILITIES

7,697,872

9,407,362

PROVISIONS FOR LIABILITIES

881,111

NET ASSETS

6,816,761

8,526,251

CAPITAL AND RESERVES

Called up share capital

9

2,300

Other reserve

2,643,334

Special reserve

-

107,430

Retained earnings

4,171,127

5,773,187

SHAREHOLDERS' FUNDS

6,816,761

8,526,251

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 3 September 2025 and were signed on its behalf by:

Mr L D Williams - Director

1.	STATUTORY INFORMATION

Bromley Business Centre (Holdings) Ltd. 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.	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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES

In preparing the financial statements, the directors are required to make estimates and judgments about the carrying amounts of assets and liabilities. The estimates and assumptions are reviewed on an ongoing basis and are based on historical experience and other factors that are considered by the directors to be relevant. Revision to accounting estimates are recognised in the period in which the estimate is revised.

TURNOVER

Turnover represents the value, net of value added tax and discounts, of goods provided to the customers and work carried out in respect of services provided to the customers.

TANGIBLE FIXED ASSETS

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

10% on cost

Fixtures and fittings

-

10% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

10% on cost

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.

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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

DEBTORS

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

CREDITORS

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method

FINANCIAL INSTRUMENTS

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset , with the net amounts presented in the financial statements , when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified 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.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payment ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors greater than one year are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

Cost

At 1 January 2024

48,539

100,648

2,298

18,461

169,946

Additions

-

10,647

-

10,647

Disposals

(42,709

)

(60,805

)

-

(11,776

)

(115,290

)

At 31 December 2024

5,830

50,490

2,298

6,685

65,303

Depreciation

At 1 January 2024

43,292

71,424

2,298

17,593

134,607

Charge for year

583

5,576

-

118

6,277

Eliminated on disposal

(42,709

)

(60,805

)

-

(11,776

)

(115,290

)

At 31 December 2024

1,166

16,195

2,298

5,935

25,594

Net book value

At 31 December 2024

4,664

34,295

-

750

39,709

At 31 December 2023

5,247

29,224

-

868

35,339

5.	FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:

2024

2023

£

New Tudor LLP

-

107,430

6.	INVESTMENT PROPERTY

Total

£

Cost or valuation

At 1 January 2024

and 31 December 2024

7,452,661

Net book value

At 31 December 2024

7,452,661

At 31 December 2023

7,452,661

Cost or valuation at 31 December 2024 is represented by:

£

Valuation in 2022

1,216,854

Cost

6,235,807

7,452,661

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

32,277

53,370

Amounts owed by group undertakings

364,777

363,081

Other debtors

10,565

11,749

407,619

428,200

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade creditors

16,201

12,374

Taxation and social security

99,915

73,416

Other creditors

194,348

321,293

310,464

407,083

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

2,300

Ordinary

£1

2,300