Caseware UK (AP4) 2024.0.164 2024.0.164 2024-08-312024-08-31false2023-09-01falseNo description of principal activity23falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 10678071 2023-09-01 2024-08-31 10678071 2022-09-01 2023-08-31 10678071 2024-08-31 10678071 2023-08-31 10678071 c:Director1 2023-09-01 2024-08-31 10678071 c:Director2 2023-09-01 2024-08-31 10678071 d:Buildings 2023-09-01 2024-08-31 10678071 d:Buildings 2024-08-31 10678071 d:Buildings 2023-08-31 10678071 d:Buildings d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10678071 d:LandBuildings 2024-08-31 10678071 d:LandBuildings 2023-08-31 10678071 d:PlantMachinery 2023-09-01 2024-08-31 10678071 d:PlantMachinery 2024-08-31 10678071 d:PlantMachinery 2023-08-31 10678071 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10678071 d:MotorVehicles 2023-09-01 2024-08-31 10678071 d:MotorVehicles 2024-08-31 10678071 d:MotorVehicles 2023-08-31 10678071 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10678071 d:OfficeEquipment 2023-09-01 2024-08-31 10678071 d:OfficeEquipment 2024-08-31 10678071 d:OfficeEquipment 2023-08-31 10678071 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10678071 d:OwnedOrFreeholdAssets 2023-09-01 2024-08-31 10678071 d:FreeholdInvestmentProperty 2023-09-01 2024-08-31 10678071 d:FreeholdInvestmentProperty 2024-08-31 10678071 d:FreeholdInvestmentProperty 2023-08-31 10678071 d:CurrentFinancialInstruments 2024-08-31 10678071 d:CurrentFinancialInstruments 2023-08-31 10678071 d:Non-currentFinancialInstruments 2024-08-31 10678071 d:Non-currentFinancialInstruments 2023-08-31 10678071 d:CurrentFinancialInstruments d:WithinOneYear 2024-08-31 10678071 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 10678071 d:Non-currentFinancialInstruments d:AfterOneYear 2024-08-31 10678071 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 10678071 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-08-31 10678071 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 10678071 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-08-31 10678071 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 10678071 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-08-31 10678071 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-08-31 10678071 d:ShareCapital 2024-08-31 10678071 d:ShareCapital 2023-08-31 10678071 d:RetainedEarningsAccumulatedLosses 2024-08-31 10678071 d:RetainedEarningsAccumulatedLosses 2023-08-31 10678071 c:FRS102 2023-09-01 2024-08-31 10678071 c:AuditExempt-NoAccountantsReport 2023-09-01 2024-08-31 10678071 c:FullAccounts 2023-09-01 2024-08-31 10678071 c:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 10678071 e:PoundSterling 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
                                                                                                                      Registered number: 10678071














BIRCHWOOD BUILDING LIMITED


UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

 
BIRCHWOOD BUILDING LIMITED
REGISTERED NUMBER:10678071

STATEMENT OF FINANCIAL POSITION
AS AT 31 AUGUST 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
828,826
695,254

Investment property
 5 
700,000
1,000,000

  
1,528,826
1,695,254

Current assets
  

Stocks
  
-
169,358

Debtors: amounts falling due within one year
 6 
29,861
129,525

Cash at bank and in hand
 7 
48,678
14,963

  
78,539
313,846

Creditors: amounts falling due within one year
 8 
(594,168)
(593,068)

Net current liabilities
  
 
 
(515,629)
 
 
(279,222)

Total assets less current liabilities
  
1,013,197
1,416,032

Creditors: amounts falling due after more than one year
 9 
(312,833)
(541,946)

Provisions for liabilities
  

Deferred tax
  
(111,019)
(154,795)

  
 
 
(111,019)
 
 
(154,795)

Net assets
  
589,345
719,291


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
589,245
719,191

  
589,345
719,291


Page 1

 
BIRCHWOOD BUILDING LIMITED
REGISTERED NUMBER:10678071
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 AUGUST 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Simon Gardner
................................................
Emma Gardner
Director
Director


Date: 11 March 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
BIRCHWOOD BUILDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1.


General information

Birchwood Building Limited is a company limited by shares incorporated in England & Wales, registered number 10678071. The address of the registered office is Birchwood, Vale Road, High Kelling, Holt, Norfolk, NR25 6RA.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company meets its day to day working capital requirements by the support of its director. The director agrees not to withdraw his support, and all other creditors will rank in preference.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
BIRCHWOOD BUILDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
BIRCHWOOD BUILDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as detailed below.

Depreciation is provided on the following basis:

Freehold property
-
Nil depreciation
Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
BIRCHWOOD BUILDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

2.Accounting policies (continued)

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.14

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

2024
2023
£
£

Wages and salaries
18,442
20,192

18,442
20,192


The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 6

 
BIRCHWOOD BUILDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 September 2023
683,206
10,195
28,059
8,752
730,212


Additions
136,584
-
-
-
136,584



At 31 August 2024

819,790
10,195
28,059
8,752
866,796



Depreciation


At 1 September 2023
-
6,272
23,066
5,620
34,958


Charge for the year on owned assets
-
981
1,248
783
3,012



At 31 August 2024

-
7,253
24,314
6,403
37,970



Net book value



At 31 August 2024
819,790
2,942
3,745
2,349
828,826



At 31 August 2023
683,206
3,923
4,993
3,132
695,254




The net book value of land and buildings may be further analysed as follows:


2024
2023
£
£

Freehold
819,789
683,206

819,789
683,206


Page 7

 
BIRCHWOOD BUILDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

5.


Investment property


Freehold investment property

£



Valuation


At 1 September 2023
1,000,000


Disposals
(300,000)



At 31 August 2024
700,000

The 2024 valuations were made by the director, Simon Gardner, on an open market value for existing use basis.





6.


Debtors

2024
2023
£
£


Trade debtors
18,145
34,286

Amount owed by company under common control
(471)
39,686

Prepayments and accrued income
12,187
55,553

29,861
129,525



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
48,678
14,963

48,678
14,963


Page 8

 
BIRCHWOOD BUILDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
8,281
8,477

Other loans
40,000
250,000

Trade creditors
3,007
31,191

Corporation tax
24,994
18,693

Other taxation and social security
4,092
14,006

Other creditors
426,380
100,158

Accruals and deferred income
87,414
170,543

594,168
593,068


The following liabilities were secured:

2024
2023
£
£



Bank loans
1,442
2,159

1,442
2,159

Details of security provided:

The above loans are secured against the investment property held by the company at North Walsham, being the commercial unit that is let out.

Page 9

 
BIRCHWOOD BUILDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
312,833
541,946

312,833
541,946


The following liabilities were secured:

2024
2023
£
£



Bank loans
280,452
505,754

280,452
505,754

Details of security provided:

The above loans are secured against the investment property held by the company at North Walsham, being the commercial unit that is let out.

Page 10

 
BIRCHWOOD BUILDING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
8,281
8,477

Other loans
40,000
250,000


48,281
258,477

Amounts falling due 1-2 years

Bank loans
8,367
8,621


8,367
8,621

Amounts falling due 2-5 years

Bank loans
25,676
26,829


25,676
26,829

Amounts falling due after more than 5 years

Bank loans
278,790
506,495

278,790
506,495

361,114
800,422


 
Page 11