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| Burgess Property Investments Limited |
For the year ended 31 December 2014
Unaudited Abbreviated Report and Financial Statements
England and Wales
Registered Number: 04397206
2
Burgess Property Investments Limited
For the year ended 31 December 2014
1
Accountants' Report
2
Balance Sheet
3 to 4
Notes to the Abbreviated Financial Statements
3
Burgess Property Investments Limited
Accountants' Report
For the year ended 31 December 2014
| As described on the balance sheet you are responsible for the preparation of the financial statements for the year |
| ended 31 December 2014 and you consider that the company is exempt from an audit under the Companies Act |
| 2006. |
| In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you |
| to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us. |
Hicks Calvert & Co
21 The Avenue
Potters Bar
Herts
EN6 1EG
1 of 4
4
| Abbreviated Balance Sheet |
Burgess Property Investments Limited
2014
2013
2
13,578,059
4,965,661
13,578,059
4,965,661
10,571
63
1,330,006
1,381,898
1,330,069
1,392,469
| Creditors: amounts falling due within one year |
(80,665)
(89,793)
1,311,804
1,240,276
Net current assets
| Total assets less current liabilities |
14,818,335
6,277,465
(1,675,997)
-
| Provisions for liabilities |
13,142,338
Net assets
6,277,465
100,000
3
100,000
5,101,000
5,101,000
-
6,703,986
1,237,352
1,076,465
13,142,338
6,277,465
Shareholders funds
| For the year ended 31 December 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. |
| Directors responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; |
| 2) The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts |
| These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. |
| Date approved by the board: 09 September 2015 |
| Signed on behalf of the board of directors |
2 of 4
5
| Notes to the Abbreviated Financial Statements |
Burgess Property Investments Limited
For the year ended 31 December 2014
| The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
| Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
| Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Computer Equipment
Fixtures and Fittings
| No depreciation is provided on the company's freehold properties since in the opinion of the directors the expected |
| useful lives are sufficiently long and the estimated residual values are sufficiently high that any such depreciation |
| would be immaterial. The directors undertake an annual impairment review of these properties. |
| Investment properties are included in the balance sheet at their open market value at the balance sheet date. The |
| resulting aggregate surplus or deficit is transferred to a revaluation reserve. Depreciation is provided only on those |
| investment properties which are leasehold and where the unexpired lease term is less than 20 years. |
| Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective |
| April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be |
| depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to |
| give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation |
| and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
3 of 4
6
| Notes to the Abbreviated Financial Statements |
Burgess Property Investments Limited
For the year ended 31 December 2014
4,970,908
233,320
8,379,983
13,584,211
5,247
905
Charge for year
6,152
13,578,059
4,965,661
| Allotted called up and fully paid |
2014
2013
| 100,000 Ordinary shares of £1.00 each |
100,000
100,000
100,000
100,000
4 of 4
