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REGISTERED NUMBER: 09705481 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

CHRISTIAN BURTON LTD

CHRISTIAN BURTON LTD (REGISTERED NUMBER: 09705481)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CHRISTIAN BURTON LTD

Company Information
for the Year Ended 31 July 2023







DIRECTOR: C Burton





REGISTERED OFFICE: Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH





REGISTERED NUMBER: 09705481 (England and Wales)





ACCOUNTANTS: MDJ Services Limited
Unit A6
Chaucer Business Park
Dittons Road
Polegate
East Sussex
BN26 6QH

CHRISTIAN BURTON LTD (REGISTERED NUMBER: 09705481)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 305 374
Investment property 5 3,484,312 3,052,033
3,484,617 3,052,407

CURRENT ASSETS
Debtors 6 2,000 7,000
Cash at bank and in hand 16,436 4,045
18,436 11,045
CREDITORS
Amounts falling due within one year 7 1,480,859 607,371
NET CURRENT LIABILITIES (1,462,423 ) (596,326 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,022,194

2,456,081

CREDITORS
Amounts falling due after more than one
year

8

(1,434,569

)

(1,826,738

)

PROVISIONS FOR LIABILITIES (178,443 ) (135,819 )
NET ASSETS 409,182 493,524

CAPITAL AND RESERVES
Called up share capital 120 120
Fair value reserve 10 389,229 389,229
Retained earnings 10 19,833 104,175
409,182 493,524

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

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

CHRISTIAN BURTON LTD (REGISTERED NUMBER: 09705481)

Balance Sheet - continued
31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 April 2024 and were signed by:





C Burton - Director


CHRISTIAN BURTON LTD (REGISTERED NUMBER: 09705481)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Christian Burton Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents rents receivable net of VAT where applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

Investment property
Investment property, being property that is held either to earn rental income or for capital appreciation or both, is stated at its fair value at the balance sheet date.

Investment property is measured initially at cost including transaction costs and thereafter is stated at fair value, which reflects market conditions at the balance sheet date. Gains and losses arising from changes in the fair value of investment property are included in profit or loss for the period in which they arise.

Investment property is stated at fair value as determined by the director. The fair value represents the amount at which the asset could be sold on the open market in an arms-length transaction at the date of valuation. In assessing the fair value of investment property, the director makes use of historical and current market data.

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.

CHRISTIAN BURTON LTD (REGISTERED NUMBER: 09705481)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 1,149
DEPRECIATION
At 1 August 2022 775
Charge for year 69
At 31 July 2023 844
NET BOOK VALUE
At 31 July 2023 305
At 31 July 2022 374

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 3,052,033
Additions 432,279
At 31 July 2023 3,484,312
NET BOOK VALUE
At 31 July 2023 3,484,312
At 31 July 2022 3,052,033

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2016 32,350
Valuation in 2017 133,000
Valuation in 2018 171,500
Valuation in 2021 480,075
Cost 2,667,387
3,484,312

If investment property had not been revalued it would have been included at the following historical cost:

31.7.23 31.7.22
£    £   
Cost 2,667,387 2,235,108

Investment property was valued on a fair value basis on 31 July 2023 by the director .

CHRISTIAN BURTON LTD (REGISTERED NUMBER: 09705481)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Other debtors 2,000 7,000

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 6,009 5,861
Trade creditors - 3,075
Taxation and social security 442 -
Other creditors 1,474,408 598,435
1,480,859 607,371

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.23 31.7.22
£    £   
Bank loans 1,434,569 1,826,738

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans repayable in more than five years
not by instalments

1,422,624

1,808,784

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 1,440,578 1,832,599

Bank loans are secured by a fixed charge over investment properties and a floating charge over all the property and undertaking of the company.

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 August 2022 104,175 389,229 493,404
Deficit for the year (38,342 ) - (38,342 )
Dividends (46,000 ) - (46,000 )
At 31 July 2023 19,833 389,229 409,062