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REGISTERED NUMBER: 10137055 (England and Wales)















Garrison Barclay Estates Limited

Unaudited Financial Statements

for the Year Ended 30 September 2022






Garrison Barclay Estates Limited (Registered number: 10137055)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Garrison Barclay Estates Limited

Company Information
for the Year Ended 30 September 2022







DIRECTORS: A E McCarthy
J Howells





REGISTERED OFFICE: 19 Windsor Place
Cardiff
CF10 3BY





REGISTERED NUMBER: 10137055 (England and Wales)





ACCOUNTANTS: O'Brien and Partners
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Garrison Barclay Estates Limited (Registered number: 10137055)

Balance Sheet
30 September 2022

30.9.22 30.9.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 15,408 9,493
Investments 5 701 701
Investment property 6 9,140,846 9,113,035
9,156,955 9,123,229

CURRENT ASSETS
Debtors 7 24,696,744 11,543,726
Cash at bank 62,433 162,239
24,759,177 11,705,965
CREDITORS
Amounts falling due within one year 8 8,792,750 2,484,590
NET CURRENT ASSETS 15,966,427 9,221,375
TOTAL ASSETS LESS CURRENT LIABILITIES 25,123,382 18,344,604

CREDITORS
Amounts falling due after more than one year 9 3,949,223 7,334,559
NET ASSETS 21,174,159 11,010,045

CAPITAL AND RESERVES
Called up share capital 11 9,961 9,960
Other reserves 9,949,606 9,949,606
Retained earnings 11,214,592 1,050,479
SHAREHOLDERS' FUNDS 21,174,159 11,010,045

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

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

Garrison Barclay Estates Limited (Registered number: 10137055)

Balance Sheet - continued
30 September 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 November 2023 and were signed on its behalf by:





A E McCarthy - Director


Garrison Barclay Estates Limited (Registered number: 10137055)

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

1. STATUTORY INFORMATION

Garrison Barclay Estates 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.

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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment properties are then reviewed annually to ensure that an accurate amount is carried for each property.

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.


Garrison Barclay Estates Limited (Registered number: 10137055)

Notes to the Financial Statements - continued
for the Year Ended 30 September 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2021 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 October 2021 26,698 8,584 35,282
Additions 9,922 3,342 13,264
At 30 September 2022 36,620 11,926 48,546
DEPRECIATION
At 1 October 2021 22,447 3,342 25,789
Charge for year 4,741 2,608 7,349
At 30 September 2022 27,188 5,950 33,138
NET BOOK VALUE
At 30 September 2022 9,432 5,976 15,408
At 30 September 2021 4,251 5,242 9,493

Garrison Barclay Estates Limited (Registered number: 10137055)

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

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 October 2021
and 30 September 2022 701
NET BOOK VALUE
At 30 September 2022 701
At 30 September 2021 701

6. INVESTMENT PROPERTY
Total
£   
COST
At 1 October 2021 9,113,035
Additions 27,811
At 30 September 2022 9,140,846
NET BOOK VALUE
At 30 September 2022 9,140,846
At 30 September 2021 9,113,035

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£    £   
Trade debtors 106,120 88,335
Amounts owed by group undertakings 11,713,237 8,314,895
Amounts owed by related interests 9,954,174 2,458,137
Other debtors 2,923,213 682,359
24,696,744 11,543,726

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.22 30.9.21
£    £   
Bank loans and overdrafts 2,892,670 502,985
Trade creditors 279,683 127,925
Amounts owed to group undertakings 884,207 984,551
Amounts owed to related interests 751,762 505,140
Taxation and social security 52,701 89,788
Other creditors 3,931,727 274,201
8,792,750 2,484,590

Garrison Barclay Estates Limited (Registered number: 10137055)

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

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.22 30.9.21
£    £   
Bank loans 3,949,223 7,334,559

10. SECURED DEBTS

The following secured debts are included within creditors:

30.9.22 30.9.21
£    £   
Bank loans 6,841,893 7,837,544

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.9.22 30.9.21
value: £    £   
9,959,566 Ordinary £0.00 1 9,960 9,960
525 B Shares £0.00 1 1 -
9,961 9,960

525 B Shares shares of £0.001 each were allotted and fully paid for cash at par during the year.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2022 and 30 September 2021:

30.9.22 30.9.21
£    £   
A E McCarthy
Balance outstanding at start of year 387,500 791,175
Amounts advanced 1,645,032 1,391,784
Amounts repaid (5,415,116 ) (1,795,459 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (3,382,584 ) 387,500

J Howells
Balance outstanding at start of year 25,000 -
Amounts advanced - 25,000
Amounts repaid (25,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 25,000

Garrison Barclay Estates Limited (Registered number: 10137055)

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

13. RELATED PARTY DISCLOSURES

Included within amounts owed by related interests is £9,954,174 (2021: £2,458,137) due from companies with a common Director.Included within amounts owed to related interests is £751,762 (2021: £505,140) owed to companies with a common director.

At the year end the company was due £nil (2021: £95,248 ) and owed £609,565 (2021: £817,973) to a company which is not a 100% subsidiary of the group.

14. ULTIMATE CONTROLLING PARTY

The controlling party is Verraux Limited.

The ultimate controlling party is A E McCarthy.