Company Registration No. 12123025 (England and Wales)
Barber & Barber Investments Ltd
Unaudited accounts
for the year ended 31 July 2023
Barber & Barber Investments Ltd
Unaudited accounts
Contents
Barber & Barber Investments Ltd
Company Information
for the year ended 31 July 2023
Director
Georgeos Partheniou
Company Number
12123025 (England and Wales)
Registered Office
Woodside
Theobalds Road
Burgess Hill
West Sussex
RH15 0SS
United Kingdom
Accountants
JP Accountancy Services (Sussex) Limited
5 Fairfield Way
Ashington
Pulborough
West Sussex
RH20 3LA
Barber & Barber Investments Ltd
Statement of financial position
as at 31 July 2023
Investment property
134,571
134,571
Cash at bank and in hand
32
111
Creditors: amounts falling due within one year
(52,438)
(48,673)
Net current liabilities
(52,406)
(48,562)
Total assets less current liabilities
82,165
86,009
Creditors: amounts falling due after more than one year
(45,770)
(66,070)
Called up share capital
1
1
Profit and loss account
36,394
19,938
Shareholders' funds
36,395
19,939
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
Georgeos Partheniou
Director
Company Registration No. 12123025
Barber & Barber Investments Ltd
Notes to the Accounts
for the year ended 31 July 2023
Barber & Barber Investments Ltd is a private company, limited by shares, registered in England and Wales, registration number 12123025. The registered office is Woodside, Theobalds Road, Burgess Hill, West Sussex, RH15 0SS, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Fair value at 1 August 2022
134,571
Investment property consists of the property 29 Sussex Road, Haywards Heath, RH16 4DZ. The director considers the fair value of the property to be in line with the original purchase cost and as such, there has been no movement in fair value at 31 July 2023.
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
7,440
7,896
Taxes and social security
5,624
1,764
Other creditors
39,014
38,653
Barber & Barber Investments Ltd
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due after more than one year
2023
2022
The bank loan is secured by a fixed charge over the Ground Floor of 29 Sussex Road,Haywards Heath, RH16 4DZ.
7
Transactions with related parties
During the year, the company received rental income from Barber & Barber Limited, a company under common control, totalling £25,000 (2022: £13,500). At the balance sheet date, the company owed Barber & Barber Limited £39,014 (2022: £38,653).
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).