Registration number:
Burrington Estates Commercial Holdings Limited
for the Year Ended 31 December 2023
Burrington Estates Commercial Holdings Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Burrington Estates Commercial Holdings Limited
Company Information
Directors |
Mr M D Edworthy Mr P N Scantlebury |
Registered office |
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Accountants |
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Burrington Estates Commercial Holdings Limited
(Registration number: 11033064)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Investments |
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Current assets |
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Debtors |
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Creditors: Amounts falling due within one year |
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( |
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Net current assets |
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Net assets |
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Capital and reserves |
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Called up share capital |
572 |
572 |
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Share premium reserve |
2,068,157 |
2,068,157 |
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Retained earnings |
(327,594) |
(285,781) |
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Shareholders' funds |
1,741,135 |
1,782,948 |
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
.........................................
Mr M D Edworthy
Director
Burrington Estates Commercial Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in UK.
The address of its registered office is:
United Kingdom
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Summary of disclosure exemptions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with companies within the group.
Group accounts not prepared
Going concern
The company has incurred a loss during the year. Whilst the company’s balance sheet shows overall net assets of £1,741,135 (2022 - £1,782,948), due to continued losses and the high cost of debt the Directors have had to consider the basis upon which the accounts should be prepared and determine whether a going concern basis remains appropriate. The accounts have been prepared on a going concern basis as the Directors and Group companies which have provided financial support to the Company will continue to do so, to enable the company to return to profitability or to realise value through the sale of the group’s assets. The Directors have reviewed the position for 12 months from the date that the accounts were approved.
Burrington Estates Commercial Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.
Debtors
Debtors are initially recognised at transaction price and subsequently reviewed for impairment.
Creditors
Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method. Creditors are classified as current liabilities if the company does not have an
unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve
months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months
after the reporting date, they are presented as non-current liabilities.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
business from suppliers.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Investments |
2023 |
2022 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Fair value |
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At 1 January 2023 |
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At 31 December 2023 |
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Details of undertakings
Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
Burrington Estates Commercial Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2023 |
2022 |
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Subsidiary undertakings |
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Winslade House, Winslade Drive, Clyst St Mary, Exeter, EX5 1FY UK |
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Winslade House, Winslade Drive, Clyst St Mary, Exeter, EX5 1FY UK |
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Winslade House, Winslade Drive, Clyst St Mary, Exeter, EX5 1FY UK |
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Winslade House, Winslade Drive, Clyst St Mary, Exeter, EX5 1FY UK |
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Winslade House, Winslade Drive, Clyst St Mary, Exeter, EX5 1FY UK |
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Subsidiary undertakings |
Burrington Estates (Commercial) Limited The principal activity of Burrington Estates (Commercial) Limited is |
The Ship (Derriford) Limited The principal activity of The Ship (Derriford) Limited is |
Burrington Business Park Limited The principal activity of Burrington Business Park Limited is |
Dean Clarke Estate Limited The principal activity of Dean Clarke Estate Limited is |
Ocean Crescent Limited The principal activity of Ocean Crescent Limited is |
Burrington Estates Commercial Holdings Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Debtors |
2023 |
2022 |
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Amounts owed by group undertakings and undertakings in which the company has a participating interest |
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Other debtors |
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Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
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Due within one year |
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Loans and borrowings |
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Accruals and deferred income |
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- |
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Other creditors |
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Creditors includes loans which are secured of £568,493 (2022 - £533,078).
Loans and borrowings |
2023 |
2022 |
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Current loans and borrowings |
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Other borrowings |
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