Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-302023-12-01false11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06831067 2023-12-01 2024-11-30 06831067 2022-12-01 2023-11-30 06831067 2024-11-30 06831067 2023-11-30 06831067 c:Director1 2023-12-01 2024-11-30 06831067 d:Buildings 2023-12-01 2024-11-30 06831067 d:Buildings 2024-11-30 06831067 d:Buildings 2023-11-30 06831067 d:Buildings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06831067 d:Buildings d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06831067 d:PlantMachinery 2023-12-01 2024-11-30 06831067 d:MotorVehicles 2023-12-01 2024-11-30 06831067 d:FurnitureFittings 2023-12-01 2024-11-30 06831067 d:OfficeEquipment 2023-12-01 2024-11-30 06831067 d:OtherPropertyPlantEquipment 2023-12-01 2024-11-30 06831067 d:OtherPropertyPlantEquipment 2024-11-30 06831067 d:OtherPropertyPlantEquipment 2023-11-30 06831067 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06831067 d:OtherPropertyPlantEquipment d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06831067 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06831067 d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06831067 d:CurrentFinancialInstruments 2024-11-30 06831067 d:CurrentFinancialInstruments 2023-11-30 06831067 d:Non-currentFinancialInstruments 2024-11-30 06831067 d:Non-currentFinancialInstruments 2023-11-30 06831067 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 06831067 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 06831067 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 06831067 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 06831067 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-11-30 06831067 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-11-30 06831067 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-11-30 06831067 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-11-30 06831067 d:ShareCapital 2024-11-30 06831067 d:ShareCapital 2023-11-30 06831067 d:RetainedEarningsAccumulatedLosses 2024-11-30 06831067 d:RetainedEarningsAccumulatedLosses 2023-11-30 06831067 c:OrdinaryShareClass1 2023-12-01 2024-11-30 06831067 c:OrdinaryShareClass1 2024-11-30 06831067 c:OrdinaryShareClass1 2023-11-30 06831067 c:FRS102 2023-12-01 2024-11-30 06831067 c:AuditExempt-NoAccountantsReport 2023-12-01 2024-11-30 06831067 c:FullAccounts 2023-12-01 2024-11-30 06831067 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 06831067 2 2023-12-01 2024-11-30 06831067 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-11-30 06831067 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-11-30 06831067 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-11-30 06831067 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-30 06831067 d:LeasedAssetsHeldAsLessee 2024-11-30 06831067 d:LeasedAssetsHeldAsLessee 2023-11-30 06831067 e:PoundSterling 2023-12-01 2024-11-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 06831067









BRANCHES PARK HATCHERIES LTD

UNAUDITED

FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
BRANCHES PARK HATCHERIES LTD
REGISTERED NUMBER: 06831067

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
280,229
300,082

Current assets
  

Stocks
  
6,477
7,175

Debtors: amounts falling due within one year
 5 
77,116
238,708

Cash at bank
  
118,807
114,229

Current liabilities
  
202,400
360,112

Creditors: amounts falling due within one year
 6 
(759,736)
(943,120)

Net current liabilities
  
 
 
(557,336)
 
 
(583,008)

Total assets less current liabilities
  
(277,107)
(282,926)

Creditors: amounts falling due after more than one year
 7 
(7,369)
(15,661)

Net liabilities
  
(284,476)
(298,587)


Capital and reserves
  

Called up share capital 
 9 
60
60

Profit and loss account
  
(284,536)
(298,647)

  
(284,476)
(298,587)


Page 1

 
BRANCHES PARK HATCHERIES LTD
REGISTERED NUMBER: 06831067

BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 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 statement of income and retained earnings 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: 






Mr P R C Bailey
Director

Date: 27 August 2025

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BRANCHES PARK HATCHERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Branches Park Hatcheries Ltd is a private Company limited by shares, incorporated in England and Wales within the United Kingdom. The address of the registered office is Tennyson House, Cambridge Business Park, Cambridge, CB4 0WZ. This Company is not part of a group. 

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 preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is only able to trade with the continuing support of the director. The director has indicated that this support will not be withdrawn. On this basis, the director considers it appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result from the withdrawal of this support.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Borrowing costs

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

Page 3

 
BRANCHES PARK HATCHERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
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, on a reducing balance basis.

Depreciation is provided on the following basis:

Freehold property
-
25%
reducing balance
Plant and machinery
-
25%
reducing balance
Motor vehicles
-
25%
reducing balance
Fixtures and fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance

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.

 
2.7

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 balance sheet 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.

 
2.8

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.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
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.

Page 4

 
BRANCHES PARK HATCHERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
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.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

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.

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.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

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

Page 5

 
BRANCHES PARK HATCHERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Tangible fixed assets





Land and buildings
Other fixed assets
Total

£
£
£



Cost


At 1 December 2023
125,935
1,111,737
1,237,672


Additions
2,782
107,429
110,211


Disposals
-
(80,325)
(80,325)



At 30 November 2024

128,717
1,138,841
1,267,558



Depreciation


At 1 December 2023
97,101
840,489
937,590


Charge for the year on owned assets
7,904
46,075
53,979


Charge for the year on financed assets
-
39,430
39,430


Disposals
-
(43,670)
(43,670)



At 30 November 2024

105,005
882,324
987,329



Net book value



At 30 November 2024
23,712
256,517
280,229



At 30 November 2023
28,834
271,248
300,082

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
104,227
53,877

Motor vehicles
14,063
18,750

118,290
72,627

Page 6

 
BRANCHES PARK HATCHERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
23,253
174,973

Other debtors
4,585
12,956

Prepayments
49,278
50,779

77,116
238,708



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
10,375
10,119

Other loans
390,955
474,539

Trade creditors
137,310
108,927

Obligations under finance lease and hire purchase contracts
16,917
19,392

Other creditors
199,600
324,260

Accruals
4,579
5,883

759,736
943,120


Page 7

 
BRANCHES PARK HATCHERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
5,286
15,661

Net obligations under finance leases and hire purchase contracts
2,083
-

7,369
15,661


The following liabilities were secured:

2024
2023
£
£



Due in < 1 year
16,917
19,392

Due in 1 - 2 years
2,083
-

19,000
19,392

Details of security provided:

Included within creditors are secured debts amounting to £19,000 (2023 - £19,392) which are secured on the fixed assets to which they relate.


8.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
10,375
10,119

Other loans
390,955
474,539


401,330
484,658

Amounts falling due 1-2 years

Bank loans
5,286
10,375

Amounts falling due 2-5 years

Bank loans
-
5,286


406,616
500,319


Page 8

 
BRANCHES PARK HATCHERIES LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



60 (2023 - 60) Ordinary shares of £1.00 each
60
60



10.


Related party transactions

During the year the Company operated loans with the director of the Company. The amount payable to the director of the Company at the year end was £390,955 (2023 - £474,539). This loan is interest free and repayable on demand. 
During the year the Company operated loans with Mrs G Bailey, the wife of the director. The amount due to her at the year end was £3,000 (2023 - £nil). This loan is interest free and repayable on demand. 


Page 9