Company registration number 09990734 (England and Wales)
THE BUILDING CONTROL ( HERTFORDSHIRE) COMPANY LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
THE BUILDING CONTROL ( HERTFORDSHIRE) COMPANY LTD
COMPANY INFORMATION
Directors
Zayd Neil Al-Jawad
Matthew Lawrence Bunyon
Steven James Crowley
James Doe
Douglas Charles Cooper
Christopher Edward Carter
(Appointed 17 April 2023)
Sara Elizabeth Saunders
Alison Scott
(Appointed 23 November 2023)
Secretary
Palmira Ryder
Company number
09990734
Registered office
Welwyn Hatfield Borough Council Office
The Campus
Welwyn Garden City
United Kingdom
AL8 6AE
Auditor
KLSA LLP
Kalamu House
11 Coldbath Square
London
EC1R 5HL
THE BUILDING CONTROL ( HERTFORDSHIRE) COMPANY LTD
CONTENTS
Page
Balance sheet
1
Statement of changes in equity
2
Notes to the financial statements
3 - 6
THE BUILDING CONTROL ( HERTFORDSHIRE) COMPANY LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
4
284,847
266,095
Cash at bank and in hand
22,812
758,156
307,659
1,024,251
Creditors: amounts falling due within one year
5
(57,116)
(892,136)
Net current assets
250,543
132,115
Capital and reserves
Called up share capital
6
1
1
Profit and loss reserves
250,542
132,114
Total equity
250,543
132,115
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 22 November 2024 and are signed on its behalf by:
Matthew Lawrence Bunyon
Director
Company Registration No. 09990734
THE BUILDING CONTROL ( HERTFORDSHIRE) COMPANY LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
Share capital
Profit and loss reserves
Total
£
£
£
Balance at 1 April 2022
1
(55,198)
(55,197)
Year ended 31 March 2023:
Profit and total comprehensive income
-
187,312
187,312
Balance at 31 March 2023
1
132,114
132,115
Year ended 31 March 2024:
Profit and total comprehensive income
-
118,428
118,428
Balance at 31 March 2024
1
250,542
250,543
THE BUILDING CONTROL ( HERTFORDSHIRE) COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information
The Building Control ( Hertfordshire) Company Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Welwyn Hatfield Borough Council Office, The Campus, Welwyn Garden City, United Kingdom, AL8 6AE.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
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 financial instruments at fair value]. The principal accounting policies adopted are set out below.
This company is a qualifying entity for the purposes of FRS 102, being a member of a group where the parent of that group prepares publicly available consolidated financial statements, including this company, which are intended to give a true and fair view of the assets, liabilities, financial position and profit or loss of the group. The company has therefore taken advantage of exemptions from the following disclosure requirements:
Section 7 ‘Statement of Cash Flows’: Presentation of a statement of cash flow and related notes and disclosures;
Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instrument Issues’: Interest income/expense and net gains/losses for each category of financial instrument; basis of determining fair values; details of collateral, loan defaults or breaches, details of hedges, hedging fair value changes recognised in profit or loss and in other comprehensive income;
Section 26 ‘Share based Payment’: Share-based payment expense charged to profit or loss, reconciliation of opening and closing number and weighted average exercise price of share options, how the fair value of options granted was measured, measurement and carrying amount of liabilities for cash-settled share-based payments, explanation of modifications to arrangements;
Section 33 ‘Related Party Disclosures’: Compensation for key management personnel.
The financial statements of the company are consolidated in the financial statements of Broste Rivers Limited. These consolidated financial statements are available from its registered office at Campus West, 4th Floor, The Campus, Welwyn Garden City, United Kingdom, AL8 6AE.
1.2
Going concern
The financial statements are prepared on a going concern basis, the validity of which is dependent upon the continuing financial support from its parent undertaking, Broste Rivers Limited and its other associated companies. The financial statements do not include any adjustments that would result if the above support was withdrawn.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
THE BUILDING CONTROL ( HERTFORDSHIRE) COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
Revenue from contracts for the provision of professional services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably. The stage of completion is calculated by comparing costs incurred, mainly in relation to contractual hourly staff rates and materials, as a proportion of total costs. Where the outcome cannot be estimated reliably, revenue is recognised only to the extent of the expenses recognised that it is probable will be recovered.
1.4
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 current liabilities.
1.5
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.7
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
3
Employees
The average monthly number of persons (excluding directors) employed by the company during the year was:
2024
2023
Number
Number
Total
5
5
THE BUILDING CONTROL ( HERTFORDSHIRE) COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
86,144
34,856
Other debtors
198,032
231,239
Prepayments and accrued income
671
284,847
266,095
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
7,226
2,904
Amounts owed to group undertakings
31,718
879,802
Taxation and social security
395
5,530
Other creditors
14,477
Accruals and deferred income
3,300
3,900
57,116
892,136
6
Called up share capital
2024
2023
£
£
Ordinary share capital
Issued and fully paid
1 Ordinary share of £1 each
1
1
7
Audit report information
As the income statement has been omitted from the filing copy of the financial statements, the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006:
The auditor's report was unqualified.
Senior Statutory Auditor:
Harsheel Dodhia
Statutory Auditor:
KLSA LLP
Date of audit report:
22 November 2024
8
Related party transactions
THE BUILDING CONTROL ( HERTFORDSHIRE) COMPANY LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
8
Related party transactions
(Continued)
- 6 -
The company has taken advantage of the exemption available in FRS 102 , whereby it has not disclosed transactions with its holding company and any other company which is under common control.
Included in Trade Debtors, is an amount due from the shareholders of the holding company amounting to £29,810 (2023: £13,716).
The Company provided building control services to the shareholders of the holding company amounting to £340,235 (2023: £351,655) during the year.
9
Parent company
The company is a wholly owned subsidiary of Broste Rivers Limited, a company incorporated in England and Wales with its registered office address at Welwyn Hatfield Borough Council Office, The Campus, Welwyn Garden City, United Kingdom, AL8 6AE