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REGISTERED NUMBER: 01255809 (England and Wales)






FC Burrow Properties Limited

Financial Statements

for the Year Ended 30 April 2018






FC Burrow Properties Limited (Registered number: 01255809)

Contents of the Financial Statements
for the year ended 30 April 2018










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 2018







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

FC Burrow Properties Limited (Registered number: 01255809)

Statement of Financial Position
30 April 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,765 3,923
Investment property 5 1,993,906 1,975,000
1,996,671 1,978,923

CURRENT ASSETS
Debtors 6 109,545 129,128
Cash at bank 50,350 18,724
159,895 147,852
CREDITORS
Amounts falling due within one year 7 23,823 23,102
NET CURRENT ASSETS 136,072 124,750
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,132,743

2,103,673

CREDITORS
Amounts falling due after more than one year 8 (95,254 ) (104,845 )

PROVISIONS FOR LIABILITIES (190,928 ) (194,082 )
NET ASSETS 1,846,561 1,804,746

FC Burrow Properties Limited (Registered number: 01255809)

Statement of Financial Position - continued
30 April 2018

2018 2017
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 10 5,002 5,002
Retained earnings 11 1,841,559 1,799,744
SHAREHOLDERS' FUNDS 1,846,561 1,804,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2018 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 29 January 2019 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 2018


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.

The presentation currency of the financial statements is the Pound Sterling (£).


Level of Rounding
All financial information presented has been rounded to the nearest £, unless otherwise stated.

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.

Going Concern
The Directors are of the opinion that the Company continues to be a going concern and have therefore adopted that basis in
the preparation of the financial statements.

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.


FC Burrow Properties Limited (Registered number: 01255809)

Notes to the Financial Statements - continued
for the year ended 30 April 2018


2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - NIL).

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and
property fittings Totals
£    £    £   
COST
At 1 May 2017 4,038 2,903 6,941
Additions - 101 101
At 30 April 2018 4,038 3,004 7,042
DEPRECIATION
At 1 May 2017 1,009 2,009 3,018
Charge for year 1,010 249 1,259
At 30 April 2018 2,019 2,258 4,277
NET BOOK VALUE
At 30 April 2018 2,019 746 2,765
At 30 April 2017 3,029 894 3,923

FC Burrow Properties Limited (Registered number: 01255809)

Notes to the Financial Statements - continued
for the year ended 30 April 2018


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2017 1,975,000
Additions 18,906
At 30 April 2018 1,993,906
NET BOOK VALUE
At 30 April 2018 1,993,906
At 30 April 2017 1,975,000

Fair value at 30 April 2018 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 503,837
1,993,906

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

2018 2017
£    £   
Cost 503,837 484,931

The directors are of the opinion that the above valuations represent the fair value of the properties at the balance sheet date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 6,139 7,028
Amounts owed by connected parties 88,484 116,484
Directors' loan accounts 12,039 158
Prepayments and accrued income 2,883 5,458
109,545 129,128

FC Burrow Properties Limited (Registered number: 01255809)

Notes to the Financial Statements - continued
for the year ended 30 April 2018


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Bank loans and overdrafts 9,246 8,901
Trade creditors 300 66
Tax 9,384 7,202
VAT 533 870
Accruals and deferred income 4,360 6,063
23,823 23,102

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Bank loans - 1-2 years 9,246 8,901
Bank loans - 2-5 years 27,738 26,703
Bank loans more 5 yr by instal 58,270 69,241
95,254 104,845

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 58,270 69,241

9. SECURED DEBTS

The following secured debts are included within creditors:

2018 2017
£    £   
Bank loans 104,500 113,746

10. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2018 2017
value: £    £   
5,002 Ordinary shares £1 5,002 5,002

FC Burrow Properties Limited (Registered number: 01255809)

Notes to the Financial Statements - continued
for the year ended 30 April 2018


11. RESERVES
Retained
earnings
£   

At 1 May 2017 1,799,744
Profit for the year 41,815
At 30 April 2018 1,841,559

Included in retained earnings at 30 April 2018 is an amount of £1,299,283 (2017: £1,296,166) which is not distributable.
This relates to an accumulated increase in the fair value of investment property, net of deferred tax.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 April 2018 and 30 April 2017:

2018 2017
£    £   
Mr F C Burrow
Balance outstanding at start of year 158 158
Amounts advanced 6,000 -
Amounts repaid (119 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,039 158

Mr S Burrow
Balance outstanding at start of year - -
Amounts advanced 6,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 6,000 -

13. RELATED PARTY DISCLOSURES

The Directors are of the opinion that there are no related party transactions as require disclosure under FRS 102 (Section
1A).