Company Registration No. 12824598 (England and Wales)
BROADWAY89 LIMITED
Unaudited accounts
for the year ended 31 December 2024
BROADWAY89 LIMITED
Unaudited accounts
Contents
BROADWAY89 LIMITED
Company Information
for the year ended 31 December 2024
Company Number
12824598 (England and Wales)
Registered Office
17 Linford Forum
Rockingham Drive,Linford Wood
Milton Keynes
Buckinghamshire
MK14 6LY
United Kingdom
Accountants
Arth Limited
655 Milton Keynes Business Centre
Hayley Court
Linford Wood
Milton Keynes
Buckinghamshire
MK14 6GD
BROADWAY89 LIMITED
Statement of financial position
as at 31 December 2024
Investment property
13,255,001
12,961,680
Cash at bank and in hand
120,558
211,395
Creditors: amounts falling due within one year
(528,934)
(434,690)
Net current (liabilities)/assets
(97,790)
120,686
Total assets less current liabilities
13,157,211
13,082,366
Creditors: amounts falling due after more than one year
(6,445,228)
(6,402,264)
Provisions for liabilities
Deferred tax
(554,038)
(554,038)
Net assets
6,157,945
6,126,064
Called up share capital
200
200
Share premium
4,019,851
4,019,851
Profit and loss account
2,137,894
2,106,013
Shareholders' funds
6,157,945
6,126,064
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 19 September 2025 and were signed on its behalf by
Runjit Bhopal
Director
Company Registration No. 12824598
BROADWAY89 LIMITED
Notes to the Accounts
for the year ended 31 December 2024
BROADWAY89 LIMITED is a private company, limited by shares, registered in England and Wales, registration number 12824598. The registered office is 17 Linford Forum, Rockingham Drive,Linford Wood, Milton Keynes, Buckinghamshire, MK14 6LY, United Kingdom.
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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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 January 2024
12,961,680
Net gain from fair value adjustments
67,477
At 31 December 2024
13,255,001
The value of investment properties are assessed annually based on the latest available RICS valuation reports and the Director's assessment of current market conditions
There has been no valuation of investment properties by an independent valuer.
BROADWAY89 LIMITED
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
3,670
19,096
Other debtors
306,916
324,885
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
338,876
287,924
Trade creditors
6,892
4,376
Taxes and social security
17,689
36,665
Other creditors
162,062
85,697
Loans from directors
1,112
17,745
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Creditors: amounts falling due after more than one year
2024
2023
Bank loans
6,445,228
6,402,264
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Average number of employees
During the year the average number of employees was 3 (2023: 3).