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REGISTERED NUMBER: 05318518 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 December 2022

for

Barnwell Young Associates Ltd

Barnwell Young Associates Ltd (Registered number: 05318518)






Contents of the Financial Statements
for the Year Ended 30 December 2022




Page

Balance Sheet 1

Notes to the Financial Statements 3


Barnwell Young Associates Ltd (Registered number: 05318518)

Balance Sheet
30 December 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 74,815 83,308
Investments 5 267,760 267,760
342,575 351,068

CURRENT ASSETS
Debtors 6 8,982 687
Cash at bank 195 1,370
9,177 2,057
CREDITORS
Amounts falling due within one year 7 85,184 65,515
NET CURRENT LIABILITIES (76,007 ) (63,458 )
TOTAL ASSETS LESS CURRENT LIABILITIES 266,568 287,610

CREDITORS
Amounts falling due after more than one year 8 (141,295 ) (148,095 )

PROVISIONS FOR LIABILITIES (13,791 ) (15,320 )
NET ASSETS 111,482 124,195

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 111,382 124,095
SHAREHOLDERS' FUNDS 111,482 124,195

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2022.

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

Barnwell Young Associates Ltd (Registered number: 05318518)

Balance Sheet - continued
30 December 2022


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2023 and were signed on its behalf by:





Mr M R Young - Director


Barnwell Young Associates Ltd (Registered number: 05318518)

Notes to the Financial Statements
for the Year Ended 30 December 2022

1. STATUTORY INFORMATION

Barnwell Young Associates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 05318518

Registered office: Ebenezer House
Ryecroft
Newcastle under Lyme
Staffordshire
ST5 2BE

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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced

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 - 10% on cost
Fixtures, fittings & equipment - 15% on reducing balance
Computer equipment - 33% on reducing balance

Investment properties are not depreciated and are shown at fair value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Barnwell Young Associates Ltd (Registered number: 05318518)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2022

2. ACCOUNTING POLICIES - continued
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 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures,
to fittings Computer
property & equipment equipment Totals
£    £    £    £   
COST
At 31 December 2021 24,404 79,162 1,866 105,432
Additions 6,322 - - 6,322
Disposals (2,734 ) - - (2,734 )
At 30 December 2022 27,992 79,162 1,866 109,020
DEPRECIATION
At 31 December 2021 3,782 17,310 1,032 22,124
Charge for year 2,800 9,278 276 12,354
Eliminated on disposal (273 ) - - (273 )
At 30 December 2022 6,309 26,588 1,308 34,205
NET BOOK VALUE
At 30 December 2022 21,683 52,574 558 74,815
At 30 December 2021 20,622 61,852 834 83,308

Barnwell Young Associates Ltd (Registered number: 05318518)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2022

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 31 December 2021
and 30 December 2022 267,760
NET BOOK VALUE
At 30 December 2022 267,760
At 30 December 2021 267,760

The Fixed Asset Investments represent properties acquired during 2005 and 2020 and are shown at cost, which in the opinion of the directors is at fair value as at 31st December 2022.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 8,982 687

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,308 11,678
Trade creditors 3,481 5,254
Taxation and social security 15,162 20,374
Other creditors 56,233 28,209
85,184 65,515

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2022 2021
£    £   
Bank loans 141,295 148,095

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 98,470 106,391

Barnwell Young Associates Ltd (Registered number: 05318518)

Notes to the Financial Statements - continued
for the Year Ended 30 December 2022

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Mortgages 110,408 113,023

National Westminster Bank PLC hold both: a fixed charge over the property named Church School, Woore Road, Madeley, Crewe, CW3 9PH; and also hold a fixed and floating charge that covers all the property of undertaking of the company.