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Company No: 01103285 (England and Wales)

BURLINGDALE LIMITED

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH THE REGISTRAR

BURLINGDALE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024

Contents

BURLINGDALE LIMITED

COMPANY INFORMATION

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
BURLINGDALE LIMITED

COMPANY INFORMATION (continued)

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
DIRECTORS P R Caffyn-Parsons
Lady C Caffyn- Parsons
T J Reed
REGISTERED OFFICE Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
United Kingdom
COMPANY NUMBER 01103285 (England and Wales)
ACCOUNTANT Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
BURLINGDALE LIMITED

BALANCE SHEET

AS AT 30 JUNE 2024
BURLINGDALE LIMITED

BALANCE SHEET (continued)

AS AT 30 JUNE 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 42,825 54,268
Investment property 4 6,165,000 6,165,000
6,207,825 6,219,268
Current assets
Debtors 5 49,163 101,369
Cash at bank and in hand 6 306,320 594,588
355,483 695,957
Creditors: amounts falling due within one year 7 ( 213,942) ( 250,841)
Net current assets 141,541 445,116
Total assets less current liabilities 6,349,366 6,664,384
Creditors: amounts falling due after more than one year 8 0 ( 249,244)
Provision for liabilities 9 ( 764,421) ( 772,991)
Net assets 5,584,945 5,642,149
Capital and reserves
Called-up share capital 10 100,000 100,000
Revaluation reserve 3,151,178 3,161,112
Profit and loss account 2,333,767 2,381,037
Total shareholder's funds 5,584,945 5,642,149

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Burlingdale Limited (registered number: 01103285) were approved and authorised for issue by the Board of Directors on 02 January 2025. They were signed on its behalf by:

Lady C Caffyn- Parsons
Director
BURLINGDALE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
BURLINGDALE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 30 JUNE 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Burlingdale Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery 4 years straight line
20 % reducing balance
Vehicles 4 years straight line
20 % reducing balance
Office equipment 4 years straight line
20 % reducing balance

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases


The Company as lessor
Amounts due from lessees under finance leases are recognised as receivables at the amount of the company’s net investment in the leases. Finance lease income is allocated to accounting periods so as to reflect a constant periodic rate of return on the company’s net investment outstanding in respect of leases.

Rental income from operating leases is recognised on a straight-line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight-line basis over the lease term.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Provisions

Provisions are recognised when the has a present obligation (legal or constructive) as a result of a past event, it is probable that the will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 6 6

3. Tangible assets

Plant and machinery Vehicles Office equipment Total
£ £ £ £
Cost
At 01 July 2023 57,414 43,351 17,745 118,510
Additions 0 5,995 981 6,976
Disposals 0 ( 6,412) 0 ( 6,412)
At 30 June 2024 57,414 42,934 18,726 119,074
Accumulated depreciation
At 01 July 2023 25,789 27,696 10,757 64,242
Charge for the financial year 9,743 6,201 2,434 18,378
Disposals 0 ( 6,371) 0 ( 6,371)
At 30 June 2024 35,532 27,526 13,191 76,249
Net book value
At 30 June 2024 21,882 15,408 5,535 42,825
At 30 June 2023 31,625 15,655 6,988 54,268
Leased assets included above:
Net book value
At 30 June 2024 6,209 0 0 6,209
At 30 June 2023 11,940 0 0 11,940

4. Investment property

Investment property
£
Valuation
As at 01 July 2023 6,165,000
Additions 13,246
Fair value movement (13,246)
As at 30 June 2024 6,165,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 2,229,891 2,216,645

5. Debtors

2024 2023
£ £
Trade debtors 21,805 75,734
Other debtors 27,358 25,635
49,163 101,369

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 252,069 550,341
Short-term deposits 54,251 44,247
306,320 594,588

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 0 18,500
Trade creditors 18,624 41,446
Other taxation and social security 10,941 12,192
Obligations under finance leases and hire purchase contracts 3,161 6,168
Other creditors 181,216 172,535
213,942 250,841

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 0 246,085
Obligations under finance leases and hire purchase contracts 0 3,159
0 249,244

There are no amounts included above in respect of which any security has been given by the small entity.

9. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 772,989) ( 369,019)
Credited/(charged) to the Profit and Loss Account 8,568 ( 403,970)
At the end of financial year ( 764,421) ( 772,989)

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100,000 Ordinary shares of £ 1.00 each 100,000 100,000