Birstall Land Investments Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 00304176 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

BIRSTALL LAND INVESTMENTS LIMITED

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Investments

4

3,617,678

4,244,434

Investment property

5

11,465,101

9,021,250

15,082,779

13,265,684

CURRENT ASSETS

Stocks

350,000

-

Debtors

6

32,663

39,100

Cash at bank

23,213

402,153

405,876

441,253

CREDITORS

Amounts falling due within one year

7

443,038

60,397

NET CURRENT (LIABILITIES)/ASSETS

(37,162

)

380,856

TOTAL ASSETS LESS CURRENT LIABILITIES

15,045,617

13,646,540

PROVISIONS FOR LIABILITIES

8

461,325

199,272

NET ASSETS

14,584,292

13,447,268

CAPITAL AND RESERVES

Called up share capital

9

61

61

Non distributable reserve

10

10,102,781

8,879,404

Retained earnings

4,481,450

4,567,803

SHAREHOLDERS' FUNDS

14,584,292

13,447,268

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

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

The financial statements were approved by the Board of Directors and authorised for issue on 19 September 2023 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.

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 (2021 - NIL).

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 January 2022

4,244,434

Additions

628,109

Disposals

(1,057,174

)

Revaluations

(147,767

)

Reclassification/transfer

(49,924

)

At 31 December 2022

3,617,678

NET BOOK VALUE

At 31 December 2022

3,617,678

At 31 December 2021

4,244,434

Cost or valuation at 31 December 2022 is represented by:

Other

investments

£

Valuation in 2022

3,617,678

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

2022

2021

£

£

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 2022

9,021,250

Additions

1,072,706

Revaluations

1,371,145

At 31 December 2022

11,465,101

NET BOOK VALUE

At 31 December 2022

11,465,101

At 31 December 2021

9,021,250

The investment properties were valued on the tenanted open market value basis at 31 December 2022 by the director of the company to the value of £11,465,101 (2021: £9,021,250).

Fair value at 31 December 2022 is represented by:

£

Valuation in 2022

11,465,101

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Other debtors

16,493

38,968

Prepayments

16,170

132

32,663

39,100

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

6,155

1

Amounts owed to group undertakings

389,473

-

Corporation tax

37,638

34,892

Other creditors

-

13,989

Accruals and deferred income

9,772

11,515

443,038

60,397

8.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

461,325

199,272

Deferred

tax

£

Balance at 1 January 2022

199,272

Provided during year

262,053

Balance at 31 December 2022

461,325

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

61

Ordinary

£1

61

61

10.

RESERVES

Non

distributable

reserve

£

At 1 January 2022

8,879,404

Surplus on revaluation of investment property

1,223,377

At 31 December 2022

10,102,781

11.	ULTIMATE PARENT COMPANY