Company Registration No. SC592151 (Scotland)
Burnawn Holdings Ltd
Unaudited accounts
for the year ended 30 September 2024
Burnawn Holdings Ltd
Unaudited accounts
Contents
Burnawn Holdings Ltd
Statement of financial position
as at 30 September 2024
Investment property
124,679
124,679
Investments
130,367
210,350
Cash at bank and in hand
34,448
36,791
Creditors: amounts falling due within one year
(255,540)
(356,284)
Net current liabilities
(146,276)
(244,762)
Total assets less current liabilities
108,770
90,267
Provisions for liabilities
Other provisions
(3,999)
(3,145)
Called up share capital
250
250
Fair value reserve
35,226
16,063
Profit and loss account
69,295
70,809
Shareholders' funds
104,771
87,122
For the year ending 30 September 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 March 2025 and were signed on its behalf by
Martin Sneddon
Director
Company Registration No. SC592151
Burnawn Holdings Ltd
Notes to the Accounts
for the year ended 30 September 2024
Burnawn Holdings Ltd is a private company, limited by shares, registered in Scotland, registration number SC592151. The registered office is Unit 4 Mayfield Industrial Estate, Hurlford, Kilmarnock, KA1 5EX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents net rental income receivable.
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Investments in subsidiaries, associates and joint ventures accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income or profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Other fixed asset investments which are listed are measured at fair value with changes in fair value being recognised in profit or loss.
All other Investments held as fixed assets are initially recorded at cost, and are subsequently stated at cost less any accumulated impairment losses.
Burnawn Holdings Ltd
Notes to the Accounts
for the year ended 30 September 2024
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.
Fair value at 1 October 2023
124,679
At 30 September 2024
124,679
Investment property consists of warehouse space. The directors consider the valuation to be a fair reflection of open market value at the balance sheet date.
5
Investments
Subsidiary undertakings
Other investments
Total
Valuation at 1 October 2023
250
210,100
210,350
Fair value adjustments
-
15,997
15,997
Disposals
-
(95,980)
(95,980)
Valuation at 30 September 2024
250
130,117
130,367
Amounts falling due within one year
Accrued income and prepayments
844
759
Other debtors
73,972
73,972
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Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
251,391
351,391
Taxes and social security
3,899
3,903
Allotted, called up and fully paid:
200 Ordinary 'A' shares of £1 each
200
200
50 Ordinary 'B' shares of £1 each
50
50
Burnawn Holdings Ltd
Notes to the Accounts
for the year ended 30 September 2024
9
Transactions with related parties
Included in debtors at the year end is a balance of £73,972 (2023: £73,972) owed by Burnawn Fitness Ltd, a company under common control.
Included in creditors at the year end is a sum of £251,391 (2023: £351,391) owed to Burnawn Services Ltd, a wholly-owned subsidiary.
The company is under the control of its directors, who between them hold 100% of the issued share capital.
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Average number of employees
During the year the average number of employees was 0 (2023: 0).