6 false false false false false false false false false true false false false false false false No description of principal activity 2020-10-01 Sage Accounts Production Advanced 2021 - FRS102_2021 102,044 287,161 xbrli:pure xbrli:shares iso4217:GBP 06498750 2020-10-01 2021-09-30 06498750 2021-09-30 06498750 2020-09-30 06498750 2019-10-01 2020-09-30 06498750 2020-09-30 06498750 2019-09-30 06498750 bus:RegisteredOffice 2020-10-01 2021-09-30 06498750 bus:LeadAgentIfApplicable 2020-10-01 2021-09-30 06498750 bus:Director4 2020-10-01 2021-09-30 06498750 bus:Director7 2020-10-01 2021-09-30 06498750 bus:CompanySecretary1 2020-10-01 2021-09-30 06498750 bus:Director5 2020-10-01 2021-09-30 06498750 core:WithinOneYear 2021-09-30 06498750 core:WithinOneYear 2020-09-30 06498750 core:RetainedEarningsAccumulatedLosses 2020-09-30 06498750 core:RetainedEarningsAccumulatedLosses 2019-09-30 06498750 core:RetainedEarningsAccumulatedLosses 2021-09-30 06498750 core:RetainedEarningsAccumulatedLosses 2020-09-30 06498750 core:ShareCapital 2021-09-30 06498750 core:ShareCapital 2020-09-30 06498750 bus:Director4 2020-09-30 06498750 bus:Director4 2021-09-30 06498750 bus:Director7 2020-09-30 06498750 bus:Director7 2021-09-30 06498750 bus:Director4 2019-09-30 06498750 bus:Director4 2020-09-30 06498750 bus:Director7 2019-09-30 06498750 bus:Director7 2020-09-30 06498750 bus:Director4 2019-10-01 2020-09-30 06498750 bus:Director7 2019-10-01 2020-09-30 06498750 bus:SmallEntities 2020-10-01 2021-09-30 06498750 bus:AuditExemptWithAccountantsReport 2020-10-01 2021-09-30 06498750 bus:FullAccounts 2020-10-01 2021-09-30 06498750 bus:SmallCompaniesRegimeForAccounts 2020-10-01 2021-09-30 06498750 bus:PrivateLimitedCompanyLtd 2020-10-01 2021-09-30
COMPANY REGISTRATION NUMBER: 06498750
Barton Bridging Capital Limited
Unaudited Financial Statements
For the year ended
30 September 2021
Barton Bridging Capital Limited
Financial Statements
Year ended 30 September 2021
Contents
Pages
Officers and professional advisers
1
Directors' report
2
Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements
3
Statement of income and retained earnings
4
Statement of financial position
5
Notes to the financial statements
6 to 9
Barton Bridging Capital Limited
Officers and Professional Advisers
The board of directors
C E Leak
A Nicolas
Company secretary
C E Leak
Registered office
Hyde House
The Hyde
Edgware Road
London
NW9 6LA
Accountants
Mackenzie Field
Chartered Accountants
Hyde House
The Hyde
Edgware Road
London
NW9 6LA
Barton Bridging Capital Limited
Directors' Report
Year ended 30 September 2021
The directors present their report and the unaudited financial statements of the company for the year ended 30 September 2021 .
Directors
The directors who served the company during the year were as follows:
C E Leak
J Robertson
A Nicolas
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 12 September 2022 and signed on behalf of the board by:
C E Leak
Director
Registered office:
Hyde House
The Hyde
Edgware Road
London
NW9 6LA
Barton Bridging Capital Limited
Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Barton Bridging Capital Limited
Year ended 30 September 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Barton Bridging Capital Limited for the year ended 30 September 2021, which comprise the statement of income and retained earnings, statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of Barton Bridging Capital Limited, as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Barton Bridging Capital Limited and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barton Bridging Capital Limited and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that Barton Bridging Capital Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Barton Bridging Capital Limited. You consider that Barton Bridging Capital Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Barton Bridging Capital Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Mackenzie Field Chartered Accountants
Hyde House The Hyde Edgware Road London NW9 6LA
12 September 2022
Barton Bridging Capital Limited
Statement of Income and Retained Earnings
Year ended 30 September 2021
2021
2020
Note
£
£
Turnover
1,189,152
853,005
------------
---------
Gross profit
1,189,152
853,005
Administrative expenses
364,218
359,501
Other operating income
( 14,656)
------------
---------
Operating profit
824,934
478,848
Income from participating interests
985,194
1,129,865
Other interest receivable and similar income
37
43
Interest payable and similar expenses
1,708,121
1,321,595
------------
------------
Profit before taxation
5
102,044
287,161
Tax on profit
---------
---------
Profit for the financial year and total comprehensive income
102,044
287,161
---------
---------
Retained losses at the start of the year
( 1,092,933)
( 1,380,094)
------------
------------
Retained losses at the end of the year
( 990,889)
( 1,092,933)
------------
------------
All the activities of the company are from continuing operations.
Barton Bridging Capital Limited
Statement of Financial Position
30 September 2021
2021
2020
Note
£
£
£
Fixed assets
Tangible assets
6
916
Current assets
Debtors
7
19,793,412
14,153,583
Cash at bank and in hand
987,033
629,243
-------------
-------------
20,780,445
14,782,826
Creditors: amounts falling due within one year
8
21,771,325
15,876,666
-------------
-------------
Net current liabilities
990,880
1,093,840
---------
------------
Total assets less current liabilities
( 990,880)
( 1,092,924)
---------
------------
Net liabilities
( 990,880)
( 1,092,924)
---------
------------
Capital and reserves
Called up share capital
9
9
Profit and loss account
( 990,889)
( 1,092,933)
---------
------------
Shareholders deficit
( 990,880)
( 1,092,924)
---------
------------
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
For the year ending 30 September 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 September 2022 , and are signed on behalf of the board by:
C E Leak
Director
Company registration number: 06498750
Barton Bridging Capital Limited
Notes to the Financial Statements
Year ended 30 September 2021
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hyde House, The Hyde, Edgware Road, London, NW9 6LA.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. Its financial statements are consolidated into the financial statements of (enter name of group financial statements) which can be obtained from (enter detail). As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: (a) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) No disclosure has been given for the aggregate remuneration of key management personnel.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents interest earned in the period.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
33% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 6 (2020: 6 ).
5. Profit before taxation
Profit before taxation is stated after charging:
2021
2020
£
£
Depreciation of tangible assets
916
917
----
----
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 October 2020 and 30 September 2021
40,895
40,895
--------
--------
Depreciation
At 1 October 2020
39,979
39,979
Charge for the year
916
916
--------
--------
At 30 September 2021
40,895
40,895
--------
--------
Carrying amount
At 30 September 2021
--------
--------
At 30 September 2020
916
916
--------
--------
7. Debtors
2021
2020
£
£
Trade debtors
1,614,001
1,634,001
Other debtors
18,179,411
12,519,582
-------------
-------------
19,793,412
14,153,583
-------------
-------------
8. Creditors: amounts falling due within one year
2021
2020
£
£
Social security and other taxes
7,007
6,872
Other creditors
21,764,318
15,869,794
-------------
-------------
21,771,325
15,876,666
-------------
-------------
9. Directors' advances, credits and guarantees
During the year the directors entered into the following advances and credits with the company:
2021
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
C E Leak
( 307,069)
5,220
( 301,849)
A Nicolas
( 5,819,790)
( 2,966,557)
( 8,786,347)
------------
------------
------------
( 6,126,859)
( 2,961,337)
( 9,088,196)
------------
------------
------------
2020
Balance brought forward
Advances/ (credits) to the directors
Balance outstanding
£
£
£
C E Leak
( 212,835)
( 94,234)
( 307,069)
A Nicolas
( 4,794,455)
( 1,025,335)
( 5,819,790)
------------
------------
------------
( 5,007,290)
( 1,119,569)
( 6,126,859)
------------
------------
------------