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REGISTERED NUMBER: 02716507 (England and Wales)











BURLEY GARDENS LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






BURLEY GARDENS LIMITED (REGISTERED NUMBER: 02716507)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


BURLEY GARDENS LIMITED (REGISTERED NUMBER: 02716507)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,104 8,104

CURRENT ASSETS
Debtors 5 29,314 29,725
Cash at bank 101,663 106,333
130,977 136,058
CREDITORS
Amounts falling due within one year 6 20,800 83,253
NET CURRENT ASSETS 110,177 52,805
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,281

60,909

CAPITAL AND RESERVES
Called up share capital 7 38 38
Sinking fund reserve 8 118,243 60,871
SHAREHOLDERS' FUNDS 118,281 60,909

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

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

BURLEY GARDENS LIMITED (REGISTERED NUMBER: 02716507)

BALANCE SHEET - continued
31 MAY 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 and authorised for issue by the Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:




Mrs A Springate - Director



P J McDermott - Director


BURLEY GARDENS LIMITED (REGISTERED NUMBER: 02716507)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Burley Gardens 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: 02716507

Registered office: Suite 2.06
Bridge House
181 Queen Victoria Street
London
EC4V 4EG

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 amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost less residual value

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

BURLEY GARDENS LIMITED (REGISTERED NUMBER: 02716507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 June 2023
and 31 May 2024 8,104
NET BOOK VALUE
At 31 May 2024 8,104
At 31 May 2023 8,104

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 21,822 21,573
Prepayments and accrued income 7,492 8,152
29,314 29,725

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 11,096 8,487
Shareholders reserve 4,899 67,807
Accruals and deferred income 4,805 6,959
20,800 83,253

Shareholders reserve is the cumulative excess of service charges levied over the expenditure incurred during the year amounting to £4,899 (2023 - £67,807).

Shareholders reserve is unsecured, interest free and repayable on demand.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
38 Ordinary £1 38 38

BURLEY GARDENS LIMITED (REGISTERED NUMBER: 02716507)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


8. RESERVES
Sinking
Retained fund
earnings reserve Totals
£    £    £   

At 1 June 2023 - 60,871 60,871
Profit for the year - -
Member contributions - 67,806 67,806
Interest received - 2,451 2,451
Amounts drawn down - (12,885 ) (12,885 )
At 31 May 2024 - 118,243 118,243

The sinking fund reserve is a general fund to pay for (or contribute to the cost of) the conservation, renewal or replacement of Burley Gardens structures and equipment in future years.

9. RELATED PARTY DISCLOSURES

During the period the company reimbursed expenses totalling £326 (2023 - £1,323) to owners holding a participating interest in the company. At the balance sheet date £nil (2023 - £nil) is owing to owners holding a participating interest in the company.