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 2019

FOR

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






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2019




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROOMHALL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2019







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 2019

2019 2018
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,000,000 2,000,000

CURRENT ASSETS
Debtors 5 168,066 68,046
Cash at bank 44,841 61,253
212,907 129,299
CREDITORS
Amounts falling due within one year 6 588,371 376,907
NET CURRENT LIABILITIES (375,464 ) (247,608 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,624,536
1,752,392

CREDITORS
Amounts falling due after more than one
year
7
849,560
1,072,558
NET ASSETS 774,976 679,834

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 774,876 679,734
774,976 679,834

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 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 2019


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

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 and authorised for issue on 7 May 2020 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 2019

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2018 - NIL).

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

4. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 January 2019
and 31 December 2019 2,000,000
Net book value
At 31 December 2019 2,000,000
At 31 December 2018 2,000,000

The historic cost of the investment property included above at a valuation of £2,000,000 was
£1,632,528 (2018 - £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.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Other debtors 168,066 68,046

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2019 2018
£    £   
Bank loans and overdrafts 40,000 40,000
Trade creditors - 75,000
Corporation tax 22,317 20,868
Other creditors 526,054 241,039
588,371 376,907

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2019 2018
£    £   
Bank loans - 2-5 years 825,484 508,563
Other creditors - 282,998
Directors' loan accounts 24,076 280,997
849,560 1,072,558

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2019

8. SECURED DEBTS

The following secured debts are included within creditors:

2019 2018
£    £   
Bank loans 865,484 548,563

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

9. RELATED PARTY DISCLOSURES

The Trustees of the Flexible Life Interest Trust for J M Brownhill have provided a loan to the company.
No interest has been charged on this loan. At the balance sheet date the amount owed to The Flexible
Life Interest Trust was £282,998 (2018 - £282,998).

Page 6