Burdalls Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01335128 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2017

for

Burdalls Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs C E Baines

Mr M J Ireson

Mrs A M Ireson

Mr D J G Ireson

SECRETARY:

Mrs C E Baines

REGISTERED OFFICE:

30 Gay Street

Bath

Somerset

BA1 2PA

REGISTERED NUMBER:

01335128 (England and Wales)

ACCOUNTANTS:

Moore Stephens

Chartered Accountants

30 Gay Street

Bath

BA1 2PA

FIXED ASSETS

Investments

4

1,040

1,040

Investment property

5

1,287,370

1,287,370

1,288,410

1,288,410

CURRENT ASSETS

Debtors

6

24,747

25,746

Cash at bank

170,005

181,859

194,752

207,605

CREDITORS

Amounts falling due within one year

7

4,415

4,371

NET CURRENT ASSETS

190,337

203,234

TOTAL ASSETS LESS CURRENT LIABILITIES

1,478,747

1,491,644

CAPITAL AND RESERVES

Called up share capital

8

651

651

Revaluation reserve

9

48,000

48,000

Capital redemption reserve

9

349

349

Retained earnings

9

1,429,747

1,442,644

SHAREHOLDERS' FUNDS

1,478,747

1,491,644

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2017 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 27 September 2018 and were signed on its behalf by:

Mrs A M Ireson - Director

1.	STATUTORY INFORMATION

Burdalls 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.

Investment property

Investment property is shown at the most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's

pension scheme are charged to profit or loss in the period to which they relate.

Consolidation

In the opinion of the directors, the company and its subsidiary undertakings comprise a small group. The

company has therefore taken advantage of the exemption provided by section 398 of the Companies Act

2003 not to prepare group accounts.

Financial instruments

Financial Liabilities and equity instruments are classified according to the contractual arrangements entered

into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after

deducting all of its financial liabilities.

When the contractual obligations of financial instruments (including share capital) are equivalent to a similar

debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are

presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are

included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return

on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial

liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments

are debited direct to equity.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2016 - 1 ) .

4.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 January 2017

and 31 December 2017

1,040

NET BOOK VALUE

At 31 December 2017

1,040

At 31 December 2016

1,040

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2017

and 31 December 2017

1,287,370

NET BOOK VALUE

At 31 December 2017

1,287,370

At 31 December 2016

1,287,370

The directors feel that the value of the investment property accurately reflects the current market conditions.

6.

DEBTORS

31.12.17

31.12.16

£

£

Amounts falling due within one year:

Other debtors

48

48

Amounts falling due after more than one year:

Trade debtors

24,699

25,698

Aggregate amounts

24,747

25,746

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Other creditors

4,415

4,371

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.17

31.12.16

value:

£

£

651

Ordinary

£1

651

651

9.

RESERVES

Capital

Retained

Revaluation

redemption

earnings

reserve

reserve

Totals

£

£

£

£

At 1 January 2017

1,442,644

48,000

349

1,490,993

Deficit for the year

(12,897

)

(12,897

)

At 31 December 2017

1,429,747

48,000

349

1,478,096

10.	TRANSACTIONS WITH THE DIRECTORS

During the year D J G Ireson, a director of the company, provided property management and surveying

services to the company amounting to £60,598 (2016: £50,781). At the year end no amounts were owed by

the company to D J G Ireson.

Included within other debtors is an amount owed to the company by the director D J G Ireson of £48 (2016:

£48). This loan is unsecured and interest free.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr D J G Ireson.