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REGISTERED NUMBER: 01255809 (England and Wales)






FC Burrow Properties Limited

Financial Statements

for the Year Ended 30 April 2017






FC Burrow Properties Limited (Registered number: 01255809)

Contents of the Financial Statements
for the year ended 30 April 2017










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FC Burrow Properties Limited

Company Information
for the year ended 30 April 2017







DIRECTORS: Mr F C Burrow
Mr S Burrow



SECRETARY: Mr S Burrow



REGISTERED OFFICE: Spa Street Works
Spa Street
Ossett
West Yorkshire
WF5 0HJ



REGISTERED NUMBER: 01255809 (England and Wales)



ACCOUNTANTS: Jolliffe Cork LLP
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX



BANKERS: Lloyds Bank Plc
Park Row
Leeds
West Yorkshire
LS1 1NX

FC Burrow Properties Limited (Registered number: 01255809)

Statement of Financial Position
30 April 2017

2017 2016
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 3,923 1,192
Investment property 4 1,975,000 1,975,000
1,978,923 1,976,192

CURRENT ASSETS
Debtors 5 129,128 125,028
Cash at bank 18,724 1,039
147,852 126,067
CREDITORS
Amounts falling due within one year 6 23,102 16,678
NET CURRENT ASSETS 124,750 109,389
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,103,673

2,085,581

CREDITORS
Amounts falling due after more than one
year

7

(104,845

)

(114,223

)

PROVISIONS FOR LIABILITIES (194,082 ) (208,232 )
NET ASSETS 1,804,746 1,763,126

FC Burrow Properties Limited (Registered number: 01255809)

Statement of Financial Position - continued
30 April 2017

2017 2016
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 9 5,002 5,002
Retained earnings 1,799,744 1,758,124
SHAREHOLDERS' FUNDS 1,804,746 1,763,126

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 20 December 2017 and were signed on its behalf
by:





Mr F C Burrow - Director


FC Burrow Properties Limited (Registered number: 01255809)

Notes to the Financial Statements
for the year ended 30 April 2017


1. STATUTORY INFORMATION

FC Burrow Properties 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 as modified by the revaluation of certain assets.

This is the first year that the company has presented its results under FRS 102. The last financial statements
under previous UK GAAP were for the year ended 30 April 2016. The date of transition to FRS 102 was 1 May
2015. The directors have considered whether in applying the accounting policies required by FRS 102 the
restatement of comparative items was required and all adjustments have been explained in the First Year
Adoption note to the accounts.

Turnover
Turnover represents rental income and excludes value added tax, where applicable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on cost
Fixtures and fittings - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to
the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and 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 expenses 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 year end and that are expected to apply to the reversal of the
timing difference.

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.

FC Burrow Properties Limited (Registered number: 01255809)

Notes to the Financial Statements - continued
for the year ended 30 April 2017


3. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 May 2016 - 2,903 2,903
Additions 4,038 - 4,038
At 30 April 2017 4,038 2,903 6,941
DEPRECIATION
At 1 May 2016 - 1,711 1,711
Charge for year 1,009 298 1,307
At 30 April 2017 1,009 2,009 3,018
NET BOOK VALUE
At 30 April 2017 3,029 894 3,923
At 30 April 2016 - 1,192 1,192

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2016
and 30 April 2017 1,975,000
NET BOOK VALUE
At 30 April 2017 1,975,000
At 30 April 2016 1,975,000

Cost or valuation at 30 April 2017 is represented by:

£   
Valuation in 2009 1,110,924
Valuation in 2012 106,929
Valuation in 2013 (22,179 )
Valuation in 2014 294,395
Cost 484,931
1,975,000

FC Burrow Properties Limited (Registered number: 01255809)

Notes to the Financial Statements - continued
for the year ended 30 April 2017


4. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2017 2016
£    £   
Cost 484,931 484,931

The investment properties were valued on an open market basis on 30 April 2017 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Trade debtors 7,028 -
Amounts owed by participating interests 116,484 118,399
Directors' loan accounts 158 158
Prepayments and accrued income 5,458 6,471
129,128 125,028

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2017 2016
£    £   
Bank loans and overdrafts 8,901 11,771
Trade creditors 66 2,009
Tax 7,202 1,648
VAT 870 -
Accruals and deferred income 6,063 1,250
23,102 16,678

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2017 2016
£    £   
Bank loans - 1-2 years 8,901 8,429
Bank loans - 2-5 years 26,703 25,286
Bank loans more 5 yr by instal 69,241 80,508
104,845 114,223

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 69,241 80,508

FC Burrow Properties Limited (Registered number: 01255809)

Notes to the Financial Statements - continued
for the year ended 30 April 2017


8. SECURED DEBTS

The following secured debts are included within creditors:

2017 2016
£    £   
Bank loans 113,746 125,994

9. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2017 2016
value: £    £   
5,002 Ordinary shares £1 5,002 5,002

10. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £116,484 (2016 - £118,399) owed by FC Burrow Limited, a company
of which Mr F C Burrow and Mr S Burrow are directors and shareholders.

Included in the accounts is rental income of £12,000 (2016 - £12,000) charged to FC Burrow Limited in respect
of premises owned by the company and occupied by FC Burrow Limited.

11. FIRST YEAR ADOPTION

This is the first year that the company has presented its results under FRS 102. The last financial statements
under previous UK GAAP were for the year ended 30 April 2016. The date of transition to FRS 102 was 1 May
2015. The directors have considered whether in applying the accounting policies required by FRS 102 the
restatement of comparative items was required.

Prior to the adoption of FRS 102, the company had accounted for any gains and losses arising in the fair value of
investment property through the statement of recognised gains and losses and revaluation reserve. FRS 102
requires that such changes in fair value be recognised in the income statement.

At the date of transition (1 May 2015), the revaluation reserve of £1,490,069 was transferred to the retained
earnings reserve. FRS 102 also requires that deferred tax is considered. At 1 May 2015 a deferred tax provision
of £209,450 was included, based on the investment property valuation at that date. At 1 May 2015, the retained
earnings reserve included £1,280,619 of non-distributable reserves.

The figures for the year ended 30 April 2016 have been restated in accordance with FRS 102. The balance of
non-distributable reserves included in retained reserves is £1,282,076 which represents the property revaluation
of £1,490,069 and the related deferred tax provision of £207,993. The change in the deferred tax provision of
£1,457 from 1 May 2015 to 30 April 2016 has been reflected in the Income statement.