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REGISTERED NUMBER: 03124528 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2023

for

BARBARA HEYES LAND IMPROVEMENT LIMITED

BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARBARA HEYES LAND IMPROVEMENT LIMITED

Company Information
for the Year Ended 30th November 2023







DIRECTORS: Mr J Heyes
Mr G W Heyes





SECRETARY: Mrs E S Sephton





REGISTERED OFFICE: Mossborough Bungalow
Mossborough Hall Lane
Rainford
St Helens
Merseyside
WA11 7JE





REGISTERED NUMBER: 03124528 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)

Balance Sheet
30th November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 863,235 813,198

CURRENT ASSETS
Stocks 5 234,492 213,228
Debtors 6 19,281 46,970
Cash at bank 48,922 26,238
302,695 286,436
CREDITORS
Amounts falling due within one year 7 25,739 45,999
NET CURRENT ASSETS 276,956 240,437
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,140,191

1,053,635

CREDITORS
Amounts falling due after more than one
year

8

(38,378

)

-

PROVISIONS FOR LIABILITIES (112,685 ) (62,208 )
NET ASSETS 989,128 991,427

CAPITAL AND RESERVES
Called up share capital 11 99 99
Revaluation reserve 419,763 452,075
Retained earnings 569,266 539,253
SHAREHOLDERS' FUNDS 989,128 991,427

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

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

BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)

Balance Sheet - continued
30th 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th August 2024 and were signed on its behalf by:




Mr J Heyes - Director



Mr G W Heyes - Director


BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)

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

1. STATUTORY INFORMATION

Barbara Heyes Land Improvement 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.

Revenue recognition
Revenue is the value of livestock (net of value added tax) provided to customers during the year, and the receipts of subsidies.

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.
Improvements to property - 25% on cost
Plant and machinery - 25% on reducing balance

In accordance with the Financial Reporting Standard 102 section 1A (effective January 2015) no depreciation is provided in respect of freehold properties. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified.

Inventories
The company has opted to value inventories using the fair value model. This is done through an independent valuer.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)

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

2. ACCOUNTING POLICIES - continued
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.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

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

BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)

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

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
Land property machinery Totals
£    £    £    £   
COST OR VALUATION
At 1st December 2022 721,392 58,630 134,579 914,601
Additions - - 103,950 103,950
Disposals - - (57,400 ) (57,400 )
At 30th November 2023 721,392 58,630 181,129 961,151
DEPRECIATION
At 1st December 2022 - - 101,403 101,403
Charge for year - 14,658 23,293 37,951
Eliminated on disposal - - (41,438 ) (41,438 )
At 30th November 2023 - 14,658 83,258 97,916
NET BOOK VALUE
At 30th November 2023 721,392 43,972 97,871 863,235
At 30th November 2022 721,392 58,630 33,176 813,198

Cost or valuation at 30th November 2023 is represented by:

Improvements
to Plant and
Land property machinery Totals
£    £    £    £   
Valuation in 2023 507,980 - - 507,980
Cost 213,412 58,630 181,129 453,171
721,392 58,630 181,129 961,151

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
Additions 87,950
At 30th November 2023 87,950
DEPRECIATION
Charge for year 18,323
At 30th November 2023 18,323
NET BOOK VALUE
At 30th November 2023 69,627

BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)

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

5. STOCKS
30.11.23 30.11.22
£    £   
Stocks 234,492 213,228

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors - 29,410
Other debtors 1,784 -
VAT 3,419 4,003
Prepayments 14,078 13,557
19,281 46,970

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts (see note 9) 11,790 -
Trade creditors 7,879 4,249
Tax - 16,714
Other creditors 2,488 7,832
Directors' current accounts 2,012 15,704
Accrued expenses 1,570 1,500
25,739 45,999

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Hire purchase contracts (see note 9) 38,378 -

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.11.23 30.11.22
£    £   
Net obligations repayable:
Within one year 11,790 -
Between one and five years 38,378 -
50,168 -

BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Hire purchase contracts 50,168 -

The Hire Purchase finance is secured against the asset to which it relates.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
99 Ordinary £1 99 99

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed £2,012 (2022: £15,704) to the directors. No interest has been charged on this loan and it is repayable on demand.