Caseware UK (AP4) 2021.0.152 2021.0.152 2021-12-312021-12-31true2021-01-01falseHolding company44falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07745597 2021-01-01 2021-12-31 07745597 2020-01-01 2020-12-31 07745597 2021-12-31 07745597 2020-12-31 07745597 c:Director1 2021-01-01 2021-12-31 07745597 c:Director5 2021-01-01 2021-12-31 07745597 d:Buildings 2021-01-01 2021-12-31 07745597 d:Buildings 2021-12-31 07745597 d:Buildings 2020-12-31 07745597 d:Buildings d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 07745597 d:CurrentFinancialInstruments 2021-12-31 07745597 d:CurrentFinancialInstruments 2020-12-31 07745597 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 07745597 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 07745597 d:ShareCapital 2021-12-31 07745597 d:ShareCapital 2020-12-31 07745597 d:SharePremium 2021-12-31 07745597 d:SharePremium 2020-12-31 07745597 d:RetainedEarningsAccumulatedLosses 2021-01-01 2021-12-31 07745597 d:RetainedEarningsAccumulatedLosses 2021-12-31 07745597 d:RetainedEarningsAccumulatedLosses 2020-12-31 07745597 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2021-01-01 2021-12-31 07745597 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2021-12-31 07745597 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2020-12-31 07745597 c:OrdinaryShareClass1 2021-01-01 2021-12-31 07745597 c:OrdinaryShareClass1 2021-12-31 07745597 c:OrdinaryShareClass1 2020-12-31 07745597 c:FRS102 2021-01-01 2021-12-31 07745597 c:AuditExempt-NoAccountantsReport 2021-01-01 2021-12-31 07745597 c:FullAccounts 2021-01-01 2021-12-31 07745597 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 07745597 6 2021-01-01 2021-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07745597










BREEDON BOWEN LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2021

 
BREEDON BOWEN LIMITED
REGISTERED NUMBER:07745597

BALANCE SHEET
AS AT 31 DECEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 5 
835,959
874,720

Investments
 6 
1,123,323
1,123,323

  
1,959,282
1,998,043

Current assets
  

Cash at bank and in hand
 7 
19,368
9,474

  
19,368
9,474

Creditors: amounts falling due within one year
 8 
(137,376)
(166,918)

Net current liabilities
  
 
 
(118,008)
 
 
(157,444)

Total assets less current liabilities
  
1,841,274
1,840,599

Provisions for liabilities
  

Other provisions
 9 
(246,568)
(234,827)

  
 
 
(246,568)
 
 
(234,827)

Net assets
  
1,594,706
1,605,772


Capital and reserves
  

Called up share capital 
  
701
701

Share premium account
  
913,566
913,566

Profit and loss account
  
680,439
691,505

  
1,594,706
1,605,772


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BREEDON BOWEN LIMITED
REGISTERED NUMBER:07745597
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 September 2022.




M I Pearson
M Bowen
Director
Director

The notes on pages 3 to 8 form part of these financial statements.

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BREEDON BOWEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1.


General information

Breedon Bowen Ltd, 07745597, is a private company limited by shares, incorporated in England and Wales, with its registered office and principal place of business at Pinnacle House, Breedon Quarry, Breedon On The Hill, Derby, DE73 8AP.
The principal activity of the Company is that of a holding company. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

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BREEDON BOWEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold property
-
In line with mineral depletion

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

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BREEDON BOWEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

2.Accounting policies (continued)

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances. 
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year. 


4.


Employees

The average monthly number of employees, including directors, during the year was 4 (2020 - 4).

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BREEDON BOWEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

5.


Tangible fixed assets





Freehold property

£



Cost or valuation


At 1 January 2021
933,313



At 31 December 2021

933,313



Depreciation


At 1 January 2021
58,594


Charge for the year on owned assets
38,760



At 31 December 2021

97,354



Net book value



At 31 December 2021
835,959



At 31 December 2020
874,720


6.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 January 2021
1,123,323



At 31 December 2021
1,123,323




img7164.png Page 6

 
BREEDON BOWEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

7.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
19,369
9,474

19,369
9,474



8.


Creditors: Amounts falling due within one year

2021
2020
£
£

Amounts owed to group undertakings
85,696
113,517

Corporation tax
9,384
11,105

Other creditors
42,296
42,296

137,376
166,918



9.


Provisions





Restoration provision

£





At 1 January 2021
234,827


Charged to profit or loss
11,741



At 31 December 2021
246,568

Restoration provisions are in relation to the restoration of site subject to extraction where an obligation arises to comply with the contractual environmental planning and other legislation. The obligation will be settled through to the end of the production lives of the related quarries. The provision has been discounted. 

img7029.png Page 7

 
BREEDON BOWEN LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

10.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



1,402 (2020 - 1,402) Ordinary shares of £0.50 each
701
701



11.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders. 


12.


Controlling party

The Company is a joint venture between MGH Bowen Limited and Breedon Trading Limited, which are UK registered companies. The directors are of the opinion that there is no individual controlling party.

 
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