Burnett & Burnett Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 11837914

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		1,705		2,131
Investment Properties	5		201,877		191,877

			203,582		194,008
CURRENT ASSETS
Cash at bank and in hand		30,649		31,217

		30,649		31,217
Creditors: Amounts Falling Due Within One Year	6	(83,694 )		(82,189 )

NET CURRENT ASSETS (LIABILITIES)			(53,045 )		(50,972 )

TOTAL ASSETS LESS CURRENT LIABILITIES			150,537		143,036

Creditors: Amounts Falling Due After More Than One Year	7		(123,025 )		(123,025 )

PROVISIONS FOR LIABILITIES
Deferred Taxation			(8,750 )		(4,750 )

NET ASSETS			18,762		15,261

CAPITAL AND RESERVES
Called up share capital	8		2		2
Revaluation reserve	9		26,250		20,250
Profit and Loss Account			(7,490 )		(4,991 )

SHAREHOLDERS' FUNDS			18,762		15,261

Page 1

Page 2

Burnett & Burnett Ltd

Balance Sheet (continued)

As At 28 February 2025

For the year ending 28 February 2025 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 Ralph Burnett

Director

10 October 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Burnett & Burnett Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11837914 . The registered office is 24 Picton House, Hussar Court, Waterlooville, Hampshire, PO7 7SQ.

The presentation currency of the financial statements is the Pound Sterling (£).

Accounts are rounded to the nearest pound.

The accounts represent the company as an individual entity.

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. Significant judgements and estimations

In preparing the financial statements in accordance with FRS 102, management is required to make judgements, estimates, and assumptions that affect the application of accounting policies and the reported amounts of assets, liabilities, income, and expenses. Actual results may differ from these estimates.

Estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.4. 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:

Fixtures & Fittings

20% on written down value

2.5. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Tangible Assets

	Fixtures & Fittings
	£
Cost or Valuation
As at 1 March 2024	3,082

As at 28 February 2025	3,082

...CONTINUED

Page 3

Page 4

Burnett & Burnett Ltd

Notes to the Financial Statements (continued)

For The Year Ended 28 February 2025

Depreciation
As at 1 March 2024	951
Provided during the period	426

As at 28 February 2025	1,377

Net Book Value
As at 28 February 2025	1,705

As at 1 March 2024	2,131

5. Investment Property

	2025
	£
Fair Value
As at 1 March 2024	191,877
Revaluations	10,000

As at 28 February 2025	201,877

6. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Other creditors	83,694	82,189

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

	2025	2024
	£	£
Bank loans	123,025	123,025

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary A shares of £ 1.00 each	1	1
1 Ordinary B shares of £ 1.00 each	1	1

	2	2

9. Reserves

	Revaluation Reserve
	£
As at 1 March 2024	20,250
Surplus on revaluation	6,000

As at 28 February 2025	26,250

Page 4