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Company registration number: 09902622
Burgundy Homes Limited
Unaudited filleted financial statements
31 March 2026
Burgundy Homes Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Burgundy Homes Limited
Directors and other information

| Directors | Mr MJ Bristow
|  | Mr AP Whiteley
| Company number | 09902622
| Registered office | 51 High Street
|  | Redbourn
|  | St Albans
|  | AL3 7LW
| Accountants | Hardcastle Blake
|  | 19 New Road
|  | Drayton Parslow
|  | Milton Keynes
|  | MK17 0JH

Burgundy Homes Limited
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Burgundy Homes Limited
Year ended 31 March 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Burgundy Homes Limited for the year ended 31 March 2026 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Burgundy Homes Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Burgundy Homes Limited and state those matters that we have agreed to state to the board of directors of Burgundy Homes Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burgundy Homes Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Burgundy Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Burgundy Homes Limited. You consider that Burgundy Homes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Burgundy Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hardcastle Blake
ICAEW
19 New Road
Drayton Parslow
Milton Keynes
MK17 0JH
18 June 2026
Burgundy Homes Limited
Statement of financial position
31 March 2026

|  |  | 2026 |  |  |  | 2025 |  |
|  | Note | £ |  | £ |  | £ |  | £
Fixed assets |  |  |  |  |  |  |  |  |
Investments |  | 4 | 5,135,300 |  |  |  | 3,995,485 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  |  |  | 5,135,300 |  |  |  | 3,995,485
Current assets |  |  |  |  |  |  |  |  |
Debtors |  | 5 | 39,652 |  |  |  | 5,000 |  |
Cash at bank and in hand |  |  | 14,364 |  |  |  | 137,515 |  |
|  |  | _______ |  |  |  | _______ |  |
|  |  | 54,016 |  |  |  | 142,515 |  |
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
within one year |  | 6 | ( 1,193,636) |  |  |  | ( 838,010) |  |
|  |  | _______ |  |  |  | _______ |  |
Net current liabilities |  |  |  |  | ( 1,139,620) |  |  |  | ( 695,495)
|  |  |  |  | _______ |  |  |  | _______
Total assets less current liabilities |  |  |  |  | 3,995,680 |  |  |  | 3,299,990
Creditors: amounts falling due |  |  |  |  |  |  |  |  |
after more than one year |  | 7 |  |  | ( 2,311,902) |  |  |  | ( 2,312,074)
Provisions for liabilities |  |  |  |  | ( 287,892) |  |  |  | ( 102,938)
|  |  |  |  | _______ |  |  |  | _______
Net assets |  |  |  |  | 1,395,886 |  |  |  | 884,978
|  |  |  |  | _______ |  |  |  | _______
Capital and reserves |  |  |  |  |  |  |  |  |
Called up share capital |  |  |  |  | 22,600 |  |  |  | 22,600
Profit and loss account |  |  |  |  | 1,373,286 |  |  |  | 862,378
|  |  |  |  | _______ |  |  |  | _______
Shareholders funds |  |  |  |  | 1,395,886 |  |  |  | 884,978
|  |  |  |  | _______ |  |  |  | _______

For the year ending 31 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 18 June 2026 , and are signed on behalf of the board by:
Mr MJ Bristow
Director
Company registration number: 09902622
Burgundy Homes Limited
Notes to the financial statements
Year ended 31 March 2026
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 51 High Street, Redbourn, St Albans, AL3 7LW.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for residential property rents.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Investments

|  | Shares in group undertakings and participating interests | Other investments other than loans | Total |  |  |
|  | £ | £ | £ |  |  |
| Cost |  |  |  |  |  |
| At 1 April 2025 | 60,300 | 3,935,185 | 3,995,485 |  |  |
| Additions | - | 400,000 | 400,000 |  |  |
| Fair value adjustment | - | 739,815 | 739,815 |  |  |
|  | _______ | _______ | _______ |  |  |
| At 31 March 2026 | 60,300 | 5,075,000 | 5,135,300 |  |  |
|  | _______ | _______ | _______ |  |  |
| Impairment |  |  |  |  |  |
| At 1 April 2025 and 31 March 2026 | - | - | - |  |  |
|  | _______ | _______ | _______ |  |  |
| Carrying amount |  |  |  |  |  |
| At 31 March 2026 | 60,300 | 5,075,000 | 5,135,300 |  |  |
|  | _______ | _______ | _______ |  |  |
| At 31 March 2025 | 60,300 | 3,935,185 | 3,995,485 |  |  |
|  | _______ | _______ | _______ |  |  |

5. Debtors

|  |  | 2026 | 2025
|  |  | £ | £
| Other debtors |  | 39,652 | 5,000
|  |  | _______ | _______

6. Creditors: amounts falling due within one year

|  |  | 2026 | 2025
|  |  | £ | £
| Corporation tax |  | - | 53,476
| Other creditors |  | 1,193,636 | 784,534
|  |  | _______ | _______
|  |  | 1,193,636 | 838,010
|  |  | _______ | _______

7. Creditors: amounts falling due after more than one year

|  |  | 2026 | 2025
|  |  | £ | £
| Bank loans and overdrafts |  | 2,311,902 | 2,312,074
|  |  | _______ | _______

The bank loans are secured aganst the investment properties. This is by way of a registered first charge by the provider. The total loans of £2,311,902 (2025 :£2,312,074) are secured.
Included within creditors: amounts falling due after more than one year is an amount of £ 2,311,902 (2025 £ 2,312,074 ) in respect of liabilities payable or repayable otherwise than by instalments which fall due for payment after more than five years from the reporting date.
The loans are interest only repayments at the balance sheet date. The repayment term is a maximum of 20 years. The mortgages are on fixed rate deals, generally 5 year terms, so the repayment terms and interest rates may vary at time of renewal of those mortgages.
8. Deferred tax
The deferred tax included in the statement of financial position is as follows:

|  |  | 2026 | 2025
|  |  | £ | £
| Included in provisions (note ) |  | 287,892 | 102,938
|  |  | _______ | _______

The deferred tax account consists of the tax effect of timing differences in respect of:

|  |  | 2026 | 2025
|  |  | £ | £
| Fair value adjustment of investment property |  | 287,892 | 102,938
|  |  | _______ | _______

9. Related party transactions
During the year the company entered into the following transactions with related parties:

|  | Transaction value |  | Balance owed by/(owed to) |
|  | 2026 | 2025 | 2026 | 2025
|  | £ | £ | £ | £
| Milvus Homes - creditor | - | - | ( 435,534) | ( 435,534)
| Milvus Homes - property purchase | - | - | ( 340,000) | ( 340,000)
| Burgundy Developments Limited - creditor | - | 247,000 | (8,000) | (8,000)
| Town and Country Caddington - debtor | 10,000 | - | 10,000 | -
| Gymtro St Albans Limited - debtor | 20,000 | - | 20,000 | -
|  | _______ | _______ | _______ | _______

There was no movement on the loans due to Milvus Homes Limited or Burgundy Developments Limited . The company loaned £10,000 to Town and Country Caddington which is controlled by Mr M Bristow - director and £20,000 to Gymtro St Albans Limited in which Mr M Bristow has a financial interest therein.
10. Controlling party
The company is controlled jointly by the directors by virtue of their combined shareholdings