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Company No: 09091612 (England and Wales)

A & R HOUSE (BCL) LIMITED

Unaudited Financial Statements
For the financial period from 01 January 2023 to 31 March 2024
Pages for filing with the registrar

A & R HOUSE (BCL) LIMITED

Unaudited Financial Statements

For the financial period from 01 January 2023 to 31 March 2024

Contents

A & R HOUSE (BCL) LIMITED

BALANCE SHEET

As at 31 March 2024
A & R HOUSE (BCL) LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 31.03.2024 31.12.2022
£ £
Fixed assets
Intangible assets 4 0 2,280
Tangible assets 5 350,923 260,464
350,923 262,744
Current assets
Stocks 36,123 80,334
Debtors 6 222,818 299,879
Cash at bank and in hand 120,277 119,901
379,218 500,114
Creditors: amounts falling due within one year 7 ( 316,227) ( 365,937)
Net current assets 62,991 134,177
Total assets less current liabilities 413,914 396,921
Creditors: amounts falling due after more than one year 8 ( 135,190) ( 103,241)
Net assets 278,724 293,680
Capital and reserves
Called-up share capital 100 100
Profit and loss account 278,624 293,580
Total shareholder's funds 278,724 293,680

For the financial period ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of A & R House (BCL) Limited (registered number: 09091612) were approved and authorised for issue by the Board of Directors on 10 October 2024. They were signed on its behalf by:

A L R House
Director
R J M House
Director
A & R HOUSE (BCL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2023 to 31 March 2024
A & R HOUSE (BCL) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial period from 01 January 2023 to 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A & R House (BCL) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Purn House Farm, Purn Way, Bleadon, BS24 0QE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover which includes fruit sales, contracting and grass keep is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Other intangible assets 8 years straight line
Other intangible assets

Other intangible assets comprise of Basic Payment Scheme Entitlements. These entitlements have been fully disposed of in the financial period due to no longer holding any value.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated
Plant and machinery 10 years straight line
15 % reducing balance
Vehicles 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account on a straight line basis over the period of the leases.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and 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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2.Transition to FRS102

The Company has adopted FRS 102 for the period ended 31 March 2024 and has restated the comparative year amounts.

Reconciliation of equity

01.01.2022 31.12.2022
£ £
Capital and reserves (as previously stated) 399,660 343,168
Deferred tax provision 0 (49,488)
Capital and reserves (as restated) 399,660 293,680

Reconciliation of profit or loss

31.12.2022
£
Profit for the year (as previously stated) 293,508
Deferred tax provision (49,488)
Profit for the year (as restated) 244,020

3. Employees

Period from
01.01.2023 to
31.03.2024
Year ended
31.12.2022
Number Number
Monthly average number of persons employed by the Company during the period, including directors 5 5

4. Intangible assets

Other intangible assets Total
£ £
Cost
At 01 January 2023 18,254 18,254
Disposals ( 18,254) ( 18,254)
At 31 March 2024 0 0
Accumulated amortisation
At 01 January 2023 15,974 15,974
Charge for the financial period ( 2,280) ( 2,280)
Disposals ( 13,694) ( 13,694)
At 31 March 2024 0 0
Net book value
At 31 March 2024 0 0
At 31 December 2022 2,280 2,280

5. Tangible assets

Land and buildings Plant and machinery Vehicles Total
£ £ £ £
Cost
At 01 January 2023 2,749 345,776 96,708 445,233
Additions 0 46,159 138,450 184,609
Disposals 0 ( 20,010) ( 23,800) ( 43,810)
At 31 March 2024 2,749 371,925 211,358 586,032
Accumulated depreciation
At 01 January 2023 0 152,444 32,325 184,769
Charge for the financial period 0 44,467 27,146 71,613
Disposals 0 ( 13,143) ( 8,130) ( 21,273)
At 31 March 2024 0 183,768 51,341 235,109
Net book value
At 31 March 2024 2,749 188,157 160,017 350,923
At 31 December 2022 2,749 193,332 64,383 260,464

6. Debtors

31.03.2024 31.12.2022
£ £
Trade debtors 197,347 299,779
Other debtors 25,471 100
222,818 299,879

7. Creditors: amounts falling due within one year

31.03.2024 31.12.2022
£ £
Trade creditors 119,510 27,009
Amounts owed to Group undertakings 7,011 180,083
Taxation and social security 17,116 63,321
Obligations under finance leases and hire purchase contracts (secured) 49,751 36,734
Other creditors 122,839 58,790
316,227 365,937

Included within other creditors are amounts owed to directors, accruals, deferred income and a provision for deferred tax.

The hire purchase contracts are secured against the assets that they relate.

8. Creditors: amounts falling due after more than one year

31.03.2024 31.12.2022
£ £
Bank loans 21,750 33,000
Obligations under finance leases and hire purchase contracts (secured) 113,440 70,241
135,190 103,241

The hire purchase contracts are secured against the asset to which they relate.