Burling Investments Limited 31/10/2018 iXBRL

Burling Investments Limited 31/10/2018 iXBRL

BURLING INVESTMENTS LIMITED - Company Information

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31/10/2018 2018-10-31 false false false false false false false false false false true false false true false false false false false false false false No description of principal activities is disclosed 2017-11-01 Sage Accounts Production 18.30 - FRS xbrli:pure xbrli:shares iso4217:GBP 05273045 2017-11-01 2018-10-31 05273045 2018-10-31 05273045 2017-10-31 05273045 2016-11-01 2017-10-31 05273045 2017-10-31 05273045 2016-10-31 05273045 bus:RegisteredOffice 2017-11-01 2018-10-31 05273045 bus:Director1 2017-11-01 2018-10-31 05273045 bus:Director2 2017-11-01 2018-10-31 05273045 bus:CompanySecretary1 2017-11-01 2018-10-31 05273045 core:RetainedEarningsAccumulatedLosses 2016-11-01 2017-10-31 05273045 core:RetainedEarningsAccumulatedLosses 2017-11-01 2018-10-31 05273045 core:WithinOneYear 2018-10-31 05273045 core:WithinOneYear 2017-10-31 05273045 core:AfterOneYear 2018-10-31 05273045 core:AfterOneYear 2017-10-31 05273045 core:ShareCapital 2018-10-31 05273045 core:ShareCapital 2017-10-31 05273045 core:RetainedEarningsAccumulatedLosses 2018-10-31 05273045 core:RetainedEarningsAccumulatedLosses 2017-10-31 05273045 core:ShareCapital 2016-10-31 05273045 core:RetainedEarningsAccumulatedLosses 2016-10-31 05273045 bus:SmallEntities 2017-11-01 2018-10-31 05273045 bus:AuditExempt-NoAccountantsReport 2017-11-01 2018-10-31 05273045 bus:AbridgedAccounts 2017-11-01 2018-10-31 05273045 bus:SmallCompaniesRegimeForAccounts 2017-11-01 2018-10-31 05273045 bus:PrivateLimitedCompanyLtd 2017-11-01 2018-10-31
Statement of consent to prepare abridged financial statements
All of the members of Burling Investments Limited have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the current year ending 31 October 2018 in accordance with Section 444(2A) of the Companies Act 2006.
Company registration number: 05273045
Burling Investments Limited
Unaudited abridged financial statements
31 October 2018
Burling Investments Limited
Contents
Directors and other information
Directors report
Abridged statement of comprehensive income
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Burling Investments Limited
Directors and other information
Directors Mr R Suterwalla
Mr T Suterwalla
Secretary R Suterwalla
Company number 05273045
Registered office Kings Barn
Thame Road
Warborough
Oxfordshire
OX10 7DA
Burling Investments Limited
Directors report
Year ended 31 October 2018
The directors present their report and the unaudited financial statements of the company for the year ended 31 October 2018.
Directors
The directors who served the company during the year were as follows:
Mr R Suterwalla
Mr T Suterwalla
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 30 July 2019 and signed on behalf of the board by:
Mr T Suterwalla
Director
Burling Investments Limited
Abridged statement of comprehensive income
Year ended 31 October 2018
2018 2017
Note £ £
Gross profit 86,444 85,021
Depreciation and other amounts written off tangible and intangible fixed assets ( 23,370) ( 23,309)
Other operating expenses ( 42,909) ( 28,496)
_______ _______
Operating profit 20,165 33,216
Interest payable and similar expenses ( 23,606) ( 21,344)
_______ _______
(Loss)/profit before taxation 4 ( 3,441) 11,872
Tax on (loss)/profit - ( 6,759)
_______ _______
(Loss)/profit for the financial year and total comprehensive income ( 3,441) 5,113
_______ _______
All the activities of the company are from continuing operations.
Burling Investments Limited
Abridged statement of financial position
31 October 2018
2018 2017
Note £ £ £ £
Fixed assets
Tangible assets 5 831,550 854,921
_______ _______
831,550 854,921
Current assets
Debtors 40,868 20,297
Cash at bank and in hand 56,012 65,225
_______ _______
96,880 85,522
Creditors: amounts falling due
within one year ( 13,490) ( 22,062)
_______ _______
Net current assets 83,390 63,460
_______ _______
Total assets less current liabilities 914,940 918,381
Creditors: amounts falling due
after more than one year ( 963,029) ( 963,029)
_______ _______
Net liabilities ( 48,089) ( 44,648)
_______ _______
Capital and reserves
Called up share capital 100 100
Profit and loss account ( 48,189) ( 44,748)
_______ _______
Shareholders deficit ( 48,089) ( 44,648)
_______ _______
For the year ending 31 October 2018 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 30 July 2019 , and are signed on behalf of the board by:
Mr T Suterwalla
Director
Company registration number: 05273045
Burling Investments Limited
Statement of changes in equity
Year ended 31 October 2018
Called up share capital Profit and loss account Total
£ £ £
At 1 November 2016 100 ( 49,861) ( 49,761)
(Loss)/profit for the year 5,113 5,113
_______ _______ _______
Total comprehensive income for the year - 5,113 5,113
_______ _______ _______
At 31 October 2017 and 1 November 2017 100 ( 44,748) ( 44,648)
(Loss)/profit for the year ( 3,441) ( 3,441)
_______ _______ _______
Total comprehensive income for the year - ( 3,441) ( 3,441)
_______ _______ _______
At 31 October 2018 100 ( 48,189) ( 48,089)
_______ _______ _______
Burling Investments Limited
Notes to the financial statements
Year ended 31 October 2018
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Kings Barn, Thame Road, Warborough, Oxfordshire, OX10 7DA.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
4. Loss/profit before taxation
Loss/profit before taxation is stated after charging/(crediting):
2018 2017
£ £
Depreciation of tangible assets 23,370 23,309
_______ _______
5. Tangible assets
£
Cost
At 1 November 2017 and 31 October 2018 1,155,268
_______
Depreciation
At 1 November 2017 300,347
Charge for the year 23,371
_______
At 31 October 2018 323,718
_______
Carrying amount
At 31 October 2018 831,550
_______
At 31 October 2017 854,921
_______