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REGISTERED NUMBER: 11440308 (England and Wales)











FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

BISHOPS OF DRIFFIELD LIMITED

BISHOPS OF DRIFFIELD LIMITED (REGISTERED NUMBER: 11440308)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BISHOPS OF DRIFFIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: D Unna
E L Unna





REGISTERED OFFICE: Town End Farm
North Marine Road
Flamborough
Bridlington
East Yorkshire
YO15 1LF





REGISTERED NUMBER: 11440308 (England and Wales)





ACCOUNTANTS: Lloyd Dowson Limited
Medina House
2 Station Avenue
Bridlington
East Yorkshire
YO16 4LZ

BISHOPS OF DRIFFIELD LIMITED (REGISTERED NUMBER: 11440308)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 73,025 45,602
Investment property 5 832,432 832,432
905,457 878,034

CURRENT ASSETS
Stocks 104,893 117,502
Debtors 6 32,978 46,129
Cash at bank 6,823 32,598
144,694 196,229
CREDITORS
Amounts falling due within one year 7 180,017 153,249
NET CURRENT (LIABILITIES)/ASSETS (35,323 ) 42,980
TOTAL ASSETS LESS CURRENT
LIABILITIES

870,134

921,014

CREDITORS
Amounts falling due after more than one
year

8

(785,724

)

(809,236

)

PROVISIONS FOR LIABILITIES (7,548 ) (1,268 )
NET ASSETS 76,862 110,510

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 76,762 110,410
76,862 110,510

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

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

BISHOPS OF DRIFFIELD LIMITED (REGISTERED NUMBER: 11440308)

BALANCE SHEET - continued
30 JUNE 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 February 2025 and were signed on its behalf by:




D Unna - Director



E L Unna - Director


BISHOPS OF DRIFFIELD LIMITED (REGISTERED NUMBER: 11440308)

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

1. STATUTORY INFORMATION

Bishops of Driffield 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.

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

Turnover is derived from the retail of furniture and associated items and is recognised when the goods change hands.

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 - 5% on cost
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

BISHOPS OF DRIFFIELD LIMITED (REGISTERED NUMBER: 11440308)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the statement of income and retained earnings on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates an auto-enrolment pension scheme. Contributions payable to the company's pension scheme are charged to the statement of income and retained earnings in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023 49,388 10,759 60,147
Additions - 42,082 42,082
At 30 June 2024 49,388 52,841 102,229
DEPRECIATION
At 1 July 2023 10,464 4,081 14,545
Charge for year 2,469 12,190 14,659
At 30 June 2024 12,933 16,271 29,204
NET BOOK VALUE
At 30 June 2024 36,455 36,570 73,025
At 30 June 2023 38,924 6,678 45,602

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 832,432
NET BOOK VALUE
At 30 June 2024 832,432
At 30 June 2023 832,432

In the directors' opinion the fair value is equal to historical cost.

BISHOPS OF DRIFFIELD LIMITED (REGISTERED NUMBER: 11440308)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 28,638 18,263
Other debtors 4,340 27,866
32,978 46,129

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 31,066 28,990
Trade creditors 14,797 30,439
Amounts owed to associates 80,074 -
Taxation and social security 10,491 7,941
Other creditors 43,589 85,879
180,017 153,249

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 785,724 809,236

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 669,102 711,984

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank Loan 795,497 -

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

30.6.24 30.6.23
£    £   
D Unna
Balance outstanding at start of year 27,703 (391,109 )
Amounts advanced 9,732 429,001
Amounts repaid (78,529 ) (10,189 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (41,094 ) 27,703