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REGISTERED NUMBER: 02042825 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Burstchase Limited

Burstchase Limited (Registered number: 02042825)






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


Burstchase Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: S C Payne
S J Payne
K L Tarrant
S D Shepherd





SECRETARY: K L Tarrant





REGISTERED OFFICE: 17 Pitts Lane
Earley
Reading
Berkshire
RG6 1BX





REGISTERED NUMBER: 02042825 (England and Wales)

Burstchase Limited (Registered number: 02042825)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - -
Investments 5 116,027 148,139
Investment property 6 925,000 950,000
1,041,027 1,098,139

CURRENT ASSETS
Debtors 7 - 13,680
Cash at bank 15,303 71,852
15,303 85,532
CREDITORS
Amounts falling due within one year 8 35,426 34,201
NET CURRENT (LIABILITIES)/ASSETS (20,123 ) 51,331
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,020,904

1,149,470

CREDITORS
Amounts falling due after more than one
year

9

(125,866

)

(145,877

)

PROVISIONS FOR LIABILITIES (101,690 ) (118,517 )
NET ASSETS 793,348 885,076

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 793,148 884,876
SHAREHOLDERS' FUNDS 793,348 885,076

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.

Burstchase Limited (Registered number: 02042825)

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 20 November 2023 and were signed on its behalf by:





S C Payne - Director


Burstchase Limited (Registered number: 02042825)

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

1. STATUTORY INFORMATION

Burstchase 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.

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 etc - 50% on cost and 20% on cost

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.

Fixed asset investments
Fixed asset investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Burstchase Limited (Registered number: 02042825)

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

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2022
and 31 March 2023 4,513
DEPRECIATION
At 1 April 2022
and 31 March 2023 4,513
NET BOOK VALUE
At 31 March 2023 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2022 148,139
Disposals (35,935 )
Revaluations 3,823
At 31 March 2023 116,027
NET BOOK VALUE
At 31 March 2023 116,027
At 31 March 2022 148,139

Cost or valuation at 31 March 2023 is represented by:

Other
investments
£   
Valuation in 2018 (3,471 )
Valuation in 2019 3,690
Valuation in 2020 (359 )
Valuation in 2021 38
Valuation in 2022 (9,741 )
Valuation in 2023 3,874
Cost 121,996
116,027

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 121,996 157,982

Fixed asset investments were valued on an open market basis on 31 March 2023 by the directors .

Burstchase Limited (Registered number: 02042825)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 950,000
Additions 42,312
Revaluations (67,312 )
At 31 March 2023 925,000
NET BOOK VALUE
At 31 March 2023 925,000
At 31 March 2022 950,000

Fair value at 31 March 2023 is represented by:
£   
Valuation in 2002 70,000
Valuation in 2007 140,000
Valuation in 2010 (25,000 )
Valuation in 2013 50,000
Valuation in 2016 32,287
Valuation in 2018 (185,000 )
Valuation in 2019 405,000
Valuation in 2022 (13,212 )
Valuation in 2023 (67,312 )
Cost 518,237
925,000

If Investment properties had not been revalued they would have been included at the following historical cost:

31.3.23 31.3.22
£    £   
Cost 518,237 475,925

Investment properties were valued on an open market basis on 31 March 2023 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors - 13,680

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 19,364 17,162
Trade creditors 438 2,059
Taxation and social security 1,533 888
Other creditors 14,091 14,092
35,426 34,201

Burstchase Limited (Registered number: 02042825)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 125,866 145,877

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5yrs 48,410 77,229

10. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank loans 145,230 163,039

Bank borrowings are secured by a fixed and floating charge over all the company's assets.

11. ULTIMATE CONTROLLING PARTY

There is no singular controlling party.