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REGISTERED NUMBER: 01432249 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2023

FOR

BUTLER ESTATES LIMITED

BUTLER ESTATES LIMITED (REGISTERED NUMBER: 01432249)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BUTLER ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2023







DIRECTORS: Mrs B. L. Harris
Mrs S. R. Butler
Mrs S. D. Butler





SECRETARY: Mrs B. L. Harris





REGISTERED OFFICE: 15a Station Road
Epping
Essex
CM16 4HG





REGISTERED NUMBER: 01432249 (England and Wales)





ACCOUNTANTS: Cobbin Floyd Ltd
Chartered Accountants
15a Station Road
Epping
Essex
CM16 4HG

BUTLER ESTATES LIMITED (REGISTERED NUMBER: 01432249)

BALANCE SHEET
31ST MARCH 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investment property 4 6,126,000 6,126,000

CURRENT ASSETS
Debtors 5 93,466 104,470
Cash at bank 279,339 343,090
372,805 447,560
CREDITORS
Amounts falling due within one year 6 (69,830 ) (95,944 )
NET CURRENT ASSETS 302,975 351,616
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,428,975

6,477,616

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 7 5,568,127 5,568,127
Retained earnings 860,846 909,487
SHAREHOLDERS' FUNDS 6,428,975 6,477,616

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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 10th October 2023 and were signed on its behalf by:





Mrs S. R. Butler - Director


BUTLER ESTATES LIMITED (REGISTERED NUMBER: 01432249)

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

1. STATUTORY INFORMATION

Butler Estates 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 3 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st April 2022
and 31st March 2023 6,126,000
NET BOOK VALUE
At 31st March 2023 6,126,000
At 31st March 2022 6,126,000

BUTLER ESTATES LIMITED (REGISTERED NUMBER: 01432249)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31st March 2023 is represented by:
£   
Valuation in 2020 890,986
Valuation in 2021 2,926,528
Valuation in 2022 2,308,486
6,126,000

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

2023 2022
£    £   
Cost 874,720 874,720
Aggregate depreciation (334,341 ) (334,341 )

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 93,466 104,470

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Corporation tax 12,047 35,418
Sundry creditors and accruals 14,644 17,387
Amount owed to group undertaking 43,139 43,139
69,830 95,944

7. RESERVES
Revaluation
reserve
£   
At 1st April 2022
and 31st March 2023 5,568,127

8. RELATED PARTY DISCLOSURES

The company has been supported by its parent company Butler Solent Limited. At the balance sheet date, the amount due to Butler Solent Limited was £43,139 (2022-£43,139).