ACCOUNTS - Final Accounts preparation

Company registration number: 08370868

BALLAMY & PARTNERS LIMITED

Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 March 2025

Coveney Nicholls Limited

Chartered Accountants

The Old Wheel House

31/37 Church Street

Reigate

Surrey

RH2 0AD


BALLAMY & PARTNERS LIMITED Registered number:08370868

Statement of Financial Position

As at 31 March 2025

		2025		2024
Note		£		£

Fixed assets
Investments	3		100		100
			100		100
Current assets
Debtors: amounts falling due within one year	4	616,110		619,580
Cash at bank and in hand		1,681		110
		617,791		619,690
Creditors: amounts falling due within one year	5	(139,653)		(149,364)
Net current assets			478,138		470,326
Total assets less current liabilities			478,238		470,426

Net assets			478,238		470,426

Capital and reserves
Called up share capital	100	100
Profit and loss account	478,138	470,326
	478,238	470,426

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 statement of income and retained earnings 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 on 31 December 2025.

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BALLAMY & PARTNERS LIMITED Registered number:08370868

Statement of Financial Position (continued)

As at 31 March 2025

Mr M Ballamy

Director

The notes on pages 3 to 6 form part of these financial statements.

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BALLAMY & PARTNERS LIMITED

Notes to the Financial Statements

For the Year Ended 31 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 The Old Wheel House, 31/37 Church Street, Reigate, Surrey, RH2 0AD.

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 following principal accounting policies have been applied:

2.2

INTEREST INCOME

Interest income is recognised in profit or loss using the effective interest method.

2.3

FINANCE COSTS

Finance costs are charged to profit or loss 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.

2.4

TAXATION

Tax is recognised in profit or loss 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 reporting date in the countries where the Company operates and generates income.

2.5

VALUATION OF INVESTMENTS

Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in the Statement of Income and Retained Earnings for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

Investments in listed company shares are remeasured to market value at each reporting date. Gains and losses on remeasurement are recognised in profit or loss for the period.

2.6

ASSOCIATES AND JOINT VENTURES

Associates and Joint Ventures are held at cost less impairment.

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BALLAMY & PARTNERS LIMITED

Notes to the Financial Statements

For the Year Ended 31 March 2025

2.ACCOUNTING POLICIES (CONTINUED)

2.7

DEBTORS

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

2.8

CASH AND CASH EQUIVALENTS

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. 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.

2.9

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	FIXED ASSET INVESTMENTS

		Investments in associates
		£
	Cost or valuation
	At 1 April 2024	100
	At 31 March 2025	100

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BALLAMY & PARTNERS LIMITED

Notes to the Financial Statements

For the Year Ended 31 March 2025

DEBTORS

					2025	2024
					£	£


Amounts owed by joint ventures and associated undertakings	184,113	174,580
Other debtors	431,997	445,000
	616,110	619,580

5.	CREDITORS: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	1,833	24,505
Other creditors	136,776	124,025
Accruals and deferred income	1,044	834
	139,653	149,364

6.	Director's advances, credits and guarantees

		2025
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr M Ballamy	(124,025)	(30,000)	17,250	(136,775)
		2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr M Ballamy	(10,000)	(114,025)	-	(124,025)

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BALLAMY & PARTNERS LIMITED

Notes to the Financial Statements

For the Year Ended 31 March 2025

7.	Related party transactions

The company was under the control of Mr M Ballamy throughout the year. Mr M Ballamy is the managing director and majority shareholder.
The company holds a 50% share in Ballamy LLP, a corporate entity in which Mr M Ballamy is a member. The company's profit entitlement from this investment is recognised in these accounts.
Dividends of £nil (2024 - £nil) were paid to the shareholder during the year. The shareholder is also director of the company.
No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102.

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