IRIS Accounts Production v24.2.0.383 00304176 Board of Directors 1.1.23 31.12.23 31.12.23 0 0 false true false false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh003041762022-12-31003041762023-12-31003041762023-01-012023-12-31003041762021-12-31003041762022-01-012022-12-31003041762022-12-3100304176ns15:EnglandWales2023-01-012023-12-3100304176ns14:PoundSterling2023-01-012023-12-3100304176ns10:Director12023-01-012023-12-3100304176ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3100304176ns10:SmallEntities2023-01-012023-12-3100304176ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3100304176ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3100304176ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3100304176ns10:FullAccounts2023-01-012023-12-3100304176ns5:Associate12023-01-012023-12-3100304176ns10:OrdinaryShareClass12023-01-012023-12-3100304176ns5:CurrentFinancialInstruments2023-12-3100304176ns5:CurrentFinancialInstruments2022-12-3100304176ns5:ShareCapital2023-12-3100304176ns5:ShareCapital2022-12-3100304176ns5:RevaluationReserve2023-12-3100304176ns5:RevaluationReserve2022-12-3100304176ns5:RetainedEarningsAccumulatedLosses2023-12-3100304176ns5:RetainedEarningsAccumulatedLosses2022-12-3100304176ns10:RegisteredOffice2023-01-012023-12-3100304176ns5:CostValuation2022-12-3100304176ns5:AdditionsToInvestments2023-12-3100304176ns5:DisposalsRepaymentsInvestments2023-12-3100304176ns5:RevaluationsIncreaseDecreaseInInvestments2023-12-3100304176ns5:TransfersBetweenInvestmentClassesIncreaseDecreaseInInvestments2023-12-3100304176ns5:CostValuation2023-12-31003041761ns5:Associate12023-01-012023-12-3100304176ns5:Associate12023-12-3100304176ns5:Associate12022-12-3100304176ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3100304176ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3100304176ns5:DeferredTaxation2022-12-3100304176ns5:DeferredTaxation2023-01-012023-12-3100304176ns5:DeferredTaxation2023-12-3100304176ns10:OrdinaryShareClass12023-12-3100304176ns5:RevaluationReserve2022-12-31
REGISTERED NUMBER: 00304176 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

BIRSTALL LAND INVESTMENTS LIMITED

BIRSTALL LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00304176)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Balance Sheet 1

Notes to the Financial Statements 3


BIRSTALL LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00304176)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 3,617,773 3,617,678
Investment property 5 11,386,150 11,465,101
15,003,923 15,082,779

CURRENT ASSETS
Stocks - 350,000
Debtors 6 35,759 32,663
Cash at bank 951,253 23,213
987,012 405,876
CREDITORS
Amounts falling due within one year 7 72,031 443,038
NET CURRENT ASSETS/(LIABILITIES) 914,981 (37,162 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

15,918,904

15,045,617

PROVISIONS FOR LIABILITIES 8 614,129 461,325
NET ASSETS 15,304,775 14,584,292

CAPITAL AND RESERVES
Called up share capital 9 61 61
Non distributable reserve 10 9,963,594 10,102,781
Retained earnings 5,341,120 4,481,450
SHAREHOLDERS' FUNDS 15,304,775 14,584,292

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

BIRSTALL LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00304176)

BALANCE SHEET - continued
31 DECEMBER 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:





Mrs L G Montgomery - Director


BIRSTALL LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00304176)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Birstall Land Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 00304176

Registered office: 46 Oxford Gardens
London
W10 5UH

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.

The results are presented for the company as a single entity only.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Turnover
Turnover represents gross rental income.

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

BIRSTALL LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00304176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Going concern
Based on current trading and future expectations, the directors are confident the company will continue to trade profitably in future periods and generate sufficient cash flows to meet its obligations as they fall due for
payment.

Investments
Fixed asset investments are carried at fair value and revaluation surpluses are recognised in the profit and loss account in the year in which they arise.

BIRSTALL LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00304176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. EMPLOYEES

The average number of employees during the year was NIL (2022 - NIL).

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 January 2023 3,617,678
Additions 195,931
Disposals (204,980 )
Revaluations 5,728
Reclassification/transfer 3,416
At 31 December 2023 3,617,773
NET BOOK VALUE
At 31 December 2023 3,617,773
At 31 December 2022 3,617,678

Cost or valuation at 31 December 2023 is represented by:

Other
investments
£   
Valuation in 2023 3,617,773

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Cluny Limited
Registered office: Scotland
Nature of business: Woodlands
%
Class of shares: holding
Ordinary 33.00
2023 2022
£    £   
Aggregate capital and reserves 50,003 50,003

In the opinion of the directors, the aggregate value of the assets of the company consisting of shares in, or amounts owing from the subsidiary undertakings, is not less than the amounts at which those assets are stated or included in the company's balance sheet.

BIRSTALL LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00304176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 11,465,101
Additions 65,966
Revaluations (144,917 )
At 31 December 2023 11,386,150
NET BOOK VALUE
At 31 December 2023 11,386,150
At 31 December 2022 11,465,101

The investment properties were valued on the tenanted open market value basis at 31 December 2023 by the director of the company to the value of £11,386,150 (2022: £11,465,101).

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 11,386,150

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 35,626 16,493
Prepayments 133 16,170
35,759 32,663

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 6,155
Amounts owed to group undertakings - 389,473
Corporation tax 57,876 37,638
Accruals and deferred income 14,155 9,772
72,031 443,038

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 614,129 461,325

BIRSTALL LAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00304176)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 461,325
Provided during year 152,804
Balance at 31 December 2023 614,129

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
61 Ordinary £1 61 61

10. RESERVES
Non
distributable
reserve
£   
At 1 January 2023 10,102,781
Revaluation of investment property (139,187 )

At 31 December 2023 9,963,594

11. ULTIMATE PARENT COMPANY

The company's immediate parent company is Montgomery Holdings Limited and the company's ultimate controlling party is the Laura Montgomery Settlement, a trust in which L G Montgomery is a beneficiary.