REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 December 2022 |
for |
Barnwell Young Associates Ltd |
REGISTERED NUMBER: |
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 |
Investments | 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 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Improvements to property | - |
Fixtures, fittings & equipment | - |
Computer equipment | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures, |
to | fittings | Computer |
property | & equipment | equipment | Totals |
£ | £ | £ | £ |
COST |
At 31 December 2021 |
Additions |
Disposals | ( |
) | ( |
) |
At 30 December 2022 |
DEPRECIATION |
At 31 December 2021 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) |
At 30 December 2022 |
NET BOOK VALUE |
At 30 December 2022 |
At 30 December 2021 |
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 |
NET BOOK VALUE |
At 30 December 2022 |
At 30 December 2021 |
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 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2022 | 2021 |
£ | £ |
Bank loans |
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. |