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REGISTERED NUMBER: 00803913 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2024

for

M.& M.Burley Limited

M.& M.Burley Limited (Registered number: 00803913)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


M.& M.Burley Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: D M Poole - Burley
Mrs. J. M. Collins
Mrs. M. T. Wrigley
Mrs I A Wibberley





REGISTERED OFFICE: 47a Queen Street
Derby
Derbyshire
DE1 3DE





REGISTERED NUMBER: 00803913 (England and Wales)





ACCOUNTANTS: Bourne & Co.
Chartered Accountants
47a Queen Street
Derby
Derbyshire
DE1 3DE

M.& M.Burley Limited (Registered number: 00803913)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 722 959
Investment property 5 855,000 960,000
855,722 960,959

CURRENT ASSETS
Cash at bank 102,724 55,577

CREDITORS
Amounts falling due within one year 6 176,733 130,071
NET CURRENT LIABILITIES (74,009 ) (74,494 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

781,713

886,465

PROVISIONS FOR LIABILITIES 61,693 59,395
NET ASSETS 720,020 827,070

CAPITAL AND RESERVES
Called up share capital 7 1,330 1,330
Fair value reserve 8 363,543 468,221
Retained earnings 8 355,147 357,519
SHAREHOLDERS' FUNDS 720,020 827,070

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

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

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 19 August 2024 and were signed on its behalf by:





Mrs. J. M. Collins - Director


M.& M.Burley Limited (Registered number: 00803913)

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

1. STATUTORY INFORMATION

M.& M.Burley 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income
Income represents rents received before deduction of expenses and excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Office equipment - 25% on reducing balance

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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

M.& M.Burley Limited (Registered number: 00803913)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 May 2023
and 30 April 2024 73,881 631 74,512
DEPRECIATION
At 1 May 2023 73,198 355 73,553
Charge for year 170 67 237
At 30 April 2024 73,368 422 73,790
NET BOOK VALUE
At 30 April 2024 513 209 722
At 30 April 2023 683 276 959

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 960,000
Disposals (105,000 )
At 30 April 2024 855,000
NET BOOK VALUE
At 30 April 2024 855,000
At 30 April 2023 960,000

The company's investment properties have been valued by the directors and the above figures reflect these values.

The original cost of these properties is £429,764.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 37,546 11,040
Other creditors 139,187 119,031
176,733 130,071

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,285 Ordinary £1 1,285 1,285
45 6% Preference £1 45 45
1,330 1,330

M.& M.Burley Limited (Registered number: 00803913)

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

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 May 2023 357,519 468,221 825,740
Profit for the year 165,628 165,628
Dividends (168,000 ) (168,000 )
Revaluation in year - (104,678 ) (104,678 )
At 30 April 2024 355,147 363,543 718,690