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 2021

FOR

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






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BROOMHALL INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: J M Brownhill
P L Robinson





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
First Floor
Unit 4, Broadfield Court
Sheffield
South Yorkshire
S8 0XF
Page 1
BROOMHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 07092805)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,000,000 2,000,000

CURRENT ASSETS
Debtors 5 537,186 536,331
Cash at bank 64,440 44,142
601,626 580,473
CREDITORS
Amounts falling due within one year 6 672,405 622,702
NET CURRENT LIABILITIES (70,779 ) (42,229 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,929,221
1,957,771

CREDITORS
Amounts falling due after more than one
year
7
1,105,743
1,194,560
NET ASSETS 823,478 763,211

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 823,378 763,111
823,478 763,211

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

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.

The notes form part of these financial statements

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BROOMHALL INVESTMENTS LIMITED (REGISTERED NUMBER: 07092805)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Board of Directors and authorised for issue on 12 September 2022 and were signed on its behalf 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 2021

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 (2020 - NIL).

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2021
and 31 December 2021 2,000,000
NET BOOK VALUE
At 31 December 2021 2,000,000
At 31 December 2020 2,000,000

The historic cost of the investment property included above at a valuation of £2,000,000 was £1,638,173 (2020 - £1,638,173).

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
2021 2020
£    £   
Other debtors 537,186 536,331

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 78,667 40,000
Trade creditors 286,436 195,000
Corporation tax 12,800 -
Other creditors 294,502 387,702
672,405 622,702

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2021 2020
£    £   
Bank loans - 2-5 years 1,081,667 1,170,484
Directors' loan accounts 24,076 24,076
1,105,743 1,194,560

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

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

8. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 1,160,334 1,210,484

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 (2020 - £282,998).

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