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REGISTERED NUMBER: 03203363 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 August 2023

for

UPPER BILLESLEY ESTATES LTD.

UPPER BILLESLEY ESTATES LTD. (REGISTERED NUMBER: 03203363)

Contents of the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


UPPER BILLESLEY ESTATES LTD.

Company Information
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: A P M Bird OBE
J E Bird





REGISTERED OFFICE: The Hunting Lodge
Billesley Road
Upper Billesley
Stratford-upon-Avon
Warwickshire
CV37 9RA





REGISTERED NUMBER: 03203363 (England and Wales)





ACCOUNTANTS: Haines Watts (Western) Limited
Chartered Accountants
Bath House
6 - 8 Bath Street
Bristol
BS1 6HL

UPPER BILLESLEY ESTATES LTD. (REGISTERED NUMBER: 03203363)

Balance Sheet
31 AUGUST 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 457,051 457,051
Investment property 5 300,000 300,000
757,051 757,051

CURRENT ASSETS
Stocks 61,250 28,000
Debtors 6 3,231 57,911
64,481 85,911
CREDITORS
Amounts falling due within one year 7 (47,116 ) (23,042 )
NET CURRENT ASSETS 17,365 62,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

774,416

819,920

CREDITORS
Amounts falling due after more than one
year

8

(191,024

)

(190,364

)

PROVISIONS FOR LIABILITIES (14,653 ) (17,721 )
NET ASSETS 568,739 611,835

CAPITAL AND RESERVES
Called up share capital 290,000 290,000
Fair value reserve 70,495 79,700
Retained earnings 208,244 242,135
SHAREHOLDERS' FUNDS 568,739 611,835

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

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

UPPER BILLESLEY ESTATES LTD. (REGISTERED NUMBER: 03203363)

Balance Sheet - continued
31 AUGUST 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





A P M Bird OBE - Director


UPPER BILLESLEY ESTATES LTD. (REGISTERED NUMBER: 03203363)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 AUGUST 2023


1. COMPANY INFORMATION

Upper Billesley Estates Ltd. 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 principal activity of the company in the year under review was that of arable farming.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant financial information in making their assessment. Based on these assessments, given the measures that could be undertaken, and current resources available, the directors have concluded that they are able to continue to adopt the going concern basis in prepared the annual report and financial statements.

Turnover
Turnover represents the sale of crops, livestock, net of VAT and trade discounts, and the receipt of farming grants.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - Not depreciated

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Stocks are stated at the lower of cost and net realisable value. Cost comprises direct materials and where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. The cost of livestock is determined on an individual basis, and represents the purchase cost plus any additional costs of rearing the animal.

Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

UPPER BILLESLEY ESTATES LTD. (REGISTERED NUMBER: 03203363)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised 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.

Basic financial assets
Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

3. EMPLOYEES AND DIRECTORS

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

UPPER BILLESLEY ESTATES LTD. (REGISTERED NUMBER: 03203363)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2023


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 September 2022
and 31 August 2023 457,051
NET BOOK VALUE
At 31 August 2023 457,051
At 31 August 2022 457,051

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 300,000
Additions 12,273
Revaluations (12,273 )
At 31 August 2023 300,000
NET BOOK VALUE
At 31 August 2023 300,000
At 31 August 2022 300,000

The valuation of the investment properties were made as at 31 August 2023 by the directors, on a open market basis. No deprecation is provided in respect of these properties.

On an historical cost basis these would have been included at an original cost of £214,852.


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 19,222
VAT 3,231 1,258
Prepayments and accrued income - 37,431
3,231 57,911

UPPER BILLESLEY ESTATES LTD. (REGISTERED NUMBER: 03203363)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 AUGUST 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,420 10,660
Hire purchase contracts 1,529 -
Trade creditors 33,030 8,532
Other creditors 797 -
Accruals and deferred income 7,340 3,850
47,116 23,042

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 184,959 190,364
Hire purchase contracts 6,065 -
191,024 190,364

The loan is secured by a fixed charge over the land of Upper Billesley Estates Limited.