0 28/02/2023 2023-02-28 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2022-03-01 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 08912147 2022-03-01 2023-02-28 08912147 2023-02-28 08912147 2021-03-01 2022-02-28 08912147 2022-02-28 08912147 2021-02-28 08912147 bus:RegisteredOffice 2022-03-01 2023-02-28 08912147 bus:LeadAgentIfApplicable 2022-03-01 2023-02-28 08912147 bus:Director1 2022-03-01 2023-02-28 08912147 bus:Director2 2022-03-01 2023-02-28 08912147 bus:CompanySecretary1 2022-03-01 2023-02-28 08912147 core:ShareCapital 2022-03-01 2023-02-28 08912147 core:CapitalRedemptionReserve 2022-03-01 2023-02-28 08912147 core:RetainedEarningsAccumulatedLosses 2022-03-01 2023-02-28 08912147 core:RetainedEarningsAccumulatedLosses 2021-03-01 2022-02-28 08912147 core:WithinOneYear 2023-02-28 08912147 core:WithinOneYear 2022-02-28 08912147 core:ShareCapital 2023-02-28 08912147 core:ShareCapital 2022-02-28 08912147 core:CapitalRedemptionReserve 2023-02-28 08912147 core:RetainedEarningsAccumulatedLosses 2023-02-28 08912147 core:RetainedEarningsAccumulatedLosses 2022-02-28 08912147 core:ShareCapital 2021-02-28 08912147 core:RetainedEarningsAccumulatedLosses 2021-02-28 08912147 bus:Director2 2023-02-28 08912147 bus:Director2 2022-02-28 08912147 bus:SmallEntities 2022-03-01 2023-02-28 08912147 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 08912147 bus:FullAccounts 2022-03-01 2023-02-28 08912147 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 08912147 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 08912147 1 2022-03-01 2023-02-28
Company registration number: 08912147
Barons Court Development Limited
Unaudited filleted financial statements
28 February 2023
Barons Court Development Limited
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Barons Court Development Limited
Directors and other information
Directors Mr Mark Evans (Resigned 7 July 2022)
Mr Nigel Thomas
Secretary Tracy Thomas
Company number 08912147
Registered office 2 Caemaen
Bryncoch
Neath
SA10 7YN
Accountants Morgan Hemp
103-104 Walter Road
Swansea
SA1 5QF
Bankers Barclays Plc
Barons Court Development Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Barons Court Development Limited
Year ended 28 February 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Barons Court Development Limited for the year ended 28 February 2023 which comprise the statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants , we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/ professional-standards/ rules-standards/acca-rulebook.html.
This report is made solely to the board of directors of Barons Court Development Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Barons Court Development Limited and state those matters that we have agreed to state to the board of directors of Barons Court Development Limited as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global /Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barons Court Development Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Barons Court Development Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Barons Court Development Limited. You consider that Barons Court Development Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Barons Court Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Morgan Hemp
Chartered Certified Accountants
103-104 Walter Road
Swansea
SA1 5QF
28 November 2023
Barons Court Development Limited
Statement of financial position
28 February 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 5 4,625 481
Cash at bank and in hand 298,882 621,271
_______ _______
303,507 621,752
Creditors: amounts falling due
within one year 6 ( 13,868) ( 39,061)
_______ _______
Net current assets 289,639 582,691
_______ _______
Total assets less current liabilities 289,639 582,691
_______ _______
Net assets 289,639 582,691
_______ _______
Capital and reserves
Called up share capital 1 2
Capital redemption reserve 1 -
Profit and loss account 289,637 582,689
_______ _______
Shareholders funds 289,639 582,691
_______ _______
For the year ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 28 November 2023 , and are signed on behalf of the board by:
Mr Nigel Thomas
Director
Company registration number: 08912147
Barons Court Development Limited
Statement of changes in equity
Year ended 28 February 2023
Called up share capital Capital redemption reserve Profit and loss account Total
£ £ £ £
At 1 March 2021 2 - 584,055 584,057
Loss for the year ( 1,366) ( 1,366)
_______ _______ _______ _______
Total comprehensive income for the year - - ( 1,366) ( 1,366)
_______ _______ _______ _______
At 28 February 2022 and 1 March 2022 2 - 582,689 582,691
Loss for the year ( 977) ( 977)
_______ _______ _______ _______
Total comprehensive income for the year - - ( 977) ( 977)
Cancellation of subscribed capital ( 1) 1 - -
Company purchase of own shares - - ( 292,075) ( 292,075)
_______ _______ _______ _______
Total investments by and distributions to owners ( 1) 1 ( 292,075) ( 292,075)
_______ _______ _______ _______
At 28 February 2023 1 1 289,637 289,639
_______ _______ _______ _______
Barons Court Development Limited
Notes to the financial statements
Year ended 28 February 2023
1. General information
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is 2 Caemaen, Bryncoch, Neath, SA10 7YN.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the year amounted to Nil (2022: Nil).
5. Debtors
2023 2022
£ £
Other debtors 4,625 481
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Trade creditors - 27,893
Corporation tax - 1,168
Other creditors 13,868 10,000
_______ _______
13,868 39,061
_______ _______
7. Directors advances, credits and guarantees
Balance brought forward and o/standing Balance brought forward and o/standing
2023 2022
£ £
Mr Nigel Thomas 1 1
_______ _______
8. Controlling party
The company is under the control of the director.