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REGISTERED NUMBER: 08714289 (England and Wales)



Financial Statements for the Year Ended 30 September 2021

for

FLEET BARN DEVELOPMENT LTD

FLEET BARN DEVELOPMENT LTD (Registered number: 08714289)

Contents of the Financial Statements
for the Year Ended 30 September 2021










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


FLEET BARN DEVELOPMENT LTD

Company Information
for the Year Ended 30 September 2021







DIRECTORS: B Desai
S Jegathjenan





REGISTERED OFFICE: 1 Beauchamp court
10 Victors way
Barnet
London
EN5 5TZ





REGISTERED NUMBER: 08714289 (England and Wales)





ACCOUNTANTS: BBK Partnership
Chartered Accountants
& Statutory Auditors
1 Beauchamp Court
10 Victors Way
Barnet
Hertfordshire
EN5 5TZ

FLEET BARN DEVELOPMENT LTD (Registered number: 08714289)

Statement of Financial Position
30 September 2021

30.9.21 30.9.20
Notes £    £   
CURRENT ASSETS
Stocks - 541,575
Debtors 4 148,081 149,342
Cash at bank 32,030 1,228
180,111 692,145
CREDITORS
Amounts falling due within one year 5 779,000 1,149,013
NET CURRENT LIABILITIES (598,889 ) (456,868 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(598,889

)

(456,868

)

CREDITORS
Amounts falling due after more than one year 6 182,735 182,735
NET LIABILITIES (781,624 ) (639,603 )

CAPITAL AND RESERVES
Called up share capital 7 1,000 1,000
Retained earnings 8 (782,624 ) (640,603 )
SHAREHOLDERS' FUNDS (781,624 ) (639,603 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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.

FLEET BARN DEVELOPMENT LTD (Registered number: 08714289)

Statement of Financial Position - continued
30 September 2021


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 27 June 2022 and were signed on its behalf by:





S Jegathjenan - Director


FLEET BARN DEVELOPMENT LTD (Registered number: 08714289)

Notes to the Financial Statements
for the Year Ended 30 September 2021


1. STATUTORY INFORMATION

FLEET BARN DEVELOPMENT LTD 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 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2020 - NIL).

FLEET BARN DEVELOPMENT LTD (Registered number: 08714289)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2021


4. DEBTORS
30.9.21 30.9.20
£    £   
Amounts falling due within one year:
Directors' current accounts 2,201 3,462

Amounts falling due after more than one year:
Amounts owed by participating interests 145,880 145,880

Aggregate amounts 148,081 149,342

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.21 30.9.20
£    £   
Bank loans and overdrafts - 297,311
Trade creditors - 1
Shareholder's loan 778,440 848,441
Other ShortTerm Loans 560 560
Accrued expenses - 2,700
779,000 1,149,013

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.21 30.9.20
£    £   
Amounts owed to participating interests 182,735 182,735

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.21 30.9.20
value: £    £   
1,000 Ordinary £1 1,000 1,000

8. RESERVES
Retained
earnings
£   

At 1 October 2020 (640,603 )
Deficit for the year (142,021 )
At 30 September 2021 (782,624 )