REGISTERED NUMBER: 13569308 (England and Wales)

Financial Statements

for the Year Ended 31 January 2026

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

17,464

98,628

Investments

5

1,100,458

1,058,636

Investment property

6

9,467,757

8,309,489

10,585,679

9,466,753

CURRENT ASSETS

Debtors

7

119,884

94,845

Cash at bank

682,825

1,999,908

802,709

2,094,753

CREDITORS

Amounts falling due within one year

8

1,267,826

1,400,363

NET CURRENT (LIABILITIES)/ASSETS

(465,117

)

694,390

TOTAL ASSETS LESS CURRENT LIABILITIES

10,120,562

10,161,143

CAPITAL AND RESERVES

Called up share capital

9,499,594

10,021,361

Fair value reserve

9

34,361

33,090

Retained earnings

9

586,607

106,692

10,120,562

10,161,143

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 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 24 July 2026 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. Turnover also consists of dividends, interest and other investment income receivable. Income is recognised when it becomes due to the company.

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 (2025 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Motor

vehicles

£

COST

At 1 February 2025

131,503

Additions

27,285

Disposals

(135,503

)

At 31 January 2026

23,285

DEPRECIATION

At 1 February 2025

32,875

Charge for year

5,821

Eliminated on disposal

(32,875

)

At 31 January 2026

5,821

NET BOOK VALUE

At 31 January 2026

17,464

At 31 January 2025

98,628

5.	FIXED ASSET INVESTMENTS

Listed

investments

£

COST OR VALUATION

At 1 February 2025

1,058,636

Additions

50,781

Disposals

(10,230

)

Revaluations

1,271

At 31 January 2026

1,100,458

NET BOOK VALUE

At 31 January 2026

1,100,458

At 31 January 2025

1,058,636

Cost or valuation at 31 January 2026 is represented by:

Listed

investments

£

Valuation in 2026

1,100,458

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

2026

2025

£

£

Cost

1,067,315

1,025,546

6.	INVESTMENT PROPERTY

Total

£

COST

At 1 February 2025

8,309,489

Additions

1,158,268

At 31 January 2026

9,467,757

NET BOOK VALUE

At 31 January 2026

9,467,757

At 31 January 2025

8,309,489

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

2026

2025

£

£

Trade debtors

119,460

73,666

Other debtors

424

1,521

Prepayments

-

19,658

119,884

94,845

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade creditors

81,694

75,372

Amounts owed to related undertakings

2,991

233,675

Social security and other taxes

4,190

4,714

Directors' loan account

1,175,801

1,083,602

Accruals and deferred income

3,150

3,000

1,267,826

1,400,363

9.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 February 2025

106,692

33,090

139,782

Deficit for the year

(18,814

)

(18,814

)

Dividends

(1,000,000

)

(1,000,000

)

Transfer unrealised gain

(1,271

)

1,271

-

Capital reduction

1,500,000

-

1,500,000

At 31 January 2026

586,607

34,361

620,968