Registered number
04687555
Burlington Associates Limited
Unaudited Filleted Accounts
31 July 2023
Burlington Associates Limited
Registered number: 04687555
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,808 4,159
Current assets
Debtors 4 176,416 190,851
Investments held as current assets 5 29,015 29,015
Cash at bank and in hand 294,030 414,843
499,461 634,709
Creditors: amounts falling due within one year 6 (277,501) (415,415)
Net current assets 221,960 219,294
Net assets 224,768 223,453
Capital and reserves
Called up share capital 20,800 20,800
Profit and loss account 203,968 202,653
Shareholders' funds 224,768 223,453
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of the financial statements.
The financial statements have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved and authorised for issue by the board on :
Mandeep Panesar
Director
Signed on behalf of the board on 30 September 2023
Burlington Associates Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
Burlington Associates Limited is a private company limited by shares incorporated in England within the United Kingdom. The registration number and the address of the registered office is given in the company information on page 1 of these financial statements. The company's principle place of business is at 30 Crown Place, London, England, EC2A 4EB.

The financial statements cover the individual entity, are presented in sterling which is the functional currency of the company and are rounded to the nearest round.

The financial statements have been prepared under the historical cost convention and in accordance with FRS 102 1A (this is the company's first time adoption and there is no transition adjustment to report), The Financial Reporting Standard applicable in the UK and Republic of Ireland.

The significant accounting policies applied in the preparation of these financial statements are set out below.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment 25% straight line
Fixtures, fittings, tools and equipment 20% straight line
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 10
3 Tangible fixed assets
Computer equipment Fixtures, fittings & equipment Total
£ £ £
Cost
At 1 August 2022 31,323 2,153 33,476
Additions 668 385 1,053
At 31 July 2023 31,991 2,538 34,529
Depreciation
At 1 August 2022 27,164 2,153 29,317
Charge for the year 2,308 96 2,404
At 31 July 2023 29,472 2,249 31,721
Net book value
At 31 July 2023 2,519 289 2,808
At 31 July 2022 4,159 - 4,159
4 Debtors 2023 2022
£ £
Prepayments and accrued income 150,040 164,475
Other debtors 26,376 26,376
176,416 190,851
5 Investments held as current assets 2023 2022
£ £
Fair value
Unlisted investments 29,015 29,015
6 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 42,708 94,875
Taxation and social security costs 13,526 15,354
Other creditors 221,267 305,186
277,501 415,415
7 Other financial commitments 2023 2022
£ £
Total future minimum payments under non-cancellable operating leases 276,924 451,408
8 Related party transactions 2023 2022
£ £
Key management personnel of the entity
Amount due to related party 121,543 120,165
Commission payable 478,384 460,570
9 Controlling party
There is no ultimate controlling party.
10 Other information
Burlington Associates Limited is a private company limited by shares and incorporated in England. Its registered office is:
30 Crown Place
London
England
EC2A 4EB
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