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COMPANY REGISTRATION NUMBER: SC442324
Burness Limited
Unaudited Financial Statements
For the year ended
31 March 2024
Burness Limited
Financial Statements
Year ended 31 March 2024
Contents
Page
Officers and professional advisers
1
Director's report
2
Statement of financial position
3
Notes to the financial statements
4
Burness Limited
Officers and Professional Advisers
Director
I Burness
Registered office
C/O Nelson Gilmour Smith
Mercantile Chambers
53 Bothwell Street
Glasgow
G2 6TB
Bankers
HSBC
66 Lordship Lane
East Dulwich
London
SE22 8HL
Burness Limited
Director's Report
Year ended 31 March 2024
The director presents his report and the unaudited financial statements of the company for the year ended 31 March 2024 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Director
The director who served the company during the year was as follows:
I Burness
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 3 December 2024 and signed on behalf of the board by:
I Burness
Director
Registered office:
C/O Nelson Gilmour Smith
Mercantile Chambers
53 Bothwell Street
Glasgow
G2 6TB
Burness Limited
Statement of Financial Position
31 March 2024
2024
2023
Note
£
£
Current assets
Debtors
4
313
313
----
----
Net current assets
313
313
----
----
Total assets less current liabilities
313
313
----
----
Capital and reserves
Called up share capital
100
100
Profit and loss account
213
213
----
----
Shareholders funds
313
313
----
----
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 3 December 2024 , and are signed on behalf of the board by:
I Burness
Director
Company registration number: SC442324
Burness Limited
Notes to the Financial Statements
Year ended 31 March 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is C/O Nelson Gilmour Smith, Mercantile Chambers, 53 Bothwell Street, Glasgow, G2 6TB.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
4. Debtors
2024
2023
£
£
Other debtors
313
313
----
----
5. Director's advances, credits and guarantees
At the year end the Director owed the company £ 313 (2023 £ 313 ).
6. Related party transactions
There are no transactions with related parties entered into during the year that are required to be disclosed under the terms of FRS 102 Section 1A.