Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31true2023-04-01falseActivities of agricultural holding companies11falsetrue 11699311 2023-04-01 2024-03-31 11699311 2022-04-01 2023-03-31 11699311 2024-03-31 11699311 2023-03-31 11699311 c:Director1 2023-04-01 2024-03-31 11699311 d:Buildings 2023-04-01 2024-03-31 11699311 d:Buildings 2024-03-31 11699311 d:Buildings 2023-03-31 11699311 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11699311 d:PlantMachinery 2023-04-01 2024-03-31 11699311 d:PlantMachinery 2024-03-31 11699311 d:PlantMachinery 2023-03-31 11699311 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11699311 d:MotorVehicles 2023-04-01 2024-03-31 11699311 d:MotorVehicles 2024-03-31 11699311 d:MotorVehicles 2023-03-31 11699311 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11699311 d:FurnitureFittings 2023-04-01 2024-03-31 11699311 d:OfficeEquipment 2023-04-01 2024-03-31 11699311 d:OfficeEquipment 2024-03-31 11699311 d:OfficeEquipment 2023-03-31 11699311 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11699311 d:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 11699311 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 11699311 d:CurrentFinancialInstruments 2024-03-31 11699311 d:CurrentFinancialInstruments 2023-03-31 11699311 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 11699311 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 11699311 d:ShareCapital 2024-03-31 11699311 d:ShareCapital 2023-03-31 11699311 d:RetainedEarningsAccumulatedLosses 2024-03-31 11699311 d:RetainedEarningsAccumulatedLosses 2023-03-31 11699311 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 11699311 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 11699311 c:FRS102 2023-04-01 2024-03-31 11699311 c:Audited 2023-04-01 2024-03-31 11699311 c:FullAccounts 2023-04-01 2024-03-31 11699311 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 11699311 c:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 11699311 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 11699311










BROADHURST LAND AND FARMS LIMITED










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
BROADHURST LAND AND FARMS LIMITED
REGISTERED NUMBER: 11699311

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
3,007,867
3,040,273

Current assets
  

Stocks
  
54,250
72,400

Debtors: amounts falling due within one year
 5 
28,348
10,890

Cash at bank and in hand
  
51,332
49,250

  
133,930
132,540

Creditors: amounts falling due within one year
 6 
(3,442,823)
(3,415,518)

Net current liabilities
  
 
 
(3,308,893)
 
 
(3,282,978)

Total assets less current liabilities
  
(301,026)
(242,705)

Provisions for liabilities
  

Deferred tax
 7 
(20,648)
(20,841)

Net liabilities
  
(321,674)
(263,546)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(321,675)
(263,547)

  
(321,674)
(263,546)


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 on 14 October 2024.




T Broadhurst
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
BROADHURST LAND AND FARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Broadhurst Land and Farms Limited is a private company limited by shares, incorporated in England and Wales (registered number: 11699311). Its registered office is Long Rake, Middleton-By-Youlgreave, Bakewell, Derbyshire, DE45 1LW. It's prinicipal activity throughout the period was that of farming activities and the rent of land.

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 following principal accounting policies have been applied:

  
2.2

Going concern

The financial statements have been prepared on the basis that the company will be able to continue as a going concern. The directors have based this assumption on his expectation that sufficient profits will be generated to cover net current liabilities in the future and that the parent company has confirmed that it will provide adequate financial support to ensure that appropriate funds are made available to ensure that the company will meet its liabilities for a period of at least 12 months from the date of these financial statements.

 
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.

Page 2

 
BROADHURST LAND AND FARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.4

Current and deferred taxation

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

 
2.5

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.

Depreciation is provided on the following basis:

Freehold property
-
2.5% straight line
Plant and machinery
-
10%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
Land
-
Not depreciated

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.

 
2.6

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 historical cost 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.

Page 3

 
BROADHURST LAND AND FARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

  
2.7

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties. 
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
BROADHURST LAND AND FARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost 


At 1 April 2023
2,943,786
251,006
5,321
2,275
3,202,388


Additions
-
1,500
1,950
-
3,450


Disposals
-
-
(3,000)
-
(3,000)



At 31 March 2024

2,943,786
252,506
4,271
2,275
3,202,838



Depreciation


At 1 April 2023
84,797
73,666
3,645
7
162,115


Charge for the year on owned assets
16,645
17,814
292
227
34,978


Disposals
-
-
(2,122)
-
(2,122)



At 31 March 2024

101,442
91,480
1,815
234
194,971



Net book value



At 31 March 2024
2,842,344
161,026
2,456
2,041
3,007,867



At 31 March 2023
2,858,989
177,340
1,676
2,268
3,040,273

Included in land and buildings is freehold land at cost of £2,268,012 (2022: £2,268,012) which is not depreciated.


5.


Debtors

2024
2023
£
£


Other debtors
1,613
1,819

Prepayments and accrued income
26,735
9,071

28,348
10,890


Page 5

 
BROADHURST LAND AND FARMS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
11,364
7,910

Amounts owed to group undertakings
3,425,272
3,396,668

Corporation tax
2,375
-

Accruals and deferred income
3,812
10,940

3,442,823
3,415,518



7.


Deferred taxation




2024


£






At beginning of year
20,841


Charged to profit or loss
193



At end of year
20,648

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
20,648
20,841

20,648
20,841


8.


Controlling party

Broadhurst Land and Farms Limited is a wholly owned subsidiary of LRS Broadhurst Holdings Limited. The ultimate controlling party is T Broadhurst.


9.


Auditors' information

The auditors' report on the financial statements for the year ended 31 March 2024 was unqualified.

The audit report was signed on 14 October 2024 by Andrew Irvine (Senior Statutory Auditor) on behalf of Shorts.

 
Page 6