Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-12-01false11true 06831067 2022-12-01 2023-11-30 06831067 2021-12-01 2022-11-30 06831067 2023-11-30 06831067 2022-11-30 06831067 c:Director1 2022-12-01 2023-11-30 06831067 d:Buildings 2022-12-01 2023-11-30 06831067 d:Buildings 2023-11-30 06831067 d:Buildings 2022-11-30 06831067 d:Buildings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 06831067 d:Buildings d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 06831067 d:PlantMachinery 2022-12-01 2023-11-30 06831067 d:MotorVehicles 2022-12-01 2023-11-30 06831067 d:FurnitureFittings 2022-12-01 2023-11-30 06831067 d:OfficeEquipment 2022-12-01 2023-11-30 06831067 d:OtherPropertyPlantEquipment 2022-12-01 2023-11-30 06831067 d:OtherPropertyPlantEquipment 2023-11-30 06831067 d:OtherPropertyPlantEquipment 2022-11-30 06831067 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 06831067 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 06831067 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 06831067 d:LeasedAssetsHeldAsLessee 2022-12-01 2023-11-30 06831067 d:CurrentFinancialInstruments 2023-11-30 06831067 d:CurrentFinancialInstruments 2022-11-30 06831067 d:Non-currentFinancialInstruments 2023-11-30 06831067 d:Non-currentFinancialInstruments 2022-11-30 06831067 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 06831067 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 06831067 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 06831067 d:Non-currentFinancialInstruments d:AfterOneYear 2022-11-30 06831067 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 06831067 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-11-30 06831067 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 06831067 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-11-30 06831067 d:ShareCapital 2023-11-30 06831067 d:ShareCapital 2022-11-30 06831067 d:RetainedEarningsAccumulatedLosses 2023-11-30 06831067 d:RetainedEarningsAccumulatedLosses 2022-11-30 06831067 c:OrdinaryShareClass1 2022-12-01 2023-11-30 06831067 c:OrdinaryShareClass1 2023-11-30 06831067 c:OrdinaryShareClass1 2022-11-30 06831067 c:FRS102 2022-12-01 2023-11-30 06831067 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 06831067 c:FullAccounts 2022-12-01 2023-11-30 06831067 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 06831067 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2022-12-01 2023-11-30 06831067 2 2022-12-01 2023-11-30 06831067 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-11-30 06831067 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-11-30 06831067 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-30 06831067 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-11-30 06831067 d:LeasedAssetsHeldAsLessee 2023-11-30 06831067 d:LeasedAssetsHeldAsLessee 2022-11-30 06831067 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06831067









BRANCHES PARK HATCHERIES LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
BRANCHES PARK HATCHERIES LTD
REGISTERED NUMBER: 06831067

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
300,082
357,305

Current assets
  

Stocks
  
7,175
31,548

Debtors: amounts falling due within one year
 5 
238,708
164,861

Cash at bank
  
114,229
13,285

Current liabilites
  
360,112
209,694

Creditors: amounts falling due within one year
 6 
(943,120)
(913,295)

Net current liabilities
  
 
 
(583,008)
 
 
(703,601)

Total assets less current liabilities
  
(282,926)
(346,296)

Creditors: amounts falling due after more than one year
 7 
(15,661)
(45,172)

Net liabilities
  
(298,587)
(391,468)


Capital and reserves
  

Called up share capital 
 9 
60
60

Profit and loss account
  
(298,647)
(391,528)

  
(298,587)
(391,468)


Page 1

 
BRANCHES PARK HATCHERIES LTD
REGISTERED NUMBER: 06831067

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






................................................
Mr P R C Bailey
Director

Date: 30 August 2024

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BRANCHES PARK HATCHERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Branches Park Hatcheries Ltd is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ. This Company is not part of a group. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is only able to trade with the continuing support of the director. The director has indicated that this support will not be withdrawn. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of this support.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BRANCHES PARK HATCHERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
25%
reducing balance
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.7

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
BRANCHES PARK HATCHERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).


4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost


At 1 December 2022
125,935
1,068,933
1,194,868


Additions
-
42,804
42,804



At 30 November 2023

125,935
1,111,737
1,237,672



Depreciation


At 1 December 2022
87,489
750,074
837,563


Charge for the year on owned assets
9,612
66,206
75,818


Charge for the year on financed assets
-
24,209
24,209



At 30 November 2023

97,101
840,489
937,590



Net book value



At 30 November 2023
28,834
271,248
300,082



At 30 November 2022
38,446
318,859
357,305

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
53,877
71,836

Motor vehicles
18,750
25,000

72,627
96,836

Page 5

 
BRANCHES PARK HATCHERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors
174,973
112,629

Other debtors
12,956
7,095

Prepayments
50,779
45,137

238,708
164,861



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,119
9,870

Other loans
474,539
475,022

Trade creditors
108,927
64,403

Obligations under finance lease and hire purchase contracts
19,392
29,400

Other creditors
324,260
327,693

Accruals
5,883
6,907

943,120
913,295


Page 6

 
BRANCHES PARK HATCHERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
15,661
25,780

Obligations under finance lease and hire purchase contracts
-
19,392

15,661
45,172


The following liabilities were secured:

2023
2022
£
£



Due in < 1 year
19,392
29,400

Due in 1 - 2 years
-
19,392

19,392
48,792

Details of security provided:

Included within creditors are secured debts amounting to £19,392 (2022 - £48,792) which are secured on the fixed assets to which they relate.


8.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,119
9,870

Other loans
474,539
475,022


484,658
484,892

Amounts falling due 1-2 years

Bank loans
10,375
10,119

Amounts falling due 2-5 years

Bank loans
5,286
15,661


500,319
510,672


Page 7

 
BRANCHES PARK HATCHERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



60 (2022 - 60) Ordinary shares of £1.00 each
60
60



10.


Related party transactions

During the year the Company operated loans with the director of the Company. The amount payable to the director of the Company at the year end was £474,539 (2022 - £475,022). This loan is interest free and repayable on demand. 
During the year the Company operated loans with Mrs G Bailey, the wife of the director. The amount due to her at the year end was £nil (2022 - £3,433). This loan is interest free and repayable on demand. 


Page 8