Broadbent Properties Limited - Accounts to registrar (filleted) - small 18.2
Broadbent Properties Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Broadbent Properties Limited |
| Unaudited Financial Statements |
| For The Year Ended 30 June 2020 |
| Broadbent Properties Limited (Registered number: 01255054) |
| Contents of the Financial Statements |
| For The Year Ended 30 June 2020 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Broadbent Properties Limited |
| Company Information |
| For The Year Ended 30 June 2020 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| St George's House |
| 56 Peter Street |
| Manchester |
| M2 3NQ |
| Broadbent Properties Limited (Registered number: 01255054) |
| Balance Sheet |
| 30 June 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Revaluation reserve | 8 |
| Retained earnings |
| The directors acknowledge their 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors and authorised for issue on its behalf by: |
| Broadbent Properties Limited (Registered number: 01255054) |
| Notes to the Financial Statements |
| For The Year Ended 30 June 2020 |
| 1. | STATUTORY INFORMATION |
| Broadbent Properties Limited is a |
| 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 (£). |
| Going concern |
| At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate |
| resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going |
| concern basis of accounting in preparing the financial statements. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| The turnover shown in the profit and loss accounts represents rental income received during the year, exclusive of Valued |
| Added Tax. Income is recognised at the point at which the company has fulfilled its obligation to the tenants and takes into |
| consideration discounts, settlement discounts and rebates. |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial |
| Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly |
| owned subsidiaries within the group. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Property, which is property held to earn rentals, is initially recognised at cost, which includes the purchase cost and any |
| directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on |
| revaluation is recognised in the profit and loss. |
| Where fair value cannot be achieved without undue cost or effort, property is accounted for as tangible fixed assets. |
| The directors consider that properties are not held for consumption but for their potential, to depreciate them would not give |
| a true and fair view. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
| Broadbent Properties Limited (Registered number: 01255054) |
| Notes to the Financial Statements - continued |
| For The Year Ended 30 June 2020 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| COST OR VALUATION |
| At 1 July 2019 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 30 June 2020 |
| DEPRECIATION |
| At 1 July 2019 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 30 June 2020 |
| NET BOOK VALUE |
| At 30 June 2020 |
| At 30 June 2019 |
| Cost or valuation at 30 June 2020 is represented by: |
| Plant and |
| Land and | machinery |
| buildings | etc | Totals |
| £ | £ | £ |
| Valuation in 2017 | 220,872 | - | 220,872 |
| Cost | 364,128 | 3,633 | 367,761 |
| 585,000 | 3,633 | 588,633 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Other creditors |
| Broadbent Properties Limited (Registered number: 01255054) |
| Notes to the Financial Statements - continued |
| For The Year Ended 30 June 2020 |
| 8. | RESERVES |
| Revaluation |
| reserve |
| £ |
| At 1 July 2019 |
| and 30 June 2020 |
| 9. | ULTIMATE CONTROLLING PARTY |
| The immediate and ultimate parent undertaking is Knnak Limited, a company registered in England and Wales. The |
| registered office of the ultimate parent company is 48 Stanhope Road, Bowdon, WA14 3JT. |