IRIS Accounts Production v23.3.1.45 08574537 director 1.4.22 31.3.23 31.3.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085745372022-03-31085745372023-03-31085745372022-04-012023-03-31085745372021-03-31085745372021-04-012022-03-31085745372022-03-3108574537ns10:Originalns15:EnglandWales2022-04-012023-03-3108574537ns14:PoundSterlingns10:Original2022-04-012023-03-3108574537ns10:Originalns10:Director12022-04-012023-03-3108574537ns10:Original2022-04-012023-03-3108574537ns10:Original2023-03-3108574537ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3108574537ns10:Originalns10:SmallEntities2022-04-012023-03-3108574537ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3108574537ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3108574537ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3108574537ns10:Originalns10:FullAccounts2022-04-012023-03-3108574537ns10:Originalns10:RegisteredOffice2022-04-012023-03-3108574537ns10:Original2022-03-3108574537ns10:Originalns5:CurrentFinancialInstruments2023-03-3108574537ns10:Originalns5:CurrentFinancialInstruments2022-03-3108574537ns5:ShareCapitalns10:Original2023-03-3108574537ns5:ShareCapitalns10:Original2022-03-3108574537ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3108574537ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3108574537ns10:Original2021-04-012022-03-3108574537ns10:Originalns5:PlantMachinery2022-03-3108574537ns10:Originalns5:MotorVehicles2022-03-3108574537ns10:Originalns5:ComputerEquipment2022-03-3108574537ns10:Original2022-03-3108574537ns10:Originalns5:PlantMachinery2022-04-012023-03-3108574537ns10:Originalns5:MotorVehicles2022-04-012023-03-3108574537ns10:Originalns5:ComputerEquipment2022-04-012023-03-3108574537ns10:Originalns5:PlantMachinery2023-03-3108574537ns10:Originalns5:MotorVehicles2023-03-3108574537ns10:Originalns5:ComputerEquipment2023-03-3108574537ns10:Originalns5:PlantMachinery2022-03-3108574537ns10:Originalns5:MotorVehicles2022-03-3108574537ns10:Originalns5:ComputerEquipment2022-03-3108574537ns10:Originalns5:CostValuation2022-03-3108574537ns10:Originalns5:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3108574537ns10:Originalns5:ImpairmentReversalProvisionsForImpairmentInvestments2023-03-3108574537ns10:Originalns5:CostValuation2023-03-3108574537ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3108574537ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3108574537ns10:Originalns5:DeferredTaxation2022-03-3108574537ns10:Originalns5:DeferredTaxation2023-03-31
REGISTERED NUMBER: 08574537 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

BIRLEYWOOD LIMITED

BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BIRLEYWOOD LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2023







DIRECTOR: D O Wignall





REGISTERED OFFICE: Vermont House
Bradley Lane
Standish
Wigan
WN6 0XF





REGISTERED NUMBER: 08574537 (England and Wales)





ACCOUNTANTS: Fairhurst
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)

STATEMENT OF FINANCIAL POSITION
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 66,570 76,250
Investments 5 50 151,551
Investment property 6 4,604,656 4,794,217
4,671,276 5,022,018

CURRENT ASSETS
Debtors 7 301,530 130,941
Cash at bank and in hand 137,038 76,652
438,568 207,593
CREDITORS
Amounts falling due within one year 8 4,376,777 4,674,990
NET CURRENT LIABILITIES (3,938,209 ) (4,467,397 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

733,067

554,621

PROVISIONS FOR LIABILITIES 9 19,000 19,000
NET ASSETS 714,067 535,621

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 714,065 535,619
714,067 535,621

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 director acknowledges his 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.

BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)

STATEMENT OF FINANCIAL POSITION - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 March 2024 and were signed by:





D O Wignall - Director


BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Birleywood 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.

Preparation of consolidated financial statements
The financial statements contain information about Birleywood Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the net invoice value of services provided.

Tangible fixed assets
Tangible fixed assets are included at cost or valuation less depreciation and impairment.

Depreciation is provided at the following rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Motor vehicles-25% on reducing balance
Computer equipment-15% on reducing balance
Plant & machinery-25% on reducing balance

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

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.

BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Financial instruments
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Short term employee benefits
Short term employee benefits are recognised as an expense in the period in which they are incurred.

Government income
The company has claimed monies from HMRC and local Government as part of the Government COVID-19 grant scheme. This is recognised immediately the benefit becomes due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2022 16,250 85,274 3,310 104,834
Additions 12,000 - - 12,000
At 31 March 2023 28,250 85,274 3,310 116,834
DEPRECIATION
At 1 April 2022 3,356 23,238 1,990 28,584
Charge for year 5,973 15,509 198 21,680
At 31 March 2023 9,329 38,747 2,188 50,264
NET BOOK VALUE
At 31 March 2023 18,921 46,527 1,122 66,570
At 31 March 2022 12,894 62,036 1,320 76,250

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2022 151,551
Permanent diminution in value (109,266 )
Impairments (42,235 )
At 31 March 2023 50
NET BOOK VALUE
At 31 March 2023 50
At 31 March 2022 151,551

BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2022 4,794,217
Additions 438,089
Disposals (627,650 )
At 31 March 2023 4,604,656
NET BOOK VALUE
At 31 March 2023 4,604,656
At 31 March 2022 4,794,217

Investment property comprises of six properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 38,085 22,380
Amounts owed by participating interests 186,604 42,916
Other debtors 34,435 33,148
Prepayments 42,406 32,497
301,530 130,941

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 68,076 45,327
Amounts owed to group undertakings - 139,022
Amounts owed to participating interests - 73,049
Tax 69,101 16,939
Social security and other taxes 32,578 36,632
Other creditors 88,722 59,195
Directors' current accounts 4,097,350 4,302,876
Accrued expenses 20,950 1,950
4,376,777 4,674,990

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 19,000 19,000

BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2023

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2022 19,000
Balance at 31 March 2023 19,000