Birstall Land Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 00304176 (England and Wales)

AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2019

FOR

BIRSTALL LAND INVESTMENTS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Investments

4

22,947

22,947

CURRENT ASSETS

Cash at bank

618,364

618,364

NET CURRENT ASSETS

618,364

618,364

TOTAL ASSETS LESS CURRENT LIABILITIES

641,311

641,311

CAPITAL AND RESERVES

Called up share capital

61

61

Retained earnings

641,250

641,250

SHAREHOLDERS' FUNDS

641,311

641,311

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 September 2020 and were signed on its behalf by:

Mrs L G Montgomery - Director

1.	STATUTORY INFORMATION

Birstall Land Investments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 00304176 and registered office address is Shalden Park Steading, Shalden, Alton, Hampshire, GU34 4DS.

The functional 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.

The results are presented for the company as a single entity only.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost less provision for any permanent impairment.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets, which include cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. Financial assets classified as receivable within one year are not amortised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Going concern

Based on future expectations, the directors are confident the company will trade profitably in future periods and generate sufficient cash flows to meet its obligations as they fall due for payment.

The directors do not consider that the group's restructure and demerger as noted in the post balance sheet events will adversely impact the going concern of the company and group as a whole.

3.	EMPLOYEES AND DIRECTORS

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

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2019

and 31 December 2019

22,947

NET BOOK VALUE

At 31 December 2019

22,947

At 31 December 2018

22,947

In the opinion of the directors, the aggregate value of the assets of the company consisting of shares in, or amounts owing from the subsidiary undertakings, is not less than the amounts at which those assets are stated or included in the company's balance sheet.

5.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Karen Dent (Senior Statutory Auditor)

for and on behalf of Harold Sharp Limited

6.	CONTINGENT LIABILITIES

The company has given an unlimited guarantee to Handelsbanken AB (publ) in respect of all, and every sum of money which now, or at any time, shall remain due and unpaid to the bank on any account held by the company or any of its fellow subsidiaries. At 31 December 2019, the total amount of loans payable by its parent company and fellow subsidiaries, over and above the company's own stated liabilities to Handelsbanken AB (publ) was £Nil (2018: £Nil).

The bank loans are secured on various properties owned by Ellis & Sons Amalgamated Properties, Ellis and Sons Third Amalgamated Properties Limited, Ellis & Sons Fourth Amalgamated Properties Limited and Ellis Campbell Coxbridge Limited, fellow subsidiaries of Bassett Trust Holdings Limited.

7.	POST BALANCE SHEET EVENTS

Post year end the company is in the process of demerging from the Bassett Trust Holdings Limited group, as part of a group restructure.

8.	ULTIMATE PARENT COMPANY

The company's immediate parent company is Bassett Trust Limited and the company's ultimate parent company is Bassett Trust Holdings Limited, a company incorporated in England and Wales.