Broadbent's County Estates Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04033015 (England and Wales)

Unaudited Financial Statements

for the Year Ended

31 December 2020

for

Broadbent's County Estates Limited

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

5

DIRECTOR:

C M Broadbent

REGISTERED OFFICE:

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

REGISTERED NUMBER:

04033015 (England and Wales)

ACCOUNTANTS:

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Broadbent's County Estates Limited for the year ended 31 December 2020 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Broadbent's County Estates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Broadbent's County Estates Limited and state those matters that we have agreed to state to the director of Broadbent's County Estates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Broadbent's County Estates Limited and its director for our work or for this report.

It is your duty to ensure that Broadbent's County Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Broadbent's County Estates Limited. You consider that Broadbent's County Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Broadbent's County Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

The Rowleys Partnership Ltd

Chartered Accountants

Charnwood House

Harcourt Way

Meridian Business Park

Leicester

Leicestershire

LE19 1WP

28 September 2021

FIXED ASSETS

Tangible assets

4

-

310

Investment property

5

210,024

215,024

210,024

215,334

CURRENT ASSETS

Cash at bank

5,096

5,704

CREDITORS

Amounts falling due within one year

6

122,679

124,024

NET CURRENT LIABILITIES

(117,583

)

(118,320

)

TOTAL ASSETS LESS CURRENT LIABILITIES

92,441

97,014

PROVISIONS FOR LIABILITIES

14,140

14,140

NET ASSETS

78,301

82,874

CAPITAL AND RESERVES

Called up share capital

8

100

100

Revaluation reserve

9

83,862

83,862

Retained earnings

(5,661

)

(1,088

)

SHAREHOLDERS' FUNDS

78,301

82,874

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 September 2021 and were signed by:

C M Broadbent - Director

1.	STATUTORY INFORMATION

Broadbent's County Estates 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 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 as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 NIL (2019 - NIL).

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 January 2020

and 31 December 2020

8,239

DEPRECIATION

At 1 January 2020

7,929

Charge for year

310

At 31 December 2020

8,239

NET BOOK VALUE

At 31 December 2020

-

At 31 December 2019

310

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2020

215,024

Impairments

(5,000

)

At 31 December 2020

210,024

NET BOOK VALUE

At 31 December 2020

210,024

At 31 December 2019

215,024

No professional valuation of the properties was undertaken, in the opinion of the director the market values as stated in the accounts are justified.

On an historical cost basis these would have been included at an original cost of £117,022 (2019: £117,022).

Fair value at 31 December 2020 is represented by:

£

Valuation in 2008

73,002

Valuation in 2018

25,000

Valuation in 2020

(5,000

)

Cost

117,022

210,024

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Other creditors

36,417

36,417

Directors' current accounts

84,917

86,304

Accrued expenses

1,345

1,303

122,679

124,024

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.20

31.12.19

£

£

Loan

36,417

36,417

A debenture dated 6 May 2009 was created in the name of Mrs H Broadbent over the fixed and floating charge over the company undertakings and assets.

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.20

31.12.19

value:

£

£

100

Ordinary shares

£1

100

100

9.

RESERVES

Revaluatio

reserve

£

At 1 January 2020

and 31 December 2020

83,862