Registered number
01115607
Burlington Lodge Limited
Unaudited Filleted Accounts
31 December 2024
Burlington Lodge Limited
Registered number: 01115607
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1 1
Current assets
Debtors 4 4,075 1,518
Cash at bank and in hand 88,276 113,974
92,351 115,492
Creditors: amounts falling due within one year 5 (42,328) (41,558)
Net current assets 50,023 73,934
Net assets £ 50,024 £ 73,935
Capital and reserves
Called up share capital 14 14
Profit and loss account 50,010 73,921
Shareholders' funds £ 50,024 £ 73,935
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M J Page
Director
Approved by the board on 27 March 2025
Burlington Lodge Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover comprises of the service charges, parking levies and sinking fund receivable from tenant leaseholders.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the income tax payable by the trustees of the statutory trust imposed on the service charge account and sinking fund monies collected for the maintenance of the building by virtue of S.42 of The Landlord & Tenants Act 1987.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible freehold property 2024 2023
£ £
At cost in 1978, including conversion expenses 149,780 149,780
Less: Amounts received on granting 999 years leases to members (149,779) (149,779)
£ 1 £ 1
4 Debtors 2024 2023
£ £
Prepayments £ 1,440 £ 1,518
5 Creditors: amounts falling due within one year 2024 2023
£ £
Tenants' service charges in advance 39,707 37,411
Trust income tax payable 597 327
Sundry accruals 2,024 3,820
£ 42,328 £ 41,558
6 Other information
Burlington Lodge Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Burlington Lodge Studios
48 Rigault Road
London
SW6 4JJ
Burlington Lodge Limited 01115607 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts July 2024 M J Page No description of principal activity 01115607 2023-01-01 2023-12-31 01115607 core:WithinOneYear 2023-12-31 01115607 core:ShareCapital 2023-12-31 01115607 core:RetainedEarningsAccumulatedLosses 2023-12-31 01115607 2024-01-01 2024-12-31 01115607 bus:EntityNoLongerTradingButTradedInPast 2024-01-01 2024-12-31 01115607 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 01115607 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 01115607 bus:Director40 2024-01-01 2024-12-31 01115607 1 2024-01-01 2024-12-31 01115607 2 2024-01-01 2024-12-31 01115607 countries:England 2024-01-01 2024-12-31 01115607 bus:FRS102 2024-01-01 2024-12-31 01115607 bus:FilletedAccounts 2024-01-01 2024-12-31 01115607 2024-12-31 01115607 core:WithinOneYear 2024-12-31 01115607 core:ShareCapital 2024-12-31 01115607 core:RetainedEarningsAccumulatedLosses 2024-12-31 01115607 2023-12-31 iso4217:GBP xbrli:pure