REGISTERED NUMBER: 11172656 (England and Wales)

Financial Statements for the Year Ended 31st January 2025

for

Burgess Property Projects Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R D Burgess

V V Mehta

Mrs D Burgess

REGISTERED OFFICE:

54 Newberries Avenue

Radlett

WD7 7EP

REGISTERED NUMBER:

11172656 (England and Wales)

ACCOUNTANTS:

Vitta Advisory Limited

54 Newberries Avenue

Radlett

WD7 7EP

CURRENT ASSETS

Work in progress

1,230,725

1,054,522

Debtors

4

10,971

9,742

Cash at bank

2,677

10,143

1,244,373

1,074,407

CREDITORS

Amounts falling due within one year

5

(1,263,658

)

(1,088,549

)

NET CURRENT LIABILITIES

(19,285

)

(14,142

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(19,285

)

(14,142

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(19,385

)

(14,242

)

(19,285

)

(14,142

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2025 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.

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 30th October 2025 and were signed on its behalf by:

R D Burgess - Director

1.	STATUTORY INFORMATION

Burgess Property Projects Ltd 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.

The Directors believes, after due and careful enquiry, that the company has sufficient resources for its present requirements and is able to meet its liabilities as they fall due for the foreseeable future, being a period of at least twelve months from the date of signing of these financial statements.

Work in progress

Work in progress is valued at the lower of cost and net realisable value.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Other debtors

10,971

9,742

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/1/25

31/1/24

£

£

Bank loans and overdrafts

491,015

491,015

Amounts owed to group undertakings

730,744

432,287

Other creditors

41,899

165,247

1,263,658

1,088,549

6.	RELATED PARTY DISCLOSURES

The company is an 80% owned subsidiary of Burgess Developments Holdings Limited, a company incorporated and registered in the United Kingdom. The remaining 20% of the company’s share capital is owned by Grey Owl Holdings Ltd. Burgess Developments Holdings Limited is therefore regarded as the company’s immediate and ultimate parent undertaking.

At the balance sheet date, the following balance was outstanding with related parties:

An amount of £430,744 was payable to Refined Commerce Limited (2024: £432,287). Refined Commerce Limited is a fellow subsidiary, being a 100% owned subsidiary of Burgess Developments Holdings Limited.

An amount of £300,000 was payable to Burgess Developments Holdings Limited (2024: £nil).

The directors consider that all transactions with related parties were undertaken on terms equivalent to those that would prevail in an arm’s length transaction, unless otherwise stated.