Burlington Gardens Limited 11554078 false 2022-07-01 2023-06-30 2023-06-30 The principal activity of the company is the buying and selling of own real estate. Digita Accounts Production Advanced 6.30.9574.0 true true 11554078 2022-07-01 2023-06-30 11554078 2023-06-30 11554078 core:RetainedEarningsAccumulatedLosses 2023-06-30 11554078 core:ShareCapital 2023-06-30 11554078 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 11554078 bus:SmallEntities 2022-07-01 2023-06-30 11554078 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 11554078 bus:FullAccounts 2022-07-01 2023-06-30 11554078 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 11554078 bus:RegisteredOffice 2022-07-01 2023-06-30 11554078 bus:Director1 2022-07-01 2023-06-30 11554078 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 11554078 countries:AllCountries 2022-07-01 2023-06-30 11554078 2021-07-01 2022-06-30 11554078 2022-06-30 11554078 core:RetainedEarningsAccumulatedLosses 2022-06-30 11554078 core:ShareCapital 2022-06-30 11554078 core:CurrentFinancialInstruments core:WithinOneYear 2022-06-30 iso4217:GBP xbrli:pure

Registration number: 11554078

Burlington Gardens Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 June 2023

Pages for Filing with Registrar

 

Burlington Gardens Limited

(Registration number: 11554078)
Balance Sheet as at 30 June 2023

Note

2023
£

2022
£

Creditors: Amounts falling due within one year

5

(60,618)

(58,968)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(60,718)

(59,068)

Shareholders' deficit

 

(60,618)

(58,968)

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 9 February 2024 and signed on its behalf by:
 

.........................................

JS Jackson
Director

 

Burlington Gardens Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

1

General information

The Company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
44 Fulham High Street
London
SW6 3LQ
England

Principal activity

The principal activity of the Company is the buying and selling of own real estate.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company is dependent on the support of its parent company to continue as a going concern. Confirmation of this support has been provided and the directors consider it appropriate to prepare the accounts on a going concern basis.

Should the support not continue, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current and long term liabilities as current liabilities.

 

Burlington Gardens Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

Stock

Stock are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stock are assessed for impairment. If stock are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the Company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Significant judgements and estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.

 

Burlington Gardens Limited

Notes to the Financial Statements for the Year Ended 30 June 2023

4

Staff numbers

The average number of persons employed by the Company (including directors) during the year, was 0 (2022 - 0).

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Amounts owed to group undertakings

58,968

57,468

Other creditors

1,650

1,500

60,618

58,968