E J Lidster (Construction) Burton Park - Accounts to registrar (filleted) - small 23.1.5

REGISTERED NUMBER: 03174971 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2023

for

E J Lidster (Construction)

Burton Park Limited

Page

Company Information

1

Statement of Financial Position

2

to

3

Notes to the Financial Statements

4

to

7

DIRECTOR:

Mr E J Lidster

SECRETARY:

Mr A J Lidster

REGISTERED OFFICE:

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

REGISTERED NUMBER:

03174971 (England and Wales)

ACCOUNTANTS:

Harris & Co Limited

Chartered Accountants

Marland House

13 Huddersfield Road

Barnsley

South Yorkshire

S70 2LW

FIXED ASSETS

Tangible assets

5

24,725

43,200

Investment property

6

5,540,663

5,540,663

5,565,388

5,583,863

CURRENT ASSETS

Debtors

7

1,408,501

464,112

Cash at bank

320,462

188,954

1,728,963

653,066

CREDITORS

Amounts falling due within one year

8

1,453,569

399,096

NET CURRENT ASSETS

275,394

253,970

TOTAL ASSETS LESS CURRENT LIABILITIES

5,840,782

5,837,833

CREDITORS

Amounts falling due after more than one year

9

1,950,867

2,169,409

NET ASSETS

3,889,915

3,668,424

CAPITAL AND RESERVES

Called up share capital

11

2

2

Revaluation reserve

12

1,121,177

1,121,177

Retained earnings

2,768,736

2,547,245

SHAREHOLDERS' FUNDS

3,889,915

3,668,424

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 10 July 2023 and were signed by:

Mr E J Lidster - Director

1.	STATUTORY INFORMATION

E J Lidster (Construction) Burton Park Limited 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 and functional currency of the financial statements is the Pound Sterling (£).

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value.

Significant judgements and estimates

The principal accounting policies and significant judgements and estimates applied in the preparation of these financial statements are set out below. These policies, judgements and estimates have been consistently applied to all years presented unless otherwise stated.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

All fixed assets are initially recorded at 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 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 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.

Other operating income

Other operating income represents amounts receivable from rents and services provided during the year.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 February 2022

and 31 January 2023

73,900

DEPRECIATION

At 1 February 2022

30,700

Charge for year

18,475

At 31 January 2023

49,175

NET BOOK VALUE

At 31 January 2023

24,725

At 31 January 2022

43,200

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2022

and 31 January 2023

5,540,663

NET BOOK VALUE

At 31 January 2023

5,540,663

At 31 January 2022

5,540,663

The investment properties were revalued by Sanderson Weatherall Chartered Surveyors in January 2016, on the basis of market value and have been included in the financial statements at this amount. The director considers that there has been no material change in the fair value of the investment property portfolio from the date the valuation was carried out to the balance sheet date.

Fair value at 31 January 2023 is represented by:

£

Valuation in 2011

2,487,177

Valuation in 2016

(1,366,000

)

Cost

4,419,486

5,540,663

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Trade debtors

12,698

83,700

Amounts owed by group undertakings

297,814

297,814

Other debtors

1,097,989

82,598

1,408,501

464,112

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Bank loans and overdrafts

203,143

199,810

Trade creditors

23,835

23,474

Taxation and social security

57,158

126,379

Other creditors

1,169,433

49,433

1,453,569

399,096

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2023

2022

£

£

Bank loans

1,950,867

2,169,409

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

by instalments

1,154,961

1,356,837

1,154,961

1,356,837

10.	SECURED DEBTS

The following secured debts are included within creditors:

2023

2022

£

£

Bank loans

2,154,010

2,369,219

Lloyds Bank plc holds a legal charge over the company's investment property; and holds a debenture over the remaining assets of the company.

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2023

2022

value:

£

£

2

Ordinary

£1

2

2

12.

RESERVES

Revaluation

reserve

£

At 1 February 2022

and 31 January 2023

1,121,177