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REGISTERED NUMBER: 01087502 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Bullinghope Limited

Bullinghope Limited (Registered number: 01087502)

Contents of the Financial Statements

for the Year Ended 30 September 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 4 |

Bullinghope Limited

Company Information

for the Year Ended 30 September 2024

| DIRECTORS: | Mrs N Bellingham

| C J Bellingham

| N P Bellingham

| Mrs S A Bellingham

| SECRETARY: | Mrs S A Bellingham

| REGISTERED OFFICE: | Briary House

| Ilets Farm

| Radstone Road

| Brackley

| Northamptonshire

| NN13 5GJ

| REGISTERED NUMBER: | 01087502 (England and Wales)

| ACCOUNTANTS: | Gopsall Services Limited

| 4 HRFC Business Centre

| Leicester Road

| Hinckley

| Leicestershire

| LE10 3DR

Bullinghope Limited (Registered number: 01087502)

Balance Sheet

30 September 2024

| 30.9.24 | 30.9.23 |

| Notes | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 574,290 |  | 492,828 |  |

Investments | 5 | 19,348 |  | - |  |

Herd basis | 6 | 101,910 |  | 133,530 |  |

695,548 |  | 626,358 |  |

CURRENT ASSETS

Stocks | 329,700 |  | 482,590 |  |

Debtors | 7 | 69,155 |  | 81,179 |  |

Cash at bank | - |  | 2,569 |  |

398,855 |  | 566,338 |  |

CREDITORS

Amounts falling due within one year | 8 | 973,676 |  | 926,554 |  |

NET CURRENT LIABILITIES | (574,821 | ) | (360,216 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | 120,727 |  | 266,142 |  |

CREDITORS

Amounts falling due after more than one year | 9 | (193,316 | ) | (191,351 | ) |

PROVISIONS FOR LIABILITIES | 11 | (3,842 | ) | - |  |

NET (LIABILITIES)/ASSETS | (76,431 | ) | 74,791 |  |

CAPITAL AND RESERVES

Called up share capital | 90 |  | 90 |  |

Retained earnings | (76,521 | ) | 74,701 |  |

(76,431 | ) | 74,791 |  |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Bullinghope Limited (Registered number: 01087502)

Balance Sheet - continued

30 September 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 23 May 2025 and were signed on its behalf by:

Mrs N Bellingham - Director

Bullinghope Limited (Registered number: 01087502)

Notes to the Financial Statements

for the Year Ended 30 September 2024

1. | STATUTORY INFORMATION

| Bullinghope 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 is sterling (£) and is rounded to the nearest pound.

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.

| Going concern

| The directors assess whether the use of going concern is appropriate, i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the company to continue as a going concern. The directors make this assessment in respect of a period of at least one year from the date of the approval of the financial statements.The directors have concluded that there are no material uncertainties about the company's ability to continue as a going concern and they are satisfied that the company has adequate resources to continue to meet its liabilities as they fall due and, therefore, that it remains appropriate to continue to adopt going concern basis of accounting in the preparation of the financial statements.

| Turnover

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

| Tangible fixed assets

| Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

| Leasehold farm buildings and improvements | - | 10% on reducing balance

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 25% on reducing balance

| Motor vehicles | - | 25% on reducing balance

| Stocks

| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

| 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.

| Fixed asset investments

| Fixed asset investments are measured at fair value on the balance sheet date, with movements in valuation included in the profit and loss.The fair value is determined by the market value of the investments.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 4 (2023 - 4 ) .

Bullinghope Limited (Registered number: 01087502)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

4. | TANGIBLE FIXED ASSETS

| Leasehold |

| farm |

| buildings |  | Fixtures |

| and |  | Plant and |  | and |  | Motor |

| improvements |  | machinery |  | fittings |  | vehicles |  | Totals

£ | £ | £ | £ | £ |

| COST

| At 1 October 2023 | 249,143 |  | 1,241,622 |  | 4,328 |  | 74,502 |  | 1,569,595 |  |

| Additions | 57,010 |  | 155,100 |  | - |  | - |  | 212,110 |  |

| Disposals | - |  | (57,950 | ) | - |  | - |  | (57,950 | ) |

| At 30 September 2024 | 306,153 |  | 1,338,772 |  | 4,328 |  | 74,502 |  | 1,723,755 |  |

| DEPRECIATION

| At 1 October 2023 | 192,931 |  | 846,307 |  | 1,300 |  | 36,229 |  | 1,076,767 |  |

| Charge for year | 5,621 |  | 108,928 |  | 756 |  | 9,568 |  | 124,873 |  |

| Eliminated on disposal | - |  | (52,175 | ) | - |  | - |  | (52,175 | ) |

| At 30 September 2024 | 198,552 |  | 903,060 |  | 2,056 |  | 45,797 |  | 1,149,465 |  |

| NET BOOK VALUE

| At 30 September 2024 | 107,601 |  | 435,712 |  | 2,272 |  | 28,705 |  | 574,290 |  |

| At 30 September 2023 | 56,212 |  | 395,315 |  | 3,028 |  | 38,273 |  | 492,828 |  |

5. | FIXED ASSET INVESTMENTS

| Other

| investments

£ |

| COST

| Additions | 19,348 |  |

| At 30 September 2024 | 19,348 |  |

| NET BOOK VALUE

| At 30 September 2024 | 19,348 |  |

6. | HERD BASIS

| Herd

| basis

£ |

| COST

| At 1 October 2023 | 133,530 |  |

| Additions | 33,654 |  |

| Disposals | (65,274 | ) |

| At 30 September 2024 | 101,910 |  |

| NET BOOK VALUE

| At 30 September 2024 | 101,910 |  |

| At 30 September 2023 | 133,530 |  |

Bullinghope Limited (Registered number: 01087502)

Notes to the Financial Statements - continued

for the Year Ended 30 September 2024

7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Trade debtors | 61,844 |  | 51,731 |  |

| VAT | 7,311 |  | 29,448 |  |

69,155 |  | 81,179 |  |

8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Bank loans and overdrafts | 275,776 |  | 35,890 |  |

| Hire purchase contracts | 41,800 |  | 54,856 |  |

| Trade creditors | 51,058 |  | 54,018 |  |

| Social security and other taxes | 2,009 |  | 3,040 |  |

| Other creditors | 37,048 |  | 34,670 |  |

| Net wages | 940 |  | - |  |

| Directors' current accounts | 430,323 |  | 517,500 |  |

| Accruals and deferred income | 134,722 |  | 226,580 |  |

973,676 |  | 926,554 |  |

9. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 30.9.24 |  | 30.9.23

£ | £ |

| Bank loans - 2-5 years | 110,416 |  | 149,776 |  |

| Hire purchase contracts | 82,900 |  | 41,575 |  |

193,316 |  | 191,351 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 30.9.24 |  | 30.9.23

£ | £ |

| Bank overdraft | 237,776 |  | - |  |

| Bank loans | 148,416 |  | 185,666 |  |

| Hire purchase contracts | 124,700 |  | 96,431 |  |

510,892 |  | 282,097 |  |

| Lloyds TSB Bank PLC holds a fixed and floating charge over the undertaking and all property and assets of the company. Further details can be found on companies house.

| Hire purchase liabilities are secured against the assets to which they relate.

11. | PROVISIONS FOR LIABILITIES

| 30.9.24 |  | 30.9.23

£ | £ |

| Deferred tax | 3,842 |  | - |  |

| Deferred |

| tax |

£ |

| Accelerated capital allowances | 3,842 |  |

| Balance at 30 September 2024 | 3,842 |  |