Company Registration No. 12411734 (England and Wales)
CRICKLEWOOD BROADWAY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
CRICKLEWOOD BROADWAY LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
CRICKLEWOOD BROADWAY LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Investment properties
3
21,167,013
21,165,000
Current assets
Debtors
4
227,681
291,116
Cash at bank and in hand
17,920
43,277
245,601
334,393
Creditors: amounts falling due within one year
5
(21,044,829)
(21,004,857)
Net current liabilities
(20,799,228)
(20,670,464)
Total assets less current liabilities
367,785
494,536
Creditors: amounts falling due after more than one year
6
(10,192,824)
(7,496,067)
Net liabilities
(9,825,039)
(7,001,531)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(9,825,139)
(7,001,631)
Total equity
(9,825,039)
(7,001,531)

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 8 November 2025
Guy Ziser
Director
Company Registration No. 12411734
CRICKLEWOOD BROADWAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 2 -
1
Accounting policies
Company information

Cricklewood Broadway Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 9 First Floor, Hampstead West 224 Iverson Road, West Hampstead, London, United Kingdom, NW6 2HL.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A t the time of approving the financial statements, the director has a reasonable expectation that the company has adequate resources to continue in operation for the foreseeable future. The ability to continue as a going concern is based on resources and funding provided connected companies. Thus the director continue s to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents rental income and is recognised on an accruals basis.

1.4
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

1.6
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CRICKLEWOOD BROADWAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 3 -
Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, and loans from fellow group companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. A m ounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
1
3
Investment property
2024
£
Fair value
At 1 January 2024
21,165,000
Additions
2,013
At 31 December 2024
21,167,013

Investment property is stated at fair value with changes in fair value being recognised in the profit and loss account. The director has determined the fair value of the investment property as at 31 December 2024 on the basis of a revaluation carried out on 9 November 2023 by an independent firm of Chartered Surveyors. The director has considered market conditions between the 9 November 2023 and the financial year end and does not consider there to be any material changes to the fair value of the investment property in that period.

CRICKLEWOOD BROADWAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
3
Investment property
(Continued)
- 4 -
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2024
2023
£
£
Cost
23,022,793
23,020,780
Accumulated depreciation
-
-
Carrying amount
23,022,793
23,020,780
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
19,829
82,178
Prepayments and accrued income
207,852
208,938
227,681
291,116
5
Creditors: amounts falling due within one year
2024
2023
£
£
Other borrowings
17,821,883
17,573,266
Trade creditors
175,462
147,309
Taxation and social security
6,939
16,379
Other creditors
2,970,342
3,186,650
Accruals and deferred income
70,203
81,253
21,044,829
21,004,857

Included in other borrowings is £17,676,929 (202 3: £17,427,215) which is secured by a debenture on the assets of the company including the investment property.

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other borrowings
10,192,824
7,496,067
CRICKLEWOOD BROADWAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
7
Related party transactions

Included in other creditors is £3,060,342 (2023: £3,151,088) owed to a number of associated companies with a common director.

The balances above are unsecured, interest free and repayable on demand.

Included in other borrowing more than one year is £275,000 (2023: £275,000) owed to a related party and is unsecured, interest free and repayable once the company has surplus funds which is not expected for at least over 12 months time.

Included in other borrowing more than one year are loans of £8,830,000 (2023: £6,440,000) and accrued interest totalling £1,08 7,824 (2023: £781,067) due to related parties. The principal loans bear interest of 4.23% per annum and the loans and interest accrued are to be repaid in 3 to 8 years.

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