The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

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

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Ballanwood Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 7 Bridge Street, Newport, Gwent, NP20 4AL.

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

Tangible fixed assets are measured at cost net of depreciation.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ 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.

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.

Debtors and creditors with no stated interest rate an receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

The tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.

The average monthly number of persons (including directors) employed by the company during the year was:

During the year, the company loaned money to Harvey Bowes Financial Services Limited, a company with a common director and shareholder. At the year end, the amount owed from Harvey Bowes Financial Services Limited was £31,716 (2023 - £30,427), This amount is included in debtors: amounts falling due within one year.

During the year, the company loaned money from Treadstone Estates Limited, a company with a common director. At the year end, the amount owed to Treadstone Estates Limited was £7,478 (2023 - £2,172 debtor), This amount is included in creditors: amounts falling due within one year.

During the year, the company loaned money to Ballanwood Estates Limited, a company with a common director and shareholder. At the year end, the amount owed from Ballanwood Estates Limited was £8,700 (2023 - £2,008 creditor), This amount is included in debtors: amounts falling due within one year.

During the year, the company loaned money from Harvey Bowes Limited, a company with a common director and shareholder. At the year end, the amount owed to Harvey Bowes Limited was £30,992 (2023 - £30,992), This amount is included in creditors: amounts falling due within one year.

During the year, the company loaned money from Aston Lyon Limited, a company with a common director. At the year end, the amount owed to Aston Lyon Limited was £350 (2023 - £1,250), This amount is included in creditors: amounts falling due within one year.

During the year, the company loaned money from Harvey Bowes Group Limited, the parent company. At the year end, the amount owed to Harvey Bowes Group Limited was £23,596 (2023 - £5,355), This amount is included in creditors: amounts owed to group undertaking.

Ballanwood Limited is wholly owned by Harvey Bowes Group Limited and its registered office is 7 Bridge Street, Newport, Gwent, United Kingdom, NP20 4AL.