IRIS Accounts Production v25.1.4.42 03124528 Board of Directors Board of Directors 1.12.23 30.11.24 30.11.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh031245282023-11-30031245282024-11-30031245282023-12-012024-11-30031245282022-11-30031245282022-12-012023-11-30031245282023-11-3003124528ns15:EnglandWales2023-12-012024-11-3003124528ns14:PoundSterling2023-12-012024-11-3003124528ns10:Director12023-12-012024-11-3003124528ns10:Director22023-12-012024-11-3003124528ns10:PrivateLimitedCompanyLtd2023-12-012024-11-3003124528ns10:SmallEntities2023-12-012024-11-3003124528ns10:AuditExempt-NoAccountantsReport2023-12-012024-11-3003124528ns10:SmallCompaniesRegimeForDirectorsReport2023-12-012024-11-3003124528ns10:SmallCompaniesRegimeForAccounts2023-12-012024-11-3003124528ns10:FullAccounts2023-12-012024-11-3003124528ns10:OrdinaryShareClass12023-12-012024-11-3003124528ns10:CompanySecretary12023-12-012024-11-3003124528ns10:RegisteredOffice2023-12-012024-11-3003124528ns5:CurrentFinancialInstruments2024-11-3003124528ns5:CurrentFinancialInstruments2023-11-3003124528ns5:Non-currentFinancialInstruments2024-11-3003124528ns5:Non-currentFinancialInstruments2023-11-3003124528ns5:ShareCapital2024-11-3003124528ns5:ShareCapital2023-11-3003124528ns5:RevaluationReserve2024-11-3003124528ns5:RevaluationReserve2023-11-3003124528ns5:RetainedEarningsAccumulatedLosses2024-11-3003124528ns5:RetainedEarningsAccumulatedLosses2023-11-3003124528ns5:LeaseholdImprovements2023-12-012024-11-3003124528ns5:PlantMachinery2023-12-012024-11-3003124528ns5:LandBuildings2023-11-3003124528ns5:LeaseholdImprovements2023-11-3003124528ns5:PlantMachinery2023-11-3003124528ns5:LandBuildings2023-12-012024-11-3003124528ns5:LandBuildings2024-11-3003124528ns5:LeaseholdImprovements2024-11-3003124528ns5:PlantMachinery2024-11-3003124528ns5:LandBuildings2023-11-3003124528ns5:LeaseholdImprovements2023-11-3003124528ns5:PlantMachinery2023-11-3003124528ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-3003124528ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-012024-11-3003124528ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-11-3003124528ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-11-3003124528ns5:WithinOneYearns5:CurrentFinancialInstruments2024-11-3003124528ns5:WithinOneYearns5:CurrentFinancialInstruments2023-11-3003124528ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2024-11-3003124528ns5:WithinOneYearns5:CurrentFinancialInstrumentsns5:HirePurchaseContracts2023-11-3003124528ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2024-11-3003124528ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-11-3003124528ns5:HirePurchaseContracts2024-11-3003124528ns5:HirePurchaseContracts2023-11-3003124528ns10:OrdinaryShareClass12024-11-30
REGISTERED NUMBER: 03124528 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th November 2024

for

BARBARA HEYES LAND IMPROVEMENT LIMITED

BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)






Contents of the Financial Statements
for the Year Ended 30th November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARBARA HEYES LAND IMPROVEMENT LIMITED

Company Information
for the Year Ended 30th November 2024







DIRECTORS: Mr J Heyes
Mr G W Heyes





SECRETARY: Mrs E S Sephton





REGISTERED OFFICE: Mossborough Bungalow
Mossborough Hall Lane
Rainford
St Helens
Merseyside
WA11 7JE





REGISTERED NUMBER: 03124528 (England and Wales)





ACCOUNTANTS: BK Plus - Chorley
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)

Balance Sheet
30th November 2024

30.11.24 30.11.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 835,251 863,235

CURRENT ASSETS
Stocks 5 244,287 234,492
Debtors 6 18,492 19,281
Cash at bank 72,549 48,922
335,328 302,695
CREDITORS
Amounts falling due within one year 7 37,847 25,739
NET CURRENT ASSETS 297,481 276,956
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,132,732

1,140,191

CREDITORS
Amounts falling due after more than one
year

8

(26,588

)

(38,378

)

PROVISIONS FOR LIABILITIES (109,353 ) (112,685 )
NET ASSETS 996,791 989,128

CAPITAL AND RESERVES
Called up share capital 11 99 99
Revaluation reserve 419,763 419,763
Retained earnings 576,929 569,266
SHAREHOLDERS' FUNDS 996,791 989,128

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

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

BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)

Balance Sheet - continued
30th November 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 20th August 2025 and were signed on its behalf by:




Mr J Heyes - Director



Mr G W Heyes - Director


BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)

Notes to the Financial Statements
for the Year Ended 30th November 2024

1. STATUTORY INFORMATION

Barbara Heyes Land Improvement 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.

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 as modified by the revaluation of certain assets.

Revenue recognition
Revenue is the value of livestock (net of value added tax) provided to customers during the year, and the receipts of subsidies.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Improvements to property - 25% on cost
Plant and machinery - 25% on reducing balance

In accordance with the Financial Reporting Standard 102 section 1A (effective January 2015) no depreciation is provided in respect of freehold properties. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. The directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified.

Inventories
The company has opted to value inventories using the fair value model. This is done through an independent valuer.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all 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. 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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carry amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

4. TANGIBLE FIXED ASSETS
Improvements
to Plant and
Land property machinery Totals
£    £    £    £   
COST OR VALUATION
At 1st December 2023 721,392 58,630 181,129 961,151
Additions - - 13,573 13,573
At 30th November 2024 721,392 58,630 194,702 974,724
DEPRECIATION
At 1st December 2023 - 14,658 83,258 97,916
Charge for year - 14,658 26,899 41,557
At 30th November 2024 - 29,316 110,157 139,473
NET BOOK VALUE
At 30th November 2024 721,392 29,314 84,545 835,251
At 30th November 2023 721,392 43,972 97,871 863,235

Cost or valuation at 30th November 2024 is represented by:

Improvements
to Plant and
Land property machinery Totals
£    £    £    £   
Valuation in 2023 507,980 - - 507,980
Cost 213,412 58,630 194,702 466,744
721,392 58,630 194,702 974,724

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1st December 2023
and 30th November 2024 87,950
DEPRECIATION
At 1st December 2023 18,323
Charge for year 17,407
At 30th November 2024 35,730
NET BOOK VALUE
At 30th November 2024 52,220
At 30th November 2023 69,627

BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

5. STOCKS
30.11.24 30.11.23
£    £   
Stocks 244,287 234,492

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Other debtors - 1,784
VAT 4,144 3,419
Prepayments 14,348 14,078
18,492 19,281

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts (see note 9) 11,790 11,790
Trade creditors 7,516 7,879
Tax 9,641 -
Other creditors 2,988 2,488
Directors' current accounts 3,012 2,012
Accrued expenses 2,900 1,570
37,847 25,739

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.11.24 30.11.23
£    £   
Hire purchase contracts (see note 9) 26,588 38,378

9. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

30.11.24 30.11.23
£    £   
Net obligations repayable:
Within one year 11,790 11,790
Between one and five years 26,588 38,378
38,378 50,168

10. SECURED DEBTS

The following secured debts are included within creditors:

30.11.24 30.11.23
£    £   
Hire purchase contracts 38,378 50,168

The Hire Purchase finance is secured against the asset to which it relates.

BARBARA HEYES LAND IMPROVEMENT LIMITED (REGISTERED NUMBER: 03124528)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2024

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.24 30.11.23
value: £    £   
99 Ordinary £1 99 99

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date, the company owed £3,012 (2023: £2,012) to the directors. No interest has been charged on this loan and it is repayable on demand.