Burn Hall Estates Management Limited Company accounts

BURN HALL ESTATES MANAGEMENT LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 03455621

Burn Hall Estates Management Limited

Unaudited Financial Statements

31 October 2019

Burn Hall Estates Management Limited

Financial Statements

Year ended 31 October 2019

Contents	Pages

Officers and professional advisers	1

Directors' report	2 to 3

Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements	4

Statement of income and retained earnings	5

Statement of financial position	6 to 7

Notes to the financial statements	8 to 9

Burn Hall Estates Management Limited

Officers and Professional Advisers

The board of directors	Mr J M Symonds
	Mrs R Flowers

Registered office	2 Burn Hall
	Darlington Road
	Durham
	DH1 3SR

Accountants	Allen Sykes Ltd
	Chartered accountants
	5 Henson Close
	South Church Enterprise Park
	Bishop Auckland
	County Durham
	DL14 6WA

Burn Hall Estates Management Limited

Directors' Report

Year ended 31 October 2019

The directors present their report and the unaudited financial statements of the company for the year ended 31 October 2019 .

Directors

The directors who served the company during the year were as follows:

Mr J M Symonds	(Appointed 15 February 2019)
Mrs R Flowers	(Appointed 15 February 2019)
Mrs J A Garnett	(Retired 15 February 2019)
Mr R B Schalks	(Retired 15 February 2019)
Dr D Stoker	(Retired 15 February 2019)
Mrs B Weston	(Retired 15 February 2019)
Mr D M Williamson	(Served from 15 February 2019 to 22 May 2019)

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 18 December 2019 and signed on behalf of the board by:

Mr J M Symonds

Director

Registered office:

2 Burn Hall

Darlington Road

Durham

DH1 3SR

Burn Hall Estates Management Limited

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements

Year ended 31 October 2019

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Burn Hall Estates Management Limited for the year ended 31 October 2019, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Burn Hall Estates Management Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Burn Hall Estates Management Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Burn Hall Estates Management Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Burn Hall Estates Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Burn Hall Estates Management Limited. You consider that Burn Hall Estates Management Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Burn Hall Estates Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Allen Sykes Ltd Chartered accountants

5 Henson Close South Church Enterprise Park Bishop Auckland County Durham DL14 6WA

18 December 2019

Burn Hall Estates Management Limited

Statement of Income and Retained Earnings

Year ended 31 October 2019

	2019	2018
Note	£	£
Turnover	56,539	55,580

	---------	---------
Gross profit	56,539	55,580

Administrative expenses	48,060	52,526
	---------	---------
Operating profit	8,479	3,054

Other interest receivable and similar income	96	92
	---------	---------
Profit before taxation	8,575	3,146

Tax on profit	–	–
	-------	-------
Profit for the financial year and total comprehensive income	8,575	3,146
	-------	-------

All the activities of the company are from continuing operations.

Burn Hall Estates Management Limited

Statement of Financial Position

31 October 2019

	2019		2018
Note	£	£	£	£

Current assets

Debtors	4	385	69,357
Cash at bank and in hand		61,850	–
		---------	---------
		62,235	69,357

Creditors: amounts falling due within one year	5	61,067		68,177
		---------		---------
Net current assets			1,168		1,180
			-------		-------
Total assets less current liabilities			1,168		1,180

Accruals and deferred income	1,140	1,152
	-------	-------
Net assets	28	28
	-------	-------

Capital and reserves

Called up share capital	28	28
	----	----
Shareholders funds	28	28
	----	----

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'.

For the year ending 31 October 2019 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 .

Burn Hall Estates Management Limited

Statement of Financial Position (continued)

31 October 2019

These financial statements were approved by the board of directors and authorised for issue on 18 December 2019 , and are signed on behalf of the board by:

Mr J M Symonds

Director

Company registration number: 03455621

Burn Hall Estates Management Limited

Notes to the Financial Statements

Year ended 31 October 2019

1. General information

The company is a private company limited by shares, registered in England. The address of the registered office is 2 Burn Hall, Darlington Road, Durham, DH1 3SR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

During the year the company received monies, as agent, in respect of service charges and related income, which are held on trust and do not constitute turnover.

4. Debtors

	2019	2018
	£	£
Trade debtors	15	1,069
Other debtors	370	68,288
	----	---------
	385	69,357
	----	---------

5. Creditors: amounts falling due within one year

	2019	2018
	£	£
Trade creditors	–	20,887
Corporation tax	2,769	4,085
Other creditors	58,298	43,205
	---------	---------
	61,067	68,177
	---------	---------

Within the Reserve Fund is the service charge account, the balance of which would be £11,483 (2018 - £2,908).

6. Related party transactions

The company is a mutual trading company and as such received income in the form of service charge from residents, some of who are directors of the company. Service charges payable by the directors are on the same basis as for all the other residents. No other transactions with related parties were undertaken such as are required to be disclosed under FRS 102.