Burdalls Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01335128 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2019

for

Burdalls Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C E Baines

Mr M J Ireson

Mrs A M Ireson

SECRETARY:

Mrs C E Baines

REGISTERED OFFICE:

30 Gay Street

Bath

Somerset

BA1 2PA

REGISTERED NUMBER:

01335128 (England and Wales)

ACCOUNTANTS:

Moore

Chartered Accountants

30 Gay Street

Bath

BA1 2PA

FIXED ASSETS

Investments

4

1,040

1,040

Investment property

5

1,287,370

1,287,370

1,288,410

1,288,410

CURRENT ASSETS

Debtors

6

23,118

24,432

Cash at bank

154,728

164,818

177,846

189,250

CREDITORS

Amounts falling due within one year

7

5,985

7,401

NET CURRENT ASSETS

171,861

181,849

TOTAL ASSETS LESS CURRENT LIABILITIES

1,460,271

1,470,259

CAPITAL AND RESERVES

Called up share capital

8

651

651

Revaluation reserve

9

48,000

48,000

Capital redemption reserve

9

349

349

Retained earnings

9

1,411,271

1,421,259

SHAREHOLDERS' FUNDS

1,460,271

1,470,259

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

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

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 and authorised for issue on 16 September 2020 and were signed on its behalf by:

Mrs C E Baines - Director

1.	STATUTORY INFORMATION

Burdalls 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 is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising

from changes in fair value is recognised in profit or loss.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group.

The company has therefore taken advantage of the exemption provided by section 398 of the

Companies Act 2003 not to prepare group accounts.

Financial instruments

Financial Liabilities and equity instruments are classified according to the contractual arrangements

entered into. An equity instrument is any contract that evidences a residual interest in the assets of

the entity after deducting all of its financial liabilities.

When the contractual obligations of financial instruments (including share capital) are equivalent to

a similar debt instrument, those financial instruments are classed as financial liabilities. Financial

liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to

financial liabilities are included in the profit and loss account. Finance costs are calculated so as to

produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a

financial liability then this is classed as an equity instrument. Dividends and distributions relating to

equity instruments are debited direct to equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2019

and 31 December 2019

1,040

NET BOOK VALUE

At 31 December 2019

1,040

At 31 December 2018

1,040

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2019

and 31 December 2019

1,287,370

NET BOOK VALUE

At 31 December 2019

1,287,370

At 31 December 2018

1,287,370

The directors feel that the value of the investment property accurately reflects the current market

conditions.

6.

DEBTORS

31.12.19

31.12.18

£

£

Amounts falling due within one year:

Other debtors

820

934

Amounts falling due after more than one year:

Trade debtors

18,298

19,498

Other debtors

4,000

4,000

22,298

23,498

Aggregate amounts

23,118

24,432

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Taxation and social security

2,515

-

Other creditors

3,470

7,401

5,985

7,401

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.19

31.12.18

value:

£

£

651

Ordinary

£1

651

651

9.

RESERVES

Capital

Retained

Revaluation

redemption

earnings

reserve

reserve

Totals

£

£

£

£

At 1 January 2019

1,421,259

48,000

349

1,469,608

Deficit for the year

(9,988

)

(9,988

)

At 31 December 2019

1,411,271

48,000

349

1,459,620

10.	TRANSACTIONS WITH THE DIRECTORS

During the year D J G Ireson and Mrs A Ireson, directors of the company, provided property

management and surveying services to the company amounting to £10,500 (2018 - £59,649). At the

year end no amounts were owed by the company in respect of these services.

11.	ULTIMATE CONTROLLING PARTY

The company was under the control of D J G Ireson up to his death on 29 May 2020. Probate has not

currently been granted in respect of Mr Ireson's estate.