Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-29true1false2023-03-01No description of principal activity1trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 11182685 2023-03-01 2024-02-29 11182685 2022-03-01 2023-02-28 11182685 2024-02-29 11182685 2023-02-28 11182685 c:Director1 2023-03-01 2024-02-29 11182685 d:FreeholdInvestmentProperty 2023-03-01 2024-02-29 11182685 d:FreeholdInvestmentProperty 2024-02-29 11182685 d:FreeholdInvestmentProperty 2023-02-28 11182685 d:CurrentFinancialInstruments 2024-02-29 11182685 d:CurrentFinancialInstruments 2023-02-28 11182685 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 11182685 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 11182685 d:ShareCapital 2024-02-29 11182685 d:ShareCapital 2023-02-28 11182685 d:RetainedEarningsAccumulatedLosses 2024-02-29 11182685 d:RetainedEarningsAccumulatedLosses 2023-02-28 11182685 c:OrdinaryShareClass1 2023-03-01 2024-02-29 11182685 c:OrdinaryShareClass1 2024-02-29 11182685 c:OrdinaryShareClass1 2023-02-28 11182685 c:EntityNoLongerTradingButTradedInPast 2023-03-01 2024-02-29 11182685 c:FRS102 2023-03-01 2024-02-29 11182685 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11182685 c:FullAccounts 2023-03-01 2024-02-29 11182685 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11182685 d:TaxLossesCarry-forwardsDeferredTax 2024-02-29 11182685 d:TaxLossesCarry-forwardsDeferredTax 2023-02-28 11182685 d:OtherDeferredTax 2024-02-29 11182685 d:OtherDeferredTax 2023-02-28 11182685 e:PoundSterling 2023-03-01 2024-02-29 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 11182685









BALLARD OFFSHORE PROPERTIES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
BALLARD OFFSHORE PROPERTIES LTD
REGISTERED NUMBER: 11182685

BALANCE SHEET
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
-
1,863,140

  
-
1,863,140

Current assets
  

Debtors: amounts falling due within one year
 5 
2,800
13,290

  
2,800
13,290

Creditors: amounts falling due within one year
 6 
(1,800)
(1,065,359)

Net current assets/(liabilities)
  
 
 
1,000
 
 
(1,052,069)

Total assets less current liabilities
  
1,000
811,071

Provisions for liabilities
  

Deferred tax
 7 
-
(153,913)

  
 
 
-
 
 
(153,913)

Net assets
  
1,000
657,158


Capital and reserves
  

Called up share capital 
 8 
1,000
1,000

Profit and loss account
  
-
656,158

  
1,000
657,158


Page 1

 
BALLARD OFFSHORE PROPERTIES LTD
REGISTERED NUMBER: 11182685
    
BALANCE SHEET (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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 profit and loss account 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 27 November 2024.




A P Ballard
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
BALLARD OFFSHORE PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

The Company is a private company, limited by shares, incorporated and domiciled in England within the United Kingdom, registration number 1182685.  The Company's registered office is Conrah Country House, Chancery, Aberystwyth, SY23 4DF.
The financial statements are presented in sterling which is the functional currency of the company and the financial statements are rounded to the nearest £1.

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 accounts have been prepared on a going concern basis.

 
2.3

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 it 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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 3

 
BALLARD OFFSHORE PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.4

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




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

Page 4

 
BALLARD OFFSHORE PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Investment property





Freehold investment property

£





At 1 March 2023
1,863,140


Additions at cost
111,123


Disposals
(1,974,263)



At 29 February 2024
-

During the current year deferred tax on the revaluation of the properties of £175,470 was released on the disposal of the property.









5.


Debtors

29 February
28 February
2024
2023
£
£


Other debtors
2,800
-

Prepayments and accrued income
-
13,290

2,800
13,290


Page 5

 
BALLARD OFFSHORE PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Other creditors
-
1,064,141

Accruals and deferred income
1,800
1,218

1,800
1,065,359


The following liabilities were secured:




Details of security provided:

Directors loan amounts of £Nil (2023 - £1,064,141) were secured by a fixed and floating charge over all the property of the company in favour of the director, A P Ballard.


7.


Deferred taxation






2024


£






At beginning of year
(153,913)


Utilised in year
153,913



At end of year
-

The deferred taxation balance is made up as follows:

29 February
28 February
2024
2023
£
£


Tax losses carried forward
-
21,558

Revaluation of investment property
-
(175,471)

-
(153,913)

Page 6

 
BALLARD OFFSHORE PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Share capital

29 February
28 February
2024
2023
£
£
Allotted, called up and fully paid



1,000 (2023 - 1,000) Ordinary shares of £1.00 each
1,000
1,000



9.


Related party transactions

Amounts outstanding and due from the director at 29 February 2024 was £2,800 (2023 - £1,064,141 due to the director).  Loans are interest free and repayable on demand.

 
Page 7