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

COMPANY REGISTRATION NUMBER: 05409225

BATTY DEVELOPMENTS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 March 2025

BATTY DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION

30 March 2025

	2025		2024
Note	£	£	£

FIXED ASSETS

Tangible assets	6		2,077,447	1,928,663

CURRENT ASSETS

Stocks		25,000	410,000
Debtors	7	692,091	584,881
Cash at bank and in hand		351	506
		---------	---------
		717,442	995,387

CREDITORS: amounts falling due within one year	8	( 1,002,967)		( 832,632)
		------------		---------
NET CURRENT (LIABILITIES)/ASSETS			( 285,525)	162,755
			------------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES			1,791,922	2,091,418

CREDITORS: amounts falling due after more than one year	9		( 483,027)	( 862,342)

PROVISIONS

Taxation including deferred tax	( 11,745)	( 11,976)
	------------	------------
NET ASSETS	1,297,150	1,217,100
	------------	------------

CAPITAL AND RESERVES

Called up share capital	66	66
Capital redemption reserve	33	33
Profit and loss account	1,297,051	1,217,001
	------------	------------
SHAREHOLDERS FUNDS	1,297,150	1,217,100
	------------	------------

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 income and retained earnings has not been delivered.

For the year ending 30 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- 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 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BATTY DEVELOPMENTS LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

30 March 2025

These financial statements were approved by the board of directors and authorised for issue on 15 December 2025 , and are signed on behalf of the board by:

P Batty	S Batty
Director	Director

Company registration number: 05409225

BATTY DEVELOPMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 30 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Harper Barn, 35 Bradshaw Lane, Bradshaw, Halifax, West Yorkshire, HX2 9XB.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover comprises revenue recognised by the company in respect of services provided, exclusive of Value Added Tax. In respect of long-term contracts and contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of long-term contracts and contracts for on-going services is recognised by reference to the stage of completion.

Income tax

Deferred tax is recognised in respect off all timing differences that have originated but not reversed at the balance sheet date.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Goodwill	-	Depreciated over 20 Years

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.

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	-	20% reducing balance
Motor Vehicles	-	20% reducing balance
Office Equipment	-	33% straight line

Investment property

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost comprises the acquisition and development costs excluding interest. Development costs include infrastructure costs and costs of houses built. The cost of land acquisition includes options to purchase land, and the cost of any investigation work prior to purchase.

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.

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.

4. TAX ON PROFIT

Major components of tax expense

	2025	2024
	£	£

Current tax:

UK current tax expense	54,882	31,604

Deferred tax:

Origination and reversal of timing differences	( 231)	( 1,544)
	--------	--------
Tax on profit	54,651	30,060
	--------	--------

5. INTANGIBLE ASSETS

	Goodwill
	£
Cost
At 31 March 2024 and 30 March 2025	220,000
	---------
Amortisation
At 31 March 2024 and 30 March 2025	220,000
	---------
Carrying amount
At 30 March 2025	–
	---------
At 30 March 2024	–
	---------

6. TANGIBLE ASSETS

	Investment property	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 31 March 2024	1,865,634	13,894	188,084	671	2,068,283
Additions	150,000	6,500	9,667	–	166,167
Disposals	–	–	( 3,800)	–	( 3,800)
	------------	--------	---------	----	------------
At 30 March 2025	2,015,634	20,394	193,951	671	2,230,650
	------------	--------	---------	----	------------
Depreciation
At 31 March 2024	–	12,264	126,685	671	139,620
Charge for the year	–	542	16,334	–	16,876
Disposals	–	–	( 3,293)	–	( 3,293)
	------------	--------	---------	----	------------
At 30 March 2025	–	12,806	139,726	671	153,203
	------------	--------	---------	----	------------
Carrying amount
At 30 March 2025	2,015,634	7,588	54,225	–	2,077,447
	------------	--------	---------	----	------------
At 30 March 2024	1,865,634	1,630	61,399	–	1,928,663
	------------	--------	---------	----	------------

Investment property has been valued by the directors, on an open market basis, as at 30 March 2025.

7. DEBTORS

	2025	2024
	£	£
Trade debtors	169,473	104,327
Other debtors	522,618	480,554
	---------	---------
	692,091	584,881
	---------	---------

8. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	319,665	283,717
Trade creditors	283,784	251,165
Corporation tax	84,925	47,541
Social security and other taxes	65,732	49,147
Other creditors	248,861	201,062
	------------	---------
	1,002,967	832,632
	------------	---------

9. CREDITORS: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	483,027	856,675
Other creditors	–	5,667
	---------	---------
	483,027	862,342
	---------	---------