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REGISTERED NUMBER: 10785588 (England and Wales)












Unaudited Financial Statements

For The Year Ended 31 May 2023

for

Burchell Homes Ltd

Burchell Homes Ltd (Registered number: 10785588)






Contents of the Financial Statements
For The Year Ended 31 May 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Burchell Homes Ltd

Company Information
For The Year Ended 31 May 2023







DIRECTOR: Ms S E Burchell





SECRETARY: P Symmonds





REGISTERED OFFICE: 4 St. Clements Road
Harrogate
North Yorkshire
HG2 8LU





REGISTERED NUMBER: 10785588 (England and Wales)





ACCOUNTANTS: Bushells
6 Victoria Avenue
Harrogate
North Yorkshire
HG1 1ED

Burchell Homes Ltd (Registered number: 10785588)

Abridged Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 350,000 350,000
350,000 350,000

CURRENT ASSETS
Debtors 8,546 12,446
Cash at bank 27,400 78,379
35,946 90,825
CREDITORS
Amounts falling due within one year 219,671 279,127
NET CURRENT LIABILITIES (183,725 ) (188,302 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

166,275

161,698

CREDITORS
Amounts falling due after more than one
year

6

184,698

184,671
NET LIABILITIES (18,423 ) (22,973 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (18,523 ) (23,073 )
(18,423 ) (22,973 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Burchell Homes Ltd (Registered number: 10785588)

Abridged Balance Sheet - continued
31 May 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 May 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 February 2024 and were signed by:





S E Burchell - Director


Burchell Homes Ltd (Registered number: 10785588)

Notes to the Financial Statements
For The Year Ended 31 May 2023

1. STATUTORY INFORMATION

Burchell Homes Ltd 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.

The accounts have been prepared on the going concern basis of accounting. The company is considered to be a going concern with the support of the director.

Turnover
Turnover represents amounts receivable on rental agreements.

As the company's primary source of income, rental income is reported within turnover and 2021 rental income, which was previously reported within other operating income, has been re-categorised accordingly.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and equipment - 33% 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 Statement of Income and Retained Earnings, 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.


Burchell Homes Ltd (Registered number: 10785588)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

2. ACCOUNTING POLICIES - continued
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.

Government grants
Capital grants and other contributions received towards the cost of tangible fixed assets are included in creditors as deferred income and credited to the profit and loss account over the life of the asset. Revenue grants are credited to the profit and loss account so as to match them with the expenditure to which they relate. Revenue grants which do not relate to specific expenditure are recognised on receipt.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 June 2022
and 31 May 2023 1,050
DEPRECIATION
At 1 June 2022
and 31 May 2023 1,050
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

Burchell Homes Ltd (Registered number: 10785588)

Notes to the Financial Statements - continued
For The Year Ended 31 May 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 350,000
NET BOOK VALUE
At 31 May 2023 350,000
At 31 May 2022 350,000

The original cost of the investment property was £376,701. The original cost was restated to market value of £350,000 on 18 December 2018 by ECS Group. The director considers that this valuation is still appropriate as at 31 May 2023.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
FIVE YEARS
2023 2022
£    £   
Repayable otherwise than by instalments
Other loans 184,698 184,671

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other loan 184,698 184,671

The loan is secured by way of a legal mortgage against the property.