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

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

Broadland Growth Limited is a private company limited by shares incorporated in England and Wales. The registered office is Horizon Centre Peachman Way, Broadland Business Park, Norwich, England, NR7 0WF.

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 amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

At the time of approving the financial statements, the directors have considered the Company’s financial position and have a reasonable expectation that it will be able to meet its liabilities as they fall due for the foreseeable future. However, the Company is not engaged in any active projects and has no secured future income streams and is expected to be affected by planned local government restructuring in 2028.

These conditions indicate the existence of a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern. Nevertheless, the directors consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements, and the financial statements do not include any adjustments that would result if the Company were unable to continue as a going concern.

The company continues to have the full financial support of Broadland District Council.

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

The nature, timing of satisfaction of performance obligations and significant payment terms of the company's major sources of revenue are as follows:

Sale of stocks

Revenue from the sale of houses is recognised when the company has transferred the significant risks and rewards of ownership to the buyer, which in practice is on legal completion.

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

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, 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.

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, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, 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 payments 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. Amounts 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.

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

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

During the prior year, the company dissolved its joint venture with Norse Group Holdings Limited.

As part of this process, in accordance with Section 733 of the Companies Act 2006 and FRS 102, a Capital Redemption Reserve of £10,000 (equal to the nominal value of the shares) was created. The transaction was treated as a distribution to owners and recorded entirely within equity.

As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The auditor's report is unqualified and includes the following:

In our opinion the financial statements:

• give a true and fair view of the state of the company's affairs as at 31 March 2026 and of its loss for the year then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Companies Act 2006.

Material Uncertainty relating to Going Concern

We draw attention to Note 1.2 in the financial statements. The Company has net current assets at 31 March 2026 and is currently able to meet its liabilities as they fall due. However, the Company is not engaged in any active projects and has no secured future income streams. In addition, the Company is expected to be affected by planned local government restructuring in 2028, which creates further uncertainty over its future operations.

These conditions indicate the existence of a material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern. The financial statements have been prepared on a going concern basis as disclosed in Note 1.2.

The company’s ultimate controlling party is Broadland District Council, a company registered in the United Kingdom.

During the year, Broadland Council announced that it will be part of a major local government restructuring programme, expected to be implemented in 2028. As part of this programme, the future ownership and governance arrangements of certain Council-controlled entities, including Broadland Growth, may be subject to review. At the date of approval of these financial statements, no detailed proposals relating to Broadland Growth have been finalised and the potential impact of any restructuring remains uncertain.

The Directors have considered the announcement and, based on the information currently available, are not aware of any proposals or circumstances that would indicate a material adverse impact on Broadland Growth’s operations, assets or liabilities. The Directors will continue to monitor developments and assess any implications for Broadland Growth as further details become available.

During the year, the directors identified that a management charge relating to the year ended 31 March 2025 had not been correctly recognised in those financial statements.

In accordance with FRS 102 Section 10 Accounting Policies, Estimates and Errors, this has been treated as a material prior period error. The comparative figures have therefore been restated to correct the omission.

The effect of the restatement has been to increase management expenses and reduce retained earnings as at 31 March 2025 by £5,000. The impact on the profit for the year ended 31 March 2025 is a decrease of 5,000.