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Company Registration No. 13460875 (England and Wales)
BROADWATER WORTHING LIMITED Unaudited accounts for the year ended 31 December 2024
BROADWATER WORTHING LIMITED Statement of financial position as at 31 December 2024
2024
2023
Notes
£
£
Fixed assets
Investment property
4
14,725,000
14,565,000
Current assets
Debtors
5
99,343
331,389
Cash at bank and in hand
187,432
213,548
286,775
544,937
Creditors: amounts falling due within one year
6
(141,509)
(229,573)
Net current assets
145,266
315,364
Total assets less current liabilities
14,870,266
14,880,364
Creditors: amounts falling due after more than one year
7
(9,775,926)
(9,993,144)
Provisions for liabilities
Deferred tax
(347,943)
(328,533)
Net assets
4,746,397
4,558,687
Capital and reserves
Called up share capital
3,441,000
3,441,000
Profit and loss account
1,305,397
1,117,687
Shareholders' funds
4,746,397
4,558,687
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 March 2025 and were signed on its behalf by
Christos Dimitriadis Director Company Registration No. 13460875
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BROADWATER WORTHING LIMITED Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
BROADWATER WORTHING LIMITED is a private company, limited by shares, registered in England and Wales, registration number 13460875. The registered office is 60 WELBECK STREET, LONDON, W1G 9XB, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4
Investment property
2024
£
Fair value at 1 January 2024
14,565,000
Additions
82,357
Net gain from fair value adjustments
77,643
At 31 December 2024
14,725,000
5
Debtors
2024
2023
£
£
Amounts falling due within one year
Trade debtors
(15,003)
-
Accrued income and prepayments
114,346
106,145
99,343
106,145
Amounts falling due after more than one year
Amounts due from group undertakings etc.
-
225,244
6
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
19,476
94,796
Other creditors
98,559
91,107
Accruals
23,474
43,670
141,509
229,573
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BROADWATER WORTHING LIMITED Notes to the Accounts for the year ended 31 December 2024
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans
7,884,335
7,906,266
Amounts owed to group undertakings and other participating interests
1,891,591
2,073,756
Accruals
-
13,122
9,775,926
9,993,144
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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