Burlington Developments London Ltd - Accounts to registrar (filleted) - small 23.2.5

Burlington Developments London Ltd - Accounts to registrar (filleted) - small 23.2.5


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REGISTERED NUMBER: 09917703 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Burlington Developments London Ltd

Burlington Developments London Ltd (Registered number: 09917703)






Contents of the Financial Statements
for the Year Ended 31 December 2022




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 2022







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
London
SE19 3RW

Burlington Developments London Ltd (Registered number: 09917703)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 236 2,139

CURRENT ASSETS
Stocks 2,293,485 1,354,020
Debtors 6 103,207 5,219
Cash at bank 32,224 668,296
2,428,916 2,027,535
CREDITORS
Amounts falling due within one year 7 3,310,160 3,088,575
NET CURRENT LIABILITIES (881,244 ) (1,061,040 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(881,008

)

(1,058,901

)

CREDITORS
Amounts falling due after more than one
year

8

24,167

34,167
NET LIABILITIES (905,175 ) (1,093,068 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 9 (905,275 ) (1,093,168 )
SHAREHOLDERS' FUNDS (905,175 ) (1,093,068 )

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 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 2022


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 26 September 2023 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 2022

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 £905,275 (2021 - £1,093,168). 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 7 (2021 - 5 ) .

Burlington Developments London Ltd (Registered number: 09917703)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 8,059
DEPRECIATION
At 1 January 2022 5,920
Charge for year 1,903
At 31 December 2022 7,823
NET BOOK VALUE
At 31 December 2022 236
At 31 December 2021 2,139

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Amounts owed by group undertakings 235 -
Other debtors 102,972 5,219
103,207 5,219

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 10,000 10,000
Amounts owed to group undertakings 1,693,594 2,258,763
Taxation and social security 17,484 8,107
Other creditors 1,589,082 811,705
3,310,160 3,088,575

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Bank loans 24,167 34,167

9. RESERVES
Retained
earnings
£   

At 1 January 2022 (1,093,168 )
Profit for the year 187,893
At 31 December 2022 (905,275 )