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REGISTERED NUMBER: 08891105 (England and Wales)















Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2024

for

Burchett Services Limited

Burchett Services Limited (Registered number: 08891105)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 6


Burchett Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: A N Gibson
V J Gibson





SECRETARY: V J Gibson





REGISTERED OFFICE: 4 Burchett Coppice
Wokingham
Berkshire
RG40 4YA





REGISTERED NUMBER: 08891105 (England and Wales)





ACCOUNTANTS: ATS Accounting & Tax Solutions Ltd
6 Corfield Close
Finchampstead
Wokingham
Berkshire
RG40 4PA

Burchett Services Limited (Registered number: 08891105)

Report of the Directors
for the Year Ended 31 March 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of residential property letting.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

A N Gibson
V J Gibson

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





V J Gibson - Director


16 April 2024

Burchett Services Limited (Registered number: 08891105)

Income Statement
for the Year Ended 31 March 2024

2024 2023
Notes £    £   

TURNOVER - -

Administrative expenses 5,982 7,046
(5,982 ) (7,046 )

Other operating income 22,260 21,089
OPERATING PROFIT 16,278 14,043

Interest receivable and similar
income

78

-
16,356 14,043
Gain/loss on revaluation of
investment property

-

(10,000

)
PROFIT BEFORE TAXATION 16,356 4,043

Tax on profit 3,087 768
PROFIT FOR THE FINANCIAL
YEAR

13,269

3,275

Burchett Services Limited (Registered number: 08891105)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 - -
Investment property 6 375,000 375,000
375,000 375,000

CURRENT ASSETS
Cash in hand 19,353 18,983

CREDITORS
Amounts falling due within one
year

7

281,113

292,012
NET CURRENT LIABILITIES (261,760 ) (273,029 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

113,240

101,971

PROVISIONS FOR LIABILITIES 7,945 7,945
NET ASSETS 105,295 94,026

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 104,295 93,026
SHAREHOLDERS' FUNDS 105,295 94,026

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Burchett Services Limited (Registered number: 08891105)

Balance Sheet - continued
31 March 2024


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

The financial statements were approved by the Board of Directors and authorised for issue on 16 April 2024 and were signed on its behalf by:




A N Gibson - Director



V J Gibson - Director


Burchett Services Limited (Registered number: 08891105)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Burchett Services 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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 2 (2023 - 2 ) .

4. DIVIDENDS
2024 2023
£    £   
Interim 2,000 4,000

Burchett Services Limited (Registered number: 08891105)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 April 2023
and 31 March 2024 1,389
DEPRECIATION
At 1 April 2023
and 31 March 2024 1,389
NET BOOK VALUE
At 31 March 2024 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 375,000
NET BOOK VALUE
At 31 March 2024 375,000
At 31 March 2023 375,000

The properties were valued by the directors in 2023 at £375000, based on the sales prices of similar properties in the area. The valuation was not carried out by an independent professional valuer.The deferred tax on the revaluation reserve is based on current tax rates. The combined increase in value of the two properties of £41817, less the deferred tax of £7945, is not distributable but is included under Retained earnings. An amount of £33872 included under Retained earnings is therefore not distributable.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 333,183
Valuation in 2017 42,500
Valuation in 2022 9,317
Valuation in 2023 (10,000 )
375,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 3,030 2,668
Other creditors 278,083 289,344
281,113 292,012