Caseware UK (AP4) 2022.0.179 2022.0.179 2023-06-302023-06-30false22022-01-01property development2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07102619 2022-01-01 2023-06-30 07102619 2021-01-01 2021-12-31 07102619 2023-06-30 07102619 2021-12-31 07102619 c:Director1 2022-01-01 2023-06-30 07102619 d:CurrentFinancialInstruments 2023-06-30 07102619 d:CurrentFinancialInstruments 2021-12-31 07102619 d:Non-currentFinancialInstruments 2023-06-30 07102619 d:Non-currentFinancialInstruments 2021-12-31 07102619 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 07102619 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 07102619 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 07102619 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 07102619 d:ShareCapital 2023-06-30 07102619 d:ShareCapital 2021-12-31 07102619 d:RetainedEarningsAccumulatedLosses 2023-06-30 07102619 d:RetainedEarningsAccumulatedLosses 2021-12-31 07102619 c:FRS102 2022-01-01 2023-06-30 07102619 c:AuditExempt-NoAccountantsReport 2022-01-01 2023-06-30 07102619 c:FullAccounts 2022-01-01 2023-06-30 07102619 c:PrivateLimitedCompanyLtd 2022-01-01 2023-06-30 iso4217:GBP xbrli:pure

Registered number: 07102619









BIDDULPH (BUCKINGHAMSHIRE) LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 30 JUNE 2023

 
BIDDULPH (BUCKINGHAMSHIRE) LIMITED
REGISTERED NUMBER: 07102619

BALANCE SHEET
AS AT 30 JUNE 2023

30 June
31 December
2023
2021
Note
£
£

  

Current assets
  

Stocks
  
5,079,486
4,345,056

Debtors: amounts falling due within one year
 4 
33,734
1,220

Cash at bank and in hand
 5 
13,471
227,748

  
5,126,691
4,574,024

Creditors: amounts falling due within one year
 6 
(1,173,560)
(1,066,584)

Net current assets
  
 
 
3,953,131
 
 
3,507,440

Total assets less current liabilities
  
3,953,131
3,507,440

Creditors: amounts falling due after more than one year
 7 
(4,198,583)
(3,722,199)

  

Net liabilities
  
(245,452)
(214,759)


Capital and reserves
  

Called up share capital 
  
4
4

Profit and loss account
  
(245,456)
(214,763)

  
(245,452)
(214,759)


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 period 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 profit and loss account 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 by: 

D Cox
Director

Page 1

 
BIDDULPH (BUCKINGHAMSHIRE) LIMITED
REGISTERED NUMBER: 07102619
    
BALANCE SHEET (CONTINUED)
AS AT 30 JUNE 2023

Date: 16 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BIDDULPH (BUCKINGHAMSHIRE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

1.


General information

Biddulph (Buckinghamshire) Limited is a company incorporated in England & Wales under the Companies Act 2006. The address of the registered office is given on the company information page. The nature of the Company's operations and its principal activities are set out in the Directors’ report.

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

Going concern

The financial statements have been prepared on the going concern basis as the Directors believe that adequate cash resources will be available to cover the Company’s requirements for working capital and capital expenditure for at least the next twelve months. The Directors will continue to support the Company for at least the next twelve months and are not aware of any other factors which could put into jeopardy the Company’s going concern status during or beyond this period.

 
2.3

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.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
BIDDULPH (BUCKINGHAMSHIRE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

2.Accounting policies (continued)

 
2.5

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any 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.

 
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

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2021 - 2).


4.


Debtors

30 June
31 December
2023
2021
£
£


Trade debtors
33,734
-

Prepayments and accrued income
-
1,220

33,734
1,220
Page 4

 
BIDDULPH (BUCKINGHAMSHIRE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

4.Debtors (continued)




5.


Cash and cash equivalents

30 June
31 December
2023
2021
£
£

Cash at bank and in hand
13,471
227,748

13,471
227,748



6.


Creditors: Amounts falling due within one year

30 June
31 December
2023
2021
£
£

Bank loans
925,000
925,000

Trade creditors
40,309
132,278

Other taxation and social security
6,101
7,481

Other creditors
200,000
-

Accruals and deferred income
2,150
1,825

1,173,560
1,066,584




Page 5

 
BIDDULPH (BUCKINGHAMSHIRE) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 JUNE 2023

7.


Creditors: Amounts falling due after more than one year

30 June
31 December
2023
2021
£
£

Other creditors
4,198,583
3,722,199

4,198,583
3,722,199


The following liabilities were secured:

30 June
31 December
2023
2021
£
£



Bank loans
925,000
925,000

Other creditors
600,000
600,000

1,525,000
1,525,000

Details of security provided:

The bank loans contain fixed and floating charges and are secured against the assets to which they relate. There is a loan included within other creditors which is secured against a property owned by the company. 


8.


Related party transactions

Other creditors includes £88,391 (2021: £88,391) owed to an LLP in which both the Directors are designated members. There are amounts due to parent companies of £450,000 (2021: £450,000). Other creditors includes Directors current accounts of £1,237,405 (2021: £1,418,547). No interest is charged on the Directors current accounts. In other creditors there is a loan of £1,373,161 (2021: £625,161) owed to a company in which one of the directors is a shareholder and director. 

 
Page 6