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REGISTERED NUMBER: 02042825 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Burstchase Limited

Burstchase Limited (Registered number: 02042825)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Burstchase Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S C Payne
S J Payne
K L Tarrant
S D Shepherd





SECRETARY: K L Tarrant





REGISTERED OFFICE: 17 Pitts Lane
Earley
Reading
Berkshire
RG6 1BX





REGISTERED NUMBER: 02042825 (England and Wales)

Burstchase Limited (Registered number: 02042825)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 - -
Investments 5 106,573 116,027
Investment property 6 1,100,000 925,000
1,206,573 1,041,027

CURRENT ASSETS
Cash at bank 7,193 15,303

CREDITORS
Amounts falling due within one year 7 34,843 35,426
NET CURRENT LIABILITIES (27,650 ) (20,123 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,178,923

1,020,904

CREDITORS
Amounts falling due after more than one
year

8

(108,218

)

(125,866

)

PROVISIONS FOR LIABILITIES (145,440 ) (101,690 )
NET ASSETS 925,265 793,348

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 925,065 793,148
SHAREHOLDERS' FUNDS 925,265 793,348

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

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

Burstchase Limited (Registered number: 02042825)

Balance Sheet - continued
31 March 2024


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 15 October 2024 and were signed on its behalf by:





S C Payne - Director


Burstchase Limited (Registered number: 02042825)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Burstchase 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost and 20% on cost

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.

Fixed asset investments
Fixed asset investments are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

Burstchase Limited (Registered number: 02042825)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 4,513
DEPRECIATION
At 1 April 2023
and 31 March 2024 4,513
NET BOOK VALUE
At 31 March 2024 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 116,027
Disposals (9,940 )
Revaluations 486
At 31 March 2024 106,573
NET BOOK VALUE
At 31 March 2024 106,573
At 31 March 2023 116,027

Cost or valuation at 31 March 2024 is represented by:

Other
investments
£   
Valuation in 2018 (3,471 )
Valuation in 2019 3,690
Valuation in 2020 (359 )
Valuation in 2021 38
Valuation in 2022 (9,741 )
Valuation in 2023 3,874
Valuation in 2024 487
Cost 112,055
106,573

Burstchase Limited (Registered number: 02042825)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS - continued

If fixed asset investments had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 112,055 121,996

Fixed asset investments were valued on an open market basis on 31 March 2024 by the directors .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 925,000
Revaluations 175,000
At 31 March 2024 1,100,000
NET BOOK VALUE
At 31 March 2024 1,100,000
At 31 March 2023 925,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2002 70,000
Valuation in 2007 140,000
Valuation in 2010 (25,000 )
Valuation in 2013 50,000
Valuation in 2016 32,287
Valuation in 2018 (185,000 )
Valuation in 2019 405,000
Valuation in 2022 (13,212 )
Valuation in 2023 (67,312 )
Valuation in 2024 175,000
Cost 518,237
1,100,000

If Investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 518,237 518,237

Investment properties were valued on an open market basis on 31 March 2024 by the directors .

Burstchase Limited (Registered number: 02042825)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 19,676 19,364
Trade creditors - 438
Taxation and social security 1,074 1,533
Other creditors 14,093 14,091
34,843 35,426

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 108,218 125,866

Amounts falling due in more than five years:

Repayable by instalments
Bank loans over 5yrs 29,514 48,410

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 127,894 145,230

Bank borrowings are secured by a fixed and floating charge over all the company's assets.

10. ULTIMATE CONTROLLING PARTY

There is no singular controlling party.