IRIS Accounts Production v24.3.2.46 07488352 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh074883522023-04-30074883522024-04-30074883522023-05-012024-04-30074883522022-04-30074883522022-05-012023-04-30074883522023-04-3007488352ns15:EnglandWales2023-05-012024-04-3007488352ns14:PoundSterling2023-05-012024-04-3007488352ns10:Director12023-05-012024-04-3007488352ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3007488352ns10:SmallEntities2023-05-012024-04-3007488352ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3007488352ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3007488352ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3007488352ns10:FullAccounts2023-05-012024-04-300748835212023-05-012024-04-3007488352ns10:OrdinaryShareClass12023-05-012024-04-3007488352ns10:Director22023-05-012024-04-3007488352ns10:Director32023-05-012024-04-3007488352ns10:RegisteredOffice2023-05-012024-04-3007488352ns5:CurrentFinancialInstruments2024-04-3007488352ns5:CurrentFinancialInstruments2023-04-3007488352ns5:ShareCapital2024-04-3007488352ns5:ShareCapital2023-04-3007488352ns5:RetainedEarningsAccumulatedLosses2024-04-3007488352ns5:RetainedEarningsAccumulatedLosses2023-04-3007488352ns5:PatentsTrademarksLicencesConcessionsSimilar2023-05-012024-04-3007488352ns5:IntangibleAssetsOtherThanGoodwill2023-04-3007488352ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3007488352ns5:IntangibleAssetsOtherThanGoodwill2024-04-3007488352ns5:IntangibleAssetsOtherThanGoodwill2023-04-3007488352ns5:PlantMachinery2023-04-3007488352ns5:PlantMachinery2023-05-012024-04-3007488352ns5:PlantMachinery2024-04-3007488352ns5:PlantMachinery2023-04-3007488352ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3007488352ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3007488352ns5:Secured2024-04-3007488352ns5:Secured2023-04-3007488352ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 07488352 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Ben Bailey Homes Ltd

Ben Bailey Homes Ltd (Registered number: 07488352)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ben Bailey Homes Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr B J Bailey
Mr J L Brook
Mr R Conroy





REGISTERED OFFICE: Brook House
Barnsley Road
Dodworth
Barnsley
South Yorkshire
S75 3JT





REGISTERED NUMBER: 07488352 (England and Wales)





ACCOUNTANTS: Harris & Co Limited
Chartered Accountants
Marland House
13 Huddersfield Road
Barnsley
South Yorkshire
S70 2LW

Ben Bailey Homes Ltd (Registered number: 07488352)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 36,902 44,247
Tangible assets 6 81 566
36,983 44,813

CURRENT ASSETS
Stocks 3,191,826 3,637,532
Debtors 7 481,286 1,571,402
Cash at bank 133,821 1,116,977
3,806,933 6,325,911
CREDITORS
Amounts falling due within one year 8 3,491,394 6,139,425
NET CURRENT ASSETS 315,539 186,486
TOTAL ASSETS LESS CURRENT
LIABILITIES

352,522

231,299

PROVISIONS FOR LIABILITIES 20 142
NET ASSETS 352,502 231,157

CAPITAL AND RESERVES
Called up share capital 10 90 90
Retained earnings 352,412 231,067
SHAREHOLDERS' FUNDS 352,502 231,157

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

The members have not required the Company to obtain an audit of its financial statements for the year ended 30 April 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.

Ben Bailey Homes Ltd (Registered number: 07488352)

Balance Sheet - continued
30 April 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 December 2024 and were signed on its behalf by:





Mr R Conroy - Director


Ben Bailey Homes Ltd (Registered number: 07488352)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Ben Bailey Homes Ltd 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.

The presentation and functional currency of the financial statements is the Pound Sterling (£).

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on a going concern basis under the historical cost convention.

Significant judgements and estimates
The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Turnover and profit recognition
Operating profit comprises the results of property development. Profit is taken on property sales when legal
completion has taken place.

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.

Intangible assets are amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

All fixed assets are initially recorded at cost.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Ben Bailey Homes Ltd (Registered number: 07488352)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. 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.

4. EMPLOYEES AND DIRECTORS

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

5. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 73,450
AMORTISATION
At 1 May 2023 29,203
Charge for year 7,345
At 30 April 2024 36,548
NET BOOK VALUE
At 30 April 2024 36,902
At 30 April 2023 44,247

6. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 1,455
DEPRECIATION
At 1 May 2023 889
Charge for year 485
At 30 April 2024 1,374
NET BOOK VALUE
At 30 April 2024 81
At 30 April 2023 566

Ben Bailey Homes Ltd (Registered number: 07488352)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 436,894 -
Other debtors 44,392 1,571,402
481,286 1,571,402

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 967,003 1,814,137
Trade creditors 738,563 1,297,107
Amounts owed to group undertakings 750,679 2,392,567
Taxation and social security 8,618 14,434
Other creditors 1,026,531 621,180
3,491,394 6,139,425

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 967,003 1,814,137

The bank loans are secured over the assets of the company, the assets of certain other group companies and the shares of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 Ordinary £1 90 90

11. CONTINGENT LIABILITIES

The company's assets and shares are pledged as security by a cross guarantee against the bank borrowings of certain other group companies.

12. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Conroy Brook Holdings Limited, a company registered in England and Wales.