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REGISTERED NUMBER: 02559709 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Burgoynes (Lyonshall) Limited

Burgoynes (Lyonshall) Limited (Registered number: 02559709)

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










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Burgoynes (Lyonshall) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: A F Burgoyne
Mrs J E Burgoyne
Mrs J Burgoyne
Mrs S M Burgoyne
M W Thompson





SECRETARY: M W Thompson





REGISTERED OFFICE: White Lyon
Lyonshall
Kington
Herefordshire
HR5 3JR





REGISTERED NUMBER: 02559709 (England and Wales)





ACCOUNTANTS: A D Accounts Limited
Rural Enterprise Centre
Vincent Carey Road
Rotherwas
Hereford
Herefordshire
HR2 6FE

Burgoynes (Lyonshall) Limited (Registered number: 02559709)

Abridged Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 809,815 805,987
Investments 5 4 4
809,819 805,991

CURRENT ASSETS
Stocks 264,698 293,465
Debtors 6 280,183 537,235
Cash at bank and in hand 550,533 414,050
1,095,414 1,244,750
CREDITORS
Amounts falling due within one year (171,814 ) (285,347 )
NET CURRENT ASSETS 923,600 959,403
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,733,419

1,765,394

PROVISIONS FOR LIABILITIES (22,946 ) (33,506 )
NET ASSETS 1,710,473 1,731,888

CAPITAL AND RESERVES
Called up share capital 5,711 5,711
Share premium 702,868 702,868
Retained earnings 1,001,894 1,023,309
SHAREHOLDERS' FUNDS 1,710,473 1,731,888

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.

Burgoynes (Lyonshall) Limited (Registered number: 02559709)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 10 September 2024 and were signed on its behalf by:





A F Burgoyne - Director


Burgoynes (Lyonshall) Limited (Registered number: 02559709)

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


1. STATUTORY INFORMATION

Burgoynes (Lyonshall) 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.

Turnover
Turnover represents net invoiced sales of goods and services excluding value added tax.

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 - Straight line over 5 to 10 years
Plant and machinery - 10% to 20% on reducing balance
Office equipment - 25% on reducing balance
Motor vehicles - 20% to 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Consolidation
in the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The financial statements present the results of the parent company only and do not show the results of the group.

Burgoynes (Lyonshall) Limited (Registered number: 02559709)

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


2. ACCOUNTING POLICIES - continued

Stocks and sheep flock
The breeding farm flock is valued in accordance with the taxation flock basis rules.
The non breeding farm stock has been professionally valued.
All other stock has been valued at the lower of cost and net realisable values.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 24 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023 1,774,276
Additions 62,950
Disposals (36,966 )
At 31 December 2023 1,800,260
DEPRECIATION
At 1 January 2023 968,289
Charge for year 42,941
Eliminated on disposal (20,785 )
At 31 December 2023 990,445
NET BOOK VALUE
At 31 December 2023 809,815
At 31 December 2022 805,987

Part of the freehold property is held by W.H Burgoyne and Sons, which is a 100% subsidiary of the company.
This property is held in a nominee capacity for Burgoynes (Lyonshall) Limited and is therefore included as an asset of the company.

The freehold land and buildings were independently valued in February 2009 at £2,938,000. No significant change in value is thought to have occurred since that date. The directors have not adopted a policy of revaluation and any changes in the value to the property has not been included in the accounts.

Burgoynes (Lyonshall) Limited (Registered number: 02559709)

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


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 4
NET BOOK VALUE
At 31 December 2023 4
At 31 December 2022 4

The company owns 100% of the ordinary share capital of Burgoynes of Lyonshall and W H Burgoyne and Sons which are dormant companies registered in England and Wales.
The asset value of these subsidiary undertakings are £Nil.

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other debtors 143,115 174,497