IRIS Accounts Production v24.3.2.46 13127562 director 1.4.23 31.3.24 31.3.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh131275622023-03-31131275622024-03-31131275622023-04-012024-03-31131275622022-03-31131275622022-04-012023-03-31131275622023-03-3113127562ns15:EnglandWales2023-04-012024-03-3113127562ns14:PoundSterling2023-04-012024-03-3113127562ns10:Director12023-04-012024-03-3113127562ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3113127562ns10:SmallEntities2023-04-012024-03-3113127562ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3113127562ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3113127562ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3113127562ns10:FullAccounts2023-04-012024-03-3113127562ns10:RegisteredOffice2023-04-012024-03-3113127562ns5:CurrentFinancialInstruments2024-03-3113127562ns5:CurrentFinancialInstruments2023-03-3113127562ns5:ShareCapital2024-03-3113127562ns5:ShareCapital2023-03-3113127562ns5:RetainedEarningsAccumulatedLosses2024-03-3113127562ns5:RetainedEarningsAccumulatedLosses2023-03-31
REGISTERED NUMBER: 13127562 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BALLNDAD LTD

BALLNDAD LTD (REGISTERED NUMBER: 13127562)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BALLNDAD LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: R J Ball-Hornblow





REGISTERED OFFICE: Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA





REGISTERED NUMBER: 13127562 (England and Wales)





ACCOUNTANTS: Randall & Payne LLP
Chartered Accountants
Chargrove House
Shurdington Road
Cheltenham
Gloucestershire
GL51 4GA

BALLNDAD LTD (REGISTERED NUMBER: 13127562)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 600,000 1,000,000

CURRENT ASSETS
Cash at bank 100 100

CREDITORS
Amounts falling due within one year 5 125,517 379,566
NET CURRENT LIABILITIES (125,417 ) (379,466 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

474,583

620,534

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 474,483 620,434
474,583 620,534

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 director acknowledges his 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 director and authorised for issue on 6 March 2025 and were signed by:





R J Ball-Hornblow - Director


BALLNDAD LTD (REGISTERED NUMBER: 13127562)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Ballndad 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 currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Ballndad Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

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.

Going concern
There are no material uncertainties that may cast significant doubt about the company’s ability to continue as a going concern with the ongoing support of the director.

BALLNDAD LTD (REGISTERED NUMBER: 13127562)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued

Provisions
Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. FIXED ASSET INVESTMENTS

On 2 March 2021 Ballndad Limited purchased all the shares in Balls Grinding Limited for a consideration of £1,000,000 such that Balls Grinding Limited became a wholly owned subsidiary.

The director has made an assessment of the value of the investment in the subsidiary, and taken the decision to impair the investment from £1,000,000 to £600,000 to better reflect the balance sheet value of the subsidiary.

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 15,638 14,789
Other creditors 109,154 364,117
Accrued expenses 725 660
125,517 379,566

6. RELATED PARTY DISCLOSURES

The other creditor balance in these financial statements represents a loan from a shareholder. No interest is being charged on the balance. Post year end the shareholder became a director and as such post year end the creditor balance becomes a Director's loan account.