Registered number |
Registered number: | |||||||
Abridged Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | ||||||
Current assets | |||||||
Debtors | 5 | ||||||
Creditors: amounts falling due within one year | 6 | ( |
( |
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Net current liabilities | ( |
( |
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Net liabilities | ( |
( |
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Capital and reserves | |||||||
Called up share capital | |||||||
Profit and loss account | ( |
( |
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Shareholders' funds | ( |
( |
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J Gleek | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Abridged Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
2 | Related party exemption | |||||||
The company has taken advantage of exemption in Financial Reporting Standard 102 not to | ||||||||
disclose related party transactions with wholly owned entities within the group. | ||||||||
3 | Investment property | |||||||
Investment properties are initially measured at cost. | ||||||||
Investment properties are subsequently measured at fair value at each reporting date with | ||||||||
changes in fair values recognised in profit and loss. No depreciation is provided in the | ||||||||
respect of investment properties. | ||||||||
Freehold property | ||||||||
Fair Value : | ||||||||
At 01 Dec 2022 | - | |||||||
Addition | 32,704 | |||||||
Revaluation | (32,704) | |||||||
At 30 Nov 2023 | - | |||||||
Net Book value : | ||||||||
At 30 Nov 2023 | - | |||||||
At 30 Nov 2022 | - | |||||||
Fair value at 30 November 2023 represented by : | ||||||||
Valuation : | 6,053,128 | |||||||
Cost | (6,053,128) | |||||||
- | ||||||||
The historic cost of the property is £ 6,053,128 (30 Nov 2022 : £ 6,020,424) As at 30 November | ||||||||
2023 the company's investment property was valued by the director. | ||||||||
4 | Going concern | |||||||
At 30 November 2023, the company had a net liability position. The ultimate holding company has expressed a willingness to provide continued support to the company for the period of 12 months from the date of the accounts. On this basis the accounts have been prepared on a going concern basis. | ||||||||
5 | Debtors | |||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Prepayments | 882 | 882 | ||||||
882 | 882 | |||||||
6 | Creditors | |||||||
2023 | 2022 | |||||||
£ | £ | |||||||
Amount owed to fellow group undertakings | 77,773 | 40,066 | ||||||
2,148 | 1,650 | |||||||
79,921 | 41,716 | |||||||
7 | Taxation | |||||||
Taxation comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets or 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 expenditure 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 period end and that are expected to apply to the reversal of timing differences. 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. |
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8 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
9 | Called up share capital | 2023 | 2022 | |||||
£ | £ | |||||||
Allotted, called and fully paid 10,000 ordinary | ||||||||
shares of £0.01p each | 100 | 100 | ||||||
10 | Investments | |||||||
Other | ||||||||
investments | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 December 2022 | ||||||||
Additions | ||||||||
Revaluation | ( |
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At 30 November 2023 | - | |||||||
The historic cost of investment property is £6,053,128 (2022 : £6,020,424). As at 30 November 2023 the company's investment property was valued by the Director. | ||||||||
11 | Immediate and ultimate holding company | |||||||
The ultimate holding company is J Gleek Properties Limited, a company registered in England and Wales. | ||||||||
12 | Other information | |||||||
Burford Carrington Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
Richmond House | ||||||||
Avonmouth Way | ||||||||
Avonmouth | ||||||||
Bristol | ||||||||
BS11 8DE |