3 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 2,520,216 441,038 2,880,008 2,880,008 2,520,216 xbrli:pure xbrli:shares iso4217:GBP 07980771 2023-04-01 2024-03-31 07980771 2024-03-31 07980771 2023-03-31 07980771 2022-04-01 2023-03-31 07980771 2023-03-31 07980771 2022-03-31 07980771 bus:Director1 2023-04-01 2024-03-31 07980771 core:WithinOneYear 2024-03-31 07980771 core:WithinOneYear 2023-03-31 07980771 core:ShareCapital 2024-03-31 07980771 core:ShareCapital 2023-03-31 07980771 core:RetainedEarningsAccumulatedLosses 2024-03-31 07980771 core:RetainedEarningsAccumulatedLosses 2023-03-31 07980771 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 07980771 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-03-31 07980771 core:CostValuation core:Non-currentFinancialInstruments 2024-03-31 07980771 core:Non-currentFinancialInstruments 2024-03-31 07980771 core:Non-currentFinancialInstruments 2023-03-31 07980771 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-03-31 07980771 bus:SmallEntities 2023-04-01 2024-03-31 07980771 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 07980771 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 07980771 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 07980771 bus:FullAccounts 2023-04-01 2024-03-31 07980771 core:EntityControlledByKeyManagementPersonnel1 2023-04-01 2024-03-31 07980771 core:KeyManagementIndividualGroup1 2023-04-01 2024-03-31 07980771 core:KeyManagementIndividualGroup1 2024-03-31 07980771 core:KeyManagementIndividualGroup1 2023-03-31
COMPANY REGISTRATION NUMBER: 07980771
Bretton Park Management Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2024
Bretton Park Management Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
£
£
Fixed assets
Investments
5
2,880,008
2,520,216
Current assets
Cash at bank and in hand
12,192
12,192
Creditors: amounts falling due within one year
6
( 133,326)
( 102,962)
----------
----------
Net current liabilities
( 121,134)
( 90,770)
-------------
-------------
Total assets less current liabilities
2,758,874
2,429,446
-------------
-------------
Net assets
2,758,874
2,429,446
-------------
-------------
Capital and reserves
Called up share capital
297
297
Profit and loss account
2,758,577
2,429,149
-------------
-------------
Shareholders funds
2,758,874
2,429,446
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Bretton Park Management Limited
Statement of Financial Position (continued)
31 March 2024
These financial statements were approved by the board of directors and authorised for issue on 21 January 2025 , and are signed on behalf of the board by:
Mr F R C Barker
Director
Company registration number: 07980771
Bretton Park Management Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Stow Park Farm, Stow, Lincoln, LN1 2AL.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Going concern
The UK economy has recently been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the directors have considered the effect of these matters on the company with the information available to it and do not believe that it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the directors have prepared these financial statements on a going concern basis.
(c) Revenue recognition
Income from partnerships in which the company is a partner is recognised in the period in which it arises .
(d) Current & deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively . Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date . Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference .
(e) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
(f) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
(g) Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangements, as either financial assets,financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its liabilities .
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Investments
Partners Capital Account in H Barker & Sons
£
Cost
At 1 April 2023
2,520,216
Additions
441,038
Disposals
( 81,246)
-------------
At 31 March 2024
2,880,008
-------------
Impairment
At 1 April 2023 and 31 March 2024
-------------
Carrying amount
At 31 March 2024
2,880,008
-------------
At 31 March 2023
2,520,216
-------------
6. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
109,810
81,246
Other creditors
23,516
21,716
----------
----------
133,326
102,962
----------
----------
7. Related party transactions
The company is a partner in a farming partnership in which the directors and shareholders are all partners. The company's share of profits for the year ended 31 March 2024 totalled £441,038 (2023 - £429,331). The company has provided capital totalling £2,880,008 to the partnership (2023 - £2,520,216). During the year the directors and shareholders , made available a loan to the company . At the balance sheet date the balance due totalled £ 20,000 (2023 - £ 20,000 ). No interest was charged on the loan in the year and the loan is repayable on demand.