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REGISTERED NUMBER: 03842504 (England and Wales)














BURNINGFOLD LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






BURNINGFOLD LIMITED (REGISTERED NUMBER: 03842504)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


BURNINGFOLD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTORS: Mr R J Muddle
Mr H R Muddle





REGISTERED OFFICE: Wephurst Park
Skiff Lane
Wisborough Green
West Sussex
RH14 0AE





REGISTERED NUMBER: 03842504 (England and Wales)





ACCOUNTANTS: Gibbons Mannington & Phipps LLP
Chartered Accountants
Landgate Chambers
24 Landgate
Rye
East Sussex
TN31 7LJ

BURNINGFOLD LIMITED (REGISTERED NUMBER: 03842504)

BALANCE SHEET
30 SEPTEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,601,094 3,628,023

CURRENT ASSETS
Stocks - 11,735
Debtors 5 168,783 233,207
Cash at bank 26,982 35,866
195,765 280,808
CREDITORS
Amounts falling due within one year 6 424,176 385,772
NET CURRENT LIABILITIES (228,411 ) (104,964 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,372,683

3,523,059

CREDITORS
Amounts falling due after more than
one year

7

1,906,719

1,732,252
NET ASSETS 1,465,964 1,790,807

CAPITAL AND RESERVES
Called up share capital 8 3,550,000 3,550,000
Retained earnings (2,084,036 ) (1,759,193 )
SHAREHOLDERS' FUNDS 1,465,964 1,790,807

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

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

BURNINGFOLD LIMITED (REGISTERED NUMBER: 03842504)

BALANCE SHEET - continued
30 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 24 June 2025 and were signed on its behalf by:





Mr R J Muddle - Director


BURNINGFOLD LIMITED (REGISTERED NUMBER: 03842504)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Burningfold Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover represents net invoiced sales, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost, 2% on cost and Land - nil
Freehold improvements - 2% on cost
Plant and machinery - 15% on reducing balance
Polo ponies - 14% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

BURNINGFOLD LIMITED (REGISTERED NUMBER: 03842504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


2. ACCOUNTING POLICIES - continued

GOING CONCERN
The financial statements have been prepared on a going concern basis which assumes that the company will receive financial support from one of its directors. The director has indicated that he will continue to provide this support for the foreseeable future. The financial statements do not include any adjustments that would result from a withdrawal of support by the director.

GRANT INCOME RECOGNITION
Grant income has been recognised under the performance model.

Grants that do not specify any future performance-related conditions are recorded when the grant proceeds are received or receivable. Any grant that imposes specified future performance-related conditions is recognised only when the performance-related conditions are met. Grants received before the revenue recognition criteria are satisfied are recognised as a liability

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Freehold Freehold Plant and
property improvements machinery
£    £    £   
COST
At 1 October 2023 3,654,678 579,289 499,468
Additions - 61,293 -
Disposals - - -
At 30 September 2024 3,654,678 640,582 499,468
DEPRECIATION
At 1 October 2023 772,328 15,633 346,197
Charge for year 58,528 12,812 22,990
Eliminated on disposal - - -
At 30 September 2024 830,856 28,445 369,187
NET BOOK VALUE
At 30 September 2024 2,823,822 612,137 130,281
At 30 September 2023 2,882,350 563,656 153,271

BURNINGFOLD LIMITED (REGISTERED NUMBER: 03842504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Polo Motor Computer
ponies vehicles equipment Totals
£    £    £    £   
COST
At 1 October 2023 13,312 77,622 17,622 4,841,991
Additions - 15,297 2,267 78,857
Disposals (13,312 ) (14,538 ) - (27,850 )
At 30 September 2024 - 78,381 19,889 4,892,998
DEPRECIATION
At 1 October 2023 12,223 57,284 10,303 1,213,968
Charge for year - 8,903 1,438 104,671
Eliminated on disposal (12,223 ) (14,512 ) - (26,735 )
At 30 September 2024 - 51,675 11,741 1,291,904
NET BOOK VALUE
At 30 September 2024 - 26,706 8,148 3,601,094
At 30 September 2023 1,089 20,338 7,319 3,628,023

Included in cost of land and buildings is freehold land of £ 1,061,252 (2023 - £ 1,061,252 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 18,944 157,001
Other debtors 149,839 76,206
168,783 233,207

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 48,395 102,145
Taxation and social security 2,265 (10,215 )
Other creditors 363,516 283,842
424,176 385,772

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 8,334 18,334
Other creditors 1,898,385 1,713,918
1,906,719 1,732,252

BURNINGFOLD LIMITED (REGISTERED NUMBER: 03842504)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024


8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,550,000 Ordinary £1 3,550,000 3,550,000