Bartram Land Limited - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 07613911 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

BARTRAM LAND LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

J Bartram

Mrs B J Hutchinson

SECRETARY:

Mrs B J Hutchinson

REGISTERED OFFICE:

High Road

Beeston

Sandy

Bedfordshire

SG19 1PB

REGISTERED NUMBER:

07613911 (England and Wales)

ACCOUNTANTS:

Bayler Wood Associates Ltd

Chartered Certified Accountants

2 Church Lane

Walgrave

Northamptonshire

NN6 9QH

FIXED ASSETS

Tangible assets

4

389,743

452,470

Investment property

5

8,000,000

3,474,224

8,389,743

3,926,694

CURRENT ASSETS

Debtors

6

272,490

278,462

Cash at bank

22,419

9,906

294,909

288,368

CREDITORS

Amounts falling due within one year

7

1,677,356

1,242,922

NET CURRENT LIABILITIES

(1,382,447

)

(954,554

)

TOTAL ASSETS LESS CURRENT LIABILITIES

7,007,296

2,972,140

CREDITORS

Amounts falling due after more than one year

8

(639,588

)

(790,149

)

PROVISIONS FOR LIABILITIES

(1,074,826

)

(285,085

)

NET ASSETS

5,292,882

1,896,906

CAPITAL AND RESERVES

Called up share capital

10

100

100

Undistributable reserves

4,543,258

1,155,623

Retained earnings

749,524

741,183

SHAREHOLDERS' FUNDS

5,292,882

1,896,906

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:

J Bartram - Director

Mrs B J Hutchinson - Director

1.	STATUTORY INFORMATION

Bartram Land Limited 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 net property and aviation rental income received, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

20% on cost

Helicopter

-

8% on cost

Subsequent costs incurred which provide enhancement to future periods, such as long term scheduled maintenance and major overhauls of aircraft, are capitalised and amortised over the length of the period benefiting from these enhancements. All other costs relating to maintenance are charged to the profit and loss account as incurred.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in undistributable reserves.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

Helicopter

Totals

£

£

£

COST

At 1 April 2022

and 31 March 2023

80,073

593,905

673,978

DEPRECIATION

At 1 April 2022

13,671

207,837

221,508

Charge for year

15,215

47,512

62,727

At 31 March 2023

28,886

255,349

284,235

NET BOOK VALUE

At 31 March 2023

51,187

338,556

389,743

At 31 March 2022

66,402

386,068

452,470

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2022

3,474,224

Additions

343,510

Revaluations

4,182,266

At 31 March 2023

8,000,000

NET BOOK VALUE

At 31 March 2023

8,000,000

At 31 March 2022

3,474,224

Included in fair value of investment property is freehold land of £ 8,000,000 (2022 - £ 3,474,224 ) which is not depreciated.

Fair value at 31 March 2023 is represented by:

£

Valuation in 2013

508,630

Valuation in 2014

98,486

Valuation in 2016

183,930

Valuation in 2019

197,287

Valuation in 2020

448,127

Valuation in 2023

4,182,266

Cost

2,381,274

8,000,000

If investment property had not been revalued it would have been included at the following historical cost:

31.3.23

31.3.22

£

£

Cost

2,381,274

2,037,764

Investment property was valued on a fair value basis on 31 March 2023 by Stimpsons Chartered Surveyors .

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Other debtors

261,348

249,542

VAT

1,593

4,744

Prepayments

9,549

24,176

272,490

278,462

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.23

31.3.22

£

£

Bank loans and overdrafts

150,000

150,000

Trade creditors

39,007

42,413

Social security and other taxes

6,846

-

Other creditors

1,288,411

841,801

Directors loan account

190,839

155,145

Sundry creditors and accruals

2,253

53,563

1,677,356

1,242,922

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.23

31.3.22

£

£

Bank loan

639,588

790,149

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loan

639,588

790,149

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.23

31.3.22

£

£

Bank loans

789,588

940,149

Bank loans are secured on the freehold property to which they relate.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

£

£

100

Ordinary

£1

100

100