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REGISTERED NUMBER: 12682995 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Burnham Market Trading Company Limited

Burnham Market Trading Company Limited (Registered number: 12682995)

Contents of the Financial Statements
for the Year Ended 30 June 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


Burnham Market Trading Company Limited (Registered number: 12682995)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £ £
Fixed assets
Tangible assets 5 10,795 12,731
Investment property 6 362,889 360,419
373,684 373,150

Current assets
Debtors 7 - 460
Cash at bank 2,241 7,180
2,241 7,640
Creditors
Amounts falling due within one year 8 (222,535 ) (221,494 )
Net current liabilities (220,294 ) (213,854 )
Total assets less current liabilities 153,390 159,296

Creditors
Amounts falling due after more than one
year

9

(202,646

)

(202,646

)
Net liabilities (49,256 ) (43,350 )

Capital and reserves
Called up share capital 100 100
Retained earnings (49,356 ) (43,450 )
(49,256 ) (43,350 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Burnham Market Trading Company Limited (Registered number: 12682995)

Balance Sheet - continued
30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 December 2024 and were signed on its behalf by:





Mr D J Baldry - Director


Burnham Market Trading Company Limited (Registered number: 12682995)

Notes to the Financial Statements
for the Year Ended 30 June 2024


1. Statutory information

Burnham Market Trading Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12682995

Registered office: 10 Oak Street
Fakenham
Norfolk
NR21 9DY

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


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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.

Burnham Market Trading Company Limited (Registered number: 12682995)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. Accounting policies - continued

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


Burnham Market Trading Company Limited (Registered number: 12682995)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


3. 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.

4. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

5. Tangible fixed assets
Fixtures
Plant and and
machinery fittings Totals
£ £ £
Cost
At 1 July 2023 139 15,042 15,181
Additions - 755 755
At 30 June 2024 139 15,797 15,936
Depreciation
At 1 July 2023 29 2,421 2,450
Charge for year 22 2,669 2,691
At 30 June 2024 51 5,090 5,141
Net book value
At 30 June 2024 88 10,707 10,795
At 30 June 2023 110 12,621 12,731

Burnham Market Trading Company Limited (Registered number: 12682995)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


6. Investment property
Total
£
Fair value
At 1 July 2023 360,419
Additions 2,470
At 30 June 2024 362,889
Net book value
At 30 June 2024 362,889
At 30 June 2023 360,419

Investment property is deemed to be held at its market value by the directors at the balance sheet date.

7. Debtors: amounts falling due within one year
30.6.24 30.6.23
£ £
Other debtors - 460

8. Creditors: amounts falling due within one year
30.6.24 30.6.23
£ £
Other creditors 222,535 221,494

9. Creditors: amounts falling due after more than one year
30.6.24 30.6.23
£ £
Bank loans 202,646 202,646

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more over 5 years 202,646 202,646

10. Secured debts

The following secured debts are included within creditors:

30.6.24 30.6.23
£ £
Bank loans 202,646 202,646

Bank loans falling due after more than one year are secured against assets to which they relate.

Burnham Market Trading Company Limited (Registered number: 12682995)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024


11. Related party disclosures

Mr D Baldry has significant control of Burnham Market Trading Company Limited by virtue of owning majority of the share capital. Mr D Baldry is also is the majority shareholder in Port 434 Limited.

As at the 30th June 2024 the company owed Port 434 Limited £219,000 (2023: £218,000).