2 2 Butcher Investment Limited 9094895 false 2023-07-01 2024-06-30 2024-06-30 The principal activity of the company is property development and investment Digita Accounts Production Advanced 6.30.9574.0 true 9094895 2023-07-01 2024-06-30 9094895 2024-06-30 9094895 bus:OrdinaryShareClass1 2024-06-30 9094895 bus:OrdinaryShareClass2 2024-06-30 9094895 core:CurrentFinancialInstruments 2024-06-30 9094895 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 9094895 core:FurnitureFittingsToolsEquipment 2024-06-30 9094895 core:OtherRelatedParties 2024-06-30 9094895 bus:SmallEntities 2023-07-01 2024-06-30 9094895 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 9094895 bus:FilletedAccounts 2023-07-01 2024-06-30 9094895 bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 9094895 bus:RegisteredOffice 2023-07-01 2024-06-30 9094895 bus:Director2 2023-07-01 2024-06-30 9094895 bus:OrdinaryShareClass1 2023-07-01 2024-06-30 9094895 bus:OrdinaryShareClass2 2023-07-01 2024-06-30 9094895 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 9094895 core:FurnitureFittings 2023-07-01 2024-06-30 9094895 core:FurnitureFittingsToolsEquipment 2023-07-01 2024-06-30 9094895 core:OtherRelatedParties 2023-07-01 2024-06-30 9094895 countries:EnglandWales 2023-07-01 2024-06-30 9094895 2023-06-30 9094895 core:FurnitureFittingsToolsEquipment 2023-06-30 9094895 core:OtherRelatedParties 2023-06-30 9094895 2022-07-01 2023-06-30 9094895 2023-06-30 9094895 bus:OrdinaryShareClass1 2023-06-30 9094895 bus:OrdinaryShareClass2 2023-06-30 9094895 core:CurrentFinancialInstruments 2023-06-30 9094895 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 9094895 core:FurnitureFittingsToolsEquipment 2023-06-30 9094895 core:OtherRelatedParties 2023-06-30 9094895 core:OtherRelatedParties 2022-07-01 2023-06-30 9094895 2022-06-30 9094895 core:OtherRelatedParties 2022-06-30 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 9094895

Butcher Investment Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 June 2024

 

Butcher Investment Limited

(Registration number: 9094895)
Balance Sheet as at 30 June 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

4,560

6,363

Investment property

5

900,000

900,000

 

904,560

906,363

Current assets

 

Debtors

6

1,551,875

2,699,631

Cash at bank and in hand

 

14,248

92,989

 

1,566,123

2,792,620

Creditors: Amounts falling due within one year

7

(1,146,311)

(2,461,391)

Net current assets

 

419,812

331,229

Total assets less current liabilities

 

1,324,372

1,237,592

Provisions for liabilities

(99,673)

(115,519)

Net assets

 

1,224,699

1,122,073

Capital and reserves

 

Called up share capital

8

110

110

Other reserves

277,598

277,598

Retained earnings

946,991

844,365

Shareholders' funds

 

1,224,699

1,122,073

For the financial year ending 30 June 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 and 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:
 

.........................................
J M Butcher
Director

   
     
 

Butcher Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

1

General information

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

The address of its registered office is:
35 Chequers Court
Brown Street
Salisbury
Wiltshire
SP1 2AS
England

The principal place of business is:
May Cottage
Homington
Salisbury
Wiltshire
SP5 4NG

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.

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.

Tax

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

 

Butcher Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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

Fixtures and fittings

25% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

 

Butcher Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 July 2023

11,888

11,888

At 30 June 2024

11,888

11,888

Depreciation

At 1 July 2023

5,525

5,525

Charge for the year

1,803

1,803

At 30 June 2024

7,328

7,328

Carrying amount

At 30 June 2024

4,560

4,560

At 30 June 2023

6,363

6,363

 

Butcher Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

5

Investment properties

2024
£

At 1 July

900,000

At 30 June

900,000

The properties were valued by the directors on 30 June 2023, on a current market basis.

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2024
£

2023
£

Trade debtors

12,824

13,026

Prepayments

-

61,582

Other debtors

1,539,051

2,625,023

 

1,551,875

2,699,631

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

72,325

134,725

Accruals and deferred income

25,669

25,850

Other creditors

1,048,317

2,300,816

1,146,311

2,461,391

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100

Ordinary B shares of £1 each

10

10

10

10

110

110

110

110

 

Butcher Investment Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2024

9

Related party transactions

Loans from related parties

2024

Other related parties
£

Total
£

At start of period

2,128,067

2,128,067

Advanced

146,378

146,378

Repaid

(1,438,202)

(1,438,202)

At end of period

836,243

836,243

2023

Other related parties
£

Total
£

At start of period

1,927,274

1,927,274

Advanced

259,165

259,165

Repaid

(58,372)

(58,372)

At end of period

2,128,067

2,128,067

Terms of loans from related parties

The directors made loans to the company. The loans are unsecured and repayable on demand.

Loans to related parties

2024

Other related parties
£

Total
£

At start of period

500,000

500,000

Repaid

(7,500)

(7,500)

Interest transactions

7,500

7,500

At end of period

500,000

500,000

2023

Other related parties
£

Total
£

At start of period

500,000

500,000

Repaid

(7,500)

(7,500)

Interest transactions

7,500

7,500

At end of period

500,000

500,000

Terms of loans to related parties

The company made a loan of £500,000 to Butcher Houses Limited, a company under common control. Interest is charged on the loan at 1.5% per annum and repayment date is unspecified.