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Burrington Estates (Stratton) Limited
Annual Report and Financial Statements
Year Ended 31 December 2024

Registration number: 14527901

Burrington Estates (Stratton) Limited

Contents

Balance Sheet | 1
Notes to the Financial Statements | 2 to 5

Burrington Estates (Stratton) Limited

Balance Sheet

31 December 2024

| Note | 2024 £ | 2023 £
Current assets |  |  |
Stocks | 4 | 100,000 | 100,000
Debtors | 5 | 85,001 | 6,863
Cash at bank and in hand |  | 1,408 | 277,553
|  | 186,409 | 384,416
Creditors: Amounts falling due within one year | 6 | (2,357,447) | (2,262,701)
Net liabilities |  | (2,171,038) | (1,878,285)
Capital and reserves |  |  |
Called up share capital | 7 | 1 | 1
Profit and loss account |  | (2,171,039) | (1,878,286)
Shareholders' deficit |  | (2,171,038) | (1,878,285)

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the Board on 20 November 2025 and signed on its behalf by:

......................................... Mr R Dewhurst Director

Company Registration Number: 14527901

Burrington Estates (Stratton) Limited

Notes to the Financial Statements

Year Ended 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
85 Great Portland Street
Great Portland Street
First Floor
London
W1W 7LT

These financial statements were authorised for issue by the Board on 20 November 2025.

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. There are no material departures from FRS 102 Section 1A.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. There are material uncertainties that cast significant doubt on the Company’s ability to continue its operations, as explained below.
The Group that the Company is a part of is undergoing restructure as part of a managed closure program. The Company’s immediate and ultimate parent entities are in liquidation.
In respect of this Company, the directors' best estimates of the Company’s cash flows show the Company generating positive cash flows and continuing to pay its non-group creditors as they fall due. The Company’s expectation is that the amounts due to group undertakings will not be called in until they sell the development land owned (the 'underlying land transaction'). Once the underlying land transaction is completed, it is expected that the Company will be wound down in an orderly fashion. However, at the date of approval of these financial statements, the underlying land transaction has not completed, meaning that the timing of this orderly wind down is uncertain.
These accounts have been prepared on a going concern basis but the timing of the conclusion of the underlying land transaction, as well as the fact that the Company is reliant on the amounts due to group undertakings not being called in until the underlying land transaction is completed, creates a material uncertainty that casts significant doubt on the Company’s ability to continue as a going concern.

Burrington Estates (Stratton) Limited

Notes to the Financial Statements

Year Ended 31 December 2024

Stocks

Stock of land for development and work in progress are stated at the lower of cost and net realiseable value. Options over land are initilially carried at cost. Cost includes all statutory and professional fees relating to the acquisition of a property, obtaining planning consents, costs of construction and development finance costs.

Financial instruments

Classification
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Amounts owed to and from group undertakings; and
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company's obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Key accounting estimates and judgements
Carrying value of work in progress
Work in progress - development land - is required to be carried at the lower of cost and net realisable value.
Management assessed the net realisable value of the development land based on conditions that existed at the balance sheet date.
In making their assessment as to the net realisable value of the development land, management have taken into consideration the original purchase price of the land, the period over which the land has been marketed, the number of enquiries made by interested parties, the type of planning permission held and offers received to date.
This has resulted in the management estimating the net realisable value of the development land to be £100,000, which is lower than cost.

Burrington Estates (Stratton) Limited

Notes to the Financial Statements

Year Ended 31 December 2024

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 0).

4 | Stocks

| 2024 £ | 2023 £
Work in progress - land for development | 100,000 | 100,000

5 | Debtors

| 2024 £ | 2023 £
Amounts owed by group undertakings | 85,001 | 1
Other debtors | - | 6,862
| 85,001 | 6,863

6 | Creditors

| 2024 £ | 2023 £
Due within one year |  |
Trade creditors | - | 3,042
Amounts owed to group undertakings | 2,345,447 | 2,253,659
Accruals and deferred income | 12,000 | 6,000
| 2,357,447 | 2,262,701

7 | Share capital

Allotted, called up and fully paid shares

| 2024 | 2023
| No. | £ | No. | £
Ordinary Shares of £1 each | 1 | 1 | 1 | 1

8 | Related party transactions

The company has taken advantage of the exemption in FRS 102 Section 1A from disclosing transactions and balances with its parent company and other members of the wholly owned group.

Burrington Estates (Stratton) Limited

Notes to the Financial Statements

Year Ended 31 December 2024

9 | Parent and ultimate parent undertaking

The company's immediate parent is Burrington Estates (Holdings) Limited, incorporated in England and Wales.
The ultimate parent is Burrington Estates Group Limited, incorporated in England and Wales. Its registered office is:
C/O Rrs Department
S&W Partners Llp
45 Gresham Street
London
EC2V 7BG

10 | Audit report

The Independent Auditors' Report was unqualified. It included the following paragraphs which do not constitute a qualification.
Material uncertainty in respect of going concern
We draw attention to Note 2 of the financial statements which indicates that the company is reliant on group undertakings not calling in amounts due.
As stated in Note 2, the Company is expected to be wound down once the underlying land transaction has completed. However, at the date of approval of these financial statements, the underlying land transaction has not completed, meaning that the timing of this orderly wind down is uncertain. The timing of the conclusion of the underlying land transaction, as well as the fact that the Company is reliant on the ongoing support of group undertakings, creates a material uncertainty that casts significant doubt on the Company’s ability to continue as a going concern. Our opinion is not modified in respect of this matter.
In auditing the financial statements, we have concluded that the director’s use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
The name of the Senior Statutory Auditor who signed the audit report was Tom Beable FCA, who signed for and on behalf of PKF Francis Clark on 20 November 2025.