Registration number: 04323519

Park Broom Homes (Spofforth) Limited

(Registration number: 04323519)

Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investments	3	300	300
Current assets
Stocks		1,788,807	1,786,647
Debtors	4	319,958	219,958
Cash at bank and in hand		26,622	129,506
		2,135,387	2,136,111
Creditors: Amounts falling due within one year	5	(1,877,359)	(1,877,077)
Net current assets		258,028	259,034
Net assets		258,328	259,334
Capital and reserves
Called up share capital	6	400	400
Retained earnings		257,928	258,934
Shareholders' funds		258,328	259,334

For the financial 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 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 6 October 2025 and signed on its behalf by:
 

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

Mr P J Rossington

Director

Park Broom Homes (Spofforth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Accounting policies

Statutory information

Park Broom Homes (Spofforth) Limited is a private company, limited by shares, domiciled in England and Wales, company number 04323519. The registered office is at Sutton House Farm, Mattersey Road, Sutton-cum-Lound, Retford, DN22 8PW.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the sale of completed plots.

Investments

Fixed asset investments are stated at historical cost less provision for any diminution in value.

Stocks

Stocks is valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks. Net realisable value is based on selling price less anticipated costs to completion and selling costs.

Financial instruments

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 liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2	Staff numbers

The average number of persons employed by the company during the year was 0 (2024 - 0).

Park Broom Homes (Spofforth) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

3	Investments

	2025 £	2024 £
Investments in subsidiaries	300	300