BROOMCO (3857) LIMITED

BROOMCO (3857) LIMITED

BROOMCO (3857) LIMITED - Company Information

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BROOMCO (3857) LIMITED

Company Registration Number:
05523554 (England and Wales)

Unaudited abridged accounts for the year ended 31 October 2020

Period of accounts

Start date: 01 November 2019

End date: 31 October 2020

BROOMCO (3857) LIMITED

Contents of the Financial Statements

for the Period Ended 31 October 2020

Balance sheet
Notes

BROOMCO (3857) LIMITED

Balance sheet

As at 31 October 2020


Notes
2020
2019


£
£
Fixed assets
Investments: 3 250,300 250,300
Total fixed assets: 250,300 250,300
Current assets
Debtors:   1,612,098 1,807,355
Cash at bank and in hand: 744,968 52,130
Total current assets: 2,357,066 1,859,485
Creditors: amounts falling due within one year:   (1,690,886) (17,267)
Net current assets (liabilities): 666,180 1,842,218
Total assets less current liabilities: 916,480 2,092,518
Creditors: amounts falling due after more than one year:   (1,221,091) (2,334,330)
Total net assets (liabilities): (304,611) (241,812)
Capital and reserves
Called up share capital: 1 1
Profit and loss account: (304,612) (241,813)
Shareholders funds: (304,611) (241,812)

The notes form part of these financial statements

BROOMCO (3857) LIMITED

Balance sheet statements

For the year ending 31 October 2020 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 01 July 2021
and signed on behalf of the board by:

Name: Mrs J Powell
Status: Director

The notes form part of these financial statements

BROOMCO (3857) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Other accounting policies

Although the financial statements show a balance sheet deficiency, assurances have been obtained from the director that financial assistance will be provided to enable the company to continue to trade for the foreseeable future.

BROOMCO (3857) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

2. Employees

2020 2019
Average number of employees during the period 2 2

BROOMCO (3857) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

3. Fixed investments

Investments held relate to shares held in group undertakings and participating interests.

BROOMCO (3857) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

4. Financial commitments

The company has guaranteed all monies due or to become due from its subsidiary company, Daru Limited, to its finance parties by way of a fixed charge over the entire share capital and related rights of the company.

BROOMCO (3857) LIMITED

Notes to the Financial Statements

for the Period Ended 31 October 2020

5. Related party transactions

Name of the related party:
Relationship:
Wholly owned subsidiary
Description of the Transaction: Intercompany loan due from Broomco (Whitehouse) Limited
£
Balance at 01 November 2019 1,458,193
Balance at 31 October 2020 1,483,947
Name of the related party:
Relationship:
Wholly owned subsidiary
Description of the Transaction: Intercompany loan due from Broomco (Rhostryfan) Limited
£
Balance at 01 November 2019 328,114
Balance at 31 October 2020 119,923
Name of the related party:
Relationship:
Wholly owned subsidiary
Description of the Transaction: Intercompany loan due from Broomco Developments Limited
£
Balance at 01 November 2019 600
Balance at 31 October 2020 1,413
Name of the related party:
Relationship:
Wholly owned subsidiary
Description of the Transaction: Intercompany loan due to Daru Limited
£
Balance at 01 November 2019 1,226
Balance at 31 October 2020 1,630,374
Name of the related party:
Relationship:
Related undertaking
Description of the Transaction: Intercompany loan due from McLean Developments Limited, a company under the common control of Mrs J Powell
£
Balance at 01 November 2019 3,005
Balance at 31 October 2020 188
Name of the related party:
Relationship:
Former director
Description of the Transaction: Creditor due from the estate of D C McLean
£
Balance at 01 November 2019 2,294,985
Balance at 31 October 2020 1,221,091