Registration number: 03902289

Broadstone Mill Shopping Outlet Limited

Contents

Statement of Financial Position	1
Notes to the Unaudited Financial Statements	2 to 5

Broadstone Mill Shopping Outlet Limited

(Registration number: 03902289)
Statement of Financial Position as at 30 December 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	4,824	2,654
Other financial assets	5	642,951	1,453,803
		647,775	1,456,457
Current assets
Stocks	6	21,712	17,848
Debtors	7	2,177,494	891,943
Cash at bank and in hand		222,737	570,576
		2,421,943	1,480,367
Creditors: Amounts falling due within one year	8	(545,528)	(576,213)
Net current assets		1,876,415	904,154
Total assets less current liabilities		2,524,190	2,360,611
Provisions for liabilities		(1,570)	(1,039)
Net assets		2,522,620	2,359,572
Capital and reserves
Called up share capital		1,000	1,000
Retained earnings		2,521,620	2,358,572
Shareholders' funds		2,522,620	2,359,572

For the financial year ending 30 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and 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 Income statement.

Approved and authorised by the Board on 30 September 2025 and signed on its behalf by:
 

......................................... Mrs J F Sym Director

Broadstone Mill Shopping Outlet Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Broadstone House
Broadstone Road
Reddish
Stockport
Cheshire
SK5 7DL
United Kingdom

These financial statements were authorised for issue by the Board on 30 September 2025.

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 financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A- 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These 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.

Tangible assets

Tangible assets are stated in the statement of financial position 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
Fixtures and fittings	25% reducing balance

Broadstone Mill Shopping Outlet Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 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.

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 income statement 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.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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 laibilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the statement of financial position. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 34 (2023 - 33).

Broadstone Mill Shopping Outlet Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 31 December 2023	237,791	237,791
Additions	3,778	3,778
At 30 December 2024	241,569	241,569
Depreciation
At 31 December 2023	235,137	235,137
Charge for the year	1,608	1,608
At 30 December 2024	236,745	236,745
Carrying amount
At 30 December 2024	4,824	4,824
At 30 December 2023	2,654	2,654

5	Other financial assets (current and non-current)

	Financial assets at cost less impairment £	Total £
Non-current financial assets
Cost or valuation
At 31 December 2023	1,479,840	1,479,840
Revaluations	148,322	148,322
Additions	14,789	14,789
Disposals	(1,000,000)	(1,000,000)
At 30 December 2024	642,951	642,951
Impairment
Carrying amount
At 30 December 2024	642,951	642,951

Broadstone Mill Shopping Outlet Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 December 2024

6

Stocks

	2024 £	2023 £
Finished goods and goods for resale	21,712	17,848

7

Debtors

	2024 £	2023 £
Trade debtors	143,123	158,924
Prepayments	19,470	8,753
Other debtors	2,014,901	724,266
	2,177,494	891,943

8

Creditors

Creditors: amounts falling due within one year

	Note	2024 £	2023 £
Due within one year
Loans and borrowings	9	12,126	21,746
Trade creditors		406,407	437,755
Taxation and social security		8,289	78,876
Accruals and deferred income		3,500	12,513
Other creditors		115,206	25,323
		545,528	576,213

9	Loans and borrowings

Current loans and borrowings

	2024 £	2023 £
Bank borrowings	12,126	21,746