Broomhall Investments Limited - Accounts to registrar (filleted) - small 18.2

Broomhall Investments Limited - Accounts to registrar (filleted) - small 18.2

BROOMHALL INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 07092805 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

BROOMHALL INVESTMENTS LIMITED
BROOMHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 07092805)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROOMHALL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2018







DIRECTOR: J M Brownhill





REGISTERED OFFICE: Jenkin Hill House
Horsleygate Lane
Holmesfield
Dronfield
Derbyshire
S18 7WD





REGISTERED NUMBER: 07092805 (England and Wales)





ACCOUNTANTS: Marriott Gibbs Rees Wallis Limited
Chartered Certified Accountants
13-17 Paradise Square
Sheffield
South Yorkshire
S1 2DE
Page 1
BROOMHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 07092805)

BALANCE SHEET
31 DECEMBER 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Investment property 3 2,000,000 2,000,000

CURRENT ASSETS
Debtors 4 68,046 68,011
Cash at bank 61,253 60,984
129,299 128,995
CREDITORS
Amounts falling due within one year 5 376,907 425,719
NET CURRENT LIABILITIES (247,608 ) (296,724 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,752,392
1,703,276

CREDITORS
Amounts falling due after more than one
year
6
1,072,558
1,112,558
NET ASSETS 679,834 590,718

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 679,734 590,618
679,834 590,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at
the end of each financial year and of its profit or loss for each financial year 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.

The notes form part of these financial statements

Page 2 continued...
BROOMHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 07092805)

BALANCE SHEET - continued
31 DECEMBER 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 12 April 2019 and were signed by:





J M Brownhill - Director


The notes form part of these financial statements

Page 3
BROOMHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 07092805)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2018

1. STATUTORY INFORMATION

Broomhall Investments Limited is a private company, limited by shares , registered in England and
Wales. The company's registered number and registered office address can be found on the Company
Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Judgements
The directors have made key assumptions in the determination of the fair value of investment property
in respect of the state of the property market in the location where the property is situated and in
respect of the range of reasonable fair value estimates of the asset. The valuation of the property at
the reporting date is stated in the notes to the accounts.

Turnover
Turnover consists of rental income receivable on property investments in the United Kingdom,
exclusive of VAT.

Investment property
Investment property is shown at fair value at each reporting date with changes in fair value recognised
in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss
Account, except to the extent that it relates to items recognised in other comprehensive income or
directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been
enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods
different from those in which they are recognised in financial statements. Deferred tax is measured
using tax rates and laws that have been enacted or substantively enacted by the year end and that are
expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Page 4 continued...
BROOMHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 07092805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018

3. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2018
and 31 December 2018 2,000,000
NET BOOK VALUE
At 31 December 2018 2,000,000
At 31 December 2017 2,000,000

The historic cost of the investment property included above at a valuation of £2,000,000 was
£1,632,528 (2017 - £1,632,528).

The investment property was valued at the balance sheet date by the director of the company who is
not a professionally qualified valuer. The fair value has been determined by reference to market factors
including evidence of transaction prices for similar property in the location where the property is
situated.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Other debtors 68,046 68,011

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 40,000 40,000
Trade creditors 75,000 144,000
Corporation tax 20,868 -
Other creditors 241,039 241,719
376,907 425,719

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2018 2017
£    £   
Bank loans - 2-5 years 508,563 560,000
Other creditors 563,995 552,558
1,072,558 1,112,558

Page 5 continued...
BROOMHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 07092805)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2018

7. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 548,563 600,000

Bank loans are secured by way of fixed and floating charges over the company's assets, including the
investment property.

8. RELATED PARTY DISCLOSURES

Key management personnel
J M Brownhill

Summary of transactions with key management
J M Brownhill has provided an interest free loan. The company's bankers hold a deed of subordination
in respect of £275,000 owed to J M Brownhill by the company. This deed is part security towards the
bank loan received by the company. At the balance sheet date the amount owed to J M Brownhill was
£280,997 (2017 - £275,279).

Summary of transactions with other related parties
The Flexible Life Interest Trust for J M Brownhill has provided an interest free loan. The company's
bankers hold a deed of subordination in respect of £275,000 owed to The Flexible Life Interest Trust by
the company. This deed is part security towards the bank loan received by the company. At the
balance sheet date the amount owed to The Flexible Life Interest Trust was £282,998 (2017 -
£277,279).

Page 6