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

REGISTERED NUMBER: 00304176 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

BIRSTALL LAND INVESTMENTS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

4

4,244,434

2,336,364

Investment property

5

9,021,250

8,270,750

13,265,684

10,607,114

CURRENT ASSETS

Debtors

6

39,100

35,585

Cash at bank

402,153

1,849,480

441,253

1,885,065

CREDITORS

Amounts falling due within one year

7

60,397

16,708

NET CURRENT ASSETS

380,856

1,868,357

TOTAL ASSETS LESS CURRENT LIABILITIES

13,646,540

12,475,471

PROVISIONS FOR LIABILITIES

8

199,272

90,868

NET ASSETS

13,447,268

12,384,603

CAPITAL AND RESERVES

Called up share capital

9

61

61

Non distributable reserve

10

8,879,404

381,500

Retained earnings

4,567,803

12,003,042

SHAREHOLDERS' FUNDS

13,447,268

12,384,603

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2022 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 and registered office address are as below:

Registered number:

00304176

Registered office:

46 Oxford Gardens

London

W10 5UH

The presentation 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 as modified by the revaluation of certain assets.

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.

Turnover

Turnover represents gross rental income, excluding value added tax.

Investments in subsidiaries

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Going concern

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

payment.

Investments

Fixed asset investments are carried at fair value and revaluation surpluses are recognised in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2021

2,336,364

Additions

1,829,911

Revaluations

78,159

At 31 December 2021

4,244,434

NET BOOK VALUE

At 31 December 2021

4,244,434

At 31 December 2020

2,336,364

Cost or valuation at 31 December 2021 is represented by:

Other

investments

£

Valuation in 2021

4,244,434

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Associated company

Cluny Limited

Registered office: Scotland

Nature of business: Woodlands

%

Class of shares:

holding

Ordinary

33.00

2021

2020

£

£

Aggregate capital and reserves

50,003

50,003

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.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2021

8,270,750

Additions

83,201

Revaluations

667,299

At 31 December 2021

9,021,250

NET BOOK VALUE

At 31 December 2021

9,021,250

At 31 December 2020

8,270,750

The investment properties were valued on the tenanted open market value basis at 31 December 2021 by the director of the company to the value of £9,021,250.

Fair value at 31 December 2021 is represented by:

£

Valuation in 2021

9,021,250

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Other debtors

38,968

35,585

Prepayments

132

-

39,100

35,585

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2021

2020

£

£

Trade creditors

1

-

Corporation tax

34,892

7,596

Other creditors

13,989

-

Accruals and deferred income

11,515

9,112

60,397

16,708

8.	PROVISIONS FOR LIABILITIES

2021

2020

£

£

Deferred tax

199,272

90,868

Deferred

tax

£

Balance at 1 January 2021

90,868

Charge to Profit and Loss Account during year

108,404

Balance at 31 December 2021

199,272

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2021

2020

value:

£

£

61

Ordinary

£1

61

61

10.

RESERVES

Non

distributable

reserve

£

At 1 January 2021

381,500

Surplus on revaluation of investment property

8,497,904

At 31 December 2021

8,879,404

11.	ULTIMATE PARENT COMPANY