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REGISTERED NUMBER: 04565739 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

BURLINGTON LAND LIMITED

BURLINGTON LAND LIMITED (Registered number: 04565739)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BURLINGTON LAND LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: D Itkin
A Itkin





SECRETARY: D Itkin





REGISTERED OFFICE: C/O Golder Baqa
Ground Floor
1 Bakers Row
London
EC1R 3DB





REGISTERED NUMBER: 04565739 (England and Wales)





ACCOUNTANTS: Golder Baqa Limited
Ground Floor
1 Baker's Row
London
EC1R 3DB

BURLINGTON LAND LIMITED (Registered number: 04565739)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,047 1,560
Investments 5 776 776
Investment property 6 3,746,539 3,746,539
3,748,362 3,748,875

CURRENT ASSETS
Debtors 7 923,851 867,164
Cash at bank 639,554 627,792
1,563,405 1,494,956
CREDITORS
Amounts falling due within one year 8 271,363 195,888
NET CURRENT ASSETS 1,292,042 1,299,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,040,404

5,047,943

CREDITORS
Amounts falling due after more than one
year

9

(118,750

)

(143,750

)

ACCRUALS AND DEFERRED INCOME (71,787 ) (42,667 )
NET ASSETS 4,849,867 4,861,526

CAPITAL AND RESERVES
Called up share capital 17,977 17,977
Share premium 10 4,522,899 4,522,899
Retained earnings 10 308,991 320,650
4,849,867 4,861,526

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.

BURLINGTON LAND LIMITED (Registered number: 04565739)

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 March 2025 and were signed on its behalf by:





D Itkin - Director


BURLINGTON LAND LIMITED (Registered number: 04565739)

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

1. STATUTORY INFORMATION

BURLINGTON LAND 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.

Turnover
Turnover represents net invoiced sales of services, excluding Value Added Tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - 15% on cost
Office Equipment - 25% on reducing balance

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.

Taxation
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.

3. EMPLOYEES AND DIRECTORS

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

BURLINGTON LAND LIMITED (Registered number: 04565739)

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

4. TANGIBLE FIXED ASSETS
Fixtures Office
& fittings Equipment Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 1,423 10,376 11,799
DEPRECIATION
At 1 July 2023 1,065 9,174 10,239
Charge for year 213 300 513
At 30 June 2024 1,278 9,474 10,752
NET BOOK VALUE
At 30 June 2024 145 902 1,047
At 30 June 2023 358 1,202 1,560

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023
and 30 June 2024 776
NET BOOK VALUE
At 30 June 2024 776
At 30 June 2023 776

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 3,746,539
NET BOOK VALUE
At 30 June 2024 3,746,539
At 30 June 2023 3,746,539

7. DEBTORS
30.6.24 30.6.23
£    £   
Amounts falling due within one year:
Trade debtors 11,466 36,495
Directors' loan account 119,965 81,098
Tax 48,129 35,012
Prepayments and accrued income 9,732 -
189,292 152,605

BURLINGTON LAND LIMITED (Registered number: 04565739)

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

7. DEBTORS - continued
30.6.24 30.6.23
£    £   
Amounts falling due after more than one year:
Trade debtors 734,559 714,559

Aggregate amounts 923,851 867,164

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 25,000 25,000
Trade creditors 52,310 4,270
Other creditors 180,240 153,389
Corporation tax 13,117 13,184
VAT 696 45
271,363 195,888

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 1-2 years 25,000 25,000
Bank loans - 2-5 years 75,000 75,000
Bank loans more 5 yr by instal 18,750 43,750
118,750 143,750

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 18,750 43,750

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 July 2023 320,650 4,522,899 4,843,549
Deficit for the year (11,659 ) (11,659 )
At 30 June 2024 308,991 4,522,899 4,831,890

BURLINGTON LAND LIMITED (Registered number: 04565739)

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

11. RELATED PARTY DISCLOSURES

SCI MLR
The company holds an investment of £349 in the equity share capital of SCI MLR, a company incorporated in France. The remaining equity shares are held by Mr D Itkin, a director and shareholder of Burlington Land Ltd.

The company has previously advanced loans totalling £494,877 to SCI MLR. A further £10,000 was granted in the current year. The current balance outstanding is £504,877 (2023 - £494,877). The term of the loan is 20 years and the interest rate is 3.5% per annum. No interest was received in this year or the previous year. Total interest receivable at the balance sheet date amounted to £258,224 (2023 - £240,553) and will be reflected in the accounts when received.

SCI Vendome
The company holds an investment of £427 in the equity share capital of SCI Vendome, a company incorporated in France. The directors of Burlington Land Limited have a majority interest in the remaining equity shares of SCI Vendome.

The company has granted 15 year loans totalling £204,299 to SCI Vendome as of 1 July 2019. Further loans of £15,383 and £10,000 were granted in the years ended 30 June 2020 and 30 June 2024 with repayment terms of 20 years and bearing interest at 3.5% per annum. Total interest receivable at the balance sheet date amounted to £80,872 (2023 - £72,833) and will be reflected in the accounts when received.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is D Itkin.