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REGISTERED NUMBER: 00508799 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 January 2024

for

T.G. Burn Properties Limited

T.G. Burn Properties Limited (Registered number: 00508799)






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




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


T.G. Burn Properties Limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mr L S Auden
Mr J P Auden





REGISTERED OFFICE: 90-92 High Street
Evesham
Worcestershire
WR11 4EU





REGISTERED NUMBER: 00508799 (England and Wales)





ACCOUNTANTS: Attwoods
Chartered Certified Accountants
90-92 High Street
Evesham
Worcestershire
WR11 4EU

T.G. Burn Properties Limited (Registered number: 00508799)

Abridged Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 2 2
Investment property 5 375,000 400,000
375,002 400,002

CURRENT ASSETS
Debtors 502,533 173,502
Cash at bank 150,949 610,915
653,482 784,417
CREDITORS
Amounts falling due within one year 732 68,400
NET CURRENT ASSETS 652,750 716,017
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,027,752

1,116,019

PROVISIONS FOR LIABILITIES 6 31,350 36,100
NET ASSETS 996,402 1,079,919

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Fair value reserve 8 128,900 153,900
Retained earnings 8 866,502 925,019
SHAREHOLDERS' FUNDS 996,402 1,079,919

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.

T.G. Burn Properties Limited (Registered number: 00508799)

Abridged 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 October 2024 and were signed on its behalf by:




Mr J P Auden - Director



Mr L S Auden - Director


T.G. Burn Properties Limited (Registered number: 00508799)

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

1. STATUTORY INFORMATION

T.G. Burn Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at 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.

3. EMPLOYEES AND DIRECTORS

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

T.G. Burn Properties Limited (Registered number: 00508799)

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

4. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 February 2023
and 31 January 2024 2
NET BOOK VALUE
At 31 January 2024 2
At 31 January 2023 2

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 400,000
Revaluations (25,000 )
At 31 January 2024 375,000
NET BOOK VALUE
At 31 January 2024 375,000
At 31 January 2023 400,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2011 210,000
Valuation in 2015 35,000
Valuation in 2019 45,000
Valuation in 2022 85,000
Valuation in 2023 25,000
Valuation in 2024 (25,000 )
375,000

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

31.1.24 31.1.23
£    £   
Cost 210,000 210,000

The investment property was purchased in 2011 at a cost of £210,000. This was revalued by the directors as at 31 January 2024 at £375,000.

6. PROVISIONS FOR LIABILITIES
31.1.24 31.1.23
£    £   
Deferred tax on revaluations 31,350 36,100

T.G. Burn Properties Limited (Registered number: 00508799)

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

6. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2023 36,100
Revaluation (4,750 )
Balance at 31 January 2024 31,350

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
255 Ordinary A £1 255 255
255 Ordinary B £1 255 255
490 Ordinary C £1 490 490
1,000 1,000

The Ordinary shares were redesignated to Ordinary A, Ordinary B and Ordinary C shares during the year. Specific rights of the share classes are detailed within the company's articles of association.

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2023 925,019 153,900 1,078,919
Deficit for the year (517 ) (517 )
Dividends (58,000 ) (58,000 )
Deferred tax on revaluation - (25,000 ) (25,000 )
At 31 January 2024 866,502 128,900 995,402

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
Mr L S Auden
Balance outstanding at start of year 9,415 (18,085 )
Amounts advanced - 27,500
Amounts repaid (9,415 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 9,415

T.G. Burn Properties Limited (Registered number: 00508799)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

Mr J P Auden
Balance outstanding at start of year 1,045 (795 )
Amounts advanced - 1,840
Amounts repaid (1,045 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 1,045

10. ULTIMATE CONTROLLING PARTY

The company has no ultimate controlling party due to the split of shareholdings.