T.G. Burn Properties Limited - Accounts to registrar (filleted) - small 18.2

T.G. Burn Properties Limited - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 00508799 (England and Wales)










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: Mr L S Auden
Mr J P Auden





SECRETARY: Rev L P Auden





REGISTERED OFFICE: 90-92 High Street
Evesham
Worcestershire
WR11 4EU





REGISTERED NUMBER: 00508799 (England and Wales)





ACCOUNTANTS: Attwoods
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 1,075,000 1,030,000

CURRENT ASSETS
Debtors 5 32,733 34,372
Cash at bank 1,890 2,874
34,623 37,246
CREDITORS
Amounts falling due within one year 6 62,992 67,689
NET CURRENT LIABILITIES (28,369 ) (30,443 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,046,631

999,557

CREDITORS
Amounts falling due after more than one
year

7

(13,050

)

(13,050

)

PROVISIONS FOR LIABILITIES 8 (135,932 ) (127,382 )
NET ASSETS 897,649 859,125

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve 10 694,218 657,768
Retained earnings 10 202,431 200,357
SHAREHOLDERS' FUNDS 897,649 859,125

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

T.G. Burn Properties Limited (Registered number: 00508799)

Balance Sheet - continued
31 January 2019


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 18 May 2019 and were signed on its behalf by:





Mr J P Auden - Director


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 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

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 1 (2018 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2018 1,030,000
Revaluations 45,000
At 31 January 2019 1,075,000
NET BOOK VALUE
At 31 January 2019 1,075,000
At 31 January 2018 1,030,000

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
1,075,000

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 18,958 19,860
Prepayments 725 1,462
19,683 21,322

Amounts falling due after more than one year:
Other debtors 13,050 13,050

Aggregate amounts 32,733 34,372

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 900 720
Taxation 10,909 11,268
Social security and other taxes 178 475
Net Wages 625 1,652
Directors' current accounts 37,907 44,135
Deferred income 7,547 7,999
Accrued expenses 4,926 1,440
62,992 67,689

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.19 31.1.18
£    £   
Other creditors 13,050 13,050

8. PROVISIONS FOR LIABILITIES
31.1.19 31.1.18
£    £   
Deferred tax on revaluations 135,932 127,382

Deferred
tax
£   
Balance at 1 February 2018 127,382
Provided during year 8,550
Balance at 31 January 2019 135,932

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.19 31.1.18
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2018 200,357 657,768 858,125
Profit for the year 46,474 46,474
Dividends (44,400 ) (44,400 )
Deferred tax on revaluation - 36,450 36,450
At 31 January 2019 202,431 694,218 896,649

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.