Batford Mill Investments Limited 30/09/2021 iXBRL
Batford Mill Investments Limited 30/09/2021 iXBRL
Company registration number:
01002868
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Directors and other information
Directors |
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Deceased 13th November 2021 | |
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Secretary |
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Deceased 13th November 2021 | |
Company number |
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Registered office |
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Accountants |
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2 Liscombe West | |||
Liscombe Park | |||
Soulbury | |||
Leighton Buzzard | |||
LU7 0JL | |||
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Batford Mill Investments Limited
Year ended 30th September 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Batford Mill Investments Limited for the year ended 30th September 2021 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Batford Mill Investments Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Batford Mill Investments Limited and state those matters that we have agreed to state to the board of directors of Batford Mill Investments Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Batford Mill Investments Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Batford Mill Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Batford Mill Investments Limited. You consider that Batford Mill Investments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Batford Mill Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
ICAEW
2 Liscombe West
Liscombe Park
Soulbury
Leighton Buzzard
LU7 0JL
21st June 2022
Statement of financial position
30th September 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Investments | 5 |
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Current assets | |||||||||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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Net current liabilities |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
21 June 2022
, and are signed on behalf of the board by:
Director
Director
Company registration number:
01002868
Notes to the financial statements
Year ended 30th September 2021
1.
General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 2 Liscombe West, Liscombe Park, Soulbury, Leighton Buzzard, LU7 0JL.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover represents the total invoice value, excluding VAT, of rental income during the year plus investment income on an arising basis.
Taxation
Investment property
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Financial instruments
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
5
(2020:
5
).
5.
Investments
Equity investments | Investment properties | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1st October 2020 |
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Additions |
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- |
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Disposals |
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Fair value adjustment | 82,404 | 357,435 | 439,839 | |
___________ | ___________ | ___________ | ||
At 30th September 2021 |
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Impairment | ||||
At 1st October 2020 and 30th September 2021 | - | - | - | |
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Carrying amount | ||||
At 30th September 2021 |
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___________ | ___________ | ___________ | ||
At 30th September 2020 |
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6.
Debtors
2021 | 2020 | |||
£ | £ | |||
Trade debtors |
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Other debtors | - |
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___________ | ___________ | |||
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7.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Social security and other taxes |
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Other creditors |
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8.
Financial instruments
2021 | 2020 | |||
£ | £ | |||
Financial assets measured at fair value through profit or loss | ||||
Listed investments | 505,095 | 424,679 | ||
Investment properties | 910,000 | 552,565 | ||
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9.
Controlling party