Caseware UK (AP4) 2022.0.179 2022.0.179 6trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2022-07-01No description of principal activity6true 01103285 2022-07-01 2023-06-30 01103285 2021-07-01 2022-06-30 01103285 2023-06-30 01103285 2022-06-30 01103285 2021-07-01 01103285 1 2022-07-01 2023-06-30 01103285 1 2021-07-01 2022-06-30 01103285 2 2022-07-01 2023-06-30 01103285 2 2021-07-01 2022-06-30 01103285 d:Director1 2022-07-01 2023-06-30 01103285 e:PlantMachinery 2022-07-01 2023-06-30 01103285 e:PlantMachinery 2023-06-30 01103285 e:PlantMachinery 2022-06-30 01103285 e:PlantMachinery e:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 01103285 e:MotorVehicles 2022-07-01 2023-06-30 01103285 e:MotorVehicles 2023-06-30 01103285 e:MotorVehicles 2022-06-30 01103285 e:MotorVehicles e:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 01103285 e:OfficeEquipment 2022-07-01 2023-06-30 01103285 e:OfficeEquipment 2023-06-30 01103285 e:OfficeEquipment 2022-06-30 01103285 e:OfficeEquipment e:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 01103285 e:OwnedOrFreeholdAssets 2022-07-01 2023-06-30 01103285 e:FreeholdInvestmentProperty 2022-07-01 2023-06-30 01103285 e:FreeholdInvestmentProperty 2023-06-30 01103285 e:FreeholdInvestmentProperty 2022-06-30 01103285 e:FreeholdInvestmentProperty 2 2022-07-01 2023-06-30 01103285 e:CurrentFinancialInstruments 2023-06-30 01103285 e:CurrentFinancialInstruments 2022-06-30 01103285 e:Non-currentFinancialInstruments 2023-06-30 01103285 e:Non-currentFinancialInstruments 2022-06-30 01103285 e:CurrentFinancialInstruments e:WithinOneYear 2023-06-30 01103285 e:CurrentFinancialInstruments e:WithinOneYear 2022-06-30 01103285 e:Non-currentFinancialInstruments e:AfterOneYear 2023-06-30 01103285 e:Non-currentFinancialInstruments e:AfterOneYear 2022-06-30 01103285 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2023-06-30 01103285 e:Non-currentFinancialInstruments e:BetweenOneTwoYears 2022-06-30 01103285 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-06-30 01103285 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2022-06-30 01103285 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2023-06-30 01103285 e:Non-currentFinancialInstruments e:MoreThanFiveYears 2022-06-30 01103285 e:ShareCapital 2022-07-01 2023-06-30 01103285 e:ShareCapital 2023-06-30 01103285 e:ShareCapital 2021-07-01 2022-06-30 01103285 e:ShareCapital 2022-06-30 01103285 e:ShareCapital 2021-07-01 01103285 e:InvestmentPropertiesRevaluationReserve 2022-07-01 2023-06-30 01103285 e:InvestmentPropertiesRevaluationReserve 2023-06-30 01103285 e:InvestmentPropertiesRevaluationReserve 1 2022-07-01 2023-06-30 01103285 e:InvestmentPropertiesRevaluationReserve 2 2022-07-01 2023-06-30 01103285 e:InvestmentPropertiesRevaluationReserve 2021-07-01 2022-06-30 01103285 e:InvestmentPropertiesRevaluationReserve 2022-06-30 01103285 e:InvestmentPropertiesRevaluationReserve 2021-07-01 01103285 e:InvestmentPropertiesRevaluationReserve 1 2021-07-01 2022-06-30 01103285 e:InvestmentPropertiesRevaluationReserve 2 2021-07-01 2022-06-30 01103285 e:RetainedEarningsAccumulatedLosses 2022-07-01 2023-06-30 01103285 e:RetainedEarningsAccumulatedLosses 2023-06-30 01103285 e:RetainedEarningsAccumulatedLosses 1 2022-07-01 2023-06-30 01103285 e:RetainedEarningsAccumulatedLosses 2 2022-07-01 2023-06-30 01103285 e:RetainedEarningsAccumulatedLosses 2021-07-01 2022-06-30 01103285 e:RetainedEarningsAccumulatedLosses 2022-06-30 01103285 e:RetainedEarningsAccumulatedLosses 2021-07-01 01103285 e:RetainedEarningsAccumulatedLosses 1 2021-07-01 2022-06-30 01103285 e:RetainedEarningsAccumulatedLosses 2 2021-07-01 2022-06-30 01103285 d:FRS102 2022-07-01 2023-06-30 01103285 d:AuditExempt-NoAccountantsReport 2022-07-01 2023-06-30 01103285 d:FullAccounts 2022-07-01 2023-06-30 01103285 d:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30 01103285 e:HirePurchaseContracts e:WithinOneYear 2023-06-30 01103285 e:HirePurchaseContracts e:WithinOneYear 2022-06-30 01103285 e:HirePurchaseContracts e:BetweenOneFiveYears 2023-06-30 01103285 e:HirePurchaseContracts e:BetweenOneFiveYears 2022-06-30 01103285 2 2022-07-01 2023-06-30 01103285 e:AcceleratedTaxDepreciationDeferredTax 2023-06-30 01103285 e:AcceleratedTaxDepreciationDeferredTax 2022-06-30 01103285 e:TaxLossesCarry-forwardsDeferredTax 2023-06-30 01103285 e:TaxLossesCarry-forwardsDeferredTax 2022-06-30 01103285 e:OtherDeferredTax 2023-06-30 01103285 e:OtherDeferredTax 2022-06-30 01103285 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2023-06-30 01103285 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2022-06-30 01103285 e:LeasedAssetsHeldAsLessee 2023-06-30 01103285 e:LeasedAssetsHeldAsLessee 2022-06-30 iso4217:GBP xbrli:pure

Registered number: 01103285










BURLINGDALE LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

For the Year Ended 30 June 2023

 
BURLINGDALE LIMITED
Registered number: 01103285

STATEMENT OF FINANCIAL POSITION
As at 30 June 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
54,268
59,797

Investment property
 5 
6,165,000
4,434,183

  
6,219,268
4,493,980

Current assets
  

Debtors: amounts falling due within one year
 6 
101,369
102,830

Cash at bank and in hand
  
594,588
797,881

  
695,957
900,711

Creditors: amounts falling due within one year
 7 
(250,843)
(229,468)

Net current assets
  
 
 
445,114
 
 
671,243

Total assets less current liabilities
  
6,664,382
5,165,223

Creditors: amounts falling due after more than one year
 8 
(249,244)
(271,717)

Provisions for liabilities
  

Deferred tax
 11 
(772,989)
(369,019)

  
 
 
(772,989)
 
 
(369,019)

Net assets
  
5,642,149
4,524,487


Capital and reserves
  

Called up share capital 
  
100,000
100,000

Investment property reserve
  
3,161,112
1,916,196

Profit and loss account
  
2,381,037
2,508,291

  
5,642,149
4,524,487

Page 1

 
BURLINGDALE LIMITED
Registered number: 01103285
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
As at 30 June 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 






Lady C Caffyn-Parsons
Director

Date: 31 January 2024

The notes on pages 4 to 13 form part of these financial statements.
Page 2

 
BURLINGDALE LIMITED
 

STATEMENT OF CHANGES IN EQUITY
For the Year Ended 30 June 2023


Called up share capital
Investment property revaluation reserve
Profit and loss account
Total equity

£
£
£
£


At 1 July 2021
100,000
2,137,283
2,746,101
4,983,384


Comprehensive income for the year

Profit for the year

-
-
71,126
71,126

Valuation Movement
-
(142,023)
-
(142,023)


Other comprehensive income for the year
-
(142,023)
-
(142,023)


Total comprehensive income for the year
-
(142,023)
71,126
(70,897)


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(388,000)
(388,000)

Transfer between reserves
-
(79,064)
79,064
-


Total transactions with owners
-
(79,064)
(308,936)
(388,000)



At 1 July 2022
100,000
1,916,196
2,508,291
4,524,487


Comprehensive income for the year

Loss for the year

-
-
(489,094)
(489,094)

Valuation movement
-
1,666,756
-
1,666,756


Other comprehensive income for the year
-
1,666,756
-
1,666,756


Total comprehensive income for the year
-
1,666,756
(489,094)
1,177,662


Contributions by and distributions to owners

Dividends: Equity capital
-
-
(60,000)
(60,000)

Transfer between reserves
-
(421,840)
421,840
-


Total transactions with owners
-
(421,840)
361,840
(60,000)


At 30 June 2023
100,000
3,161,112
2,381,037
5,642,149


The notes on pages 4 to 13 form part of these financial statements.
Page 3

 
BURLINGDALE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2023

1.


General information

The company, which was incorporated and registered in England and Wales (registered number 1103285), is a privately owned company limited by shares. The registered office address is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
BURLINGDALE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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 income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Page 5

 
BURLINGDALE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2023

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis.

Depreciation is provided on the following basis:

Plant & Machinery
-
20%
reducing balance and 25% straight line
Motor Vehicles
-
25%
reducing balance and 25% straight line
Office Equipment
-
20%
and 25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 6

 
BURLINGDALE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2023

2.Accounting policies (continued)

 
2.14

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.

 
2.15

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 7

 
BURLINGDALE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2023

2.Accounting policies (continued)

 
2.16

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 6 (2022 - 6).


4.


Tangible fixed assets





Plant & Machinery
Motor Vehicles
Office Equipment
Total

£
£
£
£



Cost or valuation


At 1 July 2022
60,094
35,601
22,464
118,159


Additions
1,767
7,750
2,569
12,086


Disposals
(4,447)
-
(7,288)
(11,735)



At 30 June 2023

57,414
43,351
17,745
118,510



Depreciation


At 1 July 2022
19,526
23,553
15,283
58,362


Charge for the year on owned assets
9,834
4,143
2,762
16,739


Disposals
(3,571)
-
(7,288)
(10,859)



At 30 June 2023

25,789
27,696
10,757
64,242



Net book value



At 30 June 2023
31,625
15,655
6,988
54,268



At 30 June 2022
40,568
12,048
7,181
59,797

Page 8

 
BURLINGDALE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2023

           4.Tangible fixed assets (continued)

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Plant and machinery
11,940
17,671

11,940
17,671

Page 9

 
BURLINGDALE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2022
4,434,183


Additions at cost
64,061


Surplus on revaluation
1,666,756



At 30 June 2023
6,165,000

The 2023 valuations were made by Curchod & Co Chartered Surveyors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
2,216,645
2,152,584

Accumulated depreciation and impairments
(920,167)
(875,834)

1,296,478
1,276,750
Page 10

 
BURLINGDALE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2023

6.


Debtors

2023
2022
£
£


Trade debtors
75,734
73,012

Other debtors
12,843
10,662

Prepayments and accrued income
12,792
19,156

101,369
102,830



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
18,500
18,500

Trade creditors
41,446
36,573

Corporation tax
-
8,189

Other taxation and social security
12,194
12,115

Obligations under finance lease and hire purchase contracts
6,168
7,578

Other creditors
74,139
52,710

Accruals and deferred income
98,396
93,803

250,843
229,468


The bank loans are secured by a first legal charge over the properties at Albion House, Dorking, High Street, Dorking and The Broadway, Knaphill, along with an all moneys guarantee from Lady C Caffyn-Parsons for £125,000 plus interest and costs. The loan is from Lloyds Bank Plc.


8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
246,085
263,801

Net obligations under finance leases and hire purchase contracts
3,159
7,916

249,244
271,717


The bank loans are secured by a first legal charge over the properties at Albion House, Dorking, High Street, Dorking and The Broadway, Knaphill, along with an all moneys guarantee from Lady C Caffyn-Parsons for £125,000 plus interest and costs. The loan is from Lloyds Bank Plc.

Page 11

 
BURLINGDALE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2023

9.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
18,500
18,500

Amounts falling due 1-2 years

Bank loans
18,500
18,500

Amounts falling due 2-5 years

Bank loans
55,500
55,500

Amounts falling due after more than 5 years

Bank loans
172,085
189,800

264,585
282,300



10.


Hire purchase and finance leases


2023
2022
£
£


Within one year
6,168
7,578

Between 1-5 years
3,159
7,916

9,327
15,494
Page 12

 
BURLINGDALE LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
For the Year Ended 30 June 2023

11.


Deferred taxation




2023
2022


£

£






At beginning of year
(369,019)
(284,674)


Charged to profit or loss
(403,970)
(84,345)



At end of year
(772,989)
(369,019)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(5,783)
(6,465)

Tax losses carried forward
17,188
-

Investment property revaluations
(784,394)
(362,554)

(772,989)
(369,019)

 
Page 13