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REGISTERED NUMBER: 01034962 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2024

for

BRAUNCEWELL QUARRIES LIMITED

BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962)

Contents of the Financial Statements
for the year ended 31 December 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BRAUNCEWELL QUARRIES LIMITED

Company Information
for the year ended 31 December 2024







Directors: Mr J N Dickinson
Mrs S Dickinson
Mr T J Dickinson
Mr S E Dickinson





Secretary: Mrs S Dickinson





Registered office: Brauncewell Quarries Ltd
Brauncewell
Sleaford
Lincolnshire
NG34 8RL





Registered number: 01034962 (England and Wales)





Accountants: Haines Watts
Chartered Accountants
23 Algitha Road
Skegness
United Kingdom
PE25 2AG

BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962)

Statement of Financial Position
31 December 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 100 100
Tangible assets 5 3,450,781 3,378,680
Investments 6 1,677,517 1,894,832
5,128,398 5,273,612

Current assets
Debtors 7 595,740 455,255
Cash at bank 235,128 195,278
830,868 650,533
Creditors
Amounts falling due within one year 8 327,533 281,345
Net current assets 503,335 369,188
Total assets less current liabilities 5,631,733 5,642,800

Provisions for liabilities 631,578 617,885
Net assets 5,000,155 5,024,915

Capital and reserves
Called up share capital 9 330 330
Fair value reserve 10 96,118 96,118
Retained earnings 10 4,903,707 4,928,467
Shareholders' funds 5,000,155 5,024,915

BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962)

Statement of Financial Position - continued
31 December 2024


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

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

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 7 April 2025 and were signed on its behalf by:





Mr J N Dickinson - Director


BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962)

Notes to the Financial Statements
for the year ended 31 December 2024


1. Statutory information

Brauncewell Quarries 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Accounting policies

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Mining rights are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Buildings - 10% on cost and 2% on cost
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance and Straight line over 3 years

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Deferred tax has been recognised on the potential sale of listed investments at their given market value at the balance sheet date. The company did not have a contract to dispose of these by the year end.

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 the profit and loss account in the period to which they relate.
In addition the company has introduced a compliant autoenrolment scheme open to all eligible employees.

BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


2. Accounting policies - continued

Fixed asset investments
The listed investments are measured at fair value. The fair value is the current market value.

3. Employees and directors

The average number of employees during the year was 16 (2023 - 10 ) .

4. Intangible fixed assets
Mining
rights
£
Cost
At 1 January 2024
and 31 December 2024 95,750
Amortisation
At 1 January 2024
and 31 December 2024 95,650
Net book value
At 31 December 2024 100
At 31 December 2023 100

5. Tangible fixed assets
Freehold Plant and
property Buildings machinery
£ £ £
Cost
At 1 January 2024 256,898 112,156 5,014,375
Additions - - 523,578
Disposals - - -
At 31 December 2024 256,898 112,156 5,537,953
Depreciation
At 1 January 2024 - 64,137 2,010,437
Charge for year - 1,915 472,076
Eliminated on disposal - - -
At 31 December 2024 - 66,052 2,482,513
Net book value
At 31 December 2024 256,898 46,104 3,055,440
At 31 December 2023 256,898 48,019 3,003,938

BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


5. Tangible fixed assets - continued

Motor Office
vehicles equipment Totals
£ £ £
Cost
At 1 January 2024 171,187 90,523 5,645,139
Additions 52,604 - 576,182
Disposals (30,500 ) - (30,500 )
At 31 December 2024 193,291 90,523 6,190,821
Depreciation
At 1 January 2024 116,154 75,731 2,266,459
Charge for year 21,549 2,217 497,757
Eliminated on disposal (24,176 ) - (24,176 )
At 31 December 2024 113,527 77,948 2,740,040
Net book value
At 31 December 2024 79,764 12,575 3,450,781
At 31 December 2023 55,033 14,792 3,378,680

6. Fixed asset investments
Listed
investments
£
Cost or valuation
At 1 January 2024 1,894,832
Additions 95,623
Disposals (363,061 )
Revaluations 50,123
At 31 December 2024 1,677,517
Net book value
At 31 December 2024 1,677,517
At 31 December 2023 1,894,832

The listed investments are valued at fair value. The fair value is the market value at the year end date.

7. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 427,869 278,088
Bad debt provision (1,822 ) -
Loans to employee's 111,200 120,800
Other debtors 45,500 45,500
Prepayments 12,993 10,867
595,740 455,255

BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


8. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts - 2,179
Trade creditors 238,402 210,498
Aggregate tax 33,504 26,498
Social security and other taxes 17,659 13,568
VAT liability 26,268 16,430
Other creditors 10,224 10,696
Directors' current accounts 1,476 1,476
327,533 281,345

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
110 Ordinary £1 110 110
110 A Ordinary £1 110 110
110 B Ordinary £1 110 110
330 330

10. Reserves
Retained Fair value
earnings reserve Totals
£ £ £

At 1 January 2024 4,928,467 96,118 5,024,585
Profit for the year 55,240 55,240
Dividends (80,000 ) (80,000 )
At 31 December 2024 4,903,707 96,118 4,999,825

Retained Earnings includes a Fair Value Reserve on the market value of fixed asset investments amounting to £184,993. (2023 £144,393).

11. Related party disclosures

Mr J N Dickinson and Mrs S Dickinson

Directors


2024 2023
£ £
Amount due to related party at the balance sheet date 1,476 1,476

Mr J N Dickinson
Director


During the year the company paid a dividend of £Nil (2023 £Nil) to the director

BRAUNCEWELL QUARRIES LIMITED (REGISTERED NUMBER: 01034962)

Notes to the Financial Statements - continued
for the year ended 31 December 2024


11. Related party disclosures - continued

Mrs S Dickinson
Director


During the year the company paid a dividend of £Nil (2023 Nil) to the director

Mr T J Dickinson
Director


During the year the company paid a dividend on the A shares of £40,000 (2023 £40,000) to the director

Mr S E Dickinson

Loan to the director
2024 2023

Balance at the start of the year 120,800 130,400
Amounts repaid (9,600 ) (9,600 )
Balance at the end of the year 111,200 120,800

Mr S.E.Dickinson repaid the loan in full on the 19 March 2025.


During the year the company paid a dividend on the B shares of £40,000 (2023 £40,000) to the director

2024 2023
£ £
Amount due from related party at the balance sheet date 111,200 120,800