IRIS Accounts Production v24.2.0.383 09073208 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090732082023-06-30090732082024-06-30090732082023-07-012024-06-30090732082022-06-30090732082022-07-012023-06-30090732082023-06-3009073208ns15:EnglandWales2023-07-012024-06-3009073208ns14:PoundSterling2023-07-012024-06-3009073208ns10:Director12023-07-012024-06-3009073208ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3009073208ns10:SmallEntities2023-07-012024-06-3009073208ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3009073208ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3009073208ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3009073208ns10:AbridgedAccounts2023-07-012024-06-3009073208ns10:Director22023-07-012024-06-3009073208ns10:Director32023-07-012024-06-3009073208ns10:RegisteredOffice2023-07-012024-06-3009073208ns5:CurrentFinancialInstruments2024-06-3009073208ns5:CurrentFinancialInstruments2023-06-3009073208ns5:ShareCapital2024-06-3009073208ns5:ShareCapital2023-06-3009073208ns5:RevaluationReserve2024-06-3009073208ns5:RevaluationReserve2023-06-3009073208ns5:RetainedEarningsAccumulatedLosses2024-06-3009073208ns5:RetainedEarningsAccumulatedLosses2023-06-3009073208ns5:ComputerEquipment2023-07-012024-06-3009073208ns5:DeferredTaxation2023-06-3009073208ns5:DeferredTaxation2024-06-3009073208ns5:RevaluationReserve2023-06-30
REGISTERED NUMBER: 09073208 (England and Wales)





























Abridged Unaudited Financial Statements for the Year Ended 30 June 2024

for

Burwood Properties Limited

Burwood Properties Limited (Registered number: 09073208)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Burwood Properties Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr R M Lucas
Mr D M Lucas
Mrs A G Lucas





REGISTERED OFFICE: 183 Newbrook Road
Atherton
M46 9HA





REGISTERED NUMBER: 09073208 (England and Wales)





ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY

Burwood Properties Limited (Registered number: 09073208)

Abridged Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 320,000 320,000
320,000 320,000

CURRENT ASSETS
Debtors 370 397
Cash at bank 16,493 81,154
16,863 81,551
CREDITORS
Amounts falling due within one year (177,064 ) (252,698 )
NET CURRENT LIABILITIES (160,201 ) (171,147 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

159,799

148,853

PROVISIONS FOR LIABILITIES 6 (16,124 ) (16,124 )
NET ASSETS 143,675 132,729

CAPITAL AND RESERVES
Called up share capital 7 100 100
Revaluation reserve 8 68,741 68,741
Retained earnings 74,834 63,888
SHAREHOLDERS' FUNDS 143,675 132,729

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Burwood Properties Limited (Registered number: 09073208)

Abridged Balance Sheet - continued
30 June 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 August 2024 and were signed on its behalf by:





Mr R M Lucas - Director


Burwood Properties Limited (Registered number: 09073208)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Burwood Properties 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

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 Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Burwood Properties Limited (Registered number: 09073208)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023
and 30 June 2024 699
DEPRECIATION
At 1 July 2023
and 30 June 2024 699
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 320,000
NET BOOK VALUE
At 30 June 2024 320,000
At 30 June 2023 320,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2020 4,865
Valuation in 2021 40,000
Valuation in 2022 20,000
Valuation in 2023 20,000
Cost 235,135
320,000

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Revaluation of investment properties 16,124 16,124

Deferred
tax
£   
Balance at 1 July 2023 16,124
Balance at 30 June 2024 16,124

Burwood Properties Limited (Registered number: 09073208)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
Value:
30 'A' Ordinary £1 30 30
25 'B' Ordinary £1 25 25
20 'C' Ordinary £1 20 20
10 'D' Ordinary £1 10 10
10 'E' Ordinary £1 10 10
5 'F' Ordinary £1 5 5
100 100

The 'A' to 'F' Ordinary shares rank pari passu in all respects.

8. RESERVES
Revaluation
reserve
£   
At 1 July 2023
and 30 June 2024 68,741

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditor amounts falling due within one year £173,031 (2023 £246,951) owed to Mr R M Lucas, a director of the company.