Company Registration No. 04596400 (England and Wales)
Burhill Investments UK Limited
Unaudited accounts
for the year ended 31 December 2023
Burhill Investments UK Limited
Unaudited accounts
Contents
Burhill Investments UK Limited
Company Information
for the year ended 31 December 2023
Company Number
04596400 (England and Wales)
Registered Office
FIRST FLOOR 25 CHERTSEY ROAD
CHOBHAM
WOKING
GU24 8PD
ENGLAND
Burhill Investments UK Limited
Statement of financial position
as at 31 December 2023
Investment property
515,661
515,661
Creditors: amounts falling due within one year
(38,137)
(42,019)
Net current liabilities
(36,649)
(42,019)
Total assets less current liabilities
479,012
473,642
Creditors: amounts falling due after more than one year
(509,856)
(509,856)
Provisions for liabilities
Deferred tax
(22,148)
(22,148)
Net liabilities
(52,992)
(58,362)
Called up share capital
100
100
Profit and loss account
(53,092)
(58,462)
Shareholders' funds
(52,992)
(58,362)
For the year ending 31 December 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 director acknowledges her 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 and authorised for issue on 9 August 2024 and were signed on its behalf by
Ms P Hill
Director
Company Registration No. 04596400
Burhill Investments UK Limited
Notes to the Accounts
for the year ended 31 December 2023
Burhill Investments UK Limited is a private company, limited by shares, registered in England and Wales, registration number 04596400. The registered office is FIRST FLOOR 25 CHERTSEY ROAD, CHOBHAM, WOKING, GU24 8PD, ENGLAND.
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.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 January 2023
515,661
At 31 December 2023
515,661
The property, 274 Mytchett Road, was valued at £500,000, by Connells Survey & Valuation Limited on 22 February 2018.
Burhill Investments Limited has an investments in Passford Farm. The main building was sold in March 2020. All future proceeds from the remainder of the property will be shared in this proportion to recover the balance of the investment (£15,661).
Amounts falling due within one year
Amounts due from group undertakings etc.
1,488
-
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
12,350
16,042
Taxes and social security
10,269
11,069
Loans from directors
8,517
8,517
Burhill Investments UK Limited
Notes to the Accounts
for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
509,856
509,856
Long term creditors comprise:
Interest only mortgage for £403,860 secured by a first charge over the investment property, 274 Mytchett Road, Camberley.3
Unpaid amount to HSBC Bank (2003) for £105,996. Despite being secured by a fixed & floating charge against all assets, this debt is prescribed, having not been called by the issuer since 2004.
8
Average number of employees
During the year the average number of employees was 1 (2022: 1).