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REGISTERED NUMBER: 00370121 (England and Wales)












SYDNEY BURROWS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






SYDNEY BURROWS LIMITED (REGISTERED NUMBER: 00370121)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SYDNEY BURROWS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTORS: Mrs J G Burrows
Mrs R J Bailey





SECRETARY: R M Bailey FCA





REGISTERED OFFICE: Park Lane
Handsworth
Birmingham
West Midlands
B21 8LT





REGISTERED NUMBER: 00370121 (England and Wales)






SYDNEY BURROWS LIMITED (REGISTERED NUMBER: 00370121)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 935,000 935,000

CURRENT ASSETS
Debtors 5 563,859 631,236
Cash at bank 12,460 5,277
576,319 636,513
CREDITORS
Amounts falling due within one year 6 54,079 53,758
NET CURRENT ASSETS 522,240 582,755
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,457,240

1,517,755

CREDITORS
Amounts falling due after more than one
year

7

(385,386

)

(419,656

)

PROVISIONS FOR LIABILITIES (42,500 ) (42,500 )
NET ASSETS 1,029,354 1,055,599

CAPITAL AND RESERVES
Called up share capital 9 3,600 3,600
Share premium 10 298,200 298,200
Revaluation reserve 10 345,942 345,942
Retained earnings 10 381,612 407,857
SHAREHOLDERS' FUNDS 1,029,354 1,055,599

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.

SYDNEY BURROWS LIMITED (REGISTERED NUMBER: 00370121)

BALANCE SHEET - continued
31 MARCH 2023


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 2 October 2023 and were signed on its behalf by:





Mrs R J Bailey - Director


SYDNEY BURROWS LIMITED (REGISTERED NUMBER: 00370121)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1. STATUTORY INFORMATION

Sydney Burrows 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.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022
and 31 March 2023 935,000
NET BOOK VALUE
At 31 March 2023 935,000
At 31 March 2022 935,000

SYDNEY BURROWS LIMITED (REGISTERED NUMBER: 00370121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2012 685,000
Valuation in 2016 250,000
935,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed by participating interests 563,859 627,573
Other debtors - 3,663
563,859 631,236

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 32,000 32,000
Taxation and social security 6,140 6,132
Other creditors 15,939 15,626
54,079 53,758

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 385,386 419,656

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 293,386 327,656

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 417,386 451,656

The bank loan is secured by fixed and floating charges over the assets of the company, including a legal charge over the freehold premises.

SYDNEY BURROWS LIMITED (REGISTERED NUMBER: 00370121)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
3,600 Ordinary £1 3,600 3,600

10. RESERVES
Retained Share Revaluation
earnings premium reserve Totals
£    £    £    £   

At 1 April 2022 407,857 298,200 345,942 1,051,999
Deficit for the year (26,245 ) (26,245 )
At 31 March 2023 381,612 298,200 345,942 1,025,754