Bourne Valley Holdings Limited 09197890 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is Holding Company Digita Accounts Production Advanced 6.30.9574.0 true false 09197890 2023-04-01 2024-03-31 09197890 2024-03-31 09197890 core:RetainedEarningsAccumulatedLosses 2024-03-31 09197890 core:ShareCapital 2024-03-31 09197890 core:HirePurchaseContracts core:CurrentFinancialInstruments 2024-03-31 09197890 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2024-03-31 09197890 core:CurrentFinancialInstruments 2024-03-31 09197890 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09197890 core:Non-currentFinancialInstruments 2024-03-31 09197890 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09197890 core:BetweenTwoFiveYears 2024-03-31 09197890 core:WithinOneYear 2024-03-31 09197890 core:FurnitureFittingsToolsEquipment 2024-03-31 09197890 core:MotorVehicles 2024-03-31 09197890 core:OtherPropertyPlantEquipment 2024-03-31 09197890 1 2024-03-31 09197890 bus:SmallEntities 2023-04-01 2024-03-31 09197890 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09197890 bus:FilletedAccounts 2023-04-01 2024-03-31 09197890 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09197890 bus:RegisteredOffice 2023-04-01 2024-03-31 09197890 bus:Director1 2023-04-01 2024-03-31 09197890 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09197890 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 09197890 core:MotorVehicles 2023-04-01 2024-03-31 09197890 core:OfficeEquipment 2023-04-01 2024-03-31 09197890 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 09197890 core:PlantMachinery 2023-04-01 2024-03-31 09197890 countries:England 2023-04-01 2024-03-31 09197890 1 2023-04-01 2024-03-31 09197890 2023-03-31 09197890 core:CostValuation 2023-03-31 09197890 core:FurnitureFittingsToolsEquipment 2023-03-31 09197890 core:MotorVehicles 2023-03-31 09197890 core:OtherPropertyPlantEquipment 2023-03-31 09197890 1 2023-03-31 09197890 2022-04-01 2023-03-31 09197890 2023-03-31 09197890 core:RetainedEarningsAccumulatedLosses 2023-03-31 09197890 core:ShareCapital 2023-03-31 09197890 core:HirePurchaseContracts core:CurrentFinancialInstruments 2023-03-31 09197890 core:HirePurchaseContracts core:Non-currentFinancialInstruments 2023-03-31 09197890 core:CurrentFinancialInstruments 2023-03-31 09197890 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09197890 core:Non-currentFinancialInstruments 2023-03-31 09197890 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09197890 core:BetweenTwoFiveYears 2023-03-31 09197890 core:WithinOneYear 2023-03-31 09197890 core:FurnitureFittingsToolsEquipment 2023-03-31 09197890 core:MotorVehicles 2023-03-31 09197890 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09197890

Bourne Valley Holdings Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Bourne Valley Holdings Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 9

 

Bourne Valley Holdings Limited

(Registration number: 09197890)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

31,488

46,019

Investments

6

500

500

 

31,988

46,519

Current assets

 

Debtors

7

1,593,935

856,997

Cash at bank and in hand

 

891

8,248

 

1,594,826

865,245

Creditors: Amounts falling due within one year

8

(1,290,787)

(459,036)

Net current assets

 

304,039

406,209

Total assets less current liabilities

 

336,027

452,728

Creditors: Amounts falling due after more than one year

8

(50,150)

(73,319)

Net assets

 

285,877

379,409

Capital and reserves

 

Called up share capital

200

200

Retained earnings

285,677

379,209

Shareholders' funds

 

285,877

379,409

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 19 March 2025 and signed on its behalf by:
 

 

Bourne Valley Holdings Limited

(Registration number: 09197890)
Balance Sheet as at 31 March 2024

.........................................
A J Teal
Director

 

Bourne Valley Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Suite 2 Healey House
Dene Road
Andover
Hampshire
SP10 2AA

These financial statements were authorised for issue by the Board on 19 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Group accounts not prepared

The company is part of a small group. The company has taken advantage of the exemption provided by Section 398 of the Companies Act 2006 and has not prepared group accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants in relation to tangible fixed asset are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.

 

Bourne Valley Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33.3% straight line

Motor vehicles

25% straight line

Plant and machinery

25% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Bourne Valley Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Bourne Valley Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Financial instruments


Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

14,531

10,136

Income from shares in group undertakings

(1,600)

(95,740)

 

Bourne Valley Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

5

Tangible assets

Office equipment
 £

Motor vehicles
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2023

1,175

12,601

45,075

58,851

At 31 March 2024

1,175

12,601

45,075

58,851

Depreciation

At 1 April 2023

1,063

525

11,244

12,832

Charge for the year

112

3,150

11,269

14,531

At 31 March 2024

1,175

3,675

22,513

27,363

Carrying amount

At 31 March 2024

-

8,926

22,562

31,488

At 31 March 2023

112

12,076

33,831

46,019

6

Investments

2024
£

2023
£

Investments in subsidiaries

500

500

Subsidiaries

£

Cost or valuation

At 1 April 2023

500

Provision

Carrying amount

At 31 March 2024

500

At 31 March 2023

500

 

Bourne Valley Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

11

1,563,203

847,440

Prepayments

 

5,599

3,526

Other debtors

 

25,133

6,031

   

1,593,935

856,997

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

37,291

19,226

Trade creditors

 

34,482

364

Amounts owed to group undertakings and undertakings in which the company has a participating interest

11

1,209,242

430,933

Taxation and social security

 

8,935

953

Accruals and deferred income

 

750

7,560

Other creditors

 

87

-

 

1,290,787

459,036

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

50,150

73,319

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

32,500

37,500

Hire purchase contracts

17,650

35,819

50,150

73,319

Current loans and borrowings

 

Bourne Valley Holdings Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2024
£

2023
£

Bank borrowings

10,000

10,000

Hire purchase contracts

18,119

9,226

Other borrowings

9,172

-

37,291

19,226

10

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2024
£

2023
£

Not later than one year

17,962

17,992

Later than one year and not later than five years

33,686

43,065

51,648

61,057

The amount of non-cancellable operating lease payments recognised as an expense during the year was £19,300 (2023 - £15,208).

11

Related party transactions

Transactions with directors

2024

At 1 April 2023
£

Advances to director
£

Repayments by director
£

At 31 March 2024
£

Overdrawn loan account

5,756

145,655

(160,582)

(9,172)