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REGISTERED NUMBER: 01000431 (England and Wales)









Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Burghley-Elwick Associates Limited

Burghley-Elwick Associates Limited (Registered number: 01000431)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Balance Sheet 1

Notes to the Financial Statements 2


Burghley-Elwick Associates Limited (Registered number: 01000431)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 400,000 400,000

CURRENT ASSETS
Debtors 5 59,607 19,000
Cash at bank and in hand 82,318 196,648
141,925 215,648
CREDITORS
Amounts falling due within one year 6 (71,068 ) (73,911 )
NET CURRENT ASSETS 70,857 141,737
TOTAL ASSETS LESS CURRENT LIABILITIES 470,857 541,737

PROVISIONS FOR LIABILITIES (56,224 ) (56,224 )
NET ASSETS 414,633 485,513

CAPITAL AND RESERVES
Called up share capital 1,752 1,752
Fair value reserve 7 239,703 239,703
Retained earnings 173,178 244,058
414,633 485,513

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 25 October 2023 and were signed on its behalf by:




Mr S C Smith - Director


Burghley-Elwick Associates Limited (Registered number: 01000431)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Burghley-Elwick Associates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 01000431

Registered office: 1 Hill Top
Main Street
Burley In Wharfedale
Ilkley
West Yorkshire
LS29 7JW

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, net of VAT.

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to finalisation of work completed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 February 2022
and 31 January 2023 400,000 9,466 409,466
DEPRECIATION
At 1 February 2022
and 31 January 2023 - 9,466 9,466
NET BOOK VALUE
At 31 January 2023 400,000 - 400,000
At 31 January 2022 400,000 - 400,000

Burghley-Elwick Associates Limited (Registered number: 01000431)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 January 2023 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2019 295,917 - 295,917
Cost 104,083 9,466 113,549
400,000 9,466 409,466

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 1,109 5,815
Other debtors 58,498 13,185
59,607 19,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors 6,168 9,651
Taxation and social security 5,895 5,343
Other creditors 59,005 58,917
71,068 73,911

7. RESERVES
Fair
value
reserve
£   
At 1 February 2022
and 31 January 2023 239,703