2023-07-01 06038526 2024-06-30 06038526 2023-07-01 2024-06-30 06038526 2023-06-30 06038526 2022-07-01 2023-06-30 06038526 uk-core:WithinOneYear 2023-06-30 06038526 uk-core:WithinOneYear 2024-06-30 06038526 uk-core:AfterOneYear 2023-06-30 06038526 uk-core:AfterOneYear 2024-06-30 06038526 uk-core:ShareCapital 2024-06-30 06038526 uk-core:ShareCapital 2023-06-30 06038526 uk-core:RetainedEarningsAccumulatedLosses 2024-06-30 06038526 uk-core:RetainedEarningsAccumulatedLosses 2023-06-30 06038526 uk-bus:Director1 2023-07-01 2024-06-30 06038526 uk-core:PlantMachinery 2023-07-01 2024-06-30 06038526 uk-core:PlantMachinery 2023-06-30 06038526 uk-core:Land 2023-06-30 06038526 uk-core:Land 2024-06-30 06038526 uk-core:PlantMachinery 2024-06-30 06038526 uk-core:Land 2023-07-01 2024-06-30 06038526 uk-core:WithinOneYear uk-core:Secured 2024-06-30 06038526 uk-core:WithinOneYear uk-core:Secured 2023-06-30 iso4217:GBP xbrli:pure 06038526 uk-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 06038526 uk-bus:FRS102 2023-07-01 2024-06-30 06038526 uk-bus:FilletedAccounts 2023-07-01 2024-06-30 06038526 uk-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30
Burston Properties Limited
Registered Number:06038526
For the year ended 30 June 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 June 2024
Burston Properties Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
06038526
As at 30 June 2024
Burston Properties Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,791,000
1,793,223
2
1,791,000
1,793,223
Trade and other payables: amounts falling due within one year
(188,881)
(211,069)
4
(188,881)
(211,069)
Net current liabilities
Total assets less current liabilities
1,579,931
1,604,342
Trade and other payables: amounts falling due after more than one
year
(1,436,836)
(1,373,217)
5
206,714
Net assets
167,506
Capital and reserves
Called up share capital
100
100
Retained earnings
206,614
167,406
206,714
167,506
Shareholders' funds
For the year ended 30 June 2024 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
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 proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Charles Kerrigan Director
These financial statements were approved and authorised for issue by the Board on 24 March 2025 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 30 June 2024
Burston Properties Limited
Notes to the Financial Statements
Statutory Information
Burston Properties Limited is a private limited company, limited by shares, domiciled in England and Wales, registration number
06038526.
Registered address:
29 Elsynge Road
London
SW18 2HR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting Standard
102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the Companies Act 2006. The
financial statements have been prepared under the historical costs convention as modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
15% Reducing balance
2. Property, plant and equipment
Total
Plant and
Machinery
Land and
Buildings
£
£
£
Cost or valuation
At 01 July 2023
1,977,100
198,700
1,778,400
At 30 June 2024
1,778,400
198,700
1,977,100
Provision for depreciation and impairment
At 01 July 2023
183,877
183,877
-
Charge for year
2,223
2,223
-
At 30 June 2024
186,100
186,100
-
At 30 June 2024
Net book value
1,778,400
12,600
1,791,000
At 30 June 2023
1,778,400
14,823
1,793,223
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5
For the year ended 30 June 2024
Burston Properties Limited
Notes to the Financial Statements Continued
3. Investment property
The investment properties are held for long-term investment. Investment properties are accounted for in accordance with SSAP19 as follows:(i) no depreciation is provided in respect of investment properties and they are revalued annualy. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year; and(ii) no depreciation is provided in respect of leasehold investment properties where the lease has over 20 years to run. The treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets, however, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give and true and fair view.
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft (secured)
61,955
59,326
Taxation and social security
9,835
12,249
Other creditors
139,279
117,306
211,069
188,881
5. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Bank loans and overdraft (secured)
838,217
901,836
Other creditors
535,000
535,000
1,373,217
1,436,836
6. Average number of persons employed
During the year the average number of employees was 0
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