ACCOUNTS - Final Accounts preparation

Registered number: 13078426

BIRCHFIELD (UK) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

BIRCHFIELD (UK) LIMITED

REGISTERED NUMBER: 13078426

BALANCE SHEET

AS AT 31 DECEMBER 2024

		2024		Restated 2023
Note		£		£

Fixed assets
Tangible assets	4		1,002		1,350
			1,002		1,350
Current assets
Debtors: amounts falling due within one year	6	6,645		-
Cash at bank and in hand	7	60,987		54,942
		67,632		54,942
Creditors: amounts falling due within one year	8	(57,338)		(68,428)
Net current assets/(liabilities)			10,294		(13,486)
Total assets less current liabilities			11,296		(12,136)

Net assets/(liabilities)			11,296		(12,136)

Capital and reserves
Called up share capital	1	1
Profit and loss account	11,295	(12,137)
	11,296	(12,136)

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BIRCHFIELD (UK) LIMITED

REGISTERED NUMBER: 13078426

BALANCE SHEET (CONTINUED)

AS AT 31 DECEMBER 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 profit and loss account 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 J Wyatt

Director

Date: 3 December 2025

The notes on pages 3 to 8 form part of these financial statements.

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BIRCHFIELD (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Birchfield (UK) Limited is a private company, limited by shares, registered in England & Wales, register number 13078426. The registered office address is 11 Merus Court, Meridian Business Park, Leicester, LE19 1RJ.
Principal activity
The principal activity of the Company during the year was that of providing real estate advisory services and holding investments.

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 Company's functional and presentational currency is British Pound Sterling (£).

The following principal accounting policies have been applied:

2.2

Going concern

The director and shareholder, Mr P J Wyatt, continues to support the Company, and therefore it is appropriate to prepare the accounts on a going concern basis.

2.3

Interest income

Interest income is recognised in the Pofit and Loss Account using the effective interest method.

2.4

Finance costs

Finance costs are charged to the Pofit and Loss Account over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.5

Taxation

Tax is recognised in the Pofit and Loss Account except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

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BIRCHFIELD (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 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, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

25%

Straight Line per annum

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 the Pofit and Loss Account.

2.7

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at transaction price, 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. 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 transaction price, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

2.11

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at transaction price, net of transaction costs, and subsequently at amortised cost using the effective interest method. Debt

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BIRCHFIELD (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.11

Financial instruments (continued)

instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Profit and Loss Account.
For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.
For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an 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.

2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

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

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BIRCHFIELD (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 January 2024	1,671
	At 31 December 2024	1,671
	Depreciation
	At 1 January 2024	321
	Charge for the year	348
	At 31 December 2024	669
	Net book value
	At 31 December 2024	1,002
	At 31 December 2023	1,350

5.	Fixed asset investments

		Other fixed asset investments
		£

	Additions	100
	Disposals	(100)
	At 31 December 2024	-

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BIRCHFIELD (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Debtors

					2024	2023
					£	£


Tax recoverable	457	-
Prepayments and accrued income	6,188	-
	6,645	-

7.	Cash and cash equivalents
		2024	2023
		£	£

Cash at bank and in hand	60,987	54,942
	60,987	54,942

8.	Creditors: Amounts falling due within one year
		2024	2023
		£	£

Corporation tax	-	39,725
Other taxation and social security	-	18,746
Other creditors	53,838	3,627
Accruals and deferred income	3,500	6,330
	57,338	68,428

9.	Transactions with directors

At the start of the year, the Company owed £3,627 to the director. During the year, the director received advances of £53,521 and made repayments of £103,732, with a balance of £53,838 being owed by the Company to the director at the year end.
Amounts are interest free and repayable on demand

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BIRCHFIELD (UK) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

10.	Prior year adjustment

As part of the year-end review for the year ended 31 December 2024, the director reassessed certain balances to ensure that the financial statements present a true and fair view.

During this review, it was identified that called up share capital in the prior period had been misstated at £100 instead of £1. This error has been corrected as a prior period adjustment. The impact of the correction as at 1 January 2024 is as follows:
Called up share capital decreased by £99;
Retained earnings brought forward increased by £99
This adjustment has no impact on the company’s net assets or profit for the current or prior periods.

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