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 2020

Period of accounts

Start date: 01 September 2019

End date: 31 August 2020

PATRICK BURLING DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 31 August 2020

Balance sheet
Notes

PATRICK BURLING DEVELOPMENTS LIMITED

Balance sheet

As at 31 August 2020


Notes
2020
2019


£
£
Fixed assets
Tangible assets: 3 7,302 9,735
Investments: 4 4,940,000 4,940,000
Total fixed assets: 4,947,302 4,949,735
Current assets
Cash at bank and in hand: 274,414 527,873
Total current assets: 274,414 527,873
Creditors: amounts falling due within one year: 5 (690,819) (1,052,838)
Net current assets (liabilities): (416,405) (524,965)
Total assets less current liabilities: 4,530,897 4,424,770
Creditors: amounts falling due after more than one year: 6 (266,359) (325,195)
Provision for liabilities: (692,942) (692,942)
Total net assets (liabilities): 3,571,596 3,406,633
Capital and reserves
Called up share capital: 1,002 1,002
Revaluation reserve:73,383,1873,383,187
Profit and loss account: 187,407 22,444
Shareholders funds: 3,571,596 3,406,633

The notes form part of these financial statements

PATRICK BURLING DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 31 August 2020 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 12 October 2020
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 2020

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

2. Employees

2020 2019
Average number of employees during the period 5 5

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

3. Tangible Assets

Total
Cost £
At 01 September 2019 156,734
At 31 August 2020 156,734
Depreciation
At 01 September 2019 146,999
Charge for year 2,433
At 31 August 2020 149,432
Net book value
At 31 August 2020 7,302
At 31 August 2019 9,735

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

4. Fixed investments

Investment properties held at fair value.

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

5. Creditors: amounts falling due within one year note

2020 2019Bank loans & Overdrafts 116687 116196Trade Creditors 443483 610491Taxation & Social Security 114445 311295Other Creditors 16204 14856 690819 1052838

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

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

2020 2019 Bank Loans 266359 325195

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

7. Revaluation reserve

2020
£
Balance at 01 September 2019 3,383,187
Surplus or deficit after revaluation 0
Balance at 31 August 2020 3,383,187

PATRICK BURLING DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 31 August 2020

8. Related party transactions

Name of the related party: The Burling Family Limited
Relationship:
Advisors
Description of the Transaction: Management services provided
£
Balance at 01 September 2019 610,490
Balance at 31 August 2020 443,483