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REGISTERED NUMBER: 08355392 (England and Wales)















BIRGAN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023






BIRGAN LIMITED (REGISTERED NUMBER: 08355392)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BIRGAN LIMITED

COMPANY INFORMATION
For The Year Ended 31 MARCH 2023







DIRECTORS: I D White
Mrs J A White





SECRETARY: Mrs J A White





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 08355392 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

BIRGAN LIMITED (REGISTERED NUMBER: 08355392)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 - 514,444

CURRENT ASSETS
Stocks 869,517 -
Debtors 5 - 126,000
Cash at bank 189,016 150,000
1,058,533 276,000
CREDITORS
Amounts falling due within one year 6 279,224 3,633
NET CURRENT ASSETS 779,309 272,367
TOTAL ASSETS LESS CURRENT
LIABILITIES

779,309

786,811

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 779,209 786,711
SHAREHOLDERS' FUNDS 779,309 786,811

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

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

The directors acknowledge their 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.

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:




I D White - Director


BIRGAN LIMITED (REGISTERED NUMBER: 08355392)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 MARCH 2023


1. STATUTORY INFORMATION

Birgan Limited 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.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

3. EMPLOYEES AND DIRECTORS

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

BIRGAN LIMITED (REGISTERED NUMBER: 08355392)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 MARCH 2023


4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 514,444
Reclassification/transfer (514,444 )
At 31 March 2023 -
NET BOOK VALUE
At 31 March 2023 -
At 31 March 2022 514,444

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed by group undertakings - 126,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Amounts owed to group undertakings 270,374 1,663
Other creditors 8,850 1,970
279,224 3,633

7. ULTIMATE CONTROLLING PARTY

The company's parent undertaking is Birgan Holdings Limited. Their registered office address is 8 Church Green East, Redditch, Worcestershire, B98 8BP.

The company's ultimate controlling party is I D White and Mrs J A White, directors acting in concert.