REGISTERED NUMBER: 01087502 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 September 2024

for

Bullinghope Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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 ) .

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

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