Company registration number 00547037 (England and Wales)
BIRDHURST INVESTMENT COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
PAGES FOR FILING WITH REGISTRAR
BIRDHURST INVESTMENT COMPANY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
BIRDHURST INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00547037)
BALANCE SHEET
AS AT
31 MARCH 2025
31 March 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
3
11,611,261
11,611,261
Current assets
Debtors
135
Cash at bank and in hand
3,086,834
2,490,929
3,086,834
2,491,064
Creditors: amounts falling due within one year
4
(945,655)
(930,745)
Net current assets
2,141,179
1,560,319
Total assets less current liabilities
13,752,440
13,171,580
Creditors: amounts falling due after more than one year
5
(650,000)
(650,000)
Net assets
13,102,440
12,521,580
Capital and reserves
Called up share capital
5,000
5,000
Capital redemption reserve
1,249,244
1,249,244
Distributable profit and loss reserves
11,848,196
11,267,336
Total equity
13,102,440
12,521,580
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
BIRDHURST INVESTMENT COMPANY LIMITED (REGISTERED NUMBER: 00547037)
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2025
31 March 2025
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 7 July 2025 and are signed on its behalf by:
Mr B J Darkin
Director
BIRDHURST INVESTMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -
1
Accounting policies
Company information
Birdhurst Investment Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Estcots Barn, College Lane, East Grinstead, West Sussex, RH19 3LR.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Going concern
Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3
Turnover
Turnover represents the value of rents and fees invoiced by the company, net of VAT.
1.4
Investment property
Investment property, which is property held to earn rentals and for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable.
1.6
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.7
During the course of ordinary activities the company may collect rent deposits, some of which are held in designated bank accounts. As such, these balances do not represent assets of the company as they do not convey on the company any rights or other access to future economic benefits.
On this basis such designated bank accounts are not included in the company's balance sheet together with the corresponding liability to repay the amounts to the third parties.
BIRDHURST INVESTMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
1
3
Investment property
2025
£
Fair value
At 1 April 2024 and 31 March 2025
11,611,261
The investment properties were valued on an open market basis on 31 March 2025 by the director B J Darkin.
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as £13,381,388 (2024 - £13,381,388).
4
Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
128,071
153,103
Taxation and social security
242,123
235,236
Other creditors
575,461
542,406
945,655
930,745
5
Creditors: amounts falling due after more than one year
2025
2024
£
£
Other creditors
650,000
650,000
6
Director's transactions
As at the balance sheet date, there was a director's loan account balance of £680,217 (2024 - £730,122) of which, £30,217 is shown within other creditors due within one year and £650,000 shown in other creditors due after one year.
BIRDHURST INVESTMENT COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 5 -
7
Designated bank accounts
As at the balance sheet date, the company held £20,045 (2024 - £55,207) in designated bank accounts.