Company registration number 01475271 (England and Wales)
Burkle Holdings Limited
Unaudited Financial Statements
For the year ended 31 December 2023
PAGES FOR FILING WITH REGISTRAR
Burkle Holdings Limited
Contents
Page
Company information
Balance sheet
1
Notes to the financial statements
2 - 4
Burkle Holdings Limited
Balance sheet
For the year ended 31 December 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Investment property
3
250,000
250,000
Investments
4
40
40
250,040
250,040
Current assets
Debtors
6
385,843
240,121
Investments
7
103,937
91,817
Cash at bank and in hand
514,187
637,650
1,003,967
969,588
Creditors: amounts falling due within one year
8
(15,957)
(24,590)
Net current assets
988,010
944,998
Net assets
1,238,050
1,195,038
Capital and reserves
Called up share capital
103,807
103,807
Profit and loss reserves
1,134,243
1,091,231
Total equity
1,238,050
1,195,038

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered 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 19 July 2024 and are signed on its behalf by:
Mr I Watson FCA
Director
Company registration number 01475271 (England and Wales)
Burkle Holdings Limited
Notes to the Financial Statements
For the year ended 31 December 2023
- 2 -
1
Accounting policies
Company information

Burkle Holdings Limited is a private company limited by shares incorporated in England and Wales. The registered office is Pendragon House, 65 London Road, St Albans, Herts, AL1 1LJ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the rents received and receivable.

1.3
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

1.4
Fixed asset investments

Interests in associates are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

1.5
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Burkle Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
1
Accounting policies
(Continued)
- 3 -
1.6
Financial instruments

The company has elected to apply the provisions of Section 11 and Section 12 of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present fair value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

 

Basic financial liabilities

Basic financial liabilities, which include trade and other payables and bank loans, are initially measured at transaction price and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present fair value of the future receipts discounted at a market rate of interest.

1.7
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Investment property
2023
£
Fair value
At 1 January 2023 and 31 December 2023
250,000
4
Fixed asset investments
2023
2022
£
£
Shares in group undertakings and participating interests
40
40
Burkle Holdings Limited
Notes to the Financial Statements (Continued)
For the year ended 31 December 2023
- 4 -
5
Financial instruments
2023
2022
£
£
Carrying amount of financial assets
Instruments measured at fair value through profit or loss
103,937
91,817
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Corporation tax recoverable
-
0
786
Amounts owed by group undertakings
105,381
9,781
Other debtors
280,462
228,756
Prepayments and accrued income
-
0
798
385,843
240,121

Other debtors include an interest free loan to European Securities Limited of £280,462 (2022 - £228,756)

7
Current asset investments
2023
2022
£
£
Other investments
103,937
91,817
8
Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
15,957
24,590
9
Related party transactions
Transactions with related parties

At the balance sheet date the Company was owed £105.381 (2022 - £9,781) by Sotogrande Securities Limited, the companies immediate and ultimate parent undertaking.

10
Parent company

The immediate and ultimate parent company is Sotogrande Securities Limited.

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