Bushy Croft Developments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05307999

Bushy Croft Developments Limited

Filleted Unaudited Financial Statements

31 December 2024

Bushy Croft Developments Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	4		1,885,377	1,861,166

Current assets

Debtors	5	15,320		11,916

Creditors: amounts falling due within one year	6	237,220		250,735
		---------		---------
Net current liabilities			221,900	238,819
			------------	------------
Total assets less current liabilities			1,663,477	1,622,347

Creditors: amounts falling due after more than one year	7		547,016	531,189

Provisions

Taxation including deferred tax	210,059	205,059
	------------	------------
Net assets	906,402	886,099
	------------	------------

Capital and reserves

Called up share capital	1	1
Revaluation reserve	771,088	756,088
Profit and loss account	135,313	130,010
	---------	---------
Shareholder funds	906,402	886,099
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 December 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

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

Bushy Croft Developments Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr J B Maddox
Director

Company registration number: 05307999

Bushy Croft Developments Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Kimbolton Road, Bedford, Bedfordshire, MK40 2NR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts.

Deferred taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

All fixed assets are initially recorded at cost. Investment properties are revalued annually by the director Mr J Maddox.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Finance leases and hire purchase contracts

Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

4. Tangible assets

	Land and buildings	Plant and machinery	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£	£
Cost or valuation
At 1 Jan 2024	1,850,000	13,530	1,851	9,750	1,058	1,876,189
Additions	–	–	–	8,495	–	8,495
Revaluations	20,000	–	–	–	–	20,000
	------------	--------	-------	--------	-------	------------
At 31 Dec 2024	1,870,000	13,530	1,851	18,245	1,058	1,904,684
	------------	--------	-------	--------	-------	------------
Depreciation
At 1 Jan 2024	–	11,182	1,773	1,016	1,052	15,023
Charge for the year	–	587	20	3,676	1	4,284
	------------	--------	-------	--------	-------	------------
At 31 Dec 2024	–	11,769	1,793	4,692	1,053	19,307
	------------	--------	-------	--------	-------	------------
Carrying amount
At 31 Dec 2024	1,870,000	1,761	58	13,553	5	1,885,377
	------------	--------	-------	--------	-------	------------
At 31 Dec 2023	1,850,000	2,348	78	8,734	6	1,861,166
	------------	--------	-------	--------	-------	------------

Tangible assets held at valuation

The value of assets held as investments have been reviewed and revalued by the director Mr J Maddox at the year end.

5. Debtors

	2024	2023
	£	£
Trade debtors	4,505	4,589
Other debtors	10,815	7,327
	--------	--------
	15,320	11,916
	--------	--------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	29,234	28,801
Trade creditors	10,059	14,604
Corporation tax	127	4,057
Other creditors	197,800	203,273
	---------	---------
	237,220	250,735
	---------	---------

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	373,600	387,124
Other creditors	173,416	144,065
	---------	---------
	547,016	531,189
	---------	---------