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REGISTERED NUMBER: 02890841 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Ballingham Hall Limited

Ballingham Hall Limited (Registered number: 02890841)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ballingham Hall Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: D R Watkins
G M Watkins





SECRETARY: G M Watkins





REGISTERED OFFICE: Ballingham Hall Farm
Holme Lacy
Hereford
HR2 6NH





REGISTERED NUMBER: 02890841 (England and Wales)





ACCOUNTANTS: R J Francis & Co
Suites 1 & 2
Marshall Business Centre
Faraday Road
Hereford
Herefordshire
HR4 9NS

Ballingham Hall Limited (Registered number: 02890841)

Balance Sheet
31 March 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,879,654 4,709,736
Investments 6 389 389
Investment property 7 850,000 -
4,730,043 4,710,125

CURRENT ASSETS
Stocks 38,600 33,864
Debtors 8 827,307 548,503
Cash at bank 34,742 11,131
900,649 593,498
CREDITORS
Amounts falling due within one year 9 1,960,218 1,437,050
NET CURRENT LIABILITIES (1,059,569 ) (843,552 )
TOTAL ASSETS LESS CURRENT LIABILITIES 3,670,474 3,866,573

CREDITORS
Amounts falling due after more than one
year

10

(1,121,526

)

(1,292,599

)

PROVISIONS FOR LIABILITIES (91,810 ) (84,417 )
NET ASSETS 2,457,138 2,489,557

Ballingham Hall Limited (Registered number: 02890841)

Balance Sheet - continued
31 March 2024

2024 2023
as restated
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 6 6
Fair value reserve 12 116,359 -
Retained earnings 2,340,673 2,489,451
SHAREHOLDERS' FUNDS 2,457,138 2,489,557

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 31 January 2025 and were signed on its behalf by:




D R Watkins - Director



G M Watkins - Director


Ballingham Hall Limited (Registered number: 02890841)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Ballingham Hall 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 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 as modified by the revaluation of certain assets.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on reducing balance
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% 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
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

Ballingham Hall Limited (Registered number: 02890841)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 23 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023
and 31 March 2024 159,000
AMORTISATION
At 1 April 2023
and 31 March 2024 159,000
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Ballingham Hall Limited (Registered number: 02890841)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Freehold Plant and Motor
property machinery vehicles Totals
£    £    £    £   
COST
At 1 April 2023 4,654,392 2,415,483 113,221 7,183,096
Additions 21,258 25,585 - 46,843
Disposals (706,347 ) (57,000 ) (57,689 ) (821,036 )
At 31 March 2024 3,969,303 2,384,068 55,532 6,408,903
DEPRECIATION
At 1 April 2023 388,957 2,030,206 54,197 2,473,360
Charge for year 40,246 57,835 3,939 102,020
Eliminated on disposal - (31,709 ) (14,422 ) (46,131 )
At 31 March 2024 429,203 2,056,332 43,714 2,529,249
NET BOOK VALUE
At 31 March 2024 3,540,100 327,736 11,818 3,879,654
At 31 March 2023 4,265,435 385,277 59,024 4,709,736

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 April 2023
and 31 March 2024 389
NET BOOK VALUE
At 31 March 2024 389
At 31 March 2023 389

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 706,347
Revaluations 143,653
At 31 March 2024 850,000
NET BOOK VALUE
At 31 March 2024 850,000

The property that had previously been included in freehold land and buildings has been reclassified as investment property under FRS 102.

Ballingham Hall Limited (Registered number: 02890841)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 850,000

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

2024 2023
as restated
£    £   
Cost 706,347 -

The investment property was valued on an open market basis on 31 March 2024 by the director .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 762,034 492,854
Other debtors 65,273 55,649
827,307 548,503

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 621,154 312,803
Hire purchase contracts 14,413 92,150
Trade creditors 254,944 137,157
Taxation and social security 37,909 43,605
Other creditors 1,031,798 851,335
1,960,218 1,437,050

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
as restated
£    £   
Bank loans 1,101,394 1,292,599
Hire purchase contracts 20,132 -
1,121,526 1,292,599

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 466,074 -

Ballingham Hall Limited (Registered number: 02890841)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
as restated
£    £   
Bank overdrafts 466,845 258,945
Bank loans 1,255,703 1,346,457
Hire purchase contracts 34,545 92,150
1,757,093 1,697,552

HSBC plc hold a fixed and floating charge over all the assets of the company and have a mortgage over the freehold property known as Brook Farm, Little Marcle, Ledbury.

12. RESERVES
Fair
value
reserve
£   
Property revaluation 116,359

At 31 March 2024 116,359