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REGISTERED NUMBER: 06478549 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

BARWIN HOLDINGS LIMITED

BARWIN HOLDINGS LIMITED (REGISTERED NUMBER: 06478549)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BARWIN HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: W M Sampson





SECRETARY: Ms S R Wilson





REGISTERED OFFICE: 114-116 Goodmayes Road
Ilford
Essex
IG3 9UZ





REGISTERED NUMBER: 06478549 (England and Wales)





ACCOUNTANTS: Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ

BARWIN HOLDINGS LIMITED (REGISTERED NUMBER: 06478549)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 117,519 105,513
Investments 5 1,879,480 1,879,480
1,996,999 1,984,993

CURRENT ASSETS
Debtors 6 1,818,125 1,844,980
Cash at bank and in hand 788,418 780,368
2,606,543 2,625,348
CREDITORS
Amounts falling due within one year 7 2,772,678 2,819,979
NET CURRENT LIABILITIES (166,135 ) (194,631 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,830,864

1,790,362

CAPITAL AND RESERVES
Called up share capital 8 485,000 485,000
Capital redemption reserve 9 485,000 485,000
Retained earnings 9 860,864 820,362
SHAREHOLDERS' FUNDS 1,830,864 1,790,362

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 director acknowledges his 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.

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 director and authorised for issue on 27 November 2023 and were signed by:



W M Sampson - Director


BARWIN HOLDINGS LIMITED (REGISTERED NUMBER: 06478549)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Barwin Holdings 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.

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.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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.

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 11 (2022 - 11 ) .

BARWIN HOLDINGS LIMITED (REGISTERED NUMBER: 06478549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 March 2022 3,036 21,095 45,418
Additions - - -
Disposals - - -
At 28 February 2023 3,036 21,095 45,418
DEPRECIATION
At 1 March 2022 607 17,556 29,861
Charge for year 304 707 3,112
Eliminated on disposal - - -
At 28 February 2023 911 18,263 32,973
NET BOOK VALUE
At 28 February 2023 2,125 2,832 12,445
At 28 February 2022 2,429 3,539 15,557

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2022 109,400 48,547 227,496
Additions 75,400 3,313 78,713
Disposals (38,950 ) - (38,950 )
At 28 February 2023 145,850 51,860 267,259
DEPRECIATION
At 1 March 2022 35,870 38,089 121,983
Charge for year 29,929 3,443 37,495
Eliminated on disposal (9,738 ) - (9,738 )
At 28 February 2023 56,061 41,532 149,740
NET BOOK VALUE
At 28 February 2023 89,789 10,328 117,519
At 28 February 2022 73,530 10,458 105,513

BARWIN HOLDINGS LIMITED (REGISTERED NUMBER: 06478549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 1,879,480
NET BOOK VALUE
At 28 February 2023 1,879,480
At 28 February 2022 1,879,480

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Barwin Property Services limited
Registered office: 114-116 Goodmayes Road, Ilford, Essex, IG3 9UZ
Nature of business: Commercial construction
%
Class of shares: holding
Ordinary 100.00
Ordinary A 100.00

Barwin Cleaning Contractors Limited
Registered office: 114-116 Goodmayes Road, Ilford, Essex, IG3 9UZ
Nature of business: Property cleaning services
%
Class of shares: holding
Ordinary 100.00
Ordinary A 100.00

Barwin Decorating Services Limited
Registered office: 114-116 Goodmayes Road, Ilford, Essex, IG3 9UZ
Nature of business: Decorating services
%
Class of shares: holding
Ordinary 100.00

Name of undertaking Shares Costs

Barwin Property Services Limited 320 1,809,000
Barwin Cleaning Contractors Limited 200 70,380
Barwin Decorating Services Limited 100 100
Total 1,879,480


BARWIN HOLDINGS LIMITED (REGISTERED NUMBER: 06478549)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


6. DEBTORS
28.2.23 28.2.22
£    £   
Amounts falling due within one year:
Trade debtors - 2,960
Amounts owed by participating interests 16,900 16,900
Other debtors - 24,050
Rent Deposit 7,200 7,200
Staff Loan 360 -
Tax - Section 455 425,412 425,046
Prepayments 20,256 21,913
470,128 498,069

Amounts falling due after more than one year:
Directors' loan accounts 1,347,997 1,346,911

Aggregate amounts 1,818,125 1,844,980

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Trade creditors 2,667 10,431
Amounts owed to participating interests 2,719,672 2,619,172
Tax 11,667 76,797
Social security and other taxes 10,429 21,193
VAT 21,296 82,912
Pension fund 1,254 1,573
Credit Card 1,768 4,131
Accrued expenses 3,925 3,770
2,772,678 2,819,979

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
485,000 Ordinary £1 485,000 485,000

9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 March 2022 820,362 485,000 1,305,362
Profit for the year 104,502 104,502
Dividends (64,000 ) (64,000 )
At 28 February 2023 860,864 485,000 1,345,864