IRIS Accounts Production v24.3.2.46 00177653 Board of Directors 1.10.23 30.9.24 30.9.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh001776532023-09-30001776532024-09-30001776532023-10-012024-09-30001776532022-09-30001776532022-10-012023-09-30001776532023-09-3000177653ns15:EnglandWales2023-10-012024-09-3000177653ns14:PoundSterling2023-10-012024-09-3000177653ns10:Director12023-10-012024-09-3000177653ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3000177653ns10:SmallEntities2023-10-012024-09-3000177653ns10:AuditExempt-NoAccountantsReport2023-10-012024-09-3000177653ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3000177653ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3000177653ns10:FullAccounts2023-10-012024-09-3000177653ns10:Director22023-10-012024-09-3000177653ns10:Director32023-10-012024-09-3000177653ns10:RegisteredOffice2023-10-012024-09-3000177653ns5:CurrentFinancialInstruments2024-09-3000177653ns5:CurrentFinancialInstruments2023-09-3000177653ns5:Non-currentFinancialInstruments2024-09-3000177653ns5:Non-currentFinancialInstruments2023-09-3000177653ns5:ShareCapital2024-09-3000177653ns5:ShareCapital2023-09-3000177653ns5:SharePremium2024-09-3000177653ns5:SharePremium2023-09-3000177653ns5:RevaluationReserve2024-09-3000177653ns5:RevaluationReserve2023-09-3000177653ns5:RetainedEarningsAccumulatedLosses2024-09-3000177653ns5:RetainedEarningsAccumulatedLosses2023-09-3000177653ns5:LandBuildingsns5:OwnedOrFreeholdAssets2023-10-012024-09-3000177653ns5:LeaseholdImprovements2023-10-012024-09-3000177653ns5:FurnitureFittings2023-10-012024-09-3000177653ns5:MotorVehicles2023-10-012024-09-3000177653ns5:LandBuildings2023-09-3000177653ns5:LeaseholdImprovements2023-09-3000177653ns5:FurnitureFittings2023-09-3000177653ns5:MotorVehicles2023-09-3000177653ns5:LandBuildings2023-10-012024-09-3000177653ns5:LandBuildings2024-09-3000177653ns5:LeaseholdImprovements2024-09-3000177653ns5:FurnitureFittings2024-09-3000177653ns5:MotorVehicles2024-09-3000177653ns5:LandBuildings2023-09-3000177653ns5:LeaseholdImprovements2023-09-3000177653ns5:FurnitureFittings2023-09-3000177653ns5:MotorVehicles2023-09-3000177653ns5:CostValuation2023-09-3000177653ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3000177653ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3000177653ns5:Secured2024-09-3000177653ns5:Secured2023-09-30
REGISTERED NUMBER: 00177653 (England and Wales)












BOTLEY FLOUR MILLING COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






BOTLEY FLOUR MILLING COMPANY LIMITED (REGISTERED NUMBER: 00177653)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BOTLEY FLOUR MILLING COMPANY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: J A Appleby
J C Appleby
P B Appleby





REGISTERED OFFICE: Botley Flour Mills
Mill Hill
Botley
Southampton
Hampshire
SO30 2GB





REGISTERED NUMBER: 00177653 (England and Wales)

BOTLEY FLOUR MILLING COMPANY LIMITED (REGISTERED NUMBER: 00177653)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £ £
FIXED ASSETS
Tangible assets 4 2,880,912 2,009,725
Investments 5 1,000 1,000
Investment property 6 - 850,000
2,881,912 2,860,725

CURRENT ASSETS
Stocks 63,781 68,261
Debtors 7 286,125 267,708
Cash at bank 315,606 262,116
665,512 598,085
CREDITORS
Amounts falling due within one year 8 (130,372 ) (133,221 )
NET CURRENT ASSETS 535,140 464,864
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,417,052

3,325,589

CREDITORS
Amounts falling due after more than one
year

9

(209,515

)

(233,627

)
NET ASSETS 3,207,537 3,091,962

CAPITAL AND RESERVES
Called up share capital 49,336 49,336
Share premium 194,520 194,520
Non-distributable revaluation reserve 1,925,378 1,925,378
Retained earnings 1,038,303 922,728
3,207,537 3,091,962

BOTLEY FLOUR MILLING COMPANY LIMITED (REGISTERED NUMBER: 00177653)

BALANCE SHEET - continued
30 SEPTEMBER 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 7 January 2025 and were signed on its behalf by:





J C Appleby - Director


BOTLEY FLOUR MILLING COMPANY LIMITED (REGISTERED NUMBER: 00177653)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Botley Flour Milling Company Limited 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 FRS 102 "The Financial Reporting Standards 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 £1.

The financial statements have been prepared under the historical cost convention, modified by the revaluation of certain fixed assets.

The principal accounting policies adopted are set out below.

Turnover
Turnover from retail sales is recognised when the customer takes delivery of the goods, excluding discounts, rebates, value added tax and other sales taxes.

Rental income is recognised gross, in the month to which the rent relates.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - not provided
Improvements to property - 7% Straight line
Fixtures, fittings & equipment - Straight line over 10 years
Motor vehicles - Straight line over 5 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

BOTLEY FLOUR MILLING COMPANY LIMITED (REGISTERED NUMBER: 00177653)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial assets
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Financial liabilities
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Equity instruments
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

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.

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.

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.

BOTLEY FLOUR MILLING COMPANY LIMITED (REGISTERED NUMBER: 00177653)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
Freehold Improvements fittings & Motor
property to property equipment vehicles Totals
£ £ £ £ £
COST OR VALUATION
At 1 October 2023 1,650,000 324,169 97,440 165,024 2,236,633
Additions 850,000 - 38,514 41,699 930,213
Disposals - - - (20,930 ) (20,930 )
At 30 September 2024 2,500,000 324,169 135,954 185,793 3,145,916
DEPRECIATION
At 1 October 2023 - 174,077 15,642 37,189 226,908
Charge for year - 16,634 10,438 31,954 59,026
Eliminated on disposal - - - (20,930 ) (20,930 )
At 30 September 2024 - 190,711 26,080 48,213 265,004
NET BOOK VALUE
At 30 September 2024 2,500,000 133,458 109,874 137,580 2,880,912
At 30 September 2023 1,650,000 150,092 81,798 127,835 2,009,725

Cost or valuation at 30 September 2024 is represented by:

Fixtures,
Freehold Improvements fittings & Motor
property to property equipment vehicles Totals
£ £ £ £ £
Valuation in 2014 1,925,378 - - - 1,925,378
Cost 574,622 324,169 135,954 185,793 1,220,538
2,500,000 324,169 135,954 185,793 3,145,916

BOTLEY FLOUR MILLING COMPANY LIMITED (REGISTERED NUMBER: 00177653)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

If the freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£ £
Cost 574,622 379,251

The freehold property was valued on an open market basis on 30 September 2024 by the Directors of the Company .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 October 2023
and 30 September 2024 1,000
NET BOOK VALUE
At 30 September 2024 1,000
At 30 September 2023 1,000

6. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 October 2023 850,000
Disposals (850,000 )
At 30 September 2024 -
NET BOOK VALUE
At 30 September 2024 -
At 30 September 2023 850,000

7. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 17,309 13,521
Other debtors 53,123 19,615
70,432 33,136

BOTLEY FLOUR MILLING COMPANY LIMITED (REGISTERED NUMBER: 00177653)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


7. DEBTORS - continued
2024 2023
£ £
Amounts falling due after more than one year:
Amounts owed by group undertakings 215,693 234,572

Aggregate amounts 286,125 267,708

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Bank loans and overdrafts 13,532 12,857
Hire purchase contracts 29,053 16,553
Trade creditors 30,025 37,045
Taxation and social security 9,128 12,308
Other creditors 48,634 54,458
130,372 133,221

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Bank loans 172,839 186,709
Hire purchase contracts 36,676 46,918
209,515 233,627

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 111,426 128,360
111,426 128,360

BOTLEY FLOUR MILLING COMPANY LIMITED (REGISTERED NUMBER: 00177653)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£ £
Bank loans 186,371 199,566
Hire purchase contracts 65,729 63,471
252,100 263,037

The bank loan is secured by way of a fixed charge over the property within the company.

The hire purchase liabilities are secured against the assets to which they relate.