PATRICK BURLING DEVELOPMENTS LIMITED

Company Registration Number:
01845598 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2024

Period of accounts

Start date: 01 September 2023

End date: 31 August 2024

PATRICK BURLING DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2024

Balance sheet
Notes

PATRICK BURLING DEVELOPMENTS LIMITED

Balance sheet

As at 31 August 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 164,987 158,398
Investments: 4 2,800,000 6,000,000
Total fixed assets: 2,964,987 6,158,398
Current assets
Stocks: 3,200,000 0
Debtors: 5 92,334 42,603
Cash at bank and in hand: 209,996 140,141
Total current assets: 3,502,330 182,744
Creditors: amounts falling due within one year: 6 (562,224) (332,541)
Net current assets (liabilities): 2,940,106 (149,797)
Total assets less current liabilities: 5,905,093 6,008,601
Creditors: amounts falling due after more than one year: 7 (220,255) (258,560)
Provision for liabilities: (1,284,032) (1,284,032)
Total net assets (liabilities): 4,400,806 4,466,009
Capital and reserves
Called up share capital: 1,002 1,002
Other reserves: 3,159,155 3,159,155
Profit and loss account: 1,240,649 1,305,852
Shareholders funds: 4,400,806 4,466,009

The notes form part of these financial statements

PATRICK BURLING DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 22 May 2025
and signed on behalf of the board by:

Name: P R Burling
Status: Director

The notes form part of these financial statements

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

2. Employees

2024 2023
Average number of employees during the period 5 5

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

3. Tangible Assets

Total
Cost £
At 01 September 2023 363,824
Additions 61,584
At 31 August 2024 425,408
Depreciation
At 01 September 2023 205,426
Charge for year 54,995
At 31 August 2024 260,421
Net book value
At 31 August 2024 164,987
At 31 August 2023 158,398

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

4. Fixed investments

Investment Property Fair value At 1 September 2023 £6,000,000 Reclassification / transfer £3,200,000 At 31 August 2024 £2,800,000 Net book value At 31 August 2024 £2,800,000 At 31 August 2023 £6,000,000 Fair value at 31 August 2024 is represented by: Valuation in 2019 4,076,129 Valuation in 2021 (2,000,000) Valuation in 2022 3,060,000 Valuation in 2024 (3,200,000) Cost £863,871 Total £2,800,000

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

5. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

6. Creditors: amounts falling due within one year note

2024 Bank loans and overdrafts £38,305 Trade creditors £346,954 Taxation and social security £153,523 Other creditors £23,442 Total £562,224 2023 Bank loans and overdrafts £38,305 Trade creditors £146,966 Taxation and social security £122,398 Other creditors £24,872 Total £332,541

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2024

7. Creditors: amounts falling due after more than one year note

2024 Bank loans £220,255 2023 Bank loans £258,560 Bank loans and overdrafts are secured against the investment property and properties held in stock which are part of the property portfolio