Caseware UK (AP4) 2022.0.179 2022.0.179 2023-04-302023-04-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.42022-05-01falseNo description of principal activity6truetrue 10112974 2022-05-01 2023-04-30 10112974 2021-05-01 2022-04-30 10112974 2023-04-30 10112974 2022-04-30 10112974 c:Director1 2022-05-01 2023-04-30 10112974 c:Director2 2022-05-01 2023-04-30 10112974 d:FurnitureFittings 2022-05-01 2023-04-30 10112974 d:FurnitureFittings 2023-04-30 10112974 d:FurnitureFittings 2022-04-30 10112974 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 10112974 d:ComputerEquipment 2022-05-01 2023-04-30 10112974 d:ComputerEquipment 2023-04-30 10112974 d:ComputerEquipment 2022-04-30 10112974 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 10112974 d:OwnedOrFreeholdAssets 2022-05-01 2023-04-30 10112974 d:CurrentFinancialInstruments 2023-04-30 10112974 d:CurrentFinancialInstruments 2022-04-30 10112974 d:Non-currentFinancialInstruments 2023-04-30 10112974 d:Non-currentFinancialInstruments 2022-04-30 10112974 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10112974 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 10112974 d:Non-currentFinancialInstruments d:AfterOneYear 2023-04-30 10112974 d:Non-currentFinancialInstruments d:AfterOneYear 2022-04-30 10112974 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-04-30 10112974 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2022-04-30 10112974 d:ShareCapital 2023-04-30 10112974 d:ShareCapital 2022-04-30 10112974 d:RetainedEarningsAccumulatedLosses 2023-04-30 10112974 d:RetainedEarningsAccumulatedLosses 2022-04-30 10112974 c:OrdinaryShareClass1 2022-05-01 2023-04-30 10112974 c:OrdinaryShareClass1 2023-04-30 10112974 c:OrdinaryShareClass1 2022-04-30 10112974 c:FRS102 2022-05-01 2023-04-30 10112974 c:AuditExempt-NoAccountantsReport 2022-05-01 2023-04-30 10112974 c:FullAccounts 2022-05-01 2023-04-30 10112974 c:PrivateLimitedCompanyLtd 2022-05-01 2023-04-30 10112974 2 2022-05-01 2023-04-30 10112974 6 2022-05-01 2023-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10112974









BURLINGTON GREEN PARTNERS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2023

 
BURLINGTON GREEN PARTNERS LIMITED
REGISTERED NUMBER: 10112974

BALANCE SHEET
AS AT 30 APRIL 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,231
12,694

Fixed asset investments
  
334,060
361,541

  
345,291
374,235

Current assets
  

Debtors: amounts falling due within one year
 6 
260,960
567,344

Cash at bank and in hand
 7 
407,253
1,429,450

  
668,213
1,996,794

Creditors: amounts falling due within one year
 8 
(29,963)
(444,424)

Net current assets
  
 
 
638,250
 
 
1,552,370

Total assets less current liabilities
  
983,541
1,926,605

Creditors: amounts falling due after more than one year
 9 
-
(250,000)

  

Net assets
  
983,541
1,676,605


Capital and reserves
  

Called up share capital 
 11 
2
2

Profit and loss account
  
983,539
1,676,603

  
983,541
1,676,605


Page 1

 
BURLINGTON GREEN PARTNERS LIMITED
REGISTERED NUMBER: 10112974
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A Green
A Velleman
Director
Director


Date: 7 February 2024

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
BURLINGTON GREEN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1.


General information

Burlington Green Partners Limited is a private company by shares and incorporated in England and Wales (registered number: 10112974). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. The principal place of business address is 3rd Floor, 14-16 Great Pulteney Street, London, W1F 9ND.
The principal activity of the company continued to be that of property investment and development advisory services.
The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
BURLINGTON GREEN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
25%
straight line method
Computer equipment
-
33%
reducing balance method

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of Comprehensive Income in the same period as the related expenditure.

Page 4

 
BURLINGTON GREEN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
BURLINGTON GREEN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.10

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

Defined benefit pension plan

The Company operates a defined benefit plan for certain employees. A defined benefit plan defines the pension benefit that the employee will receive on retirement, usually dependent upon several factors including but not limited to age, length of service and remuneration. A defined benefit plan is a pension plan that is not a defined contribution plan.

The liability recognised in the Balance Sheet in respect of the defined benefit plan is the present value of the defined benefit obligation at the end of the balance sheet date less the fair value of plan assets at the balance sheet date (if any) out of which the obligations are to be settled.

The defined benefit obligation is calculated using the projected unit credit method. Annually the company engages independent actuaries to calculate the obligation. The present value is determined by discounting the estimated future payments using market yields on high quality corporate bonds that are denominated in sterling and that have terms approximating to the estimated period of the future payments ('discount rate').

The fair value of plan assets is measured in accordance with the FRS 102 fair value hierarchy and in accordance with the Company's policy for similarly held assets. This includes the use of appropriate valuation techniques.

Actuarial gains and losses arising from experience adjustments and changes in actuarial assumptions are charged or credited to other comprehensive income. These amounts together with the return on plan assets, less amounts included in net interest, are disclosed as 'Remeasurement of net defined benefit liability'.

The cost of the defined benefit plan, recognised in profit or loss as employee costs, except where included in the cost of an asset, comprises:

a) the increase in net pension benefit liability arising from employee service during the period; and

b) the cost of plan introductions, benefit changes, curtailments and settlements.

The net interest cost is calculated by applying the discount rate to the net balance of the defined benefit obligation and the fair value of plan assets. This cost is recognised in profit or loss as a 'finance expense'.

 
2.11

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 6

 
BURLINGTON GREEN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

2.Accounting policies (continued)

 
2.12

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.13

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 4).


4.


Tangible fixed assets





Fixtures and fittings
Computer equipment
Total

£
£
£



Cost or valuation


At 1 May 2022
16,365
5,618
21,983


Additions
3,764
-
3,764



At 30 April 2023

20,129
5,618
25,747



Depreciation


At 1 May 2022
4,092
5,198
9,290


Charge for the year on owned assets
4,806
420
5,226



At 30 April 2023

8,898
5,618
14,516



Net book value



At 30 April 2023
11,231
-
11,231



At 30 April 2022
12,274
420
12,694

Page 7

 
BURLINGTON GREEN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

5.


Fixed asset investments





Unlisted investments

£



Cost or valuation


Additions
434,060


Disposals
(100,000)



At 30 April 2023
334,060





6.


Debtors

2023
2022
£
£


Trade debtors
-
213,000

Other debtors
254,293
351,012

Prepayments and accrued income
6,667
3,332

260,960
567,344



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
407,253
1,429,450

407,253
1,429,450


Page 8

 
BURLINGTON GREEN PARTNERS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
15,316
7,482

Corporation tax
9,765
344,486

Other taxation and social security
-
59,255

Other creditors
1,382
27,201

Accruals and deferred income
3,500
6,000

29,963
444,424



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
-
250,000

-
250,000



10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£




Amounts falling due after more than 5 years

Bank loans
-
250,000

-
250,000

-
250,000



11.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



2 (2022 - 2) Ordinary shares of £1.00 each
2
2


 
Page 9