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REGISTERED NUMBER: 08574537 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BIRLEYWOOD LIMITED

BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BIRLEYWOOD LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTOR: D O Wignall





REGISTERED OFFICE: Vermont House
Bradley Lane
Standish
Wigan
WN6 0XF





REGISTERED NUMBER: 08574537 (England and Wales)





ACCOUNTANTS: Fairhurst Accountants Ltd
Chartered Accountants
Douglas Bank House
Wigan Lane
Wigan
Lancashire
WN1 2TB

BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)

STATEMENT OF FINANCIAL POSITION
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,427 66,570
Investments 5 50 50
Investment property 6 4,604,656 4,604,656
4,712,133 4,671,276

CURRENT ASSETS
Debtors 7 354,210 301,530
Cash at bank 17,377 137,038
371,587 438,568
CREDITORS
Amounts falling due within one year 8 3,814,601 4,376,777
NET CURRENT LIABILITIES (3,443,014 ) (3,938,209 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,269,119

733,067

CREDITORS
Amounts falling due after more than one
year

9

(463,333

)

-

PROVISIONS FOR LIABILITIES 11 (30,091 ) (19,000 )
NET ASSETS 775,695 714,067

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 775,693 714,065
SHAREHOLDERS' FUNDS 775,695 714,067

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)

STATEMENT OF FINANCIAL POSITION - continued
31 March 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 director and authorised for issue on 27 February 2025 and were signed by:





D O Wignall - Director


BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Birleywood Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Preparation of consolidated financial statements
The financial statements contain information about Birleywood Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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

Turnover represents the net invoice value of services provided.

Tangible fixed assets
Tangible fixed assets are included at cost or valuation less depreciation and impairment.

Depreciation is provided at the following rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Motor vehicles-25% on reducing balance
Computer equipment-15% on reducing balance
Plant & machinery-25% on reducing balance

Impairment of assets
At each reporting date assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss.

Where an impairment loss subsequently reverses, the carrying amount of each asset is increased to the revised estimate of its recoverable amount, to the extent that the increased carrying amount does not exceed the carrying amount that would have been determined (net of depreciation) had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised as income immediately.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less impairment.

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.

BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Short term trade creditors are measured at transaction price. Financial liabilities that have no stated interest rate and are payable within one year shall be measured at the undiscounted amount due.

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 tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Short term employee benefits
Short term employee benefits are recognised as an expense in the period in which they are incurred.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 28,250 85,274 3,310 116,834
Additions - 90,931 - 90,931
Disposals - (30,000 ) - (30,000 )
At 31 March 2024 28,250 146,205 3,310 177,765
DEPRECIATION
At 1 April 2023 9,329 38,747 2,188 50,264
Charge for year 4,731 30,761 168 35,660
Eliminated on disposal - (15,586 ) - (15,586 )
At 31 March 2024 14,060 53,922 2,356 70,338
NET BOOK VALUE
At 31 March 2024 14,190 92,283 954 107,427
At 31 March 2023 18,921 46,527 1,122 66,570

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 50
NET BOOK VALUE
At 31 March 2024 50
At 31 March 2023 50

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 4,604,656
NET BOOK VALUE
At 31 March 2024 4,604,656
At 31 March 2023 4,604,656

Investment property comprises of six properties. The fair value of the investment property has been arrived at on the basis of a valuation carried out by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

BIRLEYWOOD LIMITED (REGISTERED NUMBER: 08574537)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 70,854 38,085
Amounts owed by participating interests 241,611 186,604
Other debtors 5,679 34,435
Prepayments 36,066 42,406
354,210 301,530

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 20,000 -
Trade creditors 52,427 68,076
Tax 9,517 69,101
Social security and other taxes 39,435 32,578
Other creditors 95,930 88,722
Directors' current accounts 3,563,436 4,097,350
Deferred income 31,906 -
Accrued expenses 1,950 20,950
3,814,601 4,376,777

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 463,333 -

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 483,333 -

The bank loan is secured by way of a fixed and floating charge over the investment property of the company.

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 30,091 19,000

Deferred
tax
£   
Balance at 1 April 2023 19,000
Provided during year 11,091
Balance at 31 March 2024 30,091