Registration number: 11176934

Broad Oak Retail Ltd

Contents

Company Information	1
Abridged Balance Sheet	2 to 3
Notes to the Unaudited Abridged Financial Statements	4 to 10

Broad Oak Retail Ltd

Company Information

Director

Mr A J Denton-Smith

Registered office

Unit 3 Lower Maiden Newton Farm Crockway Dorchester Dorset DT2 0BY

Accountants

Scott Vevers Ltd Chartered Accountants and Registered Auditors 65 East Street Bridport Dorset DT6 3LB

Broad Oak Retail Ltd

(Registration number: 11176934)
Abridged Balance Sheet as at 31 December 2024

	Note	2024 £	2023 £
Fixed assets
Intangible assets	4	-	135,000
Tangible assets	5	-	15,809
		-	150,809
Current assets
Stocks	6	10,881	166,699
Debtors		146,989	313,635
Cash at bank and in hand		3,337	13,748
		161,207	494,082
Creditors: Amounts falling due within one year		(310,342)	(414,878)
Net current (liabilities)/assets		(149,135)	79,204
Total assets less current liabilities		(149,135)	230,013
Creditors: Amounts falling due after more than one year		(163,823)	(219,453)
Provisions for liabilities		-	(3,719)
Accruals and deferred income		(670)	-
Net (liabilities)/assets		(313,628)	6,841
Capital and reserves
Called up share capital	8	1,000	1,000
Retained earnings		(314,628)	5,841
Shareholders' (deficit)/funds		(313,628)	6,841

For the financial 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.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Broad Oak Retail Ltd

(Registration number: 11176934)
Abridged Balance Sheet as at 31 December 2024

Approved and authorised by the director on 28 September 2025
 

.........................................

Mr A J Denton-Smith

Director

Broad Oak Retail Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

1	General information

The company is limited by shares incorporated in England within the United Kingdom. The address of the registered office is given in the company information on page 1 of these financial statements.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements were prepared in accordance with Section 1A of the Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

These financial statements have been prepared on a going concern basis. The director has considered the company’s forecasts and available resources and recognise that the business will require ongoing support from the shareholder to meet its obligations as they fall due.

This represents a material uncertainty which may cast significant doubt on the company’s ability to continue as a going concern. The financial statements do not include any adjustments that would be required if the company was unable to continue trading.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Broad Oak Retail Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture and fittings	20% straight line
Computer equipment	33% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Intangible	10 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Broad Oak Retail Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Broad Oak Retail Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 6).

4	Intangible assets

	Total £
Cost or valuation
At 1 January 2024	150,000
Disposals	(150,000)
At 31 December 2024	-
Amortisation
At 1 January 2024	15,000
Amortisation eliminated on disposals	(15,000)
At 31 December 2024	-
Carrying amount
At 31 December 2024	-
At 31 December 2023	135,000

Broad Oak Retail Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

5	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 January 2024	38,670	38,670
Additions	1,083	1,083
Disposals	(39,753)	(39,753)
At 31 December 2024	-	-
Depreciation
At 1 January 2024	22,861	22,861
Charge for the year	7,575	7,575
Eliminated on disposal	(30,436)	(30,436)
At 31 December 2024	-	-
Carrying amount
At 31 December 2024	-	-
At 31 December 2023	15,809	15,809

6

Stocks

	2024 £	2023 £
Other inventories	10,881	166,699

Broad Oak Retail Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

7	Related party transactions

Key management personnel

The key management personnel are the directors, Mr A J Smith and Ms K L Caballero. Mrs K L Caballero resigned as a director on 29 November 2024.

Key management compensation

	2024 £	2023 £
Salaries and other short term employee benefits	24,997	57,856

Dividends paid to the director

		2024 £		2023 £
Mr A J Denton-Smith
Dividends paid during the year		45,093		-

Loans to related parties

2024	Key management £	Total £
At start of period	(1,742)	(1,742)
Advanced	117,513	117,513
Repaid	(71,193)	(71,193)
Interest transactions	634	634
At end of period	45,212	45,212

2023	Key management £	Total £
At start of period	140,028	140,028
Advanced	52,065	52,065
Repaid	(198,120)	(198,120)
Interest transactions	4,285	4,285
At end of period	(1,742)	(1,742)

Terms of loans to related parties

The loan was fully repaid to the company by 27 August 2025. Interest was charged at the HMRC official rates for beneficial loan arrangements.
 

Broad Oak Retail Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 December 2024

Summary of transactions with other related parties

The company is owed £100,891 (2023 - £266,1567) by Kingston Retail LLC, a company incorporated in United States of America, The directors are key management personnel in this US company.

The directors are key management personnel in Hayden Hill Retail Limited, a company incorporated in England. At the year end the company owed Hayden Hill Retail Limited £18,107 (2023 - £570).

All transactions were conducted under normal commercial terms.
 

Income and receivables from related parties

2024	Other related parties £
Sale of goods	216,489
Sale of property or other assets	8,034
	224,523

2023	Other related parties £
Receipt of services	485,000

8	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	1,000	1,000	1,000	1,000