Company Registration No. 4219141 (England and Wales)
STAPLEGROVE BURROWS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2020
PAGES FOR FILING WITH REGISTRAR
STAPLEGROVE BURROWS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
STAPLEGROVE BURROWS LIMITED
BALANCE SHEET
- 1 -
2020
2019
Notes
£
£
£
£
Fixed assets
Investment properties
3
675,000
675,000
Current assets
Debtors
4
2,957
3,578
Cash at bank and in hand
147,898
141,321
150,855
144,899
Creditors: amounts falling due within one year
5
(434,257)
(419,159)
Net current liabilities
(283,402)
(274,260)
Total assets less current liabilities
391,598
400,740
Capital and reserves
Called up share capital
100
100
Revaluation reserve
6
275,000
275,000
Profit and loss reserves
116,498
125,640
Total equity
391,598
400,740
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.
true
For the financial year ended 31 May 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
T
he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 17 May 2021 and are signed on its behalf by:
Mr. S Rahman Greasley
Director
Company Registration No. 4219141
STAPLEGROVE BURROWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2020
- 2 -
1
Accounting policies
Company information
Staplegrove Burrows Limited is a
private
company
limited by shares
incorporated in England and Wales.
The registered office is
Staplegrove House, Berghers Hill, Wooburn Common, High Wycombe, Buckinghamshire, United Kingdom, HP10 0JP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in
sterling
, which is the functional currency of the company.
Monetary a
mounts
in these financial statements are
rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
1.2
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure
. Subsequently it is measured
at fair value a
t
the reporting end date.
Changes in fair value are recognised in profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2020
2019
Number
Number
Total
3
Investment property
2020
£
Fair value
At 1 June 2019 and 31 May 2020
675,000
The investment property has not been valued since 30 November 2013 when a valuation was carried out by Robinson and Hall, Land and Property Professionals. The directors consider the fair value of the property to be £675,000 at the year end.
STAPLEGROVE BURROWS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2020
- 3 -
4
Debtors
2020
2019
Amounts falling due within one year:
£
£
Prepayments and accrued income
2,957
3,578
5
Creditors: amounts falling due within one year
2020
2019
£
£
Other creditors
417,629
417,246
Accruals and deferred income
16,628
1,913
434,257
419,159
6
Revaluation reserve
2020
2019
£
£
At the beginning and end of the year
275,000
275,000