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REGISTERED NUMBER: 05819742 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

BDF Plant Limited

BDF Plant Limited (Registered number: 05819742)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BDF Plant Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: H W Mew
P J Wheelhouse





REGISTERED OFFICE: Private Road no. 3
Colwick Industrial Estate
Colwick
Nottinghamshire
NG4 2BB





REGISTERED NUMBER: 05819742 (England and Wales)





ACCOUNTANTS: Xeinadin
Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ

BDF Plant Limited (Registered number: 05819742)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investments 6 2,000,000 2,000,000
Investment property 7 2,500,000 2,500,000
4,500,000 4,500,000

CURRENT ASSETS
Debtors 8 18,899 202,835
Investments 9 7,796,299 4,187,387
Cash at bank 2,035,771 4,774,018
9,850,969 9,164,240
CREDITORS
Amounts falling due within one year 10 86,367 89,480
NET CURRENT ASSETS 9,764,602 9,074,760
TOTAL ASSETS LESS CURRENT
LIABILITIES

14,264,602

13,574,760

PROVISIONS FOR LIABILITIES 11 274,404 225,118
NET ASSETS 13,990,198 13,349,642

CAPITAL AND RESERVES
Called up share capital 48 48
Revaluation reserve 12 1,839,650 1,839,650
Capital redemption reserve 12 18 18
Retained earnings 12 12,150,482 11,509,926
SHAREHOLDERS' FUNDS 13,990,198 13,349,642

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

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

BDF Plant Limited (Registered number: 05819742)

Balance Sheet - continued
31 December 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 6 June 2024 and were signed on its behalf by:





H W Mew - Director


BDF Plant Limited (Registered number: 05819742)

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

1. STATUTORY INFORMATION

BDF Plant 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.

These financial statements have been produced on a going concern basis. Having carried out a review of the company's resources and the challenges presented by the current trading climate, the directors are satisfied that the company has sufficient cash flows to meet its liabilities as they fall due for at least one year from the date of approval of these accounts.

Turnover
Turnover represents rental income receivable during the period arising from the leasing of both property and plant & machinery. Rental income is recognised on a straight line basis over the length of the lease agreement.

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.
Plant and machinery - 10-15% straight line, per annum
Fixtures and fittings - 10-50% straight line, per annum
Motor vehicles - 10-33% straight line, per annum

All tangible fixed assets are recorded at their purchase cost to either the company or British Drilling and Freezing Company Limited where assets were originally purchased by that company prior to the transfer on 1 November 2006. The cost of tangible fixed assets is their purchase price together with any incidental costs of acquisition.

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement. Deferred taxation is provided on these gains or losses, to the extent they are recoverable, at the rate expected to apply when the property is sold.

Financial instruments
Basic financial instruments are recognised at amortised cost. Other financial instruments are recognised at fair value through profit or loss.


BDF Plant Limited (Registered number: 05819742)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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.

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.

Investments
Fixed asset investments are stated at cost less impairment.

Current asset investments include sums on short-term deposits with recognised investment managers. Current asset investments are recognised at fair value with any fair value adjustments included within the profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - NIL ) .

BDF Plant Limited (Registered number: 05819742)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 9,741,552 139,545 100,189 40,616 10,021,902
Disposals - - (53,000 ) - (53,000 )
At 31 December 2023 9,741,552 139,545 47,189 40,616 9,968,902
DEPRECIATION
At 1 January 2023 9,741,552 139,545 100,189 40,616 10,021,902
Eliminated on disposal - - (53,000 ) - (53,000 )
At 31 December 2023 9,741,552 139,545 47,189 40,616 9,968,902
NET BOOK VALUE
At 31 December 2023 - - - - -
At 31 December 2022 - - - - -

All of the assets included above are held for use in operating leases.

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 2,000,000
NET BOOK VALUE
At 31 December 2023 2,000,000
At 31 December 2022 2,000,000

The above investment is in BDF Partnership LLP, a limited liability partnership in which the members are directors of BDF Plant Limited. The registered office for BDF Partnership LLP is Private Road No.3, Colwick Industrial Estate, Colwick, Nottingham, Nottinghamshire, NG4 2BB.

BDF Plant Limited (Registered number: 05819742)

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

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 2,500,000
NET BOOK VALUE
At 31 December 2023 2,500,000
At 31 December 2022 2,500,000

The investment property has been valued by the directors on an open market basis.

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

31.12.2331.12.22
£   £   
Cost1,243,9581,243,958
Aggregate depreciation(740,301)(720,249)
Net book value503,657523,709

The investment property has been valued by the directors on an open market basis.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 18,010 202,835
VAT 889 -
18,899 202,835

9. CURRENT ASSET INVESTMENTS
31.12.23 31.12.22
£    £   
Other 7,796,299 4,187,387

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 28,867 -
Corporation tax 53,402 84,078
Social security and other taxes 2,498 -
Other creditors 1,600 5,402
86,367 89,480

BDF Plant Limited (Registered number: 05819742)

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

11. PROVISIONS FOR LIABILITIES

Provisions have been made for the deferred tax on the potential gain on the sale of investment property of £193,347 (2022: £193,347) and deferred tax on the potential gain on the revalued current asset investments of £81,057 (2022: £31,771).

The rate used in deferred tax calculations is 25%.

12. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 January 2023 11,509,926 1,839,650 18 13,349,594
Profit for the year 657,220 657,220
Dividends (16,664 ) (16,664 )
At 31 December 2023 12,150,482 1,839,650 18 13,990,150