BROUGHTON HOLDINGS LIMITED

Company Registration Number:
09591881 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2018

Period of accounts

Start date: 01 April 2017

End date: 31 March 2018

BROUGHTON HOLDINGS LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2018

Balance sheet
Notes

BROUGHTON HOLDINGS LIMITED

Balance sheet

As at 31 March 2018


Notes
2018
2017


£
£
Fixed assets
Investments: 3 3,500,000 3,500,000
Total fixed assets: 3,500,000 3,500,000
Current assets
Debtors: 4 1,022,007 0
Total current assets: 1,022,007 0
Creditors: amounts falling due within one year:   (1,800)
Net current assets (liabilities): 1,020,207 0
Total assets less current liabilities: 4,520,207 3,500,000
Creditors: amounts falling due after more than one year: 5 (4,540,172) (3,499,900)
Total net assets (liabilities): (19,965) 100
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (20,065) 0
Shareholders funds: (19,965) 100

The notes form part of these financial statements

BROUGHTON HOLDINGS LIMITED

Balance sheet statements

For the year ending 31 March 2018 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 20 December 2018
and signed on behalf of the board by:

Name: David Canfield
Status: Director

The notes form part of these financial statements

BROUGHTON HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

1. Accounting policies

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

BROUGHTON HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

2. Employees

2018 2017
Average number of employees during the period 0 0

BROUGHTON HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

3. Fixed investments

The company's subsidiary undertakings at period end are: Unshackled.com Limited. Registered in England - 75% owned.The investment is held at cost less any accumulated impairment.The directors assess annually whether an impairment of the investment is required. In the financial year they compared the fair value of the investment to the carrying value and determined that no impairment provision was necessary.

BROUGHTON HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

4. Debtors

2018 2017
££
Debtors due after more than one year: 1,022,007 0

The loan to subsidiary is interest free and held at amoritsed cost. The loan is assessed annually for impairment and the directors have determined that no impairment is required.

BROUGHTON HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

5. Creditors: amounts falling due after more than one year note

The loan is unsecured and bears no interest. In compliance with the FRED 67 amendment to FRS 102 applicable to small companies (effective 8th May 2017) the loan has been measured at transaction price.

BROUGHTON HOLDINGS LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2018

6. Post balance sheet events

On 1st October 2018 Broughton Holdings acquired 95% of the issued Share Capital of Caudwell Collection Limited. On the same day Caudwell Collection acquired 100% of the issued Share Capital of Caudwell Properties (100) Limited, Caudwell Properties (101) Limited, Caudwell Properties (102) Limited, Caudwell Properties (107) Limited, Caudwell Properties (108) Limited, Caudwell Properties (109) Limited and Caudwell Design Limited.On 1st October 2018 the historic shareholder debt balances as at 1st October 2018 in Caudwell Properties (100) Limited, Caudwell Properties (101) Limited, Caudwell Properties (102) Limited, Caudwell Properties (107) Limited and Caudwell Properties (108) Limited were novated from John Caudwell to Broughton Holdings Limited. Broughton Holdings Limited then assigned this debt obligation to Caudwell Collection. The resulting effect on the balance sheet at 1st October 2018 is that Broughton Holdings has Shareholder Loans due of £48,720,804 and a corresponding loan to Caudwell Collection of £48,720,804.