2 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-01 Sage Accounts Production Advanced 2023 - FRS102_2023 812,577 4,372 1,503 815,446 815,446 812,577 xbrli:pure xbrli:shares iso4217:GBP SC034487 2023-05-01 2024-04-30 SC034487 2024-04-30 SC034487 2023-04-30 SC034487 2022-05-01 2023-04-30 SC034487 2023-04-30 SC034487 2022-04-30 SC034487 bus:Director1 2023-05-01 2024-04-30 SC034487 core:WithinOneYear 2024-04-30 SC034487 core:WithinOneYear 2023-04-30 SC034487 core:ShareCapital 2024-04-30 SC034487 core:ShareCapital 2023-04-30 SC034487 core:RevaluationReserve 2024-04-30 SC034487 core:RevaluationReserve 2023-04-30 SC034487 core:RetainedEarningsAccumulatedLosses 2024-04-30 SC034487 core:RetainedEarningsAccumulatedLosses 2023-04-30 SC034487 core:RevaluationReserve 2023-05-01 2024-04-30 SC034487 core:RevaluationReserve 2022-05-01 2023-04-30 SC034487 core:CostValuation core:Non-currentFinancialInstruments 2023-04-30 SC034487 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-04-30 SC034487 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-04-30 SC034487 core:CostValuation core:Non-currentFinancialInstruments 2024-04-30 SC034487 core:Non-currentFinancialInstruments 2024-04-30 SC034487 core:Non-currentFinancialInstruments 2023-04-30 SC034487 bus:SmallEntities 2023-05-01 2024-04-30 SC034487 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 SC034487 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 SC034487 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 SC034487 bus:FullAccounts 2023-05-01 2024-04-30
COMPANY REGISTRATION NUMBER: SC034487
Balnakeilly Holdings Limited
Filleted Unaudited Financial Statements
For the year ended
30 April 2024
Balnakeilly Holdings Limited
Financial Statements
Year ended 30 April 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
Balnakeilly Holdings Limited
Statement of Financial Position
30 April 2024
2024
2023
Note
£
£
£
Fixed assets
Investments
5
815,446
812,577
Current assets
Debtors
6
5,040
Cash at bank and in hand
47,055
37,165
--------
--------
47,055
42,205
Creditors: amounts falling due within one year
7
5,769
7,501
--------
--------
Net current assets
41,286
34,704
---------
---------
Total assets less current liabilities
856,732
847,281
Provisions
Taxation including deferred tax
95,489
71,196
---------
---------
Net assets
761,243
776,085
---------
---------
Capital and reserves
Called up share capital
11,450
11,450
Revaluation reserve
36,771
38,273
Profit and loss account
713,022
726,362
---------
---------
Shareholder funds
761,243
776,085
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Balnakeilly Holdings Limited
Statement of Financial Position (continued)
30 April 2024
These financial statements were approved by the board of directors and authorised for issue on 16 September 2024 , and are signed on behalf of the board by:
Mr A J O Stewart-Wilson
Director
Company registration number: SC034487
Balnakeilly Holdings Limited
Notes to the Financial Statements
Year ended 30 April 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is 51 Atholl Road, Pitlochry, PH16 5BU, Perthshire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at valuation less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Investments
Other investments other than loans
£
Cost
At 1 May 2023
812,577
Additions
4,372
Revaluations
( 1,503)
---------
At 30 April 2024
815,446
---------
Impairment
At 1 May 2023 and 30 April 2024
---------
Carrying amount
At 30 April 2024
815,446
---------
At 30 April 2023
812,577
---------
Properties to which the company holds full title were revalued during the year. The directors believe this represents their fair value as at 30 April 2023.
6. Debtors
2024
2023
£
£
Other debtors
5,040
----
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
1,544
3,532
Social security and other taxes
919
Other creditors
3,306
3,969
-------
-------
5,769
7,501
-------
-------
8. Analysis of other comprehensive income
Revaluation reserve
£
Year ended 30 April 2024
Revaluation of tangible assets
10,000
Revaluation of intangible assets other than goodwill
( 11,502)
--------
( 1,502)
--------
Year ended 30 April 2023
Revaluation of intangible assets other than goodwill
( 8,787)
-------
9. Directors' advances, credits and guarantees
The Director's loan account was overdrawn by £0, (£5,040 at 30 April 2023).