Burnell House Development Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 10585424 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 26 JANUARY 2017 TO 31 MARCH 2018

FOR

BURNELL HOUSE DEVELOPMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mr J P Lynch

Mr M J Lynch

REGISTERED OFFICE:

5 Holmesdale Road

Teddington

Middlesex

TW11 9LJ

REGISTERED NUMBER:

10585424 (England and Wales)

ACCOUNTANTS:

Khan Morris Accountants Limited

Empress Heights

College Street

Southampton

Hampshire

SO14 3LA

FIXED ASSETS

Tangible assets

3

4,454,600

CURRENT ASSETS

Stocks

287,868

Debtors

4

12,362

Cash at bank

50,394

350,624

CREDITORS

Amounts falling due within one year

5

4,791,862

NET CURRENT LIABILITIES

(4,441,238

)

TOTAL ASSETS LESS CURRENT LIABILITIES

13,362

CAPITAL AND RESERVES

Called up share capital

4,600

Retained earnings

8,762

SHAREHOLDERS' FUNDS

13,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 14 June 2018 and were signed on its behalf by:

Mr J P Lynch - Director

1.	STATUTORY INFORMATION

Burnell House Development 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling

costs in bringing stocks to their present location and condition.

3.	TANGIBLE FIXED ASSETS

The directors considered that the freehold property should not be depreciated as it is held at market

value.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Other debtors

12,362

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Trade creditors

432

Taxation and social security

2,075

Other creditors

4,789,355

4,791,862

6.	SECURED DEBTS

The following secured debts are included within creditors:

£

Other creditors

4,482,987

Bank of London and the Middle East PLC has a fixed and floating charge over the property 8

Stanmore Hill, Stanmore, HA7 3BQ.

Westmede Properties Ltd has a fixed and floating charge over the property 8 Stanmore Hill,

Stanmore, HA7 3BQ.

BX Property Ltd has a legal charge over the property 8 Stanmore Hill, Stanmore, HA7 3BQ.

Fortem Property Developments Ltd has a legal charge over the property 8 Stanmore Hill, Stanmore,

HA7 3BQ.

Full details of all charges can be found on Companies House website.