T.G. Burn Properties Limited - Accounts to registrar (filleted) - small 18.2
T.G. Burn Properties Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2019 |
for |
T.G. Burn Properties Limited |
T.G. Burn Properties Limited (Registered number: 00508799) |
Contents of the Financial Statements |
for the Year Ended 31 January 2019 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
T.G. Burn Properties Limited |
Company Information |
for the Year Ended 31 January 2019 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
90-92 High Street |
Evesham |
Worcestershire |
WR11 4EU |
T.G. Burn Properties Limited (Registered number: 00508799) |
Balance Sheet |
31 January 2019 |
31.1.19 | 31.1.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | 8 | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 9 |
Fair value reserve | 10 |
Retained earnings | 10 |
SHAREHOLDERS' FUNDS |
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. |
T.G. Burn Properties Limited (Registered number: 00508799) |
Balance Sheet - continued |
31 January 2019 |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors on |
T.G. Burn Properties Limited (Registered number: 00508799) |
Notes to the Financial Statements |
for the Year Ended 31 January 2019 |
1. | STATUTORY INFORMATION |
T.G. Burn Properties Limited is a |
company's registered number and registered office address can be found on the Company Information page. |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 February 2018 |
Revaluations |
At 31 January 2019 |
NET BOOK VALUE |
At 31 January 2019 |
At 31 January 2018 |
T.G. Burn Properties Limited (Registered number: 00508799) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
4. | INVESTMENT PROPERTY - continued |
Fair value at 31 January 2019 is represented by: |
£ |
Valuation in 1999 | 365,150 |
Valuation in 2003 | 550,000 |
Valuation in 2004 | 47,500 |
Valuation in 2005 | 49,875 |
Valuation in 2006 | 102,625 |
Valuation in 2007 | (10,000 | ) |
Valuation in 2009 | (215,800 | ) |
Valuation in 2014 | (139,200 | ) |
Valuation in 2015 | 35,000 |
Valuation in 2019 | 45,000 |
Cost | 244,850 |
If investment property had not been revalued it would have been included at the following historical cost: |
31.1.19 | 31.1.18 |
£ | £ |
Cost | 244,850 | 244,850 |
Cardiff Investment property was valued on an open market basis on 31 January 2014 by Halls LLP at a value of £785,000 |
. |
An additional investment property was purchased in 2011 at a cost of £210,000. This was revalued by the |
directors as at 31 January 2019 at £290,000. |
5. | DEBTORS |
31.1.19 | 31.1.18 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Prepayments |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
T.G. Burn Properties Limited (Registered number: 00508799) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Trade creditors |
Taxation |
Social security and other taxes |
Net Wages | 625 | 1,652 |
Directors' current accounts | 37,907 | 44,135 |
Deferred income |
Accrued expenses |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.1.19 | 31.1.18 |
£ | £ |
Other creditors |
8. | PROVISIONS FOR LIABILITIES |
31.1.19 | 31.1.18 |
£ | £ |
Deferred tax on revaluations |
Deferred |
tax |
£ |
Balance at 1 February 2018 |
Provided during year |
Balance at 31 January 2019 |
9. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.19 | 31.1.18 |
value: | £ | £ |
Ordinary | £1 | 1,000 | 1,000 |
10. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
At 1 February 2018 | 858,125 |
Profit for the year |
Dividends | ( |
) | ( |
) |
Deferred tax on revaluation | - | 36,450 | 36,450 |
At 31 January 2019 | 896,649 |
T.G. Burn Properties Limited (Registered number: 00508799) |
Notes to the Financial Statements - continued |
for the Year Ended 31 January 2019 |
11. | ULTIMATE CONTROLLING PARTY |
The company has no ultimate controlling party due to the split of shareholdings. |