Caseware UK (AP4) 2024.0.164 2024.0.164 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2024-01-01falseoperation of a caravan site44truetruefalse 05247700 2024-01-01 2024-12-31 05247700 2023-01-01 2023-12-31 05247700 2024-12-31 05247700 2023-12-31 05247700 c:CompanySecretary1 2024-01-01 2024-12-31 05247700 c:Director3 2024-01-01 2024-12-31 05247700 c:Director4 2024-01-01 2024-12-31 05247700 c:RegisteredOffice 2024-01-01 2024-12-31 05247700 d:Buildings d:ShortLeaseholdAssets 2024-01-01 2024-12-31 05247700 d:Buildings d:ShortLeaseholdAssets 2024-12-31 05247700 d:Buildings d:ShortLeaseholdAssets 2023-12-31 05247700 d:PlantMachinery 2024-01-01 2024-12-31 05247700 d:PlantMachinery 2024-12-31 05247700 d:PlantMachinery 2023-12-31 05247700 d:PlantMachinery d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05247700 d:FurnitureFittings 2024-01-01 2024-12-31 05247700 d:OfficeEquipment 2024-01-01 2024-12-31 05247700 d:OfficeEquipment 2024-12-31 05247700 d:OfficeEquipment 2023-12-31 05247700 d:OfficeEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05247700 d:OtherPropertyPlantEquipment 2024-01-01 2024-12-31 05247700 d:OtherPropertyPlantEquipment 2024-12-31 05247700 d:OtherPropertyPlantEquipment 2023-12-31 05247700 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05247700 d:OwnedOrFreeholdAssets 2024-01-01 2024-12-31 05247700 d:FreeholdInvestmentProperty 2024-01-01 2024-12-31 05247700 d:FreeholdInvestmentProperty 2024-12-31 05247700 d:FreeholdInvestmentProperty 2023-12-31 05247700 d:FreeholdInvestmentProperty 2 2024-01-01 2024-12-31 05247700 d:CurrentFinancialInstruments 2024-12-31 05247700 d:CurrentFinancialInstruments 2023-12-31 05247700 d:CurrentFinancialInstruments d:WithinOneYear 2024-12-31 05247700 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 05247700 d:ShareCapital 2024-12-31 05247700 d:ShareCapital 2023-12-31 05247700 d:OtherMiscellaneousReserve 2024-01-01 2024-12-31 05247700 d:OtherMiscellaneousReserve 2024-12-31 05247700 d:OtherMiscellaneousReserve 2023-12-31 05247700 d:RetainedEarningsAccumulatedLosses 2024-12-31 05247700 d:RetainedEarningsAccumulatedLosses 2023-12-31 05247700 c:OrdinaryShareClass1 2024-01-01 2024-12-31 05247700 c:OrdinaryShareClass1 2024-12-31 05247700 c:OrdinaryShareClass2 2024-01-01 2024-12-31 05247700 c:OrdinaryShareClass2 2024-12-31 05247700 c:OrdinaryShareClass3 2024-01-01 2024-12-31 05247700 c:OrdinaryShareClass3 2024-12-31 05247700 c:OrdinaryShareClass4 2024-01-01 2024-12-31 05247700 c:OrdinaryShareClass4 2024-12-31 05247700 c:OrdinaryShareClass5 2024-01-01 2024-12-31 05247700 c:OrdinaryShareClass5 2024-12-31 05247700 c:FRS102 2024-01-01 2024-12-31 05247700 c:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05247700 c:FullAccounts 2024-01-01 2024-12-31 05247700 c:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05247700 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-01-01 2024-12-31 05247700 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2024-12-31 05247700 d:KeyManagementPersonnelCloseFamilyMembersEntitiesUnderKeyManagementPersonnelsControl 2023-12-31 05247700 d:AcceleratedTaxDepreciationDeferredTax 2024-12-31 05247700 d:OtherDeferredTax 2024-12-31 05247700 f:PoundSterling 2024-01-01 2024-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 05247700









W R BABBAGE & CO LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 31 December 2024

 
W R BABBAGE & CO LIMITED
 
 
COMPANY INFORMATION


Directors
Mr N Babbage 
Mrs C Babbage 




Company secretary
Mrs C Babbage



Registered number
05247700



Registered office
7 The Close

Norwich

Norfolk

NR1 4DJ




Accountants
MA Partners LLP
Chartered Accountants

7 The Close

Norwich

Norfolk

NR1 4DJ





 
W R BABBAGE & CO LIMITED
 

CONTENTS



Page
Accountants' Report
 
 
1
Balance Sheet
 
 
2 - 3
Notes to the Financial Statements
 
 
4 - 9


 
W R BABBAGE & CO LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF W R BABBAGE & CO LIMITED
FOR THE YEAR ENDED 31 DECEMBER 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of W R Babbage & Co Limited for the year ended 31 December 2024 which comprise  the Balance Sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of W R Babbage & Co Limited, as a body, in accordance with the terms of our engagement letter dated 07 January 2020Our work has been undertaken solely to prepare for your approval the financial statements of W R Babbage & Co Limited and state those matters that we have agreed to state to the Board of Directors of W R Babbage & Co Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than W R Babbage & Co Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that W R Babbage & Co Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of W R Babbage & Co Limited. You consider that W R Babbage & Co Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of W R Babbage & Co Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



MA Partners LLP
 
Chartered Accountants
  
7 The Close
Norwich
Norfolk
NR1 4DJ
8 April 2025
Page 1

 
W R BABBAGE & CO LIMITED
Registered number: 05247700

BALANCE SHEET
As at 31 December 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
36,556
39,546

Investment property
 5 
700,000
450,000

  
736,556
489,546

Current assets
  

Stocks
  
23,491
-

Debtors
 6 
744,464
721,875

Cash at bank and in hand
  
662,431
621,973

  
1,430,386
1,343,848

Creditors: amounts falling due within one year
 7 
(493,202)
(363,802)

Net current assets
  
 
 
937,184
 
 
980,046

Total assets less current liabilities
  
1,673,740
1,469,592

Provisions for liabilities
  

Deferred tax
 8 
(3,284)
(3,437)

  
 
 
(3,284)
 
 
(3,437)

Net assets
  
1,670,456
1,466,155


Capital and reserves
  

Called up share capital 
 9 
10,000
10,000

Other reserves
 10 
54,200
(3,347)

Profit and loss account
 10 
1,606,256
1,459,502

  
1,670,456
1,466,155


Page 2

 
W R BABBAGE & CO LIMITED
Registered number: 05247700
    
BALANCE SHEET (CONTINUED)
As at 31 December 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 statement of comprehensive income 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 on 8 April 2025.




................................................
Mr N Babbage
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
W R BABBAGE & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2024

1.


General information

The Company is a private company incorporated in the United Kingdom and limited by shares. It is registered in England and Wales.  The address of its registered office is 7 The Close, Norwich, Norfolk, NR1 4DJ. The principal place of business is Cromer, Norfolk.
The company's principle activity is that of the operation of a caravan site.

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

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Sale of goods

Turnover 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 turnover 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

Turnover 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 turnover 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 4

 
W R BABBAGE & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.3

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.4

Current and deferred taxation

The tax expenses for the year comprises current and deferred tax.
Deferred tax balances are recognised in respect of timing differences that have originated but not reversed by the balance sheet date. 
Current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date. 

 
2.5

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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on a mixture of straight line and reducing balance basis.

Depreciation is provided on the following basis:

Short term leasehold property
-
4% straight line
Furniture, fittings and equipment
-
15% reducing balance
Office equipment
-
25% reducing balance
Motor vehicles
-
25% reducing balance

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors 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 the Statement of Income and Retained Earnings. 

Page 5

 
W R BABBAGE & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2024

2.Accounting policies (continued)

 
2.7

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 first in, first outbasis. 
At each balance sheet 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.

 
2.8

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.

 
2.9

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.

 
2.10

Financial instruments


The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. 
Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. 


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2023 - 4).

Page 6

 
W R BABBAGE & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2024

4.


Tangible fixed assets





Short term leasehold property
Furniture, fittings and equipment
Office equipment
Motor vehicles
Total

£
£
£
£
£



Cost or valuation


At 1 January 2024
34,678
54,604
5,912
14,788
109,982


Additions
-
3,550
-
-
3,550


Disposals
-
(714)
-
-
(714)



At 31 December 2024

34,678
57,440
5,912
14,788
112,818



Depreciation


At 1 January 2024
20,424
34,397
5,507
10,109
70,437


Charge for the year on owned assets
1,387
3,508
101
1,170
6,166


Disposals
-
(341)
-
-
(341)



At 31 December 2024

21,811
37,564
5,608
11,279
76,262



Net book value



At 31 December 2024
12,867
19,876
304
3,509
36,556



At 31 December 2023
14,254
20,207
406
4,679
39,546


5.


Investment property


Freehold investment property

£



Valuation


At 1 January 2024
450,000


Additions at cost
192,379


Surplus on revaluation
57,621



At 31 December 2024
700,000

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




Page 7

 
W R BABBAGE & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2024

6.


Debtors


2024
2023
£
£



Other debtors
737,957
715,522

Prepayments and accrued income
6,507
6,353

744,464
721,875



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other taxation and social security
109,884
93,352

Other creditors
44,990
38,793

Accruals and deferred income
338,328
231,657

493,202
363,802



8.


Deferred taxation



2024


£






At beginning of year
(3,437)


Charged to profit or loss
153



At end of year
(3,284)

The provision for deferred taxation is made up as follows:

2024
£


Accelerated capital allowances
(3,210)

Revaluation of investment properties
(74)

(3,284)

Page 8

 
W R BABBAGE & CO LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 31 December 2024

9.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



1,250 Ordinary A shares of £1.00 each
1,250
1,250
350 Ordinary B shares of £1.00 each
350
350
3,500 Ordinary C shares of £1.00 each
3,500
3,500
2,000 Ordinary D shares of £1.00 each
2,000
2,000
2,000 Ordinary E shares of £1.00 each
2,000
2,000
900 Ordinary F shares of £1.00 each
900
900

10,000

10,000



10.


Reserves

Other reserves

The fair value reserve is the accumulation of revaluations on investment properties, which are revalued annually to give a true and fair view. The debit and credit amounts are transfers from the profit and loss account. 


11.


Related party transactions

As at 31 December 2024, the company owed the directors £44,817 (2023: £38,736) as included within other creditors note 7. The loan is interest free and is repayable on demand.
 

 
Page 9