Burwood Properties Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09073208 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2019

for

Burwood Properties Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R M Lucas

Mr D M Lucas

Mrs A G Lucas

REGISTERED OFFICE:

183 Newbrook Road

Atherton

M46 9HA

REGISTERED NUMBER:

09073208 (England and Wales)

ACCOUNTANTS:

DonnellyBentley Limited

Chartered Accountants

Hazlemere

70 Chorley New Road

Bolton

Lancashire

BL1 4BY

FIXED ASSETS

Tangible assets

3

174

349

Investment property

4

352,444

352,444

352,618

352,793

CURRENT ASSETS

Debtors

470

449

Cash at bank

27,198

19,835

27,668

20,284

CREDITORS

Amounts falling due within one year

(357,338

)

(357,992

)

NET CURRENT LIABILITIES

(329,670

)

(337,708

)

TOTAL ASSETS LESS CURRENT LIABILITIES

22,948

15,085

CAPITAL AND RESERVES

Called up share capital

5

100

100

Retained earnings

22,848

14,985

22,948

15,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 6 September 2019 and were signed on its behalf by:

Mr R M Lucas - Director

1.	STATUTORY INFORMATION

Burwood Properties Limited 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.

Turnover

Turnover represents rental income, on a receivable basis.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Investment property

Investment properties are to be revalued on an open market basis by the directors, on an annual basis.

Any temporary surpluses or deficits will be transferred to the investment revaluation reserve, any

permanent diminution in value will be written off to the profit and loss reserves.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of

Income and Retained Earnings, 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the

period of the lease.

3.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2018

and 30 June 2019

699

DEPRECIATION

At 1 July 2018

350

Charge for year

175

At 30 June 2019

525

NET BOOK VALUE

At 30 June 2019

174

At 30 June 2018

349

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 July 2018

and 30 June 2019

352,444

NET BOOK VALUE

At 30 June 2019

352,444

At 30 June 2018

352,444

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

Value:

30

'A' Ordinary

£1

30

30

25

'B' Ordinary

£1

25

25

20

'C' Ordinary

£1

20

20

10

'D' Ordinary

£1

10

10

10

'E' Ordinary

£1

10

10

5

'F' Ordinary

£1

5

5

100

100

The 'A' to 'F' Ordinary shares rank pari passu in all respects.