Broad Close Limited iXBRL

Broad Close Limited

Abridged Unaudited Financial Statements

for the financial period from 10 December 2024 (date of incorporation) to 31 December 2025

Broad Close Limited

Company Registration Number: 16128552

ABRIDGED STATEMENT OF FINANCIAL POSITION

as at 31 December 2025

Dec 25

Dec 24

Notes

Current Assets

Inventories

110,000

Receivables

4,442

Cash and cash equivalents

734

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115,176

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Payables: amounts falling due within one year

(134,011)

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Net Current Liabilities

(18,835)

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Total Assets less Current Liabilities

(18,835)

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Equity

Called up share capital

100

Retained earnings

(18,935)

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Equity attributable to owners of the company

(18,835)

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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.

The company has taken advantage of the exemption under section 444 not to file the Abridged Income Statement and Directors' Report.

For the financial period from 10 December 2024 (date of incorporation) to 31 December 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial period and of its profit and loss for the financial period in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Approved by the Board and authorised for issue on 19 August 2026 and signed on its behalf by

________________________________

Lynne Evans

Director

________________________________

Rhys James Evans

Director

Broad Close Limited

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

for the financial period from 10 December 2024 (date of incorporation) to 31 December 2025

General Information

Broad Close Limited is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 16128552. The registered office of the company is 220a Stow Hill, Newport, NP20 4HA, Wales which is also the principal place of business of the company. Residents property management The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the financial period ended 31 December 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Inventories

Inventories are valued at the lower of cost and net realisable value. Inventories are determined on a first-in first-out basis. Cost comprises expenditure incurred in the normal course of business in bringing inventories to their present location and condition. Full provision is made for obsolete and slow moving items. Net realisable value comprises actual or estimated selling price (net of trade discounts) less all further costs to completion or to be incurred in marketing and selling.

Trade and other receivables

Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other payables

Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Period of financial statements

The financial statements are for the 12 month 22 days period from 10 December 2024 (date of incorporation) to 31 December 2025.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have considered the company’s financial position and cash flow forecasts and are satisfied that the company has adequate resources to continue in business for the foreseeable future. Accordingly, the going concern basis has been adopted in preparing these financial statements.

Employees

The average monthly number of employees, including directors, during the financial period was 0, (Dec 24 - 0).

Capital commitments

The company had no material capital commitments at the financial period-ended 31 December 2025.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial period-end.