Company Registration No. 05265933 (England and Wales)
Buckhill Limited
Unaudited accounts
for the year ended 31 October 2023
Buckhill Limited
Unaudited accounts
Contents
Buckhill Limited
Company Information
for the year ended 31 October 2023
Directors
Stuart Buckell
Mark Travers Rhoder
Company Number
05265933 (England and Wales)
Registered Office
Buckhill Limited
78 York Street
London
United Kingdom
W1H 1DP
England
Accountants
Surrey Hills Accountancy Limited
The Old Workshop
Longfrey Cottage
Dorking Road
Chilworth
GU4 8RH
Buckhill Limited
Statement of financial position
as at 31 October 2023
Tangible assets
4,215
5,408
Cash at bank and in hand
1,365,964
1,280,889
Creditors: amounts falling due within one year
(640,665)
(731,384)
Net current assets
1,394,482
1,109,747
Total assets less current liabilities
1,399,881
1,116,967
Provisions for liabilities
Net assets
1,399,122
1,115,993
Called up share capital
100
100
Profit and loss account
1,399,022
1,115,893
Shareholders' funds
1,399,122
1,115,993
For the year ending 31 October 2023 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 19 April 2024 and were signed on its behalf by
Stuart Buckell
Director
Company Registration No. 05265933
Buckhill Limited
Notes to the Accounts
for the year ended 31 October 2023
Buckhill Limited is a private company, limited by shares, registered in England and Wales, registration number 05265933. The registered office is Buckhill Limited, 78 York Street, London, United Kingdom, W1H 1DP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly to other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in counties where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that they are expected to apply the reversal of the timing difference.
Buckhill Limited
Notes to the Accounts
for the year ended 31 October 2023
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Straight Line
Investments in shares are included at fair value.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Tangible fixed assets
Computer equipment
5
Investments
Subsidiary undertakings
Valuation at 1 November 2022
1,812
Valuation at 31 October 2023
1,184
Buckhill Limited
Notes to the Accounts
for the year ended 31 October 2023
Amounts falling due within one year
Trade debtors
241,438
426,563
Accrued income and prepayments
4,695
7,053
Other debtors
88,120
90,862
Amounts falling due after more than one year
Amounts due from group undertakings etc.
326,680
-
7
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
-
18,333
Trade creditors
171,758
233,779
Taxes and social security
108,172
829
Other creditors
3,726
3,340
Loans from directors
(273)
355
Deferred income
261,652
261,652
8
Transactions with related parties
The balance of £326,680 within Amounts due from group undertakings etc. is comprised of the following:
1. Loan to Bucks Property Services d.o.o of Ulica Ivana Mazuranica 38, 10430 Samobor, Croatia.
Dated 01/03/2023.
Loan £230,000 GBP (converted to EUR at the middle rate, sent with multiple payments equaling the total loan amount).
The Borrower promises to repay this principal amount to the lender, with interest payable on the unpaid principal at the rate of 1.50 percent per annum, calculated yearly not in advance, beginning on 01/09/2023. The loan may be drawn down in smaller amounts, as required.
2. Loan to Bucks Property Services d.o.o of Ulica Ivana Mazuranica 38, 10430 Samobor, Croatia.
Dated 01/03/2023.
Loan £220,000 GBP (converted to EUR at the middle rate, sent with multiple payments equaling the total loan amount).
The Borrower promises to repay this principal amount to the lender, with interest payable on the unpaid principal at the rate of 3.00 percent per annum, calculated yearly not in advance, beginning on 01/03/2023.
9
Average number of employees
During the year the average number of employees was 5 (2022: 4).