REGISTERED NUMBER: |
Unaudited Financial Statements For The Year Ended 31st July 2024 |
for |
E W Ballard Limited |
REGISTERED NUMBER: |
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: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 6 |
Investment property | 7 |
CURRENT ASSETS |
Debtors | 8 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
10 |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 12 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 were approved by the Board of Directors and authorised for issue on |
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 |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Motor vehicles | - |
Office equipment | - |
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 |
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 |
Additions |
At 31st July 2024 |
DEPRECIATION |
At 1st August 2023 |
Charge for year |
At 31st July 2024 |
NET BOOK VALUE |
At 31st July 2024 |
At 31st July 2023 |
Fixed assets, included in the above, which are held under hire purchase contracts are as follows: |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 31st July 2024 |
DEPRECIATION |
Charge for year |
At 31st July 2024 |
NET BOOK VALUE |
At 31st July 2024 |
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 |
NET BOOK VALUE |
At 31st July 2024 |
At 31st July 2023 |
7. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st August 2023 |
Additions |
Disposals | ( |
) |
Revaluations | (688,320 | ) |
At 31st July 2024 |
NET BOOK VALUE |
At 31st July 2024 |
At 31st July 2023 |
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 |
9. | CREDITORS LESS THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase contracts |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
Other creditors and accruals |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Hire purchase contracts |
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 |
Valuation | (532,980 | ) |
At 31st July 2024 |
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). |