BBM (HORTON CUM STUDLEY) LTD | |||||||||||
UNAUDITED FINANCIAL STATEMENTS | |||||||||||
FOR THE YEAR ENDED | |||||||||||
30 APRIL 2024 | |||||||||||
Company Registration Number: 09214342 | |||||||||||
BBM (HORTON CUM STUDLEY) LTD | |||||||||||
UNAUDITED FINANCIAL STATEMENTS | |||||||||||
FOR THE YEAR ENDED 30 APRIL 2024 | |||||||||||
CONTENTS | PAGES | ||||||||||
Company information | 1 | ||||||||||
Balance sheet | 2 to 3 | ||||||||||
Notes to the financial statements | 4 to 8 | ||||||||||
BBM (HORTON CUM STUDLEY) LTD | |||||||||||
COMPANY INFORMATION | |||||||||||
FOR THE YEAR ENDED 30 APRIL 2024 | |||||||||||
DIRECTORS | |||||||||||
SECRETARY | |||||||||||
The company does not have an appointed secretary | |||||||||||
REGISTERED OFFICE | |||||||||||
COMPANY REGISTRATION NUMBER | |||||||||||
09214342 England and Wales | |||||||||||
BBM (HORTON CUM STUDLEY) LTD | |||||||||||
BALANCE SHEET | |||||||||||
AS AT 30 APRIL 2024 | |||||||||||
Notes | 2024 | 2023 | |||||||||
£ | £ | ||||||||||
FIXED ASSETS | |||||||||||
Tangible assets | 5 | ||||||||||
Investments | 6 | ||||||||||
CURRENT ASSETS | |||||||||||
Debtors | 7 | ||||||||||
CREDITORS: Amounts falling due within one year | 8 | ||||||||||
NET CURRENT LIABILITIES | ( |
( |
|||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | |||||||||||
Provisions for liabilities and charges | |||||||||||
NET ASSETS | |||||||||||
CAPITAL AND RESERVES | |||||||||||
Called up share capital | |||||||||||
Distributable profit and loss account | ( |
( |
|||||||||
Non distributable profit and loss account | |||||||||||
SHAREHOLDERS' FUNDS | |||||||||||
BBM (HORTON CUM STUDLEY) LTD | |||||||||||
BALANCE SHEET | |||||||||||
AS AT 30 APRIL 2024 | |||||||||||
As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report. | |||||||||||
Signed on behalf of the board of directors | |||||||||||
K E Heathcote | J M Higgs | ||||||||||
Director | Director | ||||||||||
Date approved by the board: |
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BBM (HORTON CUM STUDLEY) LTD | |||||||||||
NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
FOR THE YEAR ENDED 30 APRIL 2024 | |||||||||||
1 | GENERAL INFORMATION | ||||||||||
BBM (Horton cum Studley) Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office is: | |||||||||||
The Straight Mile | |||||||||||
Horton cum Studley | |||||||||||
Oxford | |||||||||||
OX33 1BF | |||||||||||
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | ||||||||||
Basis of preparation of financial statements | |||||||||||
Going concern | |||||||||||
The accounts have been drawn up on the going concern basis. The company owes one of the shareholders a total of £3,150,850, which could be required for repayment without notice. The company is therefore dependent upon the continued support of this shareholder. The directors and shareholders do not consider their own support likely to be withdrawn. | |||||||||||
If the going concern basis was not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amounts, to provide for additional liabilities that might arise and to reclassify fixed assets as current assets. |
Tangible fixed assets | |||||||||||
Fixed assets are stated at fair value. | |||||||||||
Investments | |||||||||||
Investments in subsidiaries are shown at cost less accumulated impairment losses. | |||||||||||
BBM (HORTON CUM STUDLEY) LTD | |||||||||||
NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
FOR THE YEAR ENDED 30 APRIL 2024 | |||||||||||
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…) | ||||||||||
Financial Instruments | |||||||||||
The impairment loss for financial assets measured at cost is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date. |
Financial assets and liabilities are offset and the net amount reported in the balance sheet when there is an enforceable right to set off the recognised amount and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. | |||||||||||
Impairment of non-financial assets | |||||||||||
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets (which is the higher of value in use and the fair value less cost to sell) is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in the profit and loss account. | |||||||||||
If an impairment loss is subsequently reversed, the carrying amount of the asset, or group of related assets, is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset, or group of related assets, in prior periods. A reversal of an impairment loss is recognised immediately in the profit and loss account. |
Debtors | |
Short term debtors are measured at transaction price, less any impairment. | |||||||||||
Creditors | |||||||||||
BBM (HORTON CUM STUDLEY) LTD | |||||||||||
NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
FOR THE YEAR ENDED 30 APRIL 2024 | |||||||||||
2 | SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (continued…) | ||||||||||
Taxation | |||||||||||
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 taxable profits. | |||||||||||
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. | |||||||||||
Consolidation | |||||||||||
3 | CRITICAL ACCOUNTING ESTIMATES AND JUDGEMENTS | ||||||||||
4 | EMPLOYEES | ||||||||||
The average number of persons employed by the company (including directors) during the year was: | |||||||||||
2024 | 2023 | ||||||||||
Average number of employees | |||||||||||
BBM (HORTON CUM STUDLEY) LTD | |||||||||||
NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
FOR THE YEAR ENDED 30 APRIL 2024 | |||||||||||
5 | TANGIBLE ASSETS | ||||||||||
Freehold land and buildings | |||||||||||
£ | |||||||||||
Cost | |||||||||||
At 1 May 2023 | |||||||||||
At 30 April 2024 | |||||||||||
Net book value | |||||||||||
At 1 May 2023 | |||||||||||
At 30 April 2024 | |||||||||||
6 | FIXED ASSET INVESTMENTS | ||||||||||
Investment in subsidiary | |||||||||||
£ | |||||||||||
Cost | |||||||||||
At 1 May 2023 | |||||||||||
At 30 April 2024 | |||||||||||
Net book value | |||||||||||
At 1 May 2023 | |||||||||||
At 30 April 2024 | |||||||||||
7 | DEBTORS | ||||||||||
2024 | 2023 | ||||||||||
£ | £ | ||||||||||
Other debtors | |||||||||||
8 | CREDITORS: Amounts falling due within one year | ||||||||||
2024 | 2023 | ||||||||||
£ | £ | ||||||||||
Accruals and deferred income | |||||||||||
Other creditors | |||||||||||
3,153,350 | 3,152,500 | ||||||||||
BBM (HORTON CUM STUDLEY) LTD | |||||||||||
NOTES TO THE FINANCIAL STATEMENTS | |||||||||||
FOR THE YEAR ENDED 30 APRIL 2024 | |||||||||||
9 | SECURED DEBTS | ||||||||||
10 | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES | ||||||||||
The following director's advances, credits and guarantees took place during the year: | |||||||||||
Balance at 1 May 2023 | Amounts advanced | Amounts repaid | Amounts written off or waived | Balance at 30 April 2024 | |||||||
£ | £ | £ | £ | £ | |||||||
K E Heathcote | - | ||||||||||
Interest has been charged on this advance at the Beneficial Loan Arrangement Official Rate as prescribed by HM Revenue and Customs. The advance is repayable on demand. | |||||||||||
11 | RELATED PARTY TRANSACTIONS | ||||||||||
The company has claimed exemptions from reporting disclosure of related party transactions with the following wholly owned group members: | |||||||||||
Subsidiary | |||||||||||
During the year, the following transactions with related parties took place: | |||||||||||
Shareholder | 2024 | 2023 | |||||||||
£ | £ | ||||||||||
Advances to company | |||||||||||