COMPANY REGISTRATION NUMBER:
1921227
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BROADWAY SHOPPING CENTRE ASSOCIATION (BEXLEYHEATH) LIMITED |
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Company Limited by Guarantee |
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FILLETED UNAUDITED FINANCIAL STATEMENTS |
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BROADWAY SHOPPING CENTRE ASSOCIATION (BEXLEYHEATH) LIMITED |
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COMPANY LIMITED BY GUARANTEE |
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STATEMENT OF FINANCIAL POSITION |
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31 December 2024
Current assets
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Debtors |
5 |
66,334 |
|
31,441 |
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Cash at bank and in hand |
60,066 |
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70,592 |
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126,400 |
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102,033 |
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Creditors: amounts falling due within one year |
6 |
12,664 |
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15,387 |
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Net current assets |
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113,736 |
86,646 |
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Total assets less current liabilities |
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113,736 |
86,646 |
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Net assets |
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113,736 |
86,646 |
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-------- |
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Capital and reserves
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Profit and loss account |
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113,736 |
86,646 |
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Members funds |
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113,736 |
86,646 |
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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 income statement has not been delivered.
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.
Directors' responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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BROADWAY SHOPPING CENTRE ASSOCIATION (BEXLEYHEATH) LIMITED |
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COMPANY LIMITED BY GUARANTEE |
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STATEMENT OF FINANCIAL POSITION (continued) |
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31 December 2024
These financial statements were approved by the
board of directors
and authorised for issue on
29 September 2025
, and are signed on behalf of the board by:
Company registration number:
1921227
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BROADWAY SHOPPING CENTRE ASSOCIATION (BEXLEYHEATH) LIMITED |
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COMPANY LIMITED BY GUARANTEE |
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NOTES TO THE FINANCIAL STATEMENTS |
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YEAR ENDED 31 DECEMBER 2024
1.
General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is The Mall Bexleyheath Management Suite, The Broadway, Bexleyheath, Kent, DA6 7JN.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through the statement of comprehensive income. The financial statements are prepared in sterling, which is the functional currency of the entity.
Debtors
Debtors are initially recorded at fair value and are assessed for impairment at each reporting date. If any impairments exist the debtors are remeasured to the present value of the expected future cash inflows.
Creditors
Creditors are initially recorded at fair value and are then remeasured to the present value of the expected future cash outflows.
Judgements and key sources of estimation uncertainty
There are no significant estimates or assumptions made that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.
Revenue recognition
Revenue refers to the revenue earned from the Company's principal activity; a non-profit making association and the general promotion of the Broadway Shopping Centre, Bexleyheath, and of the collective interests of the members of the Company The revenue shown in the statement of comprehensive income represents amounts invoiced during the year, exclusive of Value Added Tax.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Company limited by guarantee
The Company is limited by guarantee and does not have Share Capital.
5.
Debtors
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
37,952 |
7,602 |
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Other debtors |
28,382 |
23,839 |
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66,334 |
31,441 |
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6.
Creditors:
amounts falling due within one year
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2024 |
2023 |
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£ |
£ |
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Trade creditors |
5,427 |
5,387 |
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Other creditors |
7,237 |
10,000 |
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12,664 |
15,387 |
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