IRIS Accounts Production v24.1.9.2 02481562 Board of Directors 1.11.22 31.10.23 31.10.23 false true false false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh024815622022-10-31024815622023-10-31024815622022-11-012023-10-31024815622021-10-31024815622021-11-012022-10-31024815622022-10-3102481562ns15:EnglandWales2022-11-012023-10-3102481562ns14:PoundSterling2022-11-012023-10-3102481562ns10:Director12022-11-012023-10-3102481562ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3102481562ns10:SmallEntities2022-11-012023-10-3102481562ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3102481562ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3102481562ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3102481562ns10:FullAccounts2022-11-012023-10-310248156212022-11-012023-10-3102481562ns10:Director22022-11-012023-10-3102481562ns10:RegisteredOffice2022-11-012023-10-3102481562ns5:CurrentFinancialInstruments2023-10-3102481562ns5:CurrentFinancialInstruments2022-10-3102481562ns5:ShareCapital2023-10-3102481562ns5:ShareCapital2022-10-3102481562ns5:RevaluationReserve2023-10-3102481562ns5:RevaluationReserve2022-10-3102481562ns5:RetainedEarningsAccumulatedLosses2023-10-3102481562ns5:RetainedEarningsAccumulatedLosses2022-10-3102481562ns5:IntangibleAssetsOtherThanGoodwill2022-11-012023-10-3102481562ns5:LandBuildings2022-11-012023-10-3102481562ns5:PlantMachinery2022-11-012023-10-3102481562ns5:NetGoodwill2022-10-3102481562ns5:IntangibleAssetsOtherThanGoodwill2022-10-3102481562ns5:NetGoodwill2022-11-012023-10-3102481562ns5:NetGoodwill2023-10-3102481562ns5:IntangibleAssetsOtherThanGoodwill2023-10-3102481562ns5:NetGoodwill2022-10-3102481562ns5:IntangibleAssetsOtherThanGoodwill2022-10-3102481562ns5:LandBuildings2022-10-3102481562ns5:PlantMachinery2022-10-3102481562ns5:LandBuildings2023-10-3102481562ns5:PlantMachinery2023-10-3102481562ns5:LandBuildings2022-10-3102481562ns5:PlantMachinery2022-10-3102481562ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3102481562ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3102481562ns5:CurrentFinancialInstruments2022-11-012023-10-31
REGISTERED NUMBER: 02481562 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Brockhill Contracts Limited

Brockhill Contracts Limited (Registered number: 02481562)

Contents of the Financial Statements
for the Year Ended 31 October 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Brockhill Contracts Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mr M Murfitt
Mr K W Murfitt





REGISTERED OFFICE: Lewis House
Great Chesterford Court
Great Chesterford
Essex
CB10 1PF





BUSINESS ADDRESS: 118 Mildenhall Road
Fordham
Cambridgeshire
CB7 5NR





REGISTERED NUMBER: 02481562 (England and Wales)

Brockhill Contracts Limited (Registered number: 02481562)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 6,888 8,267
Tangible assets 6 1,919,225 1,776,563
Investment property 7 275,000 210,745
2,201,113 1,995,575

CURRENT ASSETS
Debtors 8 103,427 146,139
Cash at bank 584,297 651,251
687,724 797,390
CREDITORS
Amounts falling due within one year 9 103,143 9,192
NET CURRENT ASSETS 584,581 788,198
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,785,694

2,783,773

PROVISIONS FOR LIABILITIES 83,255 -
NET ASSETS 2,702,439 2,783,773

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 10 48,191 -
Retained earnings 2,654,246 2,783,771
2,702,439 2,783,773

Brockhill Contracts Limited (Registered number: 02481562)

Balance Sheet - continued
31 October 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 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.

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 31 July 2024 and were signed on its behalf by:





Mr K W Murfitt - Director


Brockhill Contracts Limited (Registered number: 02481562)

Notes to the Financial Statements
for the Year Ended 31 October 2023


1. STATUTORY INFORMATION

Brockhill Contracts 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Farming entitlements are being amortised evenly over its estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instruments.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes, in effect, a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.


Brockhill Contracts Limited (Registered number: 02481562)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 November 2022 1 8,266 8,267
Disposals (1 ) - (1 )
At 31 October 2023 - 8,266 8,266
AMORTISATION
Charge for year - 1,378 1,378
At 31 October 2023 - 1,378 1,378
NET BOOK VALUE
At 31 October 2023 - 6,888 6,888
At 31 October 2022 1 8,266 8,267

Brockhill Contracts Limited (Registered number: 02481562)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2022 1,480,393 394,368 1,874,761
Additions 650 221,961 222,611
At 31 October 2023 1,481,043 616,329 2,097,372
DEPRECIATION
At 1 November 2022 - 98,198 98,198
Charge for year - 79,949 79,949
At 31 October 2023 - 178,147 178,147
NET BOOK VALUE
At 31 October 2023 1,481,043 438,182 1,919,225
At 31 October 2022 1,480,393 296,170 1,776,563

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022 210,745
Revaluations 64,255
At 31 October 2023 275,000
NET BOOK VALUE
At 31 October 2023 275,000
At 31 October 2022 210,745

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2023 64,255
Cost 210,745
275,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 210,745 210,745

The investment property was valued on an open market basis on 31 October 2023 by the directors of the company .

Brockhill Contracts Limited (Registered number: 02481562)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023


8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 10,029 86,468
Other debtors 93,398 59,671
103,427 146,139

Included within other debtors disclosed above is a balance of £121 (2022 - £272) in relation to prepayments, a balance of £15,619 (2022 - £20,379) in relation to VAT, a balance of £Nil (2022 - £11,020) in relation to the directors loan accounts, a balance of £45,369 (2022 - £Nil) in relation to farm valuation and a balance of £32,289 (2022 - £28,000) in relation to intercompany loans.

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 44,519 -
Taxation and social security 3,548 329
Other creditors 55,076 8,863
103,143 9,192

Included within other creditors disclosed above is a balance of £46,127 (2022 - £1,863) in relation to accruals, a balance of £8,949 (2022 - £Nil) in relation to the directors loan account and a balance of £Nil (2022 - £7,000) in relation to other creditors.

10. RESERVES
Revaluation
reserve
£   
Movement in the year 48,191

At 31 October 2023 48,191