BROOMRIGGS_FLATS_(HAWKSHE - Accounts

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

For the financial year ended 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

Broomriggs Flats (Hawkshead) Limited is a private company limited by shares incorporated in England and Wales. The registered office is St. Crispin House, St. Crispin Way, Haslingden, Rossendale, Lancashire, United Kingdom, BB4 4PW.

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.

Turnover represents rents receivable from tenants/members.

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.

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.

Changes in the fair value of derivatives that are designated and qualify as fair value hedges are recognised in profit or loss immediately, together with any changes in the fair value of the hedged asset or liability that are attributable to the hedged risk.

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

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

Each of the directors has contributed management fees to fund ongoing general property, road and garden maintenance expenditure. The nature of these contributions are on the basis as for all members/tenants.

Dividends totalling £0 (2019 - £0) were paid in the year in respect of shares held by the company's directors.

During the year the following balances are included:

Mr. Paul Keith Martin

At the balance sheet date the amount due from Mr. Paul Keith Martin was £10,380 (2019 - £8,872).

Mrs. Alison Mary James

At the balance sheet date the amount due to Mrs. Alison Mary James was £2,359 (2019 - £598).

Mr. Peter Mark Dickinson

At the balance sheet date the amount due to/(from) Mr. Peter Mark Dickinson was £174 (2019 - £2,176).

Mr. Richard James Gilliard

At the balance sheet date the amount due to Mr. Richard James Gilliard was £11,963 (2019 - £9,101).

Mrs. Susan Margaret Dyson

At the balance sheet date the amount due to Mrs. Susan Margaret Dyson was £4,190 (2019 - £2,272).

Dr. Sorab Maneksha

At the balance sheet date the amount due to Dr. Sorab Maneksha was £4,437 (2019 - £3,325).

Mr. Nigel David Charles Wall

At the balance sheet date the amount due from Mr. Nigel David Charles Wall was £3,596 (2019 - £2,368).

The company holds the freehold reversion of the estate know as Broomriggs, acquired in 1978 for £nil consideration, such revision being subject to the right of the occupational leaseholders who hold leases for nine hundred and ninety nine years from 1978.