Burlington Gardens Real Estate Limited 14170434 false 2022-06-14 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 14170434 2022-06-14 2023-06-30 14170434 2023-06-30 14170434 bus:OrdinaryShareClass1 2023-06-30 14170434 core:CurrentFinancialInstruments core:WithinOneYear 2023-06-30 14170434 bus:SmallEntities 2022-06-14 2023-06-30 14170434 bus:AuditExemptWithAccountantsReport 2022-06-14 2023-06-30 14170434 bus:FullAccounts 2022-06-14 2023-06-30 14170434 bus:SmallCompaniesRegimeForAccounts 2022-06-14 2023-06-30 14170434 bus:RegisteredOffice 2022-06-14 2023-06-30 14170434 bus:Director1 2022-06-14 2023-06-30 14170434 bus:OrdinaryShareClass1 2022-06-14 2023-06-30 14170434 bus:PrivateLimitedCompanyLtd 2022-06-14 2023-06-30 14170434 countries:AllCountries 2022-06-14 2023-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14170434

Burlington Gardens Real Estate Limited

Annual Report and Unaudited Financial Statements

for the Period from 14 June 2022 to 30 June 2023

Pages for Filing with Registrar

 

Burlington Gardens Real Estate Limited

(Registration number: 14170434)
Balance Sheet as at 30 June 2023

Note

2023
£

Current assets

 

Stock

5

182,844

Creditors: Amounts falling due within one year

6

(118,234)

Net assets

 

64,610

Capital and reserves

 

Called up share capital

7

100

Retained earnings

64,510

Shareholders' funds

 

64,610

For the financial period 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 period 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 Real Estate Limited

Notes to the Unaudited Financial Statements for the Period from 14 June 2022 to 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 financial statements have been prepared on a going concern basis.

Turnover recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

 

Burlington Gardens Real Estate Limited

Notes to the Unaudited Financial Statements for the Period from 14 June 2022 to 30 June 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Properties held for resale

Properties held for resale are valued at the lower of cost and net realisable value. Net realisable value
is deemed to be estimated sales proceeds less attributable costs.

The cost of properties held for resale comprises direct purchase costs and, where applicable, direct
labour costs and those overheads that have been incurred in bringing the properties held for resale to
their present condition. At each reporting date, properties held for resale are assessed for impairment.
If properties held for resale 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.

 

Burlington Gardens Real Estate Limited

Notes to the Unaudited Financial Statements for the Period from 14 June 2022 to 30 June 2023

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

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.

4

Staff numbers

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

5

Stock

2023
£

Stock

182,844

6

Creditors

2023
£

Due within one year

 

Amounts owed to group

98,671

Taxation and social security

 

16,563

Other creditors

 

3,000

 

118,234

 

Burlington Gardens Real Estate Limited

Notes to the Unaudited Financial Statements for the Period from 14 June 2022 to 30 June 2023

7

Share capital

Allotted, called up and fully paid shares

 

2023

 

No.

£

Ordinary shares of £1 each

100

100

     

8

Dividends

There were no dividends paid or proposed in either the current year or the previous year.