IRIS Accounts Production v24.3.0.553 01000367 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010003672023-01-31010003672024-01-31010003672023-02-012024-01-31010003672022-01-31010003672022-02-012023-01-31010003672023-01-3101000367ns15:EnglandWales2023-02-012024-01-3101000367ns14:PoundSterling2023-02-012024-01-3101000367ns10:Director12023-02-012024-01-3101000367ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3101000367ns10:SmallEntities2023-02-012024-01-3101000367ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3101000367ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3101000367ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3101000367ns10:FullAccounts2023-02-012024-01-3101000367ns10:Director22023-02-012024-01-3101000367ns10:CompanySecretary12023-02-012024-01-3101000367ns10:RegisteredOffice2023-02-012024-01-3101000367ns5:CurrentFinancialInstruments2024-01-3101000367ns5:CurrentFinancialInstruments2023-01-3101000367ns5:ShareCapital2024-01-3101000367ns5:ShareCapital2023-01-3101000367ns5:FurtherSpecificReserve1ComponentTotalEquity2024-01-3101000367ns5:FurtherSpecificReserve1ComponentTotalEquity2023-01-3101000367ns5:RetainedEarningsAccumulatedLosses2024-01-3101000367ns5:RetainedEarningsAccumulatedLosses2023-01-3101000367ns5:LongLeaseholdAssetsns5:LandBuildings2023-02-012024-01-3101000367ns5:FurnitureFittings2023-02-012024-01-3101000367ns5:MotorVehicles2023-02-012024-01-3101000367ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-3101000367ns5:FurnitureFittings2023-01-3101000367ns5:MotorVehicles2023-01-3101000367ns5:LongLeaseholdAssetsns5:LandBuildings2024-01-3101000367ns5:FurnitureFittings2024-01-3101000367ns5:MotorVehicles2024-01-3101000367ns5:LongLeaseholdAssetsns5:LandBuildings2023-01-3101000367ns5:FurnitureFittings2023-01-3101000367ns5:MotorVehicles2023-01-3101000367ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3101000367ns5:WithinOneYearns5:CurrentFinancialInstruments2023-01-3101000367ns5:RetainedEarningsAccumulatedLosses2023-01-3101000367ns5:FurtherSpecificReserve1ComponentTotalEquity2023-01-3101000367ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31
REGISTERED NUMBER: 01000367 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

CLIVE A.BURDEN LIMITED

CLIVE A.BURDEN LIMITED (REGISTERED NUMBER: 01000367)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CLIVE A.BURDEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: P D Burden
J A Burden





SECRETARY: J A Burden





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 01000367 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

CLIVE A.BURDEN LIMITED (REGISTERED NUMBER: 01000367)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 364,271 377,418
Investment property 5 950,000 950,000
1,314,271 1,327,418

CURRENT ASSETS
Stocks 6 422,000 382,000
Debtors 7 645,377 476,919
Cash at bank 274,985 336,155
1,342,362 1,195,074
CREDITORS
Amounts falling due within one year 8 78,730 45,756
NET CURRENT ASSETS 1,263,632 1,149,318
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,577,903

2,476,736

PROVISIONS FOR LIABILITIES 218,274 218,274
NET ASSETS 2,359,629 2,258,462

CAPITAL AND RESERVES
Called up share capital 100 100
Profit & loss reserve - non-distributable 9 580,895 580,895
Retained earnings 9 1,778,634 1,677,467
SHAREHOLDERS' FUNDS 2,359,629 2,258,462

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

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

CLIVE A.BURDEN LIMITED (REGISTERED NUMBER: 01000367)

BALANCE SHEET - continued
31 JANUARY 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 28 October 2024 and were signed on its behalf by:





P D Burden - Director


CLIVE A.BURDEN LIMITED (REGISTERED NUMBER: 01000367)

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


1. STATUTORY INFORMATION

Clive A.Burden 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.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Turnover represents the value, excluding value added tax, of goods supplied 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.
Long leasehold - 2% on cost
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 20% on reducing balance

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.

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

CLIVE A.BURDEN LIMITED (REGISTERED NUMBER: 01000367)

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


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to/from related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not a market rate or in case of an out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


CLIVE A.BURDEN LIMITED (REGISTERED NUMBER: 01000367)

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


2. ACCOUNTING POLICIES - continued
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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company makes contributions into the personal pension schemes of its directors. Contributions paid for the year are charged in the profit and loss account.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Long and Motor
leasehold fittings vehicles Totals
£    £    £    £   
COST
At 1 February 2023 340,210 44,460 51,505 436,175
Additions - 1,515 - 1,515
At 31 January 2024 340,210 45,975 51,505 437,690
DEPRECIATION
At 1 February 2023 567 33,055 25,135 58,757
Charge for year 6,804 2,584 5,274 14,662
At 31 January 2024 7,371 35,639 30,409 73,419
NET BOOK VALUE
At 31 January 2024 332,839 10,336 21,096 364,271
At 31 January 2023 339,643 11,405 26,370 377,418

CLIVE A.BURDEN LIMITED (REGISTERED NUMBER: 01000367)

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


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 950,000
NET BOOK VALUE
At 31 January 2024 950,000
At 31 January 2023 950,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2023 692,931
Cost 257,069
950,000

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 257,069 257,069

The company's freehold property was reclassified to investment property as it was formally rented with effect from July 2022.On reclassification, the property was valued at £950,000 by the director on the basis of offers received on the open market.

6. STOCKS
2024 2023
£    £   
Stocks 422,000 382,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 115,437 49,554
Amounts owed by group undertakings 373,578 311,578
Other debtors 156,362 115,787
645,377 476,919

CLIVE A.BURDEN LIMITED (REGISTERED NUMBER: 01000367)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,173 13,920
Taxation and social security 37,889 9,902
Other creditors 22,668 21,934
78,730 45,756

9. RESERVES
Profit &
loss
Retained reserve -
earnings non-distributable Totals
£    £    £   

At 1 February 2023 1,677,467 580,895 2,258,362
Profit for the year 101,167 101,167
At 31 January 2024 1,778,634 580,895 2,359,529

10. RELATED PARTY DISCLOSURES

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 wholly owned subsidiaries within the group.

The company paid £100 (2023 - £100) of ground rent to P D and J A Burden for the year. P D Burden owed the company £150,158 (2023 - £6,432) at the balance sheet date. Interest totalling £1,212 (2023 - £34) was charged for the year.