Buckthorn Estates Ltd - Accounts to registrar (filleted) - small 23.1.2

REGISTERED NUMBER: 05107354 (England and Wales)

BUCKTHORN ESTATES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

R.J. Brudenell

Mrs S.E. Brudenell

REGISTERED OFFICE:

21 Lodge Lane

Grays

Essex

RM17 5RY

REGISTERED NUMBER:

05107354 (England and Wales)

ACCOUNTANTS:

CR Bland Baker Limited

Chartered Accountants

21 Lodge Lane

Grays

Essex

RM17 5RY

FIXED ASSETS

Tangible assets

4

-

-

Investments

5

51

51

Investment property

6

102,249

102,249

102,300

102,300

CURRENT ASSETS

Debtors

7

100

100

Cash at bank

1,662

2,799

1,762

2,899

CREDITORS

Amounts falling due within one year

8

16,492

16,402

NET CURRENT LIABILITIES

(14,730

)

(13,503

)

TOTAL ASSETS LESS CURRENT LIABILITIES

87,570

88,797

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

87,470

88,697

SHAREHOLDERS' FUNDS

87,570

88,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 July 2023 and were signed on its behalf by:

R.J. Brudenell - Director

1.	STATUTORY INFORMATION

Buckthorn Estates Ltd 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

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.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2021

and 31 October 2022

375

DEPRECIATION

At 1 November 2021

and 31 October 2022

375

NET BOOK VALUE

At 31 October 2022

-

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 November 2021

and 31 October 2022

51

NET BOOK VALUE

At 31 October 2022

51

At 31 October 2021

51

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2021

and 31 October 2022

102,249

NET BOOK VALUE

At 31 October 2022

102,249

At 31 October 2021

102,249

Included in fair value of investment property is freehold land of £ 102,249 (2021 - £ 102,249 ) which is not depreciated.

The directors are of the opinion that the carrying value of the land owned by the company is considered to be its fair market value at the balance sheet date.

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

100

100

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

14,000

14,000

Other creditors

2,492

2,402

16,492

16,402