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REGISTERED NUMBER: 10124790 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2024

for

B Bamford Limited

B Bamford Limited (Registered number: 10124790)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


B Bamford Limited

Company Information
for the Year Ended 31 March 2024







Directors: B O Bamford
H R Bamford





Registered office: 10 The Southend
Ledbury
Herefordshire
HR8 2EY





Registered number: 10124790 (England and Wales)





Accountants: Crowthers Chartered Accountants
15 St Georges Road
Cheltenham
Gloucestershire
GL50 3DT

B Bamford Limited (Registered number: 10124790)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 94,207 100,326
Investment property 5 110,325 110,325
204,532 210,651

CURRENT ASSETS
Debtors 6 245 2,005
Cash at bank 1,303 1,805
1,548 3,810
CREDITORS
Amounts falling due within one year 7 65,194 63,733
NET CURRENT LIABILITIES (63,646 ) (59,923 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

140,886

150,728

CREDITORS
Amounts falling due after more than one year 8 (119,590 ) (131,522 )

PROVISIONS FOR LIABILITIES (5,659 ) (452 )
NET ASSETS 15,637 18,754

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 14,637 17,754
SHAREHOLDERS' FUNDS 15,637 18,754

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

B Bamford Limited (Registered number: 10124790)

Balance Sheet - continued
31 March 2024


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 Board of Directors and authorised for issue on 20 May 2024 and were signed on its behalf by:





B O Bamford - Director


B Bamford Limited (Registered number: 10124790)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

B Bamford 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

The financial statements have been prepared on a going concern basis as the directors intend to support the company. The financial statements do not include any adjustment that would result from the withdrawal of the directors support.

Significant judgements and estimates
In the application of the company's accounting policies, which are described in note 2, the directors are required to make judgements; estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered· to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The following are the critical judgements, apart from those involving estimations (which are dealt with separately below), that the directors have made in the process of applying the company's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.

Split use property

The company owns a property, part of which is rented out and the other occupied as its own offices. Therefore, split accounting treatment arises with both investment and freehold property shown on the balance sheet, carried at fair value and cost less depreciation respectively. Significant judgement is required in determining the split of the property and subsequent revaluation of the investment property element; the company considers both floor area and market rent.

Investment property valuation

In the absence of current prices in an active market for similar properties, the company considers information from a variety of sources, including:
(a) current prices in an active market for properties of a different nature, condition or location, adjusted to reflect those differences;
(b) recent prices of similar properties on less active markets, with adjustments to reflect any changes in economic conditions since the date of the transactions that occurred at those prices; and
(c) discounted cash flow projections based on reliable estimates of future cash flows, supported by the terms of any existing lease and other contracts and (when possible) by external evidence such as current market rents for similar properties in the same location and condition, and using discount rates that reflect current market assessments of the uncertainty in the amount and timing of the cash flows.

B Bamford Limited (Registered number: 10124790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold property - 25 years straight line
Plant and machinery - 20% reducing balance
Fixtures and fittings - 20 years straight line

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 and deferred tax
Current tax: including UK corporation tax, is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised only when, on the basis of all available evidence, it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of the timing difference.

Where items recognised in other comprehensive income or equity are chargeable to or deductible for tax purposes, the resulting current or deferred tax expense or income is presented in the same component of comprehensive income or equity as the transaction or other event that resulted in the tax expense or income.

Current tax assets and liabilities are offset only when there is a legally enforceable right to set off the amounts and the company intends either to settle on a net basis or to realise the asset and settle the liability simultaneously.

Deferred tax assets and liabilities are offset only if: a) the company has a legally enforceable right to set off current tax assets against current tax liabilities; and b) the deferred tax assets and deferred tax liabilities relate to income taxes levied by the same taxation authority on either the same taxable entity or different taxable entities which intend either to settle current tax liabilities and assets on a net basis, or to realise the assets and settle the liabilities simultaneously, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

B Bamford Limited (Registered number: 10124790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
Cost
At 1 April 2023
and 31 March 2024 92,478 579 47,775 140,832
Depreciation
At 1 April 2023 24,353 427 15,726 40,506
Charge for year 3,699 31 2,389 6,119
At 31 March 2024 28,052 458 18,115 46,625
Net book value
At 31 March 2024 64,426 121 29,660 94,207
At 31 March 2023 68,125 152 32,049 100,326

5. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2023
and 31 March 2024 110,325
Net book value
At 31 March 2024 110,325
At 31 March 2023 110,325

Investment property was valued on an open market basis by the director of the company. It was concluded that the historical cost is equal to the fair value.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 245 2,005

B Bamford Limited (Registered number: 10124790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,896 11,823
Trade creditors 2,750 2,750
Amounts owed to group undertakings 47,848 46,460
Other creditors 2,700 2,700
65,194 63,733

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 119,590 131,522

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 67,645 79,898

This loan is secured with fixed and floating charges over assets held within the company.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1 1,000 1,000

10. RELATED PARTY DISCLOSURES

As at the year end 31 March 2024, the company had the following inter-group balance:

Bamford Wealth Management Limited: £47,848 (2023: £46,460)

This has been included within creditors. The loan is interest free and repayable on demand.

B Bamford Limited (Registered number: 10124790)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. ULTIMATE CONTROLLING PARTY

Please note the company is a wholly owned subsidiary of B Bamford Holdings Limited:

Registered number: 10501177

Registered office:

Troyte House Enigma Commercial Centre
Sandys Road
Malvern
Worcestershire
England
WR14 1JJ

The company remains under the ultimate control of Mr B O Bamford.