Registered number
11096303
Paul Burge Properties Ltd
Filleted Accounts
31 March 2025
Paul Burge Properties Ltd
Registered number: 11096303
Balance Sheet
as at 31 March 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 480,452 480,452
Current assets
Debtors 4 450 486
Cash at bank and in hand 12,716 2,443
13,166 2,929
Creditors: amounts falling due within one year 5 (147,954) (155,903)
Net current liabilities (134,788) (152,974)
Total assets less current liabilities 345,664 327,478
Creditors: amounts falling due after more than one year 6 (348,000) (328,528)
Net liabilities (2,336) (1,050)
Capital and reserves
Called up share capital 100 100
Profit and loss account (2,436) (1,150)
Shareholders' funds (2,336) (1,050)
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.
Paul Burge
Director
Approved by the board on 30 April 2025
Paul Burge Properties Ltd
Notes to the Accounts
for the year ended 31 March 2025
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 includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Freehold buildings are not depreciated as in the opinion of the Directors the current value exceeds the historical cost.
Fixtures, fittings, tools and equipment 20% reducing balance
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 tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2024 480,452
At 31 March 2025 480,452
Depreciation
At 31 March 2025 -
Net book value
At 31 March 2025 480,452
At 31 March 2024 480,452
4 Debtors 2025 2024
£ £
Other debtors 450 486
5 Creditors: amounts falling due within one year 2025 2024
£ £
Bank loans and overdrafts 5,000 5,000
Other creditors 142,954 150,903
147,954 155,903
6 Creditors: amounts falling due after one year 2025 2024
£ £
Bank loans 348,000 328,528
7 Loans 2025 2024
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 346,750 322,278
Secured bank loans 346,750 322,278
The company's freehold property is secured for the mortgage loan.
8 Related party transactions
At the balance sheet date the company owed £142,320 (2024 - £150,319) to the directors Mr.P.Burge and Mrs.S.Burge who are also the joint shareholders of the company.The loan is unsecured and interest free and it is repayable on demand.
9 Controlling party
The company is jointly controlled by Mr.P.Burge and Mrs.S.Burge
10 Other information
Paul Burge Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
46 Nelmes Way
Hornchurch
Essex
RM11 2QZ
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