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REGISTERED NUMBER: 12318903 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

Breckland & Hall Limited

Breckland & Hall Limited (Registered number: 12318903)

Contents of the Financial Statements
for the Year Ended 30 November 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


Breckland & Hall Limited (Registered number: 12318903)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £ £
Fixed assets
Tangible assets 5 1,343 2,177
Investment property 6 201,855 201,855
203,198 204,032

Current assets
Debtors 7 189,675 625
Cash at bank 113,446 168,436
303,121 169,061
Creditors
Amounts falling due within one year 8 (133,107 ) (194,143 )
Net current assets/(liabilities) 170,014 (25,082 )
Total assets less current liabilities 373,212 178,950

Provisions for liabilities (336 ) -
Net assets 372,876 178,950

Capital and reserves
Called up share capital 100 100
Retained earnings 372,776 178,850
372,876 178,950

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Breckland & Hall Limited (Registered number: 12318903)

Balance Sheet - continued
30 November 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 August 2024 and were signed on its behalf by:





Mr P J McDermott - Director


Breckland & Hall Limited (Registered number: 12318903)

Notes to the Financial Statements
for the Year Ended 30 November 2023


1. Statutory information

Breckland & Hall Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12318903

Registered office: 22-26 King Street
King's Lynn
Norfolk
PE30 1HJ

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.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

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.
Computer equipment - 25% p.a. reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Breckland & Hall Limited (Registered number: 12318903)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


3. Accounting policies - continued

Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

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

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes 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.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.


Breckland & Hall Limited (Registered number: 12318903)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


3. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

4. Employees and directors

The average number of employees during the year was 4 (2022 - 3 ) .

5. Tangible fixed assets
Computer
equipment
£
Cost
At 1 December 2022 2,750
Additions 322
Disposals (917 )
At 30 November 2023 2,155
Depreciation
At 1 December 2022 573
Charge for year 430
Eliminated on disposal (191 )
At 30 November 2023 812
Net book value
At 30 November 2023 1,343
At 30 November 2022 2,177

Breckland & Hall Limited (Registered number: 12318903)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023


6. Investment property
Total
£
Fair value
At 1 December 2022
and 30 November 2023 201,855
Net book value
At 30 November 2023 201,855
At 30 November 2022 201,855

Investment property is included at its market value. This value was ascertained by the directors at the balance sheet date.

7. Debtors: amounts falling due within one year
30.11.23 30.11.22
£ £
Other debtors 189,675 625

8. Creditors: amounts falling due within one year
30.11.23 30.11.22
£ £
Taxation and social security 59,816 36,289
Other creditors 73,291 157,854
133,107 194,143

9. Related party disclosures

During the year there were net transactions with the directors of £83,483 (2022 - £73,217). As at the balance sheet date £69,350 (2022 - £152,833) was owed to the directors by the company.

No further transactions with related parties were undertaken such as are required to be disclosed under FRS 102 Section 1A.