Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31falseNo description of principal activityfalse22022-01-24trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13867549 2022-01-23 13867549 2022-01-24 2023-03-31 13867549 2021-01-24 2022-01-23 13867549 2023-03-31 13867549 c:Director1 2022-01-24 2023-03-31 13867549 d:FreeholdInvestmentProperty 2022-01-24 2023-03-31 13867549 d:FreeholdInvestmentProperty 2023-03-31 13867549 d:CurrentFinancialInstruments 2023-03-31 13867549 d:Non-currentFinancialInstruments 2023-03-31 13867549 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 13867549 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 13867549 d:ShareCapital 2023-03-31 13867549 d:RetainedEarningsAccumulatedLosses 2023-03-31 13867549 c:OrdinaryShareClass1 2022-01-24 2023-03-31 13867549 c:OrdinaryShareClass1 2023-03-31 13867549 c:FRS102 2022-01-24 2023-03-31 13867549 c:AuditExempt-NoAccountantsReport 2022-01-24 2023-03-31 13867549 c:FullAccounts 2022-01-24 2023-03-31 13867549 c:PrivateLimitedCompanyLtd 2022-01-24 2023-03-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 13867549










BARKSTON ESTATES LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
BARKSTON ESTATES LTD
REGISTERED NUMBER: 13867549

BALANCE SHEET
AS AT 31 MARCH 2023

2023
Note
£

Fixed assets
  

Investment property
 4 
1,319,517

Current assets
  

Debtors: amounts falling due within one year
  
9,196

Cash at bank and in hand
  
3,195

  
12,391

Creditors: amounts falling due within one year
 7 
(547,084)

Net current (liabilities)/assets
  
 
 
(534,693)

Total assets less current liabilities
  
784,824

Creditors: amounts falling due after more than one year
 8 
(802,614)

  

Net (liabilities)/assets
  
(17,790)


Capital and reserves
  

Called up share capital 
  
100

Profit and loss account
  
(17,890)

  
(17,790)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
Dr D J Baker
Page 1

 
BARKSTON ESTATES LTD
REGISTERED NUMBER: 13867549
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

Director

Date: 14 November 2023

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BARKSTON ESTATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Barkston Estates Ltd is a private company limited by shares, incorporated in England, registered number 13867549, with a registered office at Century House, 1 The Lakes, Northampton, NN4 7HD.
The company was incorporated on 24 January 2022 and the company started to trade following the purchase of the first property on 29 July 2022.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
BARKSTON ESTATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.4

Current and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
BARKSTON ESTATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

2.Accounting policies (continued)

 
2.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 2.


4.


Investment property


Freehold investment property

£



Valuation


Additions at cost
1,319,517



At 31 March 2023
1,319,517

The 2023 valuations were made by the directors, on an open market value for existing use basis.




5.


Debtors

2023
£


Other debtors
5,000

Deferred taxation
4,196

9,196



6.


Cash and cash equivalents

2023
£

Cash at bank and in hand
3,195


Page 5

 
BARKSTON ESTATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

7.


Creditors: Amounts falling due within one year

2023
£

Other creditors
544,016

Accruals and deferred income
3,068

547,084



8.


Creditors: Amounts falling due after more than one year

2023
£

Bank loans
802,614



9.


Share capital

2023
£
Allotted, called up and fully paid


100 Ordinary shares of £1.00 each
100


On 24 January 2022 100 Ordinary shares with a value of £1 each were issued.


10.


Related party transactions

At the balance sheet date, there was a balance due to directors of £544,016. The loan is interest free and there is no fixed repayment date.
The Directors of the company are members of Lovedon Estates LLP. At the balance sheet date, there was a balance due from Lovedon Estates LLP of £5,000. The loan is interest free and there is no fixed repayment date.

 
Page 6