Registered number
01115607
Burlington Lodge Limited
Unaudited Filleted Accounts
31 December 2023
Burlington Lodge Limited
Registered number: 01115607
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1 1
Current assets
Debtors 4 1,518 1,054
Cash at bank and in hand 113,974 128,903
115,492 129,957
Creditors: amounts falling due within one year 5 (41,558) (38,358)
Net current assets 73,934 91,599
Net assets £ 73,935 £ 91,600
Capital and reserves
Called up share capital 14 14
Profit and loss account 73,921 91,586
Shareholders' funds £ 73,935 £ 91,600
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 accounts.
The accounts 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.
C G Thomas
Director
Approved by the board on 5 March 2024
Burlington Lodge Limited
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises of the service charges, parking levies and sinking fund receivable from tenant leaseholders.
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 income tax payable by the trustees of the statutory trust imposed on the service charge account and sinking fund monies collected for the maintenance of the building by virtue of S.42 of The Landlord & Tenants Act 1987.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible freehold property 2023 2022
£ £
At cost in 1978, including conversion expenses 149,780 149,780
Less: Amounts received on granting 999 years leases to members (149,779) (149,779)
£ 1 £ 1
4 Debtors 2023 2022
£ £
Prepayments £ 1,518 £ 1,054
5 Creditors: amounts falling due within one year 2023 2022
£ £
Tenants' service charges in advance 37,411 36,164
Trust income tax payable 327 36
Sundry accruals 3,820 2,158
£ 41,558 £ 38,358
6 Other information
Burlington Lodge Limited is a private company limited by shares and incorporated in England. Its registered office is:
6 Burlington Lodge Studios
48 Rigault Road
London
SW6 4JJ
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