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Registered number: 08410205










BIRCHWOOD REAL ESTATE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

 
BIRCHWOOD REAL ESTATE LIMITED
REGISTERED NUMBER: 08410205

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
8,569
10,679

Investments
 5 
70,655
70,655

Investment property
 6 
1,830,080
1,750,000

  
1,909,304
1,831,334

Current assets
  

Stocks
  
6,250
53,324

Debtors: amounts falling due within one year
 7 
86,400
16,228

Cash at bank and in hand
  
18,089
55,604

  
110,739
125,156

Creditors: amounts falling due within one year
 8 
(1,164,783)
(1,175,656)

Net current liabilities
  
 
 
(1,054,044)
 
 
(1,050,500)

Total assets less current liabilities
  
855,260
780,834

Creditors: amounts falling due after more than one year
 9 
(388,767)
(404,276)

Provisions for liabilities
  

Deferred tax
 11 
(77,308)
(46,531)

  
 
 
(77,308)
 
 
(46,531)

Net assets
  
389,185
330,027


Capital and reserves
  

Called up share capital 
  
2
2

Fair value reserves
  
164,166
164,166

Profit and loss account
  
225,017
165,859

  
389,185
330,027


Page 1

 
BIRCHWOOD REAL ESTATE LIMITED
REGISTERED NUMBER: 08410205
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2024

The director considers 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 director acknowledges his 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 income statement 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 by: 




................................................
J R Emans
Director

Date: 22 May 2025

The notes on pages 3 to 11 form part of these financial statements.

Page 2

 
BIRCHWOOD REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

1.


General information

Birchwood Real Estate Limited is a private company limited by shares and is regulated and incorporated in England and Wales. The registered office is Birchwood Farm, Cock Clarks, Chelmsford, Essex, CM3 6RF.

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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

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:
Rendering of services
Turnover represents rental income from investment properties, consultancy, recharges to tenants and income from farming and related activites, accounted for on an accrual basis.
Rental income represents the total invoice value, excluding value added tax, of rents receivable during the year.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
BIRCHWOOD REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

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

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

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, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Computer equipment
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
BIRCHWOOD REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

 
2.7

Investment property

Investment property is carried at fair value determined annually by the director 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 profit or loss.

 
2.8

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 out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting 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.

 
2.9

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.

 
2.10

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.

 
2.11

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of financial position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Page 5

 
BIRCHWOOD REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)


2.11
Financial instruments (continued)

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees




The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 January 2024
12,500
215
12,715


Additions
500
-
500



At 31 December 2024

13,000
215
13,215



Depreciation


At 1 January 2024
1,875
161
2,036


Charge for the year on owned assets
2,567
43
2,610



At 31 December 2024

4,442
204
4,646



Net book value



At 31 December 2024
8,558
11
8,569



At 31 December 2023
10,625
54
10,679

Page 6

 
BIRCHWOOD REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

5.


Fixed asset investments





Other investments other than loans

£





At 1 January 2024
70,655




Page 7

 
BIRCHWOOD REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

6.


Investment property


Investment property

£



Valuation


At 1 January 2024
1,750,000


Additions at cost
80,080



At 31 December 2024
1,830,080

Investment property comprise freehold land and buildings. The fair value of the investment property has been arrived at on the basis of a valuation on an open market value basis. The director is of the opinion that the fair value of the investment property at 31 December 2024 is £1,830,080.



At 31 December 2024



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
£


Historic cost
1,611,191

1,611,191

Page 8

 
BIRCHWOOD REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

7.


Debtors

2024
2023
£
£


Trade debtors
54,768
2,179

Other debtors
31,632
14,049

86,400
16,228



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
7,708
-

Trade creditors
14,597
9,463

Other taxation and social security
-
524

Other creditors
1,142,478
1,165,669

1,164,783
1,175,656


The bank loan is secured by way of a legal charge dated 31 July 2020 in favour of The Agricultural Mortgage Corporation PLC over Brook Hall Farm, Chelmsford.


9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
388,767
404,276

388,767
404,276


The bank loan is secured by way of a legal charge dated 31 July 2020 in favour of The Agricultural Mortgage Corporation PLC over Brook Hall Farm, Chelmsford.

Page 9

 
BIRCHWOOD REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
7,708
-


7,708
-

Amounts falling due 1-2 years

Bank loans
8,306
-


8,306
-

Amounts falling due 2-5 years

Bank loans
28,992
-


28,992
-

Amounts falling due after more than 5 years

Bank loans
351,469
404,276

351,469
404,276

396,475
404,276


Page 10

 
BIRCHWOOD REAL ESTATE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024

11.


Deferred taxation




2024


£






At beginning of year
46,531


Charged to profit or loss
30,777



At end of year
77,308

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
44,696
36,685

Tax losses carried forward
(22,110)
(44,876)

Investment property
54,722
54,722

77,308
46,531


12.


Post balance sheet events

On 21 March 2025 a dividend of £250 per share was declared.


13.


Directors' transactions

During the year, the director introduced £23,885 (2023: £588,365), withdrew £47,786 (2023: £26,000). A dividend of £1,000 was also declared. At the year end there was a balance of £1,055,440 (2023: £1,078,341) due to the director. This balance is unsecured, interest free and repayable on demand.

 
Page 11