Burrington Estates (Commercial) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 10017860

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		3,159		4,212
Investments	5		4,298,034		4,298,034

			4,301,193		4,302,246
CURRENT ASSETS
Debtors	6	9,767,667		8,539,680
Cash at bank and in hand		45		94

		9,767,712		8,539,774
Creditors: Amounts Falling Due Within One Year	7	(4,678,487 )		(3,783,425 )

NET CURRENT ASSETS (LIABILITIES)			5,089,225		4,756,349

TOTAL ASSETS LESS CURRENT LIABILITIES			9,390,418		9,058,595

Creditors: Amounts Falling Due After More Than One Year	8		(7,022,838 )		(6,454,499 )

NET ASSETS			2,367,580		2,604,096

CAPITAL AND RESERVES
Called up share capital	9		102		102
Share premium account			13,387		13,387
Profit and Loss Account			2,354,091		2,590,607

SHAREHOLDERS' FUNDS			2,367,580		2,604,096

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Burrington Estates (Commercial) Limited

Balance Sheet (continued)

As At 31 December 2024

For the year ending 31 December 2024 the company was entitled to exemption from audit 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.

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

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mark Edworthy Director	Mr Paul Scantlebury Director
18 September 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Burrington Estates (Commercial) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10017860 . The registered office is Winslade House, Winslade Drive, Clyst St Mary, EX5 1FY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The company has incurred a loss during the year. Whilst the company's balance sheet shows overall net assets of £2,367,580 (2023 £2,604,096), due to continued losses and the high cost of debt the Directors have had to consider the basis upon which the accounts should be prepared and determine whether a going concern basis remains appropriate. The accounts have been prepared on a going concern basis as the Directors and Group companies which have provided financial support to the company will continue to do so, to enable the company to return to profitability or to realise value through the sale of the groups assets. The Directors have reviewed the position for 12 months from the date the accounts were prepared.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Computer Equipment

25% reducing balance

2.4. Debtors

Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the

effective interest method, less provision for impairment. Trade debtors are amounts due from customers for

merchandise sold or services performed in the ordinary course of business.

A provision for the impairment of debtors is established when there is objective evidence that the company will not

be able to collect all amounts due according to the original terms of the receivables.

2.5. Creditors

Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the

effective interest method. Trade creditors are obligations to pay for goods or services that have been acquired in the

ordinary course of business from suppliers.

Creditors are classified as current liabilities if the company does not have an unconditional right, at the end of the

reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an

unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as

non-current liabilities.

2.6. Group accounts not prepared

Under the provision of Section 399 of the Companies Act 2006, the company is exempt from preparing consolidated

accounts and has not done so. The accounts show information about the company as an individual company..

3. Average Number of Employees

Average number of employees, including directors, during the year was: 2 (2023: 2)

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Burrington Estates (Commercial) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

4. Tangible Assets

	Computer Equipment
	£
Cost
As at 1 January 2024	11,278

As at 31 December 2024	11,278

Depreciation
As at 1 January 2024	7,066
Provided during the period	1,053

As at 31 December 2024	8,119

Net Book Value
As at 31 December 2024	3,159

As at 1 January 2024	4,212

5. Investments

	Subsidiaries
	£
Cost
As at 1 January 2024	4,564,503

As at 31 December 2024	4,564,503

Provision
As at 1 January 2024	266,469

As at 31 December 2024	266,469

Net Book Value
As at 31 December 2024	4,298,034

As at 1 January 2024	4,298,034

Details of undertakings:

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking	Registered office	Holding	Proportion of voting rights and shares held
			2024	2023
Subsidiary undertakings
Burrington Business Park Limited	Winslade House, Winslade Drive, Clyst St Mary, EX5 1FY UK	Ordinary	100%	100%
Ocean Crescent Limited	Winslade House, Winslade Drive, Clyst St Mary, EX5 1FY UK	Ordinary	100%	100%
Dean Clarke Estate Limited	Winslade House, Winslade Drive, Clyst St Mary, EX5 1FY UK	Ordinary	100%	100%
The Ship (Derriford) Limited	Winslade House, Winslade Drive, Clyst St Mary, EX5 1FY UK	Ordinary	54.5%	54.5%

...CONTINUED

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Burrington Estates (Commercial) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

5. Investments - continued

Subsidiary undertakings

Burrington Business Park Limited

The principal activity of Burrington Business Park Limited is letting of commercial property (ceased July 2022).

Ocean Crescent Limited

The principal activity of Ocean Crescent Limited is letting of residential property.

Dean Clarke Estate Limited

The principal activity of Dean Clarke Estate Limited is letting of commercial and residential property.

The Ship (Derriford) Limited

The principal activity of The Ship (Derriford) Limited is letting of commercial property.

6. Debtors

	2024	2023
	£	£
Due within one year
Amounts owed by group undertakings	8,248,137	7,635,241
Other debtors	1,519,530	904,439

	9,767,667	8,539,680

7. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	3,196	6,804
Bank loans and overdrafts	5,364	5,281
Other creditors	4,669,927	3,771,340

	4,678,487	3,783,425

8. Creditors: Amounts Falling Due After More Than One Year

	2024	2023
	£	£
Bank loans	7,022,838	6,454,499

The bank loan is secured by a fixed and floating charge over all property and undertakings of the group.

9. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	102	102

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