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REGISTERED NUMBER: 03757061 (England and Wales)




UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BRISTOL MEMORIAL WOODLANDS LIMITED

BRISTOL MEMORIAL WOODLANDS LIMITED (REGISTERED NUMBER: 03757061)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 10


BRISTOL MEMORIAL WOODLANDS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: C Wilcox
C H Baker
P H Baker
D J Sinclair Rae





REGISTERED OFFICE: C/O Memorial Woodlands
Earthcott Green
Alveston
Bristol
BS35 3TA





REGISTERED NUMBER: 03757061 (England and Wales)





ACCOUNTANTS: Poole Waterfield Limited
Ground Floor
Custom House
Waterfront East
Brierley Hill
West Midlands
DY5 1XH

BRISTOL MEMORIAL WOODLANDS LIMITED (REGISTERED NUMBER: 03757061)

BALANCE SHEET
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,538,391 1,461,452
Investments 5 - -
1,538,391 1,461,452

CURRENT ASSETS
Stocks 1,245,042 1,067,000
Debtors 6 99,937 74,968
Cash at bank and in hand 362,026 816,120
1,707,005 1,958,088
CREDITORS
Amounts falling due within one year 7 1,231,314 1,461,328
NET CURRENT ASSETS 475,691 496,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,014,082

1,958,212

CREDITORS
Amounts falling due after more than one
year

8

(529,861

)

(481,985

)

PROVISIONS FOR LIABILITIES 11 (144,199 ) (141,325 )
NET ASSETS 1,340,022 1,334,902

BRISTOL MEMORIAL WOODLANDS LIMITED (REGISTERED NUMBER: 03757061)

BALANCE SHEET - continued
30 APRIL 2024

30.4.24 30.4.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 12 895 895
Share premium 208,052 208,052
Revaluation reserve 357,500 355,000
Capital redemption reserve 106 106
Retained earnings 773,469 770,849
SHAREHOLDERS' FUNDS 1,340,022 1,334,902

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

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 7 August 2024 and were signed on its behalf by:





C H Baker - Director


BRISTOL MEMORIAL WOODLANDS LIMITED (REGISTERED NUMBER: 03757061)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Bristol Memorial Woodlands 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.

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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Bristol Memorial Woodlands Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover in relation to funeral services is recognised on the date of the service. Turnover in relation to the sale of plots is recognised when a specific plot allocation is made.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Depreciation is provided on freehold buildings on a straight line basis at 2% or 25% per annum, or over 10 years.

Motor vehicles subject to extensive restoration are not depreciated until the restoration is complete.

Investments in subsidiaries
The investment in the subsidiary company is shown at cost less impairment.

Stocks
Stock represents the cost of unsold burial plots at the end of each accounting period.


BRISTOL MEMORIAL WOODLANDS LIMITED (REGISTERED NUMBER: 03757061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 27 ) .

BRISTOL MEMORIAL WOODLANDS LIMITED (REGISTERED NUMBER: 03757061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS
Freehold Fixtures
land and and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST OR VALUATION
At 1 May 2023 1,629,625 231,158 315,678 32,040 2,208,501
Additions 105,286 17,558 15,590 24,892 163,326
Reclassification/transfer 30,000 - - - 30,000
At 30 April 2024 1,764,911 248,716 331,268 56,932 2,401,827
DEPRECIATION
At 1 May 2023 336,585 187,237 193,647 29,580 747,049
Charge for year 79,960 15,370 10,816 10,241 116,387
At 30 April 2024 416,545 202,607 204,463 39,821 863,436
NET BOOK VALUE
At 30 April 2024 1,348,366 46,109 126,805 17,111 1,538,391
At 30 April 2023 1,293,040 43,921 122,031 2,460 1,461,452

Cost or valuation at 30 April 2024 is represented by:

Freehold Fixtures
land and and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
Valuation in 2015 500,000 - - - 500,000
Cost 1,264,911 248,716 331,268 56,932 1,901,827
1,764,911 248,716 331,268 56,932 2,401,827

If freehold land and property had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 1,264,911 1,129,625
Aggregate depreciation 326,545 256,585

Freehold land and property were valued on an open market basis on 10 July 2015 by Christie & Co .

BRISTOL MEMORIAL WOODLANDS LIMITED (REGISTERED NUMBER: 03757061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST OR VALUATION
At 1 May 2023 127,945
Transfer to ownership (127,945 )
At 30 April 2024 -
DEPRECIATION
At 1 May 2023 98,072
Transfer to ownership (98,072 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 29,873

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 15,000
Impairments (15,000 )
At 30 April 2024 -
NET BOOK VALUE
At 30 April 2024 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 75,350 59,427
Other debtors 24,587 15,541
99,937 74,968

Included in other debtors there is an amount of £5,136 (2023 - £8,001) outstanding from a member of the board of directors.The balance is unsecured and interest free.The movement in the loan balance during the year consists of advances of £67,500 and credits of £70,365.

BRISTOL MEMORIAL WOODLANDS LIMITED (REGISTERED NUMBER: 03757061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts (see note 9) 61,557 238,461
Hire purchase contracts - 10,488
Trade creditors 150,708 68,284
Taxation and social security 61,981 116,536
Other creditors 957,068 1,027,559
1,231,314 1,461,328

Creditors within one year includes redeemable "C" shares of £1,000 (2023 - £NIL).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans (see note 9) 529,861 481,985

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 309,827 254,500

9. LOANS

An analysis of the maturity of loans is given below:

30.4.24 30.4.23
£    £   
Amounts falling due within one year or on demand:
Bank loans 61,557 238,461
Other loans 30,444 -
92,001 238,461

Amounts falling due between two and five years:
Bank loans - 2-5 years 220,034 227,485

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 309,827 254,500

BRISTOL MEMORIAL WOODLANDS LIMITED (REGISTERED NUMBER: 03757061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Bank loans 591,418 720,446
Hire purchase contracts - 10,488
591,418 730,934

As at 30th April 2024 the bank borrowing facilities of the company were secured by:

a) fixed and floating charges on all property and assets.

b) specific legal charges and debentures over the company's land and buildings.

11. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax on plant &
machinery etc 41,699 36,325
Deferred tax on property
revaluation 102,500 105,000
144,199 141,325

Deferred Other
tax provisions
£    £   
Balance at 1 May 2023 36,325 105,000
Provided during year 5,374 (2,500 )
Balance at 30 April 2024 41,699 102,500

The balance of £41,699 (2023 - £36,325) above relates to accelerated capital allowances.

The balance of £102,500 (2023 - £105,000) above relates to deferred tax arising on the property revaluation reserve.

BRISTOL MEMORIAL WOODLANDS LIMITED (REGISTERED NUMBER: 03757061)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
894 Ordinary £1 894 894
1 B £1 1 1
895 895

During the year the company issued a redeemable "C" share of £1 for a premium of £999. This share is included as a liability of £1,000 in note 10 (note 7 in the accounts filed at Companies House).

13. FINANCIAL COMMITMENTS

The company is subject to an operating lease commitment of £16,000 per year expiring in 2028.

14. RELATED PARTY DISCLOSURES

The amounts owed to related parties are as follows:


30.4.24 30.4.23
£    £   
Bristol Memorial Woodlands Trust 93,246 187,216


A trustee of Bristol Memorial Woodlands Trust is a director of Bristol Memorial Woodlands Limited.

During the year the company acquired a 100% shareholding in a subsidiary company for £15,000, note 8 refers (note 5 in the accounts filed at Companies House). The vendors were related to Bristol Memorial Woodlands Limited by virtue of common directorship shareholding (and family relationship with a director/shareholder).

15. ULTIMATE CONTROLLING PARTY

The controlling party is C H Baker.