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REGISTERED NUMBER: 10596664 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

APPLEBARNS INVESTMENTS LTD

APPLEBARNS INVESTMENTS LTD (REGISTERED NUMBER: 10596664)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APPLEBARNS INVESTMENTS LTD

COMPANY INFORMATION
for the Year Ended 28 FEBRUARY 2023







DIRECTORS: Mrs T Tyler
C Tyler





REGISTERED OFFICE: Five Ways
57/59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS





REGISTERED NUMBER: 10596664 (England and Wales)





ACCOUNTANTS: SRG Newmans Limited
Five Ways
57-59 Hatfield Road
Potters Bar
Hertfordshire
EN6 1HS

APPLEBARNS INVESTMENTS LTD (REGISTERED NUMBER: 10596664)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 525 578
Investment property 5 1,969,907 2,069,759
1,970,432 2,070,337

CURRENT ASSETS
Cash at bank 6,314 82,138

CREDITORS
Amounts falling due within one year 6 1,920,352 2,123,406
NET CURRENT LIABILITIES (1,914,038 ) (2,041,268 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

56,394

29,069

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,294 28,969
SHAREHOLDERS' FUNDS 56,394 29,069

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 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.

APPLEBARNS INVESTMENTS LTD (REGISTERED NUMBER: 10596664)

BALANCE SHEET - continued
28 FEBRUARY 2023


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 7 November 2023 and were signed on its behalf by:





C Tyler - Director


APPLEBARNS INVESTMENTS LTD (REGISTERED NUMBER: 10596664)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Applebarns Investments 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on reducing balance

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

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 balance sheet date.

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.

APPLEBARNS INVESTMENTS LTD (REGISTERED NUMBER: 10596664)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2022 1,288
Additions 205
At 28 February 2023 1,493
DEPRECIATION
At 1 March 2022 710
Charge for year 258
At 28 February 2023 968
NET BOOK VALUE
At 28 February 2023 525
At 28 February 2022 578

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 2,069,759
Additions 19,187
Disposals (119,039 )
At 28 February 2023 1,969,907
NET BOOK VALUE
At 28 February 2023 1,969,907
At 28 February 2022 2,069,759

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

There are specific equitable charges over all freehold and leasehold properties and/or the proceeds of sale thereof fixed and floating charges over undertaking and all property and assets present and future including goodwill bookdebts and the benefits of any licences.

APPLEBARNS INVESTMENTS LTD (REGISTERED NUMBER: 10596664)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 28 FEBRUARY 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at the accounting year end date, Mr C Tyler had a directors loan account balance of £266,176 (2022: £327,925) owed to him, repayable on demand.

As at the accounting year end date, Mrs T Tyler had a directors loan account balance of £286,306 (2022: £348,055) owed to her, repayable on demand.

No interest is charged in respect of these loans.