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REGISTERED NUMBER: 10940362 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Breckland Crematorium Ltd

Breckland Crematorium Ltd (Registered number: 10940362)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


Breckland Crematorium Ltd (Registered number: 10940362)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £ £
Fixed assets
Intangible assets 5 15,730 8,584
Tangible assets 6 4,957,540 482,578
4,973,270 491,162

Current assets
Stocks 10,465 10,486
Debtors 7 97,425 84,518
Cash at bank and in hand 268,577 223,925
376,467 318,929
Creditors
Amounts falling due within one year 8 (303,483 ) (125,555 )
Net current assets 72,984 193,374
Total assets less current liabilities 5,046,254 684,536

Creditors
Amounts falling due after more than one year 9 (4,250,000 ) -

Provisions for liabilities (89,278 ) (96,047 )
Net assets 706,976 588,489

Breckland Crematorium Ltd (Registered number: 10940362)

Balance Sheet - continued
30 September 2024

30.9.24 30.9.23
Notes £ £
Capital and reserves
Called up share capital 103 103
Retained earnings 706,873 588,386
706,976 588,489

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 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 5 March 2025 and were signed on its behalf by:





Mr R G E Thornalley - Director


Breckland Crematorium Ltd (Registered number: 10940362)

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


1. Statutory information

Breckland Crematorium Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10940362

Registered office: 22-26 King Street
King's Lynn
Norfolk
PE30 1HJ

The presentation 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 under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant effect upon the figures reported in the financial statements are in respect of the rates applied for amortisation and depreciation, as described below.

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

Revenue is recognised at the point the service is provided.

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.

Computer software is being amortised evenly over its estimated useful life of ten years.

Breckland Crematorium Ltd (Registered number: 10940362)

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


3. Accounting policies - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 2% straight line and Land not depreciated
Short leasehold - 10% on cost
Plant and machinery - 20% p.a. reducing balance
Fixtures and fittings - 15% p.a. reducing balance
Motor vehicles - 25% p.a. reducing balance

Tangible fixed assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and
slow moving items. Net realisable value is calculated at the lower of cost or selling price less cost to complete.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Breckland Crematorium Ltd (Registered number: 10940362)

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


3. Accounting policies - continued

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. Employees and directors

The average number of employees during the year was 11 (2023 - 11 ) .

Breckland Crematorium Ltd (Registered number: 10940362)

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


5. Intangible fixed assets
Computer
software
£
Cost
At 1 October 2023 17,460
Additions 9,880
At 30 September 2024 27,340
Amortisation
At 1 October 2023 8,876
Amortisation for year 2,734
At 30 September 2024 11,610
Net book value
At 30 September 2024 15,730
At 30 September 2023 8,584

6. Tangible fixed assets
Freehold Short Plant and
property leasehold machinery
£ £ £
Cost
At 1 October 2023 - 75,947 1,032,134
Additions 4,615,395 - 16,840
Disposals - - -
Reclassification/transfer 75,947 (75,947 ) -
At 30 September 2024 4,691,342 - 1,048,974
Depreciation
At 1 October 2023 - 35,870 659,049
Charge for year 82,957 5,063 78,043
Eliminated on disposal - - -
Reclassification/transfer 40,933 (40,933 ) -
At 30 September 2024 123,890 - 737,092
Net book value
At 30 September 2024 4,567,452 - 311,882
At 30 September 2023 - 40,077 373,085

Breckland Crematorium Ltd (Registered number: 10940362)

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


6. Tangible fixed assets - continued

Fixtures
and Motor
fittings vehicles Totals
£ £ £
Cost
At 1 October 2023 79,953 55,461 1,243,495
Additions 823 30,671 4,663,729
Disposals - (6,500 ) (6,500 )
Reclassification/transfer - - -
At 30 September 2024 80,776 79,632 5,900,724
Depreciation
At 1 October 2023 40,134 25,864 760,917
Charge for year 6,095 14,553 186,711
Eliminated on disposal - (4,444 ) (4,444 )
Reclassification/transfer - - -
At 30 September 2024 46,229 35,973 943,184
Net book value
At 30 September 2024 34,547 43,659 4,957,540
At 30 September 2023 39,819 29,597 482,578

7. Debtors: amounts falling due within one year
30.9.24 30.9.23
£ £
Trade debtors 85,719 73,023
Other debtors 11,706 11,495
97,425 84,518

8. Creditors: amounts falling due within one year
30.9.24 30.9.23
£ £
Trade creditors 8,575 3,826
Taxation and social security 132,882 109,268
Other creditors 162,026 12,461
303,483 125,555

Breckland Crematorium Ltd (Registered number: 10940362)

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


9. Creditors: amounts falling due after more than one year
30.9.24 30.9.23
£ £
Other creditors 4,250,000 -

Included within other creditors falling due after one year are balances which fall due after five years totalling £3,650,000.
20242023
£   £   

Repayable by instalments254,6930
Not repayable by instalments3,395,3070


10. Related party disclosures

Included within other creditors falling due both within one year and after one year are loans advanced by certain of the directors totalling £4,400,000. These loans have been advanced free of interest.