Company Registration No. SC711544 (Scotland)
BURALEO LIMITED
Unaudited accounts
for the year ended 31 October 2023
BURALEO LIMITED
Unaudited accounts
Contents
BURALEO LIMITED
Company Information
for the year ended 31 October 2023
Directors
Louie Peters
Arnulf Alfonso Denis Piffaretti
Secretary
MBM Secretarial Services Limited
Company Number
SC711544 (Scotland)
Registered Office
SUITE 2, GROUND FLOOR ORCHARD BRAE HOUSE
30 QUEENSFERRY ROAD
EDINBURGH
EH4 2HS
UNITED KINGDOM
Accountants
Sleek Accounting Ltd
107 Kirkgate
Leeds
West Yorkshire
LS1 6DP
BURALEO LIMITED
Statement of financial position
as at 31 October 2023
Intangible assets
-
112,703
Cash at bank and in hand
13,428
12,166
Creditors: amounts falling due within one year
(968)
(1,279)
Net current assets
52,084
12,175
Total assets less current liabilities
261,902
124,878
Creditors: amounts falling due after more than one year
(336,154)
(250,000)
Net liabilities
(74,252)
(125,122)
Called up share capital
1
1
Profit and loss account
(74,253)
(125,123)
Shareholders' funds
(74,252)
(125,122)
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
Arnulf Alfonso Denis Piffaretti
Director
Company Registration No. SC711544
BURALEO LIMITED
Notes to the Accounts
for the year ended 31 October 2023
BURALEO LIMITED is a private company, limited by shares, registered in Scotland, registration number SC711544. The registered office is SUITE 2, GROUND FLOOR ORCHARD BRAE HOUSE, 30 QUEENSFERRY ROAD, EDINBURGH, EH4 2HS, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Amortisation has been charged based on a useful life of 10 years
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
BURALEO LIMITED
Notes to the Accounts
for the year ended 31 October 2023
4
Intangible fixed assets
Other
At 1 November 2022
121,091
At 31 October 2022
112,703
5
Investments
Subsidiary undertakings
Valuation at 1 November 2022
-
Valuation at 31 October 2023
209,818
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Buraleo Spain Real Estate Sociedad Limitada, a company registered in Valence.
The registered office of the above entity is Reino De Valencia, 6 - 46005.
100% of the voting rights and shares are held.
The principal activity of Buraleo Spain Real Estate Sociedad Limitada is Real estate and industrial property services.
Amounts falling due within one year
Other debtors
17,680
1,288
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2023
2022
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
336,154
250,000
BURALEO LIMITED
Notes to the Accounts
for the year ended 31 October 2023
Allotted, called up and fully paid:
1,000,000 Ordinary shares of £0.000001 each
1
1
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).