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REGISTERED NUMBER: 09073208 (England and Wales)





























Abridged Unaudited Financial Statements for the Year Ended 30 June 2022

for

Burwood Properties Limited

Burwood Properties Limited (Registered number: 09073208)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Burwood Properties Limited

Company Information
for the Year Ended 30 June 2022







DIRECTORS: Mr R M Lucas
Mr D M Lucas
Mrs A G Lucas





REGISTERED OFFICE: 183 Newbrook Road
Atherton
M46 9HA





REGISTERED NUMBER: 09073208 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Burwood Properties Limited (Registered number: 09073208)

Abridged Balance Sheet
30 June 2022

2022 2021
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 300,000 425,000
300,000 425,000

CURRENT ASSETS
Debtors 375 546
Cash at bank 158,870 25,509
159,245 26,055
CREDITORS
Amounts falling due within one year (338,395 ) (337,896 )
NET CURRENT LIABILITIES (179,150 ) (311,841 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

120,850

113,159

PROVISIONS FOR LIABILITIES 6 (12,324 ) (13,785 )
NET ASSETS 108,526 99,374

CAPITAL AND RESERVES
Called up share capital 7 100 100
Fair value reserve 8 52,541 58,771
Retained earnings 55,885 40,503
108,526 99,374

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 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.

Burwood Properties Limited (Registered number: 09073208)

Abridged Balance Sheet - continued
30 June 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2022 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2022 and were signed on its behalf by:





Mr R M Lucas - Director


Burwood Properties Limited (Registered number: 09073208)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. STATUTORY INFORMATION

Burwood Properties 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 rental income, on a receivable basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Investment property
Investment properties are to be revalued on an open market basis by the directors, on an annual basis. Any temporary surpluses or deficits will be transferred to the fair value reserve, any permanent diminution in value will be written off to the profit and loss reserves.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

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

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

Burwood Properties Limited (Registered number: 09073208)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2021
and 30 June 2022 699
DEPRECIATION
At 1 July 2021
and 30 June 2022 699
NET BOOK VALUE
At 30 June 2022 -
At 30 June 2021 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2021 425,000
Disposals (145,000 )
Revaluations 20,000
At 30 June 2022 300,000
NET BOOK VALUE
At 30 June 2022 300,000
At 30 June 2021 425,000

Fair value at 30 June 2022 is represented by:
£   
Valuation in 2020 4,865
Valuation in 2021 40,000
Valuation in 2022 20,000
Cost 235,135
300,000

6. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Revaluation of investment properties 12,324 13,785

Deferred
tax
£   
Balance at 1 July 2021 13,785
Provided during year 3,800
Sale of investment property (5,261 )
Balance at 30 June 2022 12,324

Burwood Properties Limited (Registered number: 09073208)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
Value:
30 'A' Ordinary £1 30 30
25 'B' Ordinary £1 25 25
20 'C' Ordinary £1 20 20
10 'D' Ordinary £1 10 10
10 'E' Ordinary £1 10 10
5 'F' Ordinary £1 5 5
100 100

The 'A' to 'F' Ordinary shares rank pari passu in all respects.

8. RESERVES
Fair
value
reserve
£   
At 1 July 2021 58,771
Revaluation of investment properties 20,000
Deferred tax on revaluation
of investment properties (3,800 )
Adjustment re disposal of
investment property (22,430 )

At 30 June 2022 52,541

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors: amounts falling due within one year is an amount of £331,633 (2021 - £331,313) which is owed to Mr R M Lucas, a director of the company.