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REGISTERED NUMBER: 10999657 (England and Wales)















BALKERNE GATE DEVELOPMENTS (EAST ANGLIA)
LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






BALKERNE GATE DEVELOPMENTS (EAST ANGLIA)
LTD (REGISTERED NUMBER: 10999657)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BALKERNE GATE DEVELOPMENTS (EAST ANGLIA)
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: D Syrett
Ms L Sullivan
J Runicles





REGISTERED OFFICE: Town Wall House
Balkerne Hill
Colchester
Essex
CO3 3AD





REGISTERED NUMBER: 10999657 (England and Wales)

BALKERNE GATE DEVELOPMENTS (EAST ANGLIA)
LTD (REGISTERED NUMBER: 10999657)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 375 56
Investments 5 50 -
425 56

CURRENT ASSETS
Stocks 104,288 221,399
Debtors 6 1,069,290 928,363
Cash at bank 6,031 7,684
1,179,609 1,157,446
CREDITORS
Amounts falling due within one year 7 (760,596 ) (737,091 )
NET CURRENT ASSETS 419,013 420,355
TOTAL ASSETS LESS CURRENT LIABILITIES 419,438 420,411

CREDITORS
Amounts falling due after more than one
year

8

(12,231

)

(22,435

)

PROVISIONS FOR LIABILITIES (94 ) (11 )
NET ASSETS 407,113 397,965

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 406,913 397,765
407,113 397,965

BALKERNE GATE DEVELOPMENTS (EAST ANGLIA)
LTD (REGISTERED NUMBER: 10999657)

BALANCE SHEET - continued
31 MARCH 2024


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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 20 November 2024 and were signed on its behalf by:




D Syrett - Director



J Runicles - Director


BALKERNE GATE DEVELOPMENTS (EAST ANGLIA)
LTD (REGISTERED NUMBER: 10999657)

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


1. STATUTORY INFORMATION

Balkerne Gate Developments (East Anglia) Ltd 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.

For the purposes of presentation the financial statements are rounded to the nearest 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.

Turnover
Turnover represents properties on which contracts have been completed, and the value of construction work provided under contracts, to the extent that there is a right to consideration, and is recorded at the value of the consideration due, excluding value added tax. Where a contract has only been partially completed at the Balance Sheet date, turnover represents the value of the construction work provided to date.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 15% on reducing balance

Stocks and work in progress
Development land is valued by the directors at the lower of cost and net realisable value. Work in progress is valued at prime cost less foreseeable losses where appropriate. A proportion of profit is recognised in line with the completion of each individual construction project.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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 or deferred taxation assets and liabilities are not discounted.

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.


BALKERNE GATE DEVELOPMENTS (EAST ANGLIA)
LTD (REGISTERED NUMBER: 10999657)

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


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023 177
Additions 333
At 31 March 2024 510
DEPRECIATION
At 1 April 2023 121
Charge for year 14
At 31 March 2024 135
NET BOOK VALUE
At 31 March 2024 375
At 31 March 2023 56

BALKERNE GATE DEVELOPMENTS (EAST ANGLIA)
LTD (REGISTERED NUMBER: 10999657)

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


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 50
At 31 March 2024 50
NET BOOK VALUE
At 31 March 2024 50

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 546,547 513,900
Amounts owed by related undertakings 490,482 390,482
Other debtors 32,261 23,981
1,069,290 928,363

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,204 9,952
Trade creditors 158 2,222
Amounts owed to related undertakings 518,030 522,030
Taxation and social security 8,180 4,880
Other creditors 224,024 198,007
760,596 737,091

There is a fixed charge held over the land forming part of 163 and 167 Wivenhoe Road, Alresford created on 7 March 2018 held by National Westminster Bank Plc.

There is a fixed charge held over the land to the side of 25 Nayland Road, Bures created on 12 February 2019 held by National Westminster Bank Plc.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 12,231 22,435

9. RELATED PARTY DISCLOSURES

At the Balance Sheet date the company was due £490,482 (2023: £390,482) and owed £518,030 (2023 £522,030) to companies under common control and these are included in debtors and creditors respectively. The balances outstanding are interest free and repayable on demand.