Ballard Fort Limited 03258552 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is that of building development and investment property rental. Digita Accounts Production Advanced 6.30.9574.0 true 03258552 2023-09-01 2024-08-31 03258552 2024-08-31 03258552 bus:OrdinaryShareClass1 2024-08-31 03258552 core:CurrentFinancialInstruments 2024-08-31 03258552 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 03258552 core:LandBuildings 2024-08-31 03258552 bus:SmallEntities 2023-09-01 2024-08-31 03258552 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 03258552 bus:FilletedAccounts 2023-09-01 2024-08-31 03258552 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 03258552 bus:RegisteredOffice 2023-09-01 2024-08-31 03258552 bus:Director2 2023-09-01 2024-08-31 03258552 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 03258552 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 03258552 core:InvestmentPropertyIncludedWithinPPE 2023-09-01 2024-08-31 03258552 countries:England 2023-09-01 2024-08-31 03258552 2023-08-31 03258552 core:LandBuildings 2023-08-31 03258552 2022-09-01 2023-08-31 03258552 2023-08-31 03258552 bus:OrdinaryShareClass1 2023-08-31 03258552 core:CurrentFinancialInstruments 2023-08-31 03258552 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 03258552 core:LandBuildings 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03258552

Ballard Fort Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Ballard Fort Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Ballard Fort Limited

Company Information

Director

Mr B Yeardley

Registered office

35 Thorne Road
Doncaster
South Yorkshire
DN1 2HD

 

Ballard Fort Limited

(Registration number: 03258552)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

500,000

500,000

Current assets

 

Debtors

5

1,851

1,577

Cash at bank and in hand

 

100

11,060

 

1,951

12,637

Creditors: Amounts falling due within one year

6

(128,087)

(149,477)

Net current liabilities

 

(126,136)

(136,840)

Net assets

 

373,864

363,160

Capital and reserves

 

Called up share capital

7

3

3

Revaluation reserve

307,351

307,351

Retained earnings

66,510

55,806

Shareholders' funds

 

373,864

363,160

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 August 2025
 

.........................................
Mr B Yeardley
Director

 

Ballard Fort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
35 Thorne Road
Doncaster
South Yorkshire
DN1 2HD

These financial statements were authorised for issue by the director on 7 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Investment properties

No depreciation

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Ballard Fort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Ballard Fort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 September 2023

500,000

500,000

At 31 August 2024

500,000

500,000

Depreciation

Carrying amount

At 31 August 2024

500,000

500,000

At 31 August 2023

500,000

500,000

Included within the net book value of land and buildings above is £500,000 (2023 - £500,000) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Prepayments

1,851

1,577

 

1,851

1,577

 

Ballard Fort Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

368

-

Trade creditors

 

2,150

-

Accruals and deferred income

 

1,200

1,150

Other creditors

 

124,369

148,327

 

128,087

149,477

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

3

3

3

3

       

8

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank overdrafts

368

-