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REGISTERED NUMBER: 00632019 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Industrial Properties (Barton Hill)
Limited

Industrial Properties (Barton Hill)
Limited (Registered number: 00632019)

Contents of the Financial Statements
for the Year Ended 31 March 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Industrial Properties (Barton Hill)
Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: J C A Parker
J P Parker
Mrs J V Symons





SECRETARY: Mrs J V Symons





REGISTERED OFFICE: Naish Lodge, Naish Hill
Clapton-In-Gordano
Bristol
BS20 7RZ





REGISTERED NUMBER: 00632019 (England and Wales)





ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS

Industrial Properties (Barton Hill)
Limited (Registered number: 00632019)

Statement of Financial Position
31 March 2023

31/3/23 31/3/22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 138 184
Tangible assets 5 23,985 27,751
Investment property 6 4,053,001 4,000,846
4,077,124 4,028,781

CURRENT ASSETS
Debtors 7 22,388 14,432
Investments 8 153,856 126,689
Cash at bank and in hand 351,335 289,507
527,579 430,628
CREDITORS
Amounts falling due within one year 9 178,207 123,568
NET CURRENT ASSETS 349,372 307,060
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,426,496

4,335,841

PROVISIONS FOR LIABILITIES 260,004 188,234
NET ASSETS 4,166,492 4,147,607

CAPITAL AND RESERVES
Called up share capital 400 400
Share premium 47,600 47,600
Capital redemption reserve 230,504 230,504
Fair value reserve 3,078,437 3,102,023
Retained earnings 809,551 767,080
SHAREHOLDERS' FUNDS 4,166,492 4,147,607

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Industrial Properties (Barton Hill)
Limited (Registered number: 00632019)

Statement of Financial Position - continued
31 March 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 20 October 2023 and were signed on its behalf by:




J P Parker - Director



J C A Parker - Director


Industrial Properties (Barton Hill)
Limited (Registered number: 00632019)

Notes to the Financial Statements
for the Year Ended 31 March 2023


1. STATUTORY INFORMATION

Industrial Properties (Barton Hill) Limited 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents and property income receivable during the year.

Intangible assets
Intangible assets consist of purchased rent charges. Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Amortisation is provided for on a straight line basis over the remaining useful economic life of the assets which is estimated to be 5 years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - at variable rates on reducing balance
Motor vehicles - 15% on reducing balance
Office equipment - 25% 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 the Income Statement.

Financial instruments
Current asset investments are initially measured at cost. After initial recognition, investments are measured at fair value, with reference to quoted stock exchange prices on 31 March.

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 statement of financial position date.


Industrial Properties (Barton Hill)
Limited (Registered number: 00632019)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
Cost
At 1 April 2022
and 31 March 2023 490
Amortisation
At 1 April 2022 306
Charge for year 46
At 31 March 2023 352
Net book value
At 31 March 2023 138
At 31 March 2022 184

Industrial Properties (Barton Hill)
Limited (Registered number: 00632019)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Office
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 April 2022 52,234 30,500 4,517 87,251
Additions 271 - - 271
At 31 March 2023 52,505 30,500 4,517 87,522
Depreciation
At 1 April 2022 43,740 11,769 3,991 59,500
Charge for year 1,096 2,810 131 4,037
At 31 March 2023 44,836 14,579 4,122 63,537
Net book value
At 31 March 2023 7,669 15,921 395 23,985
At 31 March 2022 8,494 18,731 526 27,751

6. INVESTMENT PROPERTY
Total
£   
Fair value
At 1 April 2022 4,000,846
Revaluations 52,155
At 31 March 2023 4,053,001
Net book value
At 31 March 2023 4,053,001
At 31 March 2022 4,000,846

If investment properties had not been revalued they would have been included at the historical cost of £721,305 (2022 - £721,305).

Investment property was valued on an open market basis on 25 March 2023 by J P Parker MRICS.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade debtors 17,538 10,774
Other debtors 4,850 3,658
22,388 14,432

8. CURRENT ASSET INVESTMENTS
31/3/23 31/3/22
£    £   
Listed investments 153,856 126,689

Industrial Properties (Barton Hill)
Limited (Registered number: 00632019)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/23 31/3/22
£    £   
Trade creditors 14,213 1,725
Taxation and social security 36,036 37,957
Other creditors 127,958 83,886
178,207 123,568

10. RELATED PARTY DISCLOSURES

During the year a director resided rent free in an investment property owned by the company.

Barton Hill Properties Limited
A company under common control

Management charges totalling £11,000 (2022 - £Nil) were made from Barton Hill Properties Limited. The recharges made are outstanding at the year end, with the balance due of £11,000 (2022 - £Nil) being repaid in full after the year end.

Cabot Industrial Development Company Limited
A company under common control

Management charges totalling £35,000 (2022 - £Nil) were made from Cabot Industrial Development Company Limited. The recharges made are outstanding at the year end, with the balance due of £35,000 (2022 - £Nil) being repaid in full after the year end.