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REGISTERED NUMBER: 00467958 (England and Wales)















Unaudited Financial Statements For The Year Ended 31st July 2024

for

E W Ballard Limited

E W Ballard Limited (Registered number: 00467958)

Contents of the Financial Statements
For The Year Ended 31st July 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


E W Ballard Limited

Company Information
For The Year Ended 31st July 2024







DIRECTORS: Mr R Ballard
Mr M Ballard
Mrs E Ballard
Mrs A F Ballard
Mr J R Ballard





SECRETARY: Mrs A F Ballard





REGISTERED OFFICE: 1-3 Manor Road
Chatham
Kent
ME4 6AE





REGISTERED NUMBER: 00467958 (England and Wales)





ACCOUNTANTS: Beak Kemmenoe
Chartered Accountants
1-3 Manor Road
Chatham
Kent
ME4 6AE

E W Ballard Limited (Registered number: 00467958)

Balance Sheet
31st July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 75,315 388
Investments 6 120 120
Investment property 7 19,553,125 19,802,238
19,628,560 19,802,746

CURRENT ASSETS
Debtors 8 13,821 17,674
Cash at bank 304,606 386,283
318,427 403,957
CREDITORS
Amounts falling due within one year 9 209,014 186,930
NET CURRENT ASSETS 109,413 217,027
TOTAL ASSETS LESS CURRENT
LIABILITIES

19,737,973

20,019,773

CREDITORS
Amounts falling due after more than one
year

10

(73,251

)

-

PROVISIONS FOR LIABILITIES (2,309,616 ) (2,472,956 )
NET ASSETS 17,355,106 17,546,817

CAPITAL AND RESERVES
Called up share capital 190,000 190,000
Fair value reserve 12 8,738,175 9,271,155
Retained earnings 8,426,931 8,085,662
SHAREHOLDERS' FUNDS 17,355,106 17,546,817

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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.

E W Ballard Limited (Registered number: 00467958)

Balance Sheet - continued
31st July 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28th March 2025 and were signed on its behalf by:




Mrs A F Ballard - Director



Mr M Ballard - Director


E W Ballard Limited (Registered number: 00467958)

Notes to the Financial Statements
For The Year Ended 31st July 2024


1. STATUTORY INFORMATION

E W Ballard Limited 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.

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 as modified by the revaluation of certain assets.

Changes in accounting policies
Following the introduction of FRS 102 the gains or losses in the value of investment properties are recognised in the Profit and Loss Account annually. Accumulated gains or losses as held in the Fair Value Reserve Account. Deferred taxation is provided on fair value adjustments.

Turnover
Turnover represents income due from letting investment properties, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 20% on reducing balance
Office equipment - 20% on reducing balance

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 3 (2023 - 3 ) .

E W Ballard Limited (Registered number: 00467958)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2024


5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st August 2023 15,489
Additions 93,756
At 31st July 2024 109,245
DEPRECIATION
At 1st August 2023 15,101
Charge for year 18,829
At 31st July 2024 33,930
NET BOOK VALUE
At 31st July 2024 75,315
At 31st July 2023 388

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 93,756
At 31st July 2024 93,756
DEPRECIATION
Charge for year 18,751
At 31st July 2024 18,751
NET BOOK VALUE
At 31st July 2024 75,005

E W Ballard Limited (Registered number: 00467958)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2024


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st August 2023
and 31st July 2024 120
NET BOOK VALUE
At 31st July 2024 120
At 31st July 2023 120

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2023 19,802,238
Additions 478,020
Disposals (38,813 )
Revaluations (688,320 )
At 31st July 2024 19,553,125
NET BOOK VALUE
At 31st July 2024 19,553,125
At 31st July 2023 19,802,238

Fair value at 31st July 2024 is represented by:
£   
Valuation in 2006 3,352,885
Valuation in 2007 185,669
Valuation in 2009 (2,123,340 )
Valuation in 2015 6,601,682
Valuation in 2016 944,875
Valuation in 2017 585,962
Valuation in 2021 (311,142 )
Valuation in 2022 2,128,415
Valuation in 2023 371,105
Valuation in 2024 (688,320 )
Cost 8,505,334
19,553,125

E W Ballard Limited (Registered number: 00467958)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2024


7. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 8,505,334 8,066,127

Investment Properties were valued on an open market basis on 31st July 2024 by Mr R Ballard a director of the company .

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors and prepayments 13,821 17,674

9. CREDITORS LESS THAN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,561 -
Amounts owed to group undertakings 450 450
Tax 99,996 76,976
Social security and other taxes 944 944
Other creditors and accruals 103,063 108,560
209,014 186,930

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 73,251 -

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 77,812 -

Hire purchase contracts are secured on the assets concerned.

E W Ballard Limited (Registered number: 00467958)

Notes to the Financial Statements - continued
For The Year Ended 31st July 2024


12. RESERVES
Fair
value
reserve
£   
At 1st August 2023 9,271,155
Valuation (532,980 )

At 31st July 2024 8,738,175

13. RELATED PARTY DISCLOSURES

The company is related to its subsidiary company Cuxton Road Management Company Limited and its parent company, E W Ballard (1993) Limited.

The amount due to E W Ballard (1993) Limited was £450 (2023: £450).