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Company No: 13078424 (England and Wales)

BIRCH ELM HOLDINGS LTD

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

BIRCH ELM HOLDINGS LTD

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

BIRCH ELM HOLDINGS LTD

BALANCE SHEET

As at 31 March 2024
BIRCH ELM HOLDINGS LTD

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 1,130,632 1,125,214
1,130,632 1,125,214
Current assets
Debtors 4 86,275 117,033
Cash at bank and in hand 71,841 38,731
158,116 155,764
Creditors: amounts falling due within one year 5 ( 710,934) ( 750,726)
Net current liabilities (552,818) (594,962)
Total assets less current liabilities 577,814 530,252
Creditors: amounts falling due after more than one year 6 ( 452,807) ( 475,159)
Net assets 125,007 55,093
Capital and reserves
Called-up share capital 7 584 584
Profit and loss account 124,423 54,509
Total shareholders' funds 125,007 55,093

For the financial year 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 Birch Elm Holdings Ltd (registered number: 13078424) were approved and authorised for issue by the Board of Directors on 15 November 2024. They were signed on its behalf by:

Mr C E Caddy
Director
BIRCH ELM HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
BIRCH ELM HOLDINGS LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

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

General information and basis of accounting

Birch Elm Holdings Ltd (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 Sigma House, Oak View Close, Edginswell Park, Torquay, TQ2 7FF, 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 £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic befit will flow to the entity;
and specific criteria have been met for each of the company's activities.

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.

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 average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. 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 basis over its expected useful life, as follows:

Land and buildings 50 years straight line

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.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 April 2023 1,142,750 1,142,750
Additions 17,436 17,436
At 31 March 2024 1,160,186 1,160,186
Accumulated depreciation
At 01 April 2023 17,536 17,536
Charge for the financial year 12,018 12,018
At 31 March 2024 29,554 29,554
Net book value
At 31 March 2024 1,130,632 1,130,632
At 31 March 2023 1,125,214 1,125,214

4. Debtors

2024 2023
£ £
Trade debtors 5,421 5,307
Other debtors 80,854 111,726
86,275 117,033

5. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 23,700 23,700
Trade creditors 0 13,774
Amounts owed to directors 636,154 696,157
Accruals 4,285 4,199
Taxation and social security 46,795 12,896
710,934 750,726

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

2024 2023
£ £
Other loans 452,807 475,159

There are no amounts included above in respect of which any security has been given by the small entity.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
250 A Ordinary shares of £ 1.00 each 250 250
334 Ordinary shares of £ 1.00 each 334 334
584 584