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REGISTERED NUMBER: 00975615 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BUFFERY AND SON LIMITED

BUFFERY AND SON LIMITED (REGISTERED NUMBER: 00975615)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BUFFERY AND SON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: A Moyle





REGISTERED OFFICE: Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH





BUSINESS ADDRESS: Derwent House
18 The Mount
Fetcham
LEATHERHEAD
Surrey
KT22 9EE





REGISTERED NUMBER: 00975615 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Hillside
Albion Street
Chipping Norton
Oxfordshire
OX7 5BH

BUFFERY AND SON LIMITED (REGISTERED NUMBER: 00975615)

BALANCE SHEET
31 JANUARY 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 1,391 1,187
Investment property 6 800,000 600,000
801,392 601,188

CURRENT ASSETS
Debtors 7 2,284 1,829
Cash at bank 7,276 21,265
9,560 23,094
CREDITORS
Amounts falling due within one year 8 20,924 19,652
NET CURRENT (LIABILITIES)/ASSETS (11,364 ) 3,442
TOTAL ASSETS LESS CURRENT
LIABILITIES

790,028

604,630

PROVISIONS FOR LIABILITIES 10 169,862 91,120
NET ASSETS 620,166 513,510

CAPITAL AND RESERVES
Called up share capital 11 40,000 40,000
Other reserves 574,235 452,940
Retained earnings 5,931 20,570
SHAREHOLDERS' FUNDS 620,166 513,510

BUFFERY AND SON LIMITED (REGISTERED NUMBER: 00975615)

BALANCE SHEET - continued
31 JANUARY 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 director and authorised for issue on 23 September 2024 and were signed by:





A Moyle - Director


BUFFERY AND SON LIMITED (REGISTERED NUMBER: 00975615)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Buffery and Son 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. 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.

Goodwill
Goodwill has been amortised down to a nominal value.


Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Investment properties
Investment properties for which fair value can be measured reliably without undue cost or effort are measured at fair value at each reporting date with changes in fair value recognised in profit or loss.

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 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 1 (2023 - 1 ) .

BUFFERY AND SON LIMITED (REGISTERED NUMBER: 00975615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 1
NET BOOK VALUE
At 31 January 2024 1
At 31 January 2023 1

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 21,166 4,653 25,819
Additions - 673 673
Disposals - (1,523 ) (1,523 )
At 31 January 2024 21,166 3,803 24,969
DEPRECIATION
At 1 February 2023 19,990 4,642 24,632
Charge for year 235 234 469
Eliminated on disposal - (1,523 ) (1,523 )
At 31 January 2024 20,225 3,353 23,578
NET BOOK VALUE
At 31 January 2024 941 450 1,391
At 31 January 2023 1,176 11 1,187

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 600,000
Revaluations 200,000
At 31 January 2024 800,000
NET BOOK VALUE
At 31 January 2024 800,000
At 31 January 2023 600,000

If the investment property was sold for its fair value, there would be tax payable of £169,598.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 2,284 1,829

BUFFERY AND SON LIMITED (REGISTERED NUMBER: 00975615)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 10,001 10,454
Tax 3,212 3,426
VAT 3,111 825
Directors' current accounts 3 401
Accrued expenses 4,597 4,546
20,924 19,652

9. SECURED DEBTS

Barclays Bank Plc had a charge dated May 1982, and two charges dated May 2018 over the land at Digbeth Street, Stow on the Wold, Cheltenham, and a Fixed and Floating charge over all the property or undertaking of the company. This was satisfied on 23 May 2024.

Atom Bank Plc took out a charge on 23 May 2024 over the land at Digbeth Street, Stow on the Wold, Cheltenham, and a Fixed charge over all the property and assets of the company.

10. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax
Accelerated capital allowances 264 226
Deferred tax on investment
property 169,598 90,894
169,862 91,120

Deferred
tax
£   
Balance at 1 February 2023 91,120
Provided during year 78,742
Balance at 31 January 2024 169,862

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
40,000 Ordinary £1 40,000 40,000