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DRAFT


REGISTERED NUMBER: 01255054 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2018

for

Broadbent Properties Limited

Broadbent Properties Limited (Registered number: 01255054)






Contents of the Financial Statements
for the Year Ended 30 June 2018

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Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Broadbent Properties Limited

Company Information
for the Year Ended 30 June 2018







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DIRECTORS: C E Broadbent
J Broadbent





REGISTERED OFFICE: 36A Market Street
New Mills
Derbyshire
SK22 4AA





REGISTERED NUMBER: 01255054 (England and Wales)





ACCOUNTANTS: DLA Chartered Accountants
36A Market Street
New Mills
High Peak
SK22 4AA

Broadbent Properties Limited (Registered number: 01255054)

Balance Sheet
30 June 2018

30.6.18 30.6.17
Notes £    £    £    £   
DRAFT
FIXED ASSETS
Tangible assets 4 587,632 367,310

CURRENT ASSETS
Debtors 5 5,171 5,171
Cash at bank and in hand 13,139 8,065
18,310 13,236
CREDITORS
Amounts falling due within one year 6 63,658 44,044
NET CURRENT LIABILITIES (45,348 ) (30,808 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

542,284

336,502

CREDITORS
Amounts falling due after more than one
year

7

(15,802

)

(23,402

)

PROVISIONS FOR LIABILITIES (41,966 ) -
NET ASSETS 484,516 313,100

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 8 178,907 -
Retained earnings 304,609 312,100
SHAREHOLDERS' FUNDS 484,516 313,100

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2018 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.

Broadbent Properties Limited (Registered number: 01255054)

Balance Sheet - continued
30 June 2018

DRAFT

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 8 November 2018 and were signed on its behalf
by:




C E Broadbent - Director



Mrs E Broadbent - Director


Broadbent Properties Limited (Registered number: 01255054)

Notes to the Financial Statements
for the Year Ended 30 June 2018
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1. STATUTORY INFORMATION

Broadbent Properties 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,
value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance
Computer equipment - 33% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

Broadbent Properties Limited (Registered number: 01255054)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018
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4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 July 2017 364,128 15,006 2,266 381,400
Revaluations 220,872 - - 220,872
At 30 June 2018 585,000 15,006 2,266 602,272
DEPRECIATION
At 1 July 2017 - 12,215 1,875 14,090
Charge for year - 421 129 550
At 30 June 2018 - 12,636 2,004 14,640
NET BOOK VALUE
At 30 June 2018 585,000 2,370 262 587,632
At 30 June 2017 364,128 2,791 391 367,310

Cost or valuation at 30 June 2018 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2017 220,872 - 220,872
Cost 364,128 17,272 381,400
585,000 17,272 602,272

Freehold land and buildings were valued on an open market basis on 26 November 2017 by Jonathan V. Davies Chartered Surveyors
.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£    £   
Other debtors 5,171 5,171

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.18 30.6.17
£    £   
Tax 4,028 5,630
Other creditors 1,593 1,595
Net wages 650 -
Directors' current accounts 57,387 36,136
Accruals and deferred income - 683
63,658 44,044

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.18 30.6.17
£    £   
Other loans - 2-5 years 15,802 23,402

Broadbent Properties Limited (Registered number: 01255054)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2018
DRAFT

8. RESERVES
Revaluation
reserve
£   
Revaluation 178,907

At 30 June 2018 178,907

9. RELATED PARTY DISCLOSURES

At the 30th June 2018 the company owed £55,406 (2017: £18,068) to it's director Mr C E Broadbent. This
balance is interest free and repayable on demand.

At the 30th June 2018 the company owed £1,681(2017: £Nil) to it's director Mr J Broadbent. This balance is
interest free and repayable on demand.