Company registration number: 11599479
Unaudited financial statements
for the year ended 31 December 2024
for
Royle Broadlands Limited
Pages for filing with the Registrar
Company registration number: 11599479
Royle Broadlands Limited
Balance sheet
as at 31 December 2024
31 Dec 24 31 Dec 23
Note £ £ £ £
Fixed assets
Intangible assets 4 100,000 125,000
Tangible assets 5 14,642 15,429
114,642 140,429
Current assets
Prepayments and accrued income 840 732
Cash at bank and in hand 68,608 15,556
69,448 16,288
Creditors: amounts falling due within one
year 		(26,570) (40,046)
Net current assets/(liabilities) 42,878 (23,758)
Total assets less current liabilities 157,520 116,671
Creditors: Amounts falling due after more
than one year 		6 (98,285) (59,067)
Provisions for liabilities (1,729) (1,801)
NET ASSETS 57,506 55,803
Capital and reserves
Called up share capital 100 100
Profit and loss account 57,406 55,703
TOTAL EQUITY 57,506 55,803
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 December 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 11599479
Royle Broadlands Limited
Balance sheet - continued
as at 31 December 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 Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 9 September 2025 and signed on its behalf by:
Mr A Royle, Director
9 September 2025
2
Royle Broadlands Limited
Notes to the financial statements
for the year ended 31 December 2024
1 Company information
Royle Broadlands Limited is a private company registered in England and Wales. Its registered number is 11599479. The company is limited by shares. Its registered office is 132 Bray Fellows Road, London, NW3 3JT.
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 historic cost convention.
Presentation currency
The company's financial statements are presented in sterling.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Goodwill - Goodwill is the difference between amounts paid on the
acquisition of a business and the fair value of
the separable net assets. It is amortised to profit and
loss account over its estimated economic life of 10
years.
3
Royle Broadlands Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
2 Accounting policies - continued
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 etc.:
Fixtures & fittings - 20% reducing balance
Computer equipment - 20% reducing balance
Taxation
Taxation for the year comprises current and deferred taxation. Tax is recognised in the Profit and loss account, 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 taxation
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 been enacted or substantively enacted by the balance sheet date 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 probably that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
4 Intangible assets
Goodwill
£
Cost
At 1 January 2024 250,000
At 31 December 2024 250,000
4
Royle Broadlands Limited
Notes to the financial statements - continued
for the year ended 31 December 2024
4 Intangible assets - continued
Amortisation
At 1 January 2024 125,000
Charge for year 25,000
At 31 December 2024 150,000
Net book value
At 31 December 2024 100,000
At 31 December 2023 125,000
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 January 2024 45,076
Additions 2,299
At 31 December 2024 47,375
Depreciation
At 1 January 2024 29,647
Charge for year 3,086
At 31 December 2024 32,733
Net book value
At 31 December 2024 14,642
At 31 December 2023 15,429
6 Creditors: amounts falling due after more than five years
31 Dec 24 31 Dec 23
£ £
Repayable otherwise than by instalments
Other creditors 98,285 59,067
5