Broadhurst UK Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05118080

BROADHURST UK LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 March 2025

BROADHURST UK LIMITED

STATEMENT OF FINANCIAL POSITION

31 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	4	2,400,590	2,801,281
Investments	5	6,354,352	3,195,478
		------------	------------
		8,754,942	5,996,759

CURRENT ASSETS

Cash at bank and in hand	37,745		31,543

CREDITORS: amounts falling due within one year	6	4,678,396		1,682,358
		------------		------------
NET CURRENT LIABILITIES			4,640,651		1,650,815
			------------		------------
TOTAL ASSETS LESS CURRENT LIABILITIES			4,114,291		4,345,944

PROVISIONS	54,087	154,087
	------------	------------
NET ASSETS	4,060,204	4,191,857
	------------	------------

CAPITAL AND RESERVES

Called up share capital fully paid	615	615
Share premium account	2,286,949	2,286,949
Non distributable reserve	935,073	1,562,581
Profit and loss account	837,567	341,712
	------------	------------
SHAREHOLDERS FUNDS	4,060,204	4,191,857
	------------	------------

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 statement of comprehensive income has not been delivered.

For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BROADHURST UK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

31 March 2025

These financial statements were approved by the board of directors and authorised for issue on 5 September 2025 , and are signed on behalf of the board by:

Mr L Howard Taylor

Director

Company registration number: 05118080

BROADHURST UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Headlands House, 1 Kings Court, Kettering Parkway, Kettering, NN15 6WJ.

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 profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover represents the amount derived from rents receivable.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	-	20% straight line
Office equipment	-	33% straight line

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Investment properties

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

4. TANGIBLE ASSETS

	Investment properties	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost or valuation
At 1 April 2024	2,800,000	330	3,008	2,803,338
Revaluations	( 400,000)	–	–	( 400,000)
	------------	----	-------	------------
At 31 March 2025	2,400,000	330	3,008	2,403,338
	------------	----	-------	------------
Depreciation
At 1 April 2024	–	66	1,991	2,057
Charge for the year	–	66	625	691
	------------	----	-------	------------
At 31 March 2025	–	132	2,616	2,748
	------------	----	-------	------------
Carrying amount
At 31 March 2025	2,400,000	198	392	2,400,590
	------------	----	-------	------------
At 31 March 2024	2,800,000	264	1,017	2,801,281
	------------	----	-------	------------

Tangible assets held at valuation

At 31 March 2025 the property was revalued by the directors. In the opinion of the directors there was a change in the fair value. The fair value was determined by the directors using their experience and knowledge of the property market in the area the property is located.

5. INVESTMENTS

	Managed investments	Other loans	Total
	£	£	£
Cost
At 1 April 2024	3,090,478	105,000	3,195,478
Additions	5,576,461	–	5,576,461
Disposals	( 1,579,642)	–	( 1,579,642)
Other movements	( 837,945)	–	( 837,945)
	------------	---------	------------
At 31 March 2025	6,249,352	105,000	6,354,352
	------------	---------	------------
Impairment
At 1 April 2024 and 31 March 2025	–	–	–
	------------	---------	------------

Carrying amount
At 31 March 2025	6,249,352	105,000	6,354,352
	------------	---------	------------
At 31 March 2024	3,090,478	105,000	3,195,478
	------------	---------	------------

6. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	61,826	6,932
Other creditors	4,616,570	1,675,426
	------------	------------
	4,678,396	1,682,358
	------------	------------

7. RELATED PARTY TRANSACTIONS

During the year the company undertook the following transactions with related parties: The director has advanced monies to the company. At 31 March 2025 the amount due from the company was £4,613,455 (2024 - £1,672,591).