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REGISTERED NUMBER: 13004109 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 30 November 2023

for

BURNHAM WATERS LTD

BURNHAM WATERS LTD (Registered number: 13004109)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

BURNHAM WATERS LTD

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Miss K M Chambers
R S I Holloway
J Mocock





REGISTERED OFFICE: Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ





REGISTERED NUMBER: 13004109 (England and Wales)





ACCOUNTANTS: Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ

BURNHAM WATERS LTD (Registered number: 13004109)

Balance Sheet
30 November 2023

30.11.23 30.11.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,833,790 5,200,000

CURRENT ASSETS
Stocks 5 20,470,418 6,154,766
Debtors 6 3,570,816 1,336,383
Cash at bank and in hand 990 2,989
24,042,224 7,494,138
CREDITORS
Amounts falling due within one year 7 2,582,099 1,480,214
NET CURRENT ASSETS 21,460,125 6,013,924
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,293,915

11,213,924

CREDITORS
Amounts falling due after more than one
year

8

25,197,995

9,262,444
NET ASSETS 2,095,920 1,951,480

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Revaluation reserve 9 2,866,362 2,866,362
Retained earnings (771,442 ) (915,882 )
2,095,920 1,951,480

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

BURNHAM WATERS LTD (Registered number: 13004109)

Balance Sheet - continued
30 November 2023


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

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

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:





Miss K M Chambers - Director


BURNHAM WATERS LTD (Registered number: 13004109)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

BURNHAM WATERS LTD 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.

Turnover
Turnover represents the value of sales to customers, net of discounts, allowances, volume and promotional rebates and other payments to customers and excludes VAT. Sale of goods are recognised when the company has delivered product to the customer, the customer has accepted the products and collectability of the related receivable is reasonably assured.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Long term contracts are stated at net cost less foreseeable losses less any applicable payments on account. The amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of the work carried out to date. Attributable profit is recognised as the difference between recorded turnover and related costs.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 (2022 - 3 ) .

BURNHAM WATERS LTD (Registered number: 13004109)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 December 2022 5,200,000
Additions 633,790
At 30 November 2023 5,833,790
NET BOOK VALUE
At 30 November 2023 5,833,790
At 30 November 2022 5,200,000

5. STOCKS
30.11.23 30.11.22
as restated
£    £   

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
as restated
£    £   
Trade debtors 53,280 -
Other debtors 3,517,536 1,336,383
3,570,816 1,336,383

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
as restated
£    £   
Trade creditors 1,234,623 111,940
Other creditors 1,347,476 1,368,274
2,582,099 1,480,214

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
as restated
£    £   
Bank loans 25,197,995 9,262,444

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 25,197,995 9,262,444

BURNHAM WATERS LTD (Registered number: 13004109)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. RESERVES
Revaluation
reserve
£   
At 1 December 2022
and 30 November 2023 2,866,362

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
BURNHAM WATERS LTD

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of BURNHAM WATERS LTD for the year ended 30 November 2023 which comprise the Income Statement, 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of BURNHAM WATERS LTD, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of BURNHAM WATERS LTD and state those matters that we have agreed to state to the Board of Directors of BURNHAM WATERS LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than BURNHAM WATERS LTD and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that BURNHAM WATERS LTD 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 loss of BURNHAM WATERS LTD. You consider that BURNHAM WATERS LTD is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BURNHAM WATERS LTD. 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.






Mudd Partners LLP
Chartered Accountants
Lakeview House
4 Woodbrook Crescent
Billericay
Essex
CM12 0EQ


29 August 2024