Burlington Developments London Ltd - Accounts to registrar (filleted) - small 18.2

Burlington Developments London Ltd - Accounts to registrar (filleted) - small 18.2


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REGISTERED NUMBER: 09917703 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2020

for

Burlington Developments London Ltd

Burlington Developments London Ltd (Registered number: 09917703)






Contents of the Financial Statements
for the Year Ended 31 December 2020




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Burlington Developments London Ltd

Company Information
for the Year Ended 31 December 2020







DIRECTOR: P A Patrick





REGISTERED OFFICE: 67 Westow Street
Upper Norwood
London
SE19 3RW





REGISTERED NUMBER: 09917703 (England and Wales)





ACCOUNTANTS: Thornton Springer LLP
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

Burlington Developments London Ltd (Registered number: 09917703)

Balance Sheet
31 December 2020

31.12.20 31.12.19
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 3,678 680

CURRENT ASSETS
Stocks 288,522 415,375
Debtors 6 47,182 84,532
Cash at bank 135,053 64,488
470,757 564,395
CREDITORS
Amounts falling due within one year 7 1,106,724 814,026
NET CURRENT LIABILITIES (635,967 ) (249,631 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(632,289

)

(248,951

)

CREDITORS
Amounts falling due after more than one
year

8

40,000

-
NET LIABILITIES (672,289 ) (248,951 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 (672,389 ) (249,051 )
SHAREHOLDERS' FUNDS (672,289 ) (248,951 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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.

Burlington Developments London Ltd (Registered number: 09917703)

Balance Sheet - continued
31 December 2020


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 8 November 2021 and were signed by:





P A Patrick - Director


Burlington Developments London Ltd (Registered number: 09917703)

Notes to the Financial Statements
for the Year Ended 31 December 2020

1. STATUTORY INFORMATION

Burlington Developments London 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.

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 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.

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 etc - 33.3% on cost

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.

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.

Going concern
The balance sheet shows net liabilities of £672,389 (2019 - £249,051). The director has reasonable expectations that the company will be able to make sufficient profits to enable it to operate for the foreseeable future, in addition to the continued support and funding from the director and associated companies. These financial statements have therefore been prepared on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2019 - 4 ) .

Burlington Developments London Ltd (Registered number: 09917703)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2020 2,348
Additions 5,007
At 31 December 2020 7,355
DEPRECIATION
At 1 January 2020 1,668
Charge for year 2,009
At 31 December 2020 3,677
NET BOOK VALUE
At 31 December 2020 3,678
At 31 December 2019 680

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Other debtors 47,182 84,532

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.20 31.12.19
£    £   
Bank loans and overdrafts 10,000 -
Amounts owed to group undertakings 914,938 566,024
Taxation and social security 104,247 78,622
Other creditors 77,539 169,380
1,106,724 814,026

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.20 31.12.19
£    £   
Bank loans 40,000 -

9. RESERVES
Retained
earnings
£   

At 1 January 2020 (249,051 )
Deficit for the year (423,338 )
At 31 December 2020 (672,389 )

Burlington Developments London Ltd (Registered number: 09917703)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2020

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2020 and 31 December 2019:

31.12.20 31.12.19
£    £   
P A Patrick
Balance outstanding at start of year (58,337 ) 110,104
Amounts repaid - (168,441 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (58,337 )