PATRICK BURLING DEVELOPMENTS LIMITED

PATRICK BURLING DEVELOPMENTS LIMITED

PATRICK BURLING DEVELOPMENTS LIMITED - Company Information

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PATRICK BURLING DEVELOPMENTS LIMITED

Company Registration Number:
01845598 (England and Wales)

Unaudited abridged accounts for the year ended 31 August 2019

Period of accounts

Start date: 01 September 2018

End date: 31 August 2019

PATRICK BURLING DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2019

Balance sheet
Notes

PATRICK BURLING DEVELOPMENTS LIMITED

Balance sheet

As at 31 August 2019


Notes
2019
2018


£
£
Fixed assets
Tangible assets: 3 9,735 12,980
Investments: 4 4,940,000 2,189,871
Total fixed assets: 4,949,735 2,202,851
Current assets
Debtors:     15,190
Cash at bank and in hand: 527,873 390,532
Total current assets: 527,873 405,722
Creditors: amounts falling due within one year: 5 (1,052,838) (810,083)
Net current assets (liabilities): (524,965) (404,361)
Total assets less current liabilities: 4,424,770 1,798,490
Creditors: amounts falling due after more than one year: 6 (325,195) (1,643,310)
Provision for liabilities: (692,942)
Total net assets (liabilities): 3,406,633 155,180
Capital and reserves
Called up share capital: 1,002 1,002
Revaluation reserve:73,383,1870
Profit and loss account: 22,444 154,178
Shareholders funds: 3,406,633 155,180

The notes form part of these financial statements

PATRICK BURLING DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 31 August 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 October 2019
and signed on behalf of the board by:

Name: P R Burling
Status: Director

The notes form part of these financial statements

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

2. Employees

2019 2018
Average number of employees during the period 5 5

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

3. Tangible Assets

Total
Cost £
At 01 September 2018 156,734
At 31 August 2019 156,734
Depreciation
At 01 September 2018 143,754
Charge for year 3,245
At 31 August 2019 146,999
Net book value
At 31 August 2019 9,735
At 31 August 2018 12,980

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

4. Fixed investments

Fair Value01/09/18 2,189,871Disposal (1,326,000)Fair Value Gain 4,076,12931/08/19 4,940,000Net Book Value 31/08/19 4,940,000Net Book Value 31/08/18 2,189,871

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

5. Creditors: amounts falling due within one year note

2019 2018Bank loans and overdrafts 116,196 111,877Trade Creditors 610,491 643,989Taxation and Social Security 311,295 53,317Other Creditors 14,856 900 1,052,838 810,083

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

6. Creditors: amounts falling due after more than one year note

2019 2018Bank Loans 325,195 1,643,310

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

7. Revaluation reserve

2019
£
Balance at 01 September 2018 0
Surplus or deficit after revaluation 3,383,187
Balance at 31 August 2019 3,383,187

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2019

8. Related party transactions

Name of the related party: The Burling family Limited
Relationship:
Service Provider
Description of the Transaction: The provision of professional and management services.
£
Balance at 01 September 2018 0
Balance at 31 August 2019 0