PTP Accounts Production v24.2.0.383 10453054 Board of Directors 1.5.23 30.4.24 30.4.24 0 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh104530542023-04-30104530542024-04-30104530542023-05-012024-04-30104530542022-04-30104530542022-05-012023-04-30104530542023-04-3010453054ns15:EnglandWales2023-05-012024-04-3010453054ns14:PoundSterling2023-05-012024-04-3010453054ns10:Director12023-05-012024-04-3010453054ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3010453054ns10:SmallEntities2023-05-012024-04-3010453054ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3010453054ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3010453054ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3010453054ns10:FullAccounts2023-05-012024-04-3010453054ns10:Director22023-05-012024-04-3010453054ns10:CompanySecretary12023-05-012024-04-3010453054ns10:RegisteredOffice2023-05-012024-04-3010453054ns5:CurrentFinancialInstruments2024-04-3010453054ns5:CurrentFinancialInstruments2023-04-3010453054ns5:Non-currentFinancialInstruments2024-04-3010453054ns5:Non-currentFinancialInstruments2023-04-3010453054ns5:ShareCapital2024-04-3010453054ns5:ShareCapital2023-04-3010453054ns5:RevaluationReserve2024-04-3010453054ns5:RevaluationReserve2023-04-3010453054ns5:RetainedEarningsAccumulatedLosses2024-04-3010453054ns5:RetainedEarningsAccumulatedLosses2023-04-3010453054ns5:LandBuildings2023-04-3010453054ns5:LandBuildings2024-04-3010453054ns5:LandBuildings2023-04-3010453054ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3010453054ns5:WithinOneYearns5:CurrentFinancialInstruments2023-04-3010453054ns5:Non-currentFinancialInstruments2023-05-012024-04-3010453054ns5:DeferredTaxation2023-04-3010453054ns5:DeferredTaxation2024-04-3010453054ns5:RevaluationReserve2023-04-30
REGISTERED NUMBER: 10453054 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Burbury (Markyate) Limited

Burbury (Markyate) Limited (Registered number: 10453054)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Burbury (Markyate) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: M E Burbury
Mrs K L Burbury





SECRETARY:





REGISTERED OFFICE: 6 High Street
Wheathampstead
Hertfordshire
AL4 8AA





REGISTERED NUMBER: 10453054 (England and Wales)





ACCOUNTANTS: Fenlon & Co
Chartered Certified Accountants
6 High Street
Wheathampstead
Hertfordshire
AL4 8AA

Burbury (Markyate) Limited (Registered number: 10453054)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 520,000 520,000

CURRENT ASSETS
Debtors 5 452 600
Cash at bank 25,364 2,043
25,816 2,643
CREDITORS
Amounts falling due within one year 6 248,636 222,138
NET CURRENT LIABILITIES (222,820 ) (219,495 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,180

300,505

CREDITORS
Amounts falling due after more than
one year

7

(82,930

)

(85,849

)

PROVISIONS FOR LIABILITIES 9 (53,500 ) (53,500 )
NET ASSETS 160,750 161,156

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 10 160,602 160,602
Retained earnings 48 454
SHAREHOLDERS' FUNDS 160,750 161,156

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

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

Burbury (Markyate) Limited (Registered number: 10453054)

Balance Sheet - continued
30 April 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 24 January 2025 and were signed on its behalf by:





M E Burbury - Director


Burbury (Markyate) Limited (Registered number: 10453054)

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

1. STATUTORY INFORMATION

Burbury (Markyate) Limited is a private company limited by shares and incorporated In England and Wales. Its registered office is 6 High Street, Wheathampstead, St Albans, Herts, AL4 8AA.

The financial statements are presented in Sterling, which is the functional currency of the Company.

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.

Revenue
Revenue represents the fair value of rent and service charges receivable excluding Value Added Tax having regard to the fulfilment of contractual obligations.

Fixed assets
All fixed assets are initially recorded at cost.

Taxation
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Revaluation reserve
The aggregate annual surplus or deficit arising on the revaluation of investment properties is transferred to the revaluation reserve which is not distributable.

Investment properties
No depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the Directors consider that to depreciate them would not give a true and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties and accordingly the amount of depreciation which might otherwise have been charged cannot be separately identified or quantified. The Directors consider that this policy results in the accounts giving a true and fair view.

Burbury (Markyate) Limited (Registered number: 10453054)

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

2. ACCOUNTING POLICIES - continued

Leases
Rental costs under operating leases are charged to Profit and Loss Account as incurred.

Dividends
Final ordinary dividends payable to shareholders of the Company are recognised in the period that they are approved by the shareholders. Interim ordinary dividends are recognised in the period that they are paid.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 May 2023
and 30 April 2024 520,000
NET BOOK VALUE
At 30 April 2024 520,000
At 30 April 2023 520,000

The investment properties, which cost £305,898 (2023 : £305,898) have been valued by the Directors as of 30th April 2024 at their open market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 239 403
Prepayments & other debtors 213 197
452 600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Mortgage Loan (see note 8) 2,215 2,086
Tax 433 864
Directors' loan accounts 244,894 218,094
Accruals and deferred income 1,094 1,094
248,636 222,138

Burbury (Markyate) Limited (Registered number: 10453054)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.24 30.4.23
£    £   
Mortgage Loan (see note 8) 82,930 85,849

Amounts falling due in more than five years:

Repayable by instalments
Mortgage loan more than 5 yrs 72,647 76,146

The mortgage is secured by a charge on a building owned by the company and by a debenture on the Company assets.

8. LOANS

Indebtedness - Mortgage Loans
30.4.2430.4.23
££
Due within one year2,2152,086
Due within one to two years2,3512,215
Due within two to five years7,9327,488
Due after more than five years72,64776,146
Total85,14587,935

9. PROVISIONS FOR LIABILITIES
30.4.24 30.4.23
£    £   
Deferred tax 53,500 53,500

Deferred
tax
£   
Balance at 1 May 2023 53,500
Movement in year
Balance at 30 April 2024 53,500

Deferred Tax is the corporation tax that would arise on the capital gain on the disposal of the investment properties if they were sold at the directors valuation on the balance sheet date.

Burbury (Markyate) Limited (Registered number: 10453054)

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

10. RESERVES
Revaluation
reserve
£   
At 1 May 2023
and 30 April 2024 160,602

11. ULTIMATE CONTROLLING PARTY

Ultimate control of the company is vested in the Directors, M E Burbury & K L Burbury, by virtue of their ownership of the entire issued share capital of the company.