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Registered number: 03515716
BIRTLEY MEWS LIMITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 31 AUGUST 2025
TWP Accounting LLP
Chartered Accountants & Statutory Auditors
The Old Rectory
Church Street
Weybridge
Surrey
KT13 8DE
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BIRTLEY MEWS LIMITED
REGISTERED NUMBER:03515716
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BALANCE SHEET
AS AT 31 AUGUST 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Provisions for liabilities
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The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 May 2026.
The notes on pages 2 to 6 form part of these financial statements.
Page 1
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
Birtley Mews Limited is a private company limited by shares Incorporated in England and Wales. The registered office is Birtley House, Birtley Road, Bramley, Guildford, Surrey, United Kingdom, GUS 0LB. The principal activity of the company continued to be that of the management of eight independent living apartments on the site of Birtley Nursing Home.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the requirements and the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts In these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
After reviewing the Company’s forecasts and projections and considering prevailing economic conditions and potential changes in trading performance, the Directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future.
In making this assessment, the Directors have prepared detailed financial projections to May 2027, which incorporate a prudent and precautionary approach and reflect improved trading performance and cash generation since the year end. Cash flow forecasting indicates an improved liquidity position over the next twelve months, driven primarily by increased occupancy levels achieved post year end and the reduction in exceptional one-off capital expenditure, including refurbishment activity undertaken in the prior period.
The Directors maintain a good working relationship with the Company’s bank, which has confirmed its continued support.
After considering the above matters and current trading, the Directors believe that the company will continue to have adequate resources to meets its liabilities as they fall due and so to operate as a going concern for at least twelve months following the date of approval of these financial statements. The Directors therefore consider it appropriate to continue to apply the going concern basis for preparing the financial statements.
Turnover comprises revenue recognised from the sale of apartment licences and service charges for services rendered during the period. The turnover for the apartment licence sale is recognised at the date of legal transfer from the vacating tenant to the new tenant, which is upon receipt of funds from the new tenant. The service charges are recognised in the period in which they relate.
Page 2
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
2.Accounting policies (continued)
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
Page 3
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
2.Accounting policies (continued)
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Cash and cash equivalents
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Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
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The average monthly number of employees, including directors, during the year was 8 (2024 - 8).
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Charge for the year on owned assets
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Page 4
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
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Amounts owed by group undertakings
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Prepayments and accrued income
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Cash and cash equivalents
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Accruals and deferred income
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Authorised, allotted, called up and fully paid
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4 (2024 - 4) Ordinary shares of £1.00 each
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Page 5
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NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
The company has given security to Stevens & Bolton Trustees Limited over the proceeds of future sales of apartments by the company up to the value of the amounts received from the sales of apartments to the current residents. The aggregate of these amounts at 31 August 2025 was £3,330,000 (2024: £3,390,000). The security given to Stevens & Bolton Trustees Limited shall be in priority to any other security given by the company to its bankers.
The company has entered into a cross guarantee with its bankers to secure the bank borrowings of its fellow group companies, Birtley House Group Ltd and Eyhurst Court Limited. The total exposure of the cross guarantee in respect of the company is £2,630,980 (2024: £2,595,167).
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Related party transactions
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The company has taken advantage of the 33.1A exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with the parent undertaking and its wholly owned subsidiaries.
During the year the company incurred expenditure of £nil (2024: £1,578) from a company under common control. At the year end the company owed £nil (2024: £395) to the company under common control.
Birtley House Group Ltd owns 100% of the issued share capital of the company and is considered to be the ultimate parent company. Consolidated financial statements including the results of the company may be obtained from the parent company's registered office at Birtley House, Birtley Road, Bramley, Guildford, Surrey, GUS 0LB.
The ultimate controlling party are the directors by virtue of their controlling interest in the share capital of the ultimate parent company.
The auditors' report on the financial statements for the year ended 31 August 2025 was unqualified.
The audit report was signed on 21 May 2026 by Philip Munk FCA, FCCA (Senior Statutory Auditor) on behalf of TWP Accounting LLP.
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditor's Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
Page 6
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