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REGISTERED NUMBER: 02329644 (England and Wales)















Buriton Estates Limited

Financial Statements for the Year Ended 30th September 2024






Buriton Estates Limited (Registered number: 02329644)

Contents of the Financial Statements
for the Year Ended 30th September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Buriton Estates Limited

Company Information
for the Year Ended 30th September 2024







DIRECTORS: G J Gold
R A Barnett





REGISTERED OFFICE: 1 Jacobs Yard
North Lane
Buriton
Petersfield
Hampshire
GU31 5RR





REGISTERED NUMBER: 02329644 (England and Wales)





ACCOUNTANTS: Sheen Stickland
Chartered Accountants
2 Oriel Court
Omega Park
Alton
Hampshire
GU34 2YT

Buriton Estates Limited (Registered number: 02329644)

Balance Sheet
30th September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,753,767 1,732,839

CURRENT ASSETS
Stocks 25,136 49,222
Debtors 5 310,310 317,949
Cash at bank 144,627 15,273
480,073 382,444
CREDITORS
Amounts falling due within one year 6 (57,572 ) (52,463 )
NET CURRENT ASSETS 422,501 329,981
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,176,268

2,062,820

PROVISIONS FOR LIABILITIES 7 (4,174 ) -
NET ASSETS 2,172,094 2,062,820

CAPITAL AND RESERVES
Called up share capital 8 20,000 20,000
Retained earnings 9 2,152,094 2,042,820
SHAREHOLDERS' FUNDS 2,172,094 2,062,820

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

Buriton Estates Limited (Registered number: 02329644)

Balance Sheet - continued
30th September 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 2nd June 2025 and were signed on its behalf by:





R A Barnett - Director


Buriton Estates Limited (Registered number: 02329644)

Notes to the Financial Statements
for the Year Ended 30th September 2024


1. STATEMENT OF COMPLIANCE

Buriton Estates Limited is a company limited by shares and is incorporated in England and Wales, registration number 02329644. The registered office is 1 Jacobs Yard, North Lane, Buriton, Petersfield, Hampshire, GU31 5RR

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.

Related party exemption
The company has taken advantage of the exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding value added tax. The following criteria must also be met before income is recognised:

Farming
Turnover in respect of crops grown in the current period sold on forward contracts are recognised in the current period at the expected price of the crops on maturity of the contract.

Rent Receivable
Rent receivable is recognised on a straight line basis over the term of the lease.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold Land- Not depreciated
Freehold Property- 2% straight line
Plant & Machinery- 10-20% straight line
Motor Vehicles- 10-20% straight line

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate.

Stocks
Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost includes all direct costs.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement.

Buriton Estates Limited (Registered number: 02329644)

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


2. ACCOUNTING POLICIES - continued

Financial instruments
Financial assets and financial liabilities are recognised when the Company becomes party to the contractual provisions of the financial instrument.

Cash and cash equivalents
These comprise cash at bank.

Debtors
Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Income Statement when there is objective evidence that the asset is impaired.

Creditors
Creditors are not interest bearing and are stated at their nominal value.

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 1 (2023 - 1 ) .

Buriton Estates Limited (Registered number: 02329644)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings Totals
£    £    £    £   
COST
At 1st October 2023 1,833,878 51,094 24,388 1,909,360
Additions 16,341 - 11,573 27,914
Disposals - (1,711 ) (380 ) (2,091 )
At 30th September 2024 1,850,219 49,383 35,581 1,935,183
DEPRECIATION
At 1st October 2023 103,607 48,695 24,219 176,521
Charge for year 5,065 1,230 691 6,986
Eliminated on disposal - (1,711 ) (380 ) (2,091 )
At 30th September 2024 108,672 48,214 24,530 181,416
NET BOOK VALUE
At 30th September 2024 1,741,547 1,169 11,051 1,753,767
At 30th September 2023 1,730,271 2,399 169 1,732,839

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 20,832 4,253
Other debtors 55,808 20,383
VAT 4,849 4,747
Prepayments and accrued income 8,821 8,566
90,310 37,949

Amounts falling due after more than one year:
Amounts owed by related parties 220,000 280,000

Aggregate amounts 310,310 317,949

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 33,714 21,016
Other creditors 9,627 300
Accruals and deferred income 14,231 31,147
57,572 52,463

Buriton Estates Limited (Registered number: 02329644)

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


7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 4,174 -

Deferred
tax
£   
Provided during year 4,174
Balance at 30th September 2024 4,174

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20,000 Ordinary £1 20,000 20,000

9. RESERVES
Retained
earnings
£   

At 1st October 2023 2,042,820
Profit for the year 109,274
At 30th September 2024 2,152,094

10. CONTINGENT LIABILITIES

Buriton Estates Limited is the guarantor on a loan for Miscombe Group Limited, whereby the loan is secured over the assets of the company. The outstanding loan balance as at 30th September 2024 is £1,500,000. (2023: £2,000,000).

11. ULTIMATE CONTROLLING PARTY

The company's immediate parent undertaking is Miscombe Group Limited, a company incorporated in England and Wales. The ultimate controlling party is R A Barnett by virtue of being Settlor of The KDB Trust that controls Miscombe Trading Limited, parent of Miscombe Group Limited.

The registered office for both of these companies is 1 Jacobs Yard, North Lane, Buriton, Petersfield, Hampshire, GU31 5RR.

The smallest and largest group in which results are consolidated is that headed by Miscombe Group Limited. The consolidated financial statements are available to the public and can be obtained from Companies House (https://beta.companieshouse.gov.uk/).