2023-02-012024-01-312024-01-31false10562169BURE PROPERTIES 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BURE PROPERTIES LIMITED

Registered Number
10562169
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

BURE PROPERTIES LIMITED
Company Information
for the year from 1 February 2023 to 31 January 2024

Directors

ASHBY, Jeanette Ann
ASHBY, Terence Brett

Registered Address

Walnut Tree House, 10a Banningham Road
Aylsham
Norwich
NR11 6LP

Registered Number

10562169 (England and Wales)
BURE PROPERTIES LIMITED
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,166,7491,166,515
1,166,7491,166,515
Current assets
Debtors40-
Cash at bank and on hand4,84812,350
4,88812,350
Creditors amounts falling due within one year4(750)-
Net current assets (liabilities)4,13812,350
Total assets less current liabilities1,170,8871,178,865
Creditors amounts falling due after one year5(986,269)(988,610)
Provisions for liabilities6(39,595)(39,095)
Net assets145,023151,160
Capital and reserves
Called up share capital22
Other reserves208,397208,397
Profit and loss account(63,376)(57,239)
Shareholders' funds7145,023151,160
The financial statements were approved and authorised for issue by the Board of Directors on 30 September 2024, and are signed on its behalf by:
ASHBY, Terence Brett
Director
Registered Company No. 10562169
BURE PROPERTIES LIMITED
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery4
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year21
3.Tangible fixed assets

Land & buildings

Plant & machinery

Office Equipment

Total

££££
Cost or valuation
At 01 February 231,165,0003852,1751,167,560
Additions--944944
At 31 January 241,165,0003853,1191,168,504
Depreciation and impairment
At 01 February 23-649811,045
Charge for year-96614710
At 31 January 24-1601,5951,755
Net book value
At 31 January 241,165,0002251,5241,166,749
At 31 January 231,165,0003211,1941,166,515
4.Creditors: amounts due within one year

2024

2023

££
Accrued liabilities and deferred income750-
Total750-
5.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts778,397783,055
Amounts owed to related parties207,872205,555
Total986,269988,610
6.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)39,59539,095
Total39,59539,095
7.Fair value reserve

£
Fair value reserve at 01 February 23208,397
At 31 January 24208,397
8.Related party transactions
At the balance sheet date, the company owed the directors £207,872 (2023:£205,555).