REGISTERED NUMBER: |
BARNWAY PROPERTY LIMITED |
Unaudited Financial Statements for the Year Ended 31 December 2021 |
REGISTERED NUMBER: |
BARNWAY PROPERTY LIMITED |
Unaudited Financial Statements for the Year Ended 31 December 2021 |
BARNWAY PROPERTY LIMITED (Registered number: 10531738) |
Contents of the Financial Statements |
for the Year Ended 31 December 2021 |
Page |
Company Information | 1 |
Statement of Financial Position | 2 |
Notes to the Financial Statements | 4 |
BARNWAY PROPERTY LIMITED |
Company Information |
for the Year Ended 31 December 2021 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Ground Floor |
1 Baker's Row |
London |
EC1R 3DB |
BARNWAY PROPERTY LIMITED (Registered number: 10531738) |
Statement of Financial Position |
31 December 2021 |
31.12.21 | 31.12.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
8 |
( |
) |
( |
) |
ACCRUALS AND DEFERRED INCOME | ( |
) | ( |
) |
NET ASSETS/(LIABILITIES) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | ( |
) | ( |
) |
Retained earnings | ( |
) |
SHAREHOLDER FUNDS | ( |
) |
BARNWAY PROPERTY LIMITED (Registered number: 10531738) |
Statement of Financial Position - continued |
31 December 2021 |
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. |
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 |
BARNWAY PROPERTY LIMITED (Registered number: 10531738) |
Notes to the Financial Statements |
for the Year Ended 31 December 2021 |
1. | STATUTORY INFORMATION |
BARNWAY PROPERTY LIMITED is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | STATEMENT OF COMPLIANCE |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Income from rental properties are recognized over a straight-line basis over the term of related rental period. |
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. |
Deferred taxation |
Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. |
Tax deferred or accelerated for in respect of all material timing differences. |
4. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2021 |
and 31 December 2021 |
NET BOOK VALUE |
At 31 December 2021 |
At 31 December 2020 |
There is a floating charge on investment property as security for the bank loan amounting to £133,160. |
Fair value at 31 December 2021 is represented by: |
£ |
Valuation in 2019 | (2,360 | ) |
Cost | 182,360 |
180,000 |
BARNWAY PROPERTY LIMITED (Registered number: 10531738) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
5. | INVESTMENT PROPERTY - continued |
If Investment property had not been revalued it would have been included at the following historical cost: |
31.12.21 | 31.12.20 |
£ | £ |
Cost | 182,360 | 182,360 |
Investment property was valued on an open market basis on 31 December 2019 by the Director . |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.21 | 31.12.20 |
£ | £ |
Other debtors |
Deferred tax asset |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.21 | 31.12.20 |
£ | £ |
Other loans (see note 9) |
Directors' loan account | 6,902 | 5,752 |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.21 | 31.12.20 |
£ | £ |
Bank loans (see note 9) |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs |
9. | LOANS |
An analysis of the maturity of loans is given below: |
31.12.21 | 31.12.20 |
£ | £ |
Amounts falling due within one year or on demand: |
Inter-company Loan | - | 65,000 |
Amounts falling due in more than five years: |
Repayable otherwise than by instalments |
Bank loans more 5 yrs | 133,160 | 133,160 |
BARNWAY PROPERTY LIMITED (Registered number: 10531738) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2021 |
10. | SECURED DEBTS |
The following secured debts are included within creditors: |
31.12.21 | 31.12.20 |
£ | £ |
Bank loans |
The bank loan is secured by a floating charge over the company's investment property and a personal guarantee by the director. |
11. | ULTIMATE CONTROLLING PARTY |
The controlling party is R Bennett. |