REGISTERED NUMBER: 13569308 (England and Wales)

Financial Statements

for the Year Ended 31 January 2025

for

Badgers Corner Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R B Westerman

A H Westerman

REGISTERED OFFICE:

The Mills

Canal Street

Derby

Derbyshire

DE1 2RJ

REGISTERED NUMBER:

13569308 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

98,628

-

Investments

5

1,058,636

-

Investment property

6

8,309,489

7,465,000

9,466,753

7,465,000

CURRENT ASSETS

Debtors

7

94,845

7,469

Cash at bank

1,999,908

1,008,462

2,094,753

1,015,931

CREDITORS

Amounts falling due within one year

8

1,400,363

572,519

NET CURRENT ASSETS

694,390

443,412

TOTAL ASSETS LESS CURRENT LIABILITIES

10,161,143

7,908,412

CAPITAL AND RESERVES

Called up share capital

10,021,361

7,717,611

Fair value reserve

9

33,090

-

Retained earnings

106,692

190,801

10,161,143

7,908,412

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 September 2025 and were signed on its behalf by:

R B Westerman - Director

1.	STATUTORY INFORMATION

Badgers Corner Ltd 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.

Turnover

Turnover represents rents receivable from investment properties and is recognised as it falls due, in accordance with the lease to which it relates.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Motor vehicles

-

25% on cost

Investment property

FRS 102 requires that investment properties are to be measured at their fair value at each reporting date with changes in fair values recognised in the statement of comprehensive income. In the opinion of the directors, accounting for investment property at cost enables easier comparison of overall profit and loss year on year. The company therefore follows the policy of including investment properties in the balance sheet at cost, which is a departure from the requirements of FRS 102.

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.

Fixed asset investments

Listed investments are valued at their fair value at the balance sheet date and any changes between the previous year end or acquisition, as applicable are recognised in the profit and loss account and transferred to a fair value reserve.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

Additions

131,503

At 31 January 2025

131,503

DEPRECIATION

Charge for year

32,875

At 31 January 2025

32,875

NET BOOK VALUE

At 31 January 2025

98,628

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

Additions

1,027,796

Disposals

(2,250

)

Revaluations

33,090

At 31 January 2025

1,058,636

NET BOOK VALUE

At 31 January 2025

1,058,636

Cost or valuation at 31 January 2025 is represented by:

Listed

investments

£

Valuation in 2025

1,058,636

If fixed asset investments had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

1,025,546

-

6.	INVESTMENT PROPERTY

Total

£

COST

At 1 February 2024

7,465,000

Additions

844,489

At 31 January 2025

8,309,489

NET BOOK VALUE

At 31 January 2025

8,309,489

At 31 January 2024

7,465,000

Investment property was purchased from the company's immediate parent undertaking at the time of purchase, W. Westerman Limited at its November 2021 valuation. The property was valued when owned by W. Westerman Limited by Innes England Chartered Surveyors on an open market basis by reference to market evidence of transaction prices for similar properties.

Investment property is included in the accounts at cost less impairment. As in the opinion of the directors, accounting for investment property at cost enables easier comparison of overall profit and loss year on year.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

73,666

7,469

Other debtors

1,521

-

Prepayments

19,658

-

94,845

7,469

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

75,372

4,356

Amounts owed to related undertakings

233,675

-

Tax

-

37,651

Social security and other taxes

4,714

8,054

Directors' loan account

1,083,602

522,458

Accruals and deferred income

3,000

-

1,400,363

572,519

9.

RESERVES

Fair

value

reserve

£

Transfer unrealised gain

33,090

At 31 January 2025

33,090