Broad Street Place Developments Limited 31/05/2025 iXBRL

Company registration number: 00829518

Broad Street Place Developments Limited

Filleted financial statements

31 May 2025

Broad Street Place Developments Limited

Contents

Directors and other information

Directors responsibilities statement

Statement of financial position

Statement of changes in equity

Notes to the financial statements

Broad Street Place Developments Limited

Directors and other information


	Directors	Ms E J B Parkinson
		Mr C J Lewis


	Secretary	Mr R C Lewis


	Company number	00829518


	Registered office	23 Bedford Row
		London
		WC1R 4EB


	Auditor	Hicks and Company
		Vaughan Chambers
		Vaughan Road
		Harpenden
		AL5 4EE

Broad Street Place Developments Limited

Directors responsibilities statement

Year ended 31 May 2025

The directors are responsible for preparing the directors report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;

- make judgments and accounting estimates that are reasonable and prudent; and

- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Broad Street Place Developments Limited

Statement of financial position

31 May 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	5	4,310,000		4,310,000
Investments	6	147		147
		_________		_________
			4,310,147		4,310,147

Current assets
Debtors	7	270,131		175,349
Investments	8	6,217		6,134
Cash at bank and in hand		533,231		637,944
		_________		_________
		809,579		819,427
Creditors: amounts falling due
within one year	9	( 284,193)		( 94,109)
		_________		_________
Net current assets			525,386		725,318
			_________		_________
Total assets less current liabilities			4,835,533		5,035,465

			_________		_________
Net assets			4,835,533		5,035,465
			_________		_________

Capital and reserves
Called up share capital			24,000		24,000
Non-distributable revaluation reserve			2,716,217		2,716,217
Distributable profit and loss account			2,095,316		2,295,248
			_________		_________
Shareholders funds			4,835,533		5,035,465
			_________		_________

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.

These financial statements were approved by the board of directors and authorised for issue on 25 November 2025 , and are signed on behalf of the board by:

Ms E J B Parkinson

Director

Company registration number: 00829518

Broad Street Place Developments Limited

Statement of changes in equity

Year ended 31 May 2025

	Called up share capital	Non-distributable revaluation reserve	Distributable profit and loss account	Total
	£	£	£	£


At 1 June 2023	24,000	2,716,217	2,396,541	5,136,758

Profit for the year			138,707	138,707
	_________	_________	_________	_________
Total comprehensive income for the year	-	-	138,707	138,707

Dividends paid and payable			( 240,000)	( 240,000)
	_________	_________	_________	_________
Total investments by and distributions to owners	-	-	( 240,000)	( 240,000)

	_________	_________	_________	_________
At 31 May 2024 and 1 June 2024	24,000	2,716,217	2,295,248	5,035,465

Profit for the year			280,068	280,068
	_________	_________	_________	_________
Total comprehensive income for the year	-	-	280,068	280,068

Dividends paid and payable			( 480,000)	( 480,000)
	_________	_________	_________	_________
Total investments by and distributions to owners	-	-	( 480,000)	( 480,000)

	_________	_________	_________	_________
At 31 May 2025	24,000	2,716,217	2,095,316	4,835,533
	_________	_________	_________	_________

Broad Street Place Developments Limited

Notes to the financial statements

Year ended 31 May 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 23 Bedford Row, London, WC1R 4EB.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.

Turnover

Turnover consists of the value of legal completions or properties sold in the year and rents receivable.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Investment property

Investment property is measured initially 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 not available without undue cost or effort it shall be transferred to fixed assets and accounted for under the cost model until it is expected that fair value will be reliably measurable on an on-going basis.

Fixed asset investments

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

Impairment

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

Group accounts

The Company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Freehold property	Total
	£	£
Cost
At 1 June 2024 and 31 May 2025	4,310,000	4,310,000
	_________	_________
Depreciation
At 1 June 2024 and 31 May 2025	-	-
	_________	_________
Carrying amount
At 31 May 2025	4,310,000	4,310,000
	_________	_________
At 31 May 2024	4,310,000	4,310,000
	_________	_________

Freehold investment properties have been valued by the directors at their fair value at 31 May 2025. The historical cost of the freehold properties included above at a value of £4,310,000 was £1,593,783.

6. Investments

	Shares in group undertakings and participating interests	Total
	£	£
Cost
At 1 June 2024 and 31 May 2025	147	147
	_________	_________
Impairment
At 1 June 2024 and 31 May 2025	-	-
	_________	_________
Carrying amount
At 31 May 2025	147	147
	_________	_________
At 31 May 2024	147	147
	_________	_________

7. Debtors

	2025	2024
	£	£
Trade debtors	132,324	4,275
Amounts owed by group undertakings and undertakings in which the company has a participating interest	80,105	83,281
Other debtors	57,702	87,793
	_________	_________
	270,131	175,349
	_________	_________

8. Investments

	2025	2024
	£	£
Tenants' deposits bank accounts	6,217	6,134
	_________	_________

9. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	9,741	8,223
Amounts owed to group undertakings and undertakings in which the company has a participating interest	100	100
Corporation tax	80,023	26,942
Social security and other taxes	40,846	-
Other creditors	153,483	58,844
	_________	_________
	284,193	94,109
	_________	_________

10. Summary audit opinion

The auditor's report dated 25 November 2025 was unqualified.

The senior statutory auditor was Philip Dean for and on behalf of Hicks and Company

11. Related party transactions

During the year the amount receivable from Visionseek Limited, a company in which Broad Street Place Developments Limited is a shareholder, reduced by £3,176 (2024 - increased by £1,832). At 31 May 2025, the balance due from Visionseek Limited to Broad Street Place Developments Limited was £80,105 (2024 - £83,281). During the year, Visionseek Limited declared dividends totalling £40,000 (2024 - £44,000) on shares owned by the company and interest on the loan balance of £5,984 (2024 - £4,320).