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Registered number: 07534506
Burke Associates Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
A K E Tax & Accountancy Ltd
Chartered Certified Accountants
Hoddesdon Enterprise Centre
Pindar Road
Hoddesdon
Hertfordshire
EN11 0FJ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07534506
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 24,362 30,149
24,362 30,149
CURRENT ASSETS
Debtors 5 - 4,457
Cash at bank and in hand 4,595 3,377
4,595 7,834
Creditors: Amounts Falling Due Within One Year 6 (23,635 ) (21,225 )
NET CURRENT ASSETS (LIABILITIES) (19,040 ) (13,391 )
TOTAL ASSETS LESS CURRENT LIABILITIES 5,322 16,758
PROVISIONS FOR LIABILITIES
Deferred Taxation (112 ) (259 )
NET ASSETS 5,210 16,499
CAPITAL AND RESERVES
Called up share capital 7 150 150
Profit and Loss Account 5,060 16,349
SHAREHOLDERS' FUNDS 5,210 16,499
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For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
S Burke
Director
11 September 2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Burke Associates Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 07534506 . The registered office is C/O AKE, Hoddesdon Enterprise Centre, Pindar Road, Hoddesdon, Hertfordshire, EN11 0FJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold Over 10 years
Fixtures & Fittings 20% Straight line
2.3. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.4. Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.5. Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.6. Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
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4. Tangible Assets
Land & Property
Freehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 April 2023 36,899 15,290 52,189
Disposals (1,469 ) - (1,469 )
As at 31 March 2024 35,430 15,290 50,720
Depreciation
As at 1 April 2023 8,114 13,926 22,040
Provided during the period 3,543 775 4,318
As at 31 March 2024 11,657 14,701 26,358
Net Book Value
As at 31 March 2024 23,773 589 24,362
As at 1 April 2023 28,785 1,364 30,149
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 4,457
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 70
Other creditors 23,635 21,155
23,635 21,225
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 150 150
8. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2024 2023
£ £
Not later than one year - 3,708
- 3,708
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9. Related Party Transactions
Sue Burke 
The above is a director of the company.
During the year, the related party incured expenses on behalf of the company and drew monies against her account.
At the balance sheet date, she was owed by the company £1,471 (2023: £471).
No interest has been charged on this loan during the period.
Jeff Burke
The above is a director of the company.
During the year, the related party incured expenses on behalf of the company and drew monies against his account.
At the balance sheet date, he was owed by the company £21,662 (2023: £20,682).
No interest has been charged on this loan during the period.
10. Ultimate Controlling Party
The ultimate controlling parties are the shareholders by virtue of their shareholdings.
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