Caseware UK (AP4) 2023.0.135 2023.0.135 2023-08-312023-08-31true2022-09-01falseDevelopment of building projects22falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 04515218 2022-09-01 2023-08-31 04515218 2021-09-01 2022-08-31 04515218 2023-08-31 04515218 2022-08-31 04515218 c:Director1 2022-09-01 2023-08-31 04515218 d:FreeholdInvestmentProperty 2022-09-01 2023-08-31 04515218 d:FreeholdInvestmentProperty 2023-08-31 04515218 d:FreeholdInvestmentProperty 2022-08-31 04515218 d:CurrentFinancialInstruments 2023-08-31 04515218 d:CurrentFinancialInstruments 2022-08-31 04515218 d:Non-currentFinancialInstruments 2023-08-31 04515218 d:Non-currentFinancialInstruments 2022-08-31 04515218 d:CurrentFinancialInstruments d:WithinOneYear 2023-08-31 04515218 d:CurrentFinancialInstruments d:WithinOneYear 2022-08-31 04515218 d:Non-currentFinancialInstruments d:AfterOneYear 2023-08-31 04515218 d:Non-currentFinancialInstruments d:AfterOneYear 2022-08-31 04515218 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-08-31 04515218 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-08-31 04515218 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-08-31 04515218 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-08-31 04515218 d:UKTax 2022-09-01 2023-08-31 04515218 d:UKTax 2021-09-01 2022-08-31 04515218 d:ShareCapital 2023-08-31 04515218 d:ShareCapital 2022-08-31 04515218 d:RevaluationReserve 2023-08-31 04515218 d:RevaluationReserve 2022-08-31 04515218 d:RetainedEarningsAccumulatedLosses 2023-08-31 04515218 d:RetainedEarningsAccumulatedLosses 2022-08-31 04515218 c:FRS102 2022-09-01 2023-08-31 04515218 c:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 04515218 c:FullAccounts 2022-09-01 2023-08-31 04515218 c:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 04515218 5 2022-09-01 2023-08-31 04515218 e:PoundSterling 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure

Registered number: 04515218









BIRKDALE PROPERTIES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 AUGUST 2023

 
BIRKDALE PROPERTIES LIMITED
 
 
  
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF BIRKDALE PROPERTIES LIMITED
FOR THE YEAR ENDED 31ST AUGUST 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Birkdale Properties Limited for the year ended 31st August 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the director of Birkdale Properties Limited in accordance with the terms of our engagement letter dated 27 August 2024Our work has been undertaken solely to prepare for your approval the financial statements of Birkdale Properties Limited and state those matters that we have agreed to state to the director of Birkdale Properties Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Birkdale Properties Limited and its director for our work or for this report. 

It is your duty to ensure that Birkdale Properties Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Birkdale Properties Limited. You consider that Birkdale Properties Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Birkdale Properties Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Fraser Russell Limited
 
77 Francis Road
Edgbaston
Birmingham
B16 8SP
30 August 2024

BALANCE SHEET
AS AT 31 AUGUST 2023

2023
2022
Note
£
£

Fixed assets
  

Investment property
 5 
1,697,505
1,615,351

  
1,697,505
1,615,351

Current assets
  

Debtors: amounts falling due within one year
 6 
407,832
405,788
Page 1

 
BIRKDALE PROPERTIES LIMITED
 
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023


Cash at bank and in hand
 7 
386,538
462,514

  
794,370
868,302

Creditors: amounts falling due within one year
 8 
(641,104)
(663,640)

Net current assets
  
 
 
153,266
 
 
204,662

Total assets less current liabilities
  
1,850,771
1,820,013

Creditors: amounts falling due after more than one year
 9 
(748,350)
(748,350)

  

Net assets
  
1,102,421
1,071,663


Capital and reserves
  

Called up share capital 
  
2
2

Revaluation reserve
  
1,071,661
797,231

Profit and loss account
  
30,758
274,430

  
1,102,421
1,071,663


Page 2

 
BIRKDALE PROPERTIES LIMITED
REGISTERED NUMBER: 04515218
    
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 August 2024.




Khalid Hussain
Director

The notes on pages 4 to 10 form part of these financial statements.

Page 3

 
BIRKDALE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

1.


General information

Birkdale Properties Limited is a company limited by shares incorporated in England within the United Kingdom, having a registration of 04515218. The address of the registered office is 77 Francis Road, Edgbaston, Birmingham, B16 8SP.The principal activity of the company in the year under review was that of other software publishing.
The financial statements are presented in sterling which is functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements has been prepared on a going concern basis which assumes that the company will continue to receive support from creditors and the director as and when required. 

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 4

 
BIRKDALE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

2.Accounting policies (continued)

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2022 - 2).

Page 5

 
BIRKDALE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

4.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
7,213
10,408


7,213
10,408


Total current tax
7,213
10,408

Deferred tax

Total deferred tax
-
-


Taxation on profit on ordinary activities
7,213
10,408

Factors affecting tax charge for the year

The tax assessed for the year is higher than (2022 - the same as) the standard rate of corporation tax in the UK of 19% (2022 - 19%). The differences are explained below:

2023
2022
£
£


Profit on ordinary activities before tax
37,971
57,723


Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 19% (2022 - 19%)
7,213
10,408

Effects of:

Total tax charge for the year
7,213
10,408


Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 6

 
BIRKDALE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 September 2022
1,615,351


Additions at cost
82,154



At 31st August 2023
1,697,505

The 2023 valuations were made by the directors, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost
1,697,505
1,615,351

1,697,505
1,615,351


6.


Debtors

2023
2022
£
£


Trade debtors
-
18,999

Amounts owed by related party
370,107
359,007

Other debtors
36,464
26,521

Prepayments and accrued income
1,261
1,261

407,832
405,788



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
386,538
462,514

386,538
462,514


Page 7

 
BIRKDALE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
251,647
309,662

Trade creditors
92,834
58,968

Corporation tax
36,756
29,541

Other creditors
169,699
175,301

Accruals and deferred income
90,168
90,168

641,104
663,640



9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
748,350
748,350

748,350
748,350


The following liabilities were secured:

2023
2022
£
£



Bank loans
999,997
1,058,012

999,997
1,058,012

Details of security provided:

The bank loans are secured in favour of the lender via fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings,
fixtures, fixed plant & machinery of the company.

Page 8

 
BIRKDALE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
251,647
309,662


251,647
309,662

Amounts falling due 1-2 years

Bank loans
309,662
309,662


309,662
309,662

Amounts falling due 2-5 years

Bank loans
438,688
438,688


438,688
438,688


999,997
1,058,012


Page 9

 
BIRKDALE PROPERTIES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2023

11.


Related party transactions

The State of the Late Zaheer Hussain and Khalid Hussain are also directors and shareholder of Wickersley Homes Limited.  
During the year the company did not have any transactions with Wickersley Homes Limited.  At the balance sheet date, the company was owed £160,300 (2022: £160,300) from Wickersley Homes Limited which is shown in other debtors due within one year.
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.
The State of the Late Zaheer Hussain and Khalid Hussain are also directors and shareholder of Clough Developments Limited. 
During the year the Clough Developments Limited provided a loan of £1,100 from the company.  At the balance sheet date, the company was owed £25,345 (2022: £24,245) from Clough Developments Limited which is shown in other debtors due within one year.
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.
The State of the Late Zaheer Hussain and Khalid Hussain are also directors and shareholder of Sandal Estates No 1Limited.
 
During the year the company did not have any transactions with Sandal Estates No 1 Limited.  At the balance sheet date, the company was owed £174,462 (2022: £174,462) from Sandal Estates Limited which is shown in other debtors due within one year.
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet.
The State of the Late Zaheer Hussain and Khalid Hussain are also directors and shareholder of Fairleigh Constructions Ltd .
 
During the year the company did not have any transactions with Fairleigh Constructions Ltd.  At the balance sheet date, the company owed £76,250 (2022: £76,250) to Fairleigh Constructions Ltd  which is shown in other creditors due within one year.
The above balance is payable on demand and therefore there are no significant differences between the value of the original loan amount and the initial carrying value of the loan as shown in the balance sheet


12.


Controlling party

During the year, the company was under the control of The State of the Late Zaheer Hussain and Khalid Hussain, who are both the directors and shareholder of the company. 

 
Page 10