Broomco (2156) Limited - Accounts to registrar (filleted) - small 23.1.5
Broomco (2156) Limited - Accounts to registrar (filleted) - small 23.1.5
| REGISTERED NUMBER: |
| Financial Statements |
| for the Year Ended 31 December 2022 |
| for |
| Broomco (2156) Limited |
| Broomco (2156) Limited (Registered number: 03955482) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Broomco (2156) Limited |
| Company Information |
| for the Year Ended 31 December 2022 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| AUDITORS: |
| Statutory Auditors |
| Chartered Accountants & Business Advisers |
| 15 Newland |
| Lincoln |
| Lincolnshire |
| LN1 1XG |
| BANKERS: |
| 8 Canada Square |
| London |
| E14 5HQ |
| Broomco (2156) Limited (Registered number: 03955482) |
| Balance Sheet |
| 31 December 2022 |
| 2022 | 2021 |
| Notes | £ | £ |
| CURRENT ASSETS |
| Stocks | 4 |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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 |
| Broomco (2156) Limited (Registered number: 03955482) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2022 |
| 1. | STATUTORY INFORMATION |
| Broomco (2156) Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Development property |
| This consists of land and property held by the company for development and resale. All such land and property is valued at the lower of cost and net realisable value. |
| 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. |
| Government grants |
| Government grants relating to work in progress are treated as deferred income. Grants in respect of land and development properties which have no finite economic life are released to the profit and loss account when the related plot is sold. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2021 - NIL). |
| 4. | STOCKS |
| 2022 | 2021 |
| £ | £ |
| Development properties | 737,500 | 886,588 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Other debtors |
| VAT |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade creditors |
| Other creditors |
| Amount owed to Sheffield Business Park Limited | 213,733 | - |
| Amount owed to J F Finnegan Limited | 213,733 | - |
| Accruals and deferred income |
| Broomco (2156) Limited (Registered number: 03955482) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2022 |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Amount owed to Sheffield Business Park Limited | - | 198,733 |
| Amount owed to J F Finnegan Limited | - | 198,733 |
| Deferred income |
| During the year ended 31 December 2003 the company was awarded a government grant in respect of the development of its land. The total grant received by 31 December 2022 amounts to £1,098,434 (2021: £1,098,434). Of this, £244,966 (2021: £244,966) has been deferred and is included in other creditors. As there were no land sales in the year, the grant value released to the profit and loss was £Nil (2021: £Nil). |
| The grant award stipulates that a proportion of the grant may be repayable dependant on certain conditions. |
| The amounts owed to each joint venture partner are unsecured and have no fixed terms of repayment. The joint venture partners have confirmed that they will not seek repayment of these balances for at least twelve months from the balance sheet date. Loan interest is no longer charged on these balances. |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2022 | 2021 |
| value: | £ | £ |
| Ordinary A | £1 | 1 | 1 |
| Ordinary B | £1 | 1 | 1 |
| 2 | 2 |
| The "A" and "B" ordinary shares rank pari passu in all respects. |
| 9. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
| The Report of the Auditors was unqualified. |
| for and on behalf of |
| 10. | ULTIMATE CONTROLLING PARTY |
| No one entity controls the company. |