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REGISTERED NUMBER: 13064827 (England and Wales)








Unaudited Financial Statements

For The Period

6 December 2020 to 31 March 2022

for

Barn2 Holdings Limited

Barn2 Holdings Limited (Registered number: 13064827)






Contents of the Financial Statements
For The Period 6 December 2020 to 31 March 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Barn2 Holdings Limited

Company Information
For The Period 6 December 2020 to 31 March 2022







DIRECTORS: A S Keith
Mrs K D Keith





REGISTERED OFFICE: Harscombe House
1 Darklake View
Estover
Plymouth
Devon
PL6 7TL





REGISTERED NUMBER: 13064827 (England and Wales)





ACCOUNTANTS: Bromhead
Harscombe House
1 Darklake View
Plymouth
Devon
PL6 7TL

Barn2 Holdings Limited (Registered number: 13064827)

Balance Sheet
31 March 2022

Notes £    £   
FIXED ASSETS
Investments 4 176,992
Investment property 5 134,673
311,665

CURRENT ASSETS
Debtors 6 76,626
Cash at bank 3,833
80,459
CREDITORS
Amounts falling due within one year 7 2,631
NET CURRENT ASSETS 77,828
TOTAL ASSETS LESS CURRENT
LIABILITIES

389,493

PROVISIONS FOR LIABILITIES 1,785
NET ASSETS 387,708

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 387,608
387,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2022 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 applicable to companies subject to the small companies regime.

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 and authorised for issue on 5 September 2022 and were signed on its behalf by:




A S Keith - Director



Mrs K D Keith - Director


Barn2 Holdings Limited (Registered number: 13064827)

Notes to the Financial Statements
For The Period 6 December 2020 to 31 March 2022

1. STATUTORY INFORMATION

Barn2 Holdings 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 (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Barn2 Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Investment property
Investment property is included at fair value at each reporting date. Changes in fair value are recognised in the income statement.

Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the
contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The fixed asset investments are in publicly traded shares for which the fair value can be measured reliably. These investments are measured at fair value, with changes in fair value recognised in profit or loss.

Taxation
Taxation for the period 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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 period was 2 .

Barn2 Holdings Limited (Registered number: 13064827)

Notes to the Financial Statements - continued
For The Period 6 December 2020 to 31 March 2022

4. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
Additions 100 238,592 238,692
Disposals - (70,994 ) (70,994 )
Revaluations - 9,294 9,294
At 31 March 2022 100 176,892 176,992
NET BOOK VALUE
At 31 March 2022 100 176,892 176,992

Cost or valuation at 31 March 2022 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2022 - 9,293 9,293
Cost 100 167,599 167,699
100 176,892 176,992

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 134,673
At 31 March 2022 134,673
NET BOOK VALUE
At 31 March 2022 134,673

The property is held at cost in these accounts. The directors consider the cost to be equal to the fair value at the reporting date.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 34,856
Other debtors 41,770
76,626

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 1,431
Other creditors 1,200
2,631

Barn2 Holdings Limited (Registered number: 13064827)

Notes to the Financial Statements - continued
For The Period 6 December 2020 to 31 March 2022

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 March 2022:

£   
Mrs K D Keith and A S Keith
Balance outstanding at start of period -
Amounts advanced 258,505
Amounts repaid (216,735 )
Amounts written off -
Amounts waived -
Balance outstanding at end of period 41,770

Interest has been charged at the official HMRC rates and the loan is repayable on demand.

9. RELATED PARTY DISCLOSURES

Barn2 Media Limited, a wholly owned subsidiary, owes the company £34,856 at the year end. This loan is interest free and repayable on demand.