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REGISTERED NUMBER: 11183914 (England and Wales)










Unaudited Financial Statements

for the Year Ended 29 February 2024

for

Broughton Hall Estates Ltd

Broughton Hall Estates Ltd (Registered number: 11183914)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Broughton Hall Estates Ltd

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mr G P Dewhurst
Mr S J Dewhurst
Mr S Dewhurst





REGISTERED OFFICE: Military House
24 Castle Street
Chester
Cheshire
CH1 2DS





REGISTERED NUMBER: 11183914 (England and Wales)





ACCOUNTANTS: Haines Watts
Military House
24 Castle Street
Chester
Cheshire
CH1 2DS

Broughton Hall Estates Ltd (Registered number: 11183914)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 27,104 32,316
Investment property 5 60,169 60,169
87,273 92,485

CURRENT ASSETS
Inventories 4,100,538 4,487,103
Debtors 6 1,373,033 892,874
Cash at bank 972 245
5,474,543 5,380,222
CREDITORS
Amounts falling due within one year 7 5,737,947 5,413,921
NET CURRENT LIABILITIES (263,404 ) (33,699 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(176,131

)

58,786

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings (176,132 ) 58,785
SHAREHOLDERS' FUNDS (176,131 ) 58,786

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Broughton Hall Estates Ltd (Registered number: 11183914)

Balance Sheet - continued
29 February 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 November 2024 and were signed on its behalf by:





Mr G P Dewhurst - Director


Broughton Hall Estates Ltd (Registered number: 11183914)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Broughton Hall Estates 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.

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.

The financial statements are presented in sterling which is the functional currency of the company, rounded to the nearest £1.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 8 ) .

Broughton Hall Estates Ltd (Registered number: 11183914)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 March 2023 10,230 45,677 6,759 62,666
Additions 1,873 - - 1,873
At 29 February 2024 12,103 45,677 6,759 64,539
DEPRECIATION
At 1 March 2023 3,198 22,290 4,862 30,350
Charge for year 1,781 4,678 626 7,085
At 29 February 2024 4,979 26,968 5,488 37,435
NET BOOK VALUE
At 29 February 2024 7,124 18,709 1,271 27,104
At 28 February 2023 7,032 23,387 1,897 32,316

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 60,169
NET BOOK VALUE
At 29 February 2024 60,169
At 28 February 2023 60,169

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 10,891
Amounts owed by associates 1,342,324 839,237
Other debtors 30,709 42,746
1,373,033 892,874

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 93,371 132,602
Amounts owed to associates 2,144,888 1,681,993
Taxation and social security 6,378 1,243
Other creditors 3,493,310 3,598,083
5,737,947 5,413,921

8. SECURED DEBTS

Fixed charge and negative pledge over the company's development property.

Broughton Hall Estates Ltd (Registered number: 11183914)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 29.2.24 28.2.23
value: £    £   
1 Ordinary £1 1 1

10. RELATED PARTY DISCLOSURES

During the year the company repaid loans from entities in which one of the directors is also a director and / or a controlling shareholder amounting to £40,182 (2023 : £10,281). At the balance sheet date the amount outstanding and due to those entities amounted to £802,564 (2022 : £842,746). The loans are interest free and repayable on demand.

During the year the company also (increased)/repaid loans from an individual connected to one of the directors amounting to (£46,313) (2023 : £90,429). At the balance sheet date the amount outstanding and due to that individual amounted to £135,631 (2023 : £89,318). The loans are interest free and repayable on demand.