REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
FOR |
BURRELLS WHARF FREEHOLDS LIMITED |
REGISTERED NUMBER: |
FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
FOR |
BURRELLS WHARF FREEHOLDS LIMITED |
BURRELLS WHARF FREEHOLDS LIMITED (REGISTERED NUMBER: 02867108) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
BURRELLS WHARF FREEHOLDS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Chartered Accountants |
Statutory Auditors |
First Floor, Jebsen House |
53-61 High Street |
Ruislip |
Middlesex |
HA4 7BD |
BURRELLS WHARF FREEHOLDS LIMITED (REGISTERED NUMBER: 02867108) |
BALANCE SHEET |
31ST DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Share premium | 9 |
Fair value reserve | 9 |
Retained earnings | 9 |
SHAREHOLDERS' FUNDS |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
BURRELLS WHARF FREEHOLDS LIMITED (REGISTERED NUMBER: 02867108) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
1. | STATUTORY INFORMATION |
Burrells Wharf Freeholds Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover represents ground rents, sub letting fees and income receivable from parking bay and function room hire. |
Tangible fixed assets |
Plant and machinery etc | - |
Depreciation is not provided on the freehold property as the directors consider that the market value is in excess of cost. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
BURRELLS WHARF FREEHOLDS LIMITED (REGISTERED NUMBER: 02867108) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1st January 2023 |
and 31st December 2023 |
DEPRECIATION |
At 1st January 2023 |
and 31st December 2023 |
NET BOOK VALUE |
At 31st December 2023 |
At 31st December 2022 |
The historic cost of the freehold property is £127,546 which, following a previous policy of revaluation, was brought up to the current book value of £275,000 in 2013. |
In line with options available for companies upon adoption of Financial Reporting Standard 102, the freehold property valuation is being carried at deemed cost. |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Due from lessees |
Other debtors | 1,049 | 3,602 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Due to lessees - amounts received in advance | - | 13 |
Taxation |
Other creditors |
Due to Burrells Wharf service charge fund | 39,999 | 33,040 |
Accrued expenses |
BURRELLS WHARF FREEHOLDS LIMITED (REGISTERED NUMBER: 02867108) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST DECEMBER 2023 |
7. | PROVISIONS FOR LIABILITIES |
2023 | 2022 |
£ | £ |
Deferred tax | 17,954 | 17,954 |
Deferred |
tax |
£ |
Balance at 1st January 2023 |
Balance at 31st December 2023 |
Provision has been made for taxation that would be payable if the company's freehold property was sold at its book value. |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 333 | 326 |
7 Ordinary shares of £1 each were allotted as fully paid |
9. | RESERVES |
Fair |
Retained | Share | value |
earnings | premium | reserve | Totals |
£ | £ | £ | £ |
At 1st January 2023 | 507,336 |
Profit for the year | - | - |
Shares issued in year | - | 11,123 | - | 11,123 |
At 31st December 2023 | 520,826 |
10. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
The Report of the Auditors was unqualified. |
for and on behalf of |
11. | POST BALANCE SHEET EVENTS |
Since the balance sheet date, the company has issued a further 2 ordinary shares for a total consideration of £3,263. |