Registration number:
Burtenshaw Properties Limited
for the Year Ended 30 November 2023
Burtenshaw Properties Limited
(Registration number: 10494970)
Balance Sheet as at 30 November 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Fair value reserve |
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Profit and loss account |
( |
( |
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Total equity |
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For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The director acknowledges his 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 and the option not to file the Director's Report and the Profit and Loss Account has been taken.
Burtenshaw Properties Limited
(Registration number: 10494970)
Balance Sheet as at 30 November 2023 (continued)
These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the
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Director
Burtenshaw Properties Limited
Notes to the Financial Statements for the Year Ended 30 November 2023
Accounting policies |
Statutory information
Burtenshaw Properties Limited is a private company, limited by shares, domiciled in England and Wales, company number 10494970. The registered office is at 59 Hadfield Street, Sheffield, S6 3RR.
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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the provision of accommodation in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.
Tax
The tax expense for the period comprises current and deferred 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.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used.
Burtenshaw Properties Limited
Notes to the Financial Statements for the Year Ended 30 November 2023 (continued)
1 |
Accounting policies (continued) |
Investment properties
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.
Investment properties whose fair value can be measured reliably are measured at fair value. The surplus or deficit on revaluation is recognised in the profit and loss account and accumulated in the profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible assets |
Investment properties |
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Valuation |
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At 1 December 2022 |
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Additions |
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At 30 November 2023 |
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Carrying amount |
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At 30 November 2023 |
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At 30 November 2022 |
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Revaluation
Burtenshaw Properties Limited
Notes to the Financial Statements for the Year Ended 30 November 2023 (continued)
3 |
Tangible assets (continued) |
The fair value of the company's investment properties were revalued on
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £
Debtors |
2023 |
2022 |
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Prepayments |
- |
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Other debtors |
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100 |
46,326 |
Creditors |
2023 |
2022 |
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Due within one year |
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Other creditors |
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Accruals |
1,100 |
980 |
Director's current account |
48,941 |
- |
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2023 |
2022 |
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Due after one year |
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Loans and borrowings |
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The loans and borrowings are secured against the assets of the company.
Included in the loans and borrowings are the following amounts due after more than five years:
2023 |
2022 |
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Due after more than five years |
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After more than five years by instalments |
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- |
- |
Related party transactions |
Included in creditors is a directors loan balance of £48,941 (2022: (£45,976)). This loan was interest free.