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REGISTERED NUMBER: 05373675 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2023

for

The Great Barn (Place Barton) Limited

The Great Barn (Place Barton) Limited (Registered number: 05373675)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


The Great Barn (Place Barton) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Lady E L Birkin
Sir J C W Birkin





SECRETARY: Lady E L Birkin





REGISTERED OFFICE: Place Barton
Higher Ashton
Exeter
Devon
EX6 7QP





REGISTERED NUMBER: 05373675 (England and Wales)





ACCOUNTANTS: A C Mole
Stafford House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX

The Great Barn (Place Barton) Limited (Registered number: 05373675)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 491,090 487,983

CURRENT ASSETS
Debtors 5 76,200 19,402
Cash at bank 42,523 55,199
118,723 74,601
CREDITORS
Amounts falling due within one year 6 81,354 90,871
NET CURRENT ASSETS/(LIABILITIES) 37,369 (16,270 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

528,459

471,713

CREDITORS
Amounts falling due after more than one
year

7

(175,637

)

(212,142

)

PROVISIONS FOR LIABILITIES (18,037 ) (16,142 )
NET ASSETS 334,785 243,429

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 334,783 243,427
334,785 243,429

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.

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 22 December 2023 and were signed on its behalf by:





Sir J C W Birkin - Director


The Great Barn (Place Barton) Limited (Registered number: 05373675)

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

1. STATUTORY INFORMATION

The Great Barn (Place Barton) 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.

Significant judgements and estimates
The directors are of the opinion that there are no estimates or assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 5% on cost
Improvements to property - 5% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on cost and 5% on cost
Motor vehicles - 25% on cost

Financial instruments
The company only has financial assets and liabilities that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at settlement value.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2022 - 13 ) .

The Great Barn (Place Barton) Limited (Registered number: 05373675)

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

4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST
At 1 April 2022 349,534 110,064 10,353
Additions - 9,586 2,448
At 31 March 2023 349,534 119,650 12,801
DEPRECIATION
At 1 April 2022 1,704 55,807 716
Charge for year 426 5,649 2,692
At 31 March 2023 2,130 61,456 3,408
NET BOOK VALUE
At 31 March 2023 347,404 58,194 9,393
At 31 March 2022 347,830 54,257 9,637

Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2022 215,795 16,987 702,733
Additions 12,515 - 24,549
At 31 March 2023 228,310 16,987 727,282
DEPRECIATION
At 1 April 2022 139,536 16,987 214,750
Charge for year 12,675 - 21,442
At 31 March 2023 152,211 16,987 236,192
NET BOOK VALUE
At 31 March 2023 76,099 - 491,090
At 31 March 2022 76,259 - 487,983

Included in cost of land and buildings is freehold land of £ 341,014 (2022 - £ 341,014 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 7,229
Other debtors 76,200 12,173
76,200 19,402

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts (see note 8) 31,718 33,334
Taxation and social security 25,821 23,305
Other creditors 23,815 34,232
81,354 90,871

The Great Barn (Place Barton) Limited (Registered number: 05373675)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans (see note 8) 165,637 197,142
Other creditors 10,000 15,000
175,637 212,142

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 57,098 71,290

An additional bank loan was drawn down in July 2020 under the CBILS provisions due to the Covid-19 pandemic. The loan, which includes a 12 month interest and capital repayment holiday, carries interest at a fixed rate of 2.5% and is repayable in 60 monthly instalments from July 2021. The loan is repayable by June 2026.

8. LOANS

An analysis of the maturity of loans is given below:

2023 2022
£    £   
Amounts falling due within one year or on demand:
Bank loans 31,718 33,334

Amounts falling due between two and five years:
Bank loans - 2-5 years 108,539 125,852

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 57,098 71,290

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
Lady E L Birkin and Sir J C W Birkin
Balance outstanding at start of year (13,447 ) 13,955
Amounts advanced 133,008 53,105
Amounts repaid (49,611 ) (80,507 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 69,950 (13,447 )

Interest at a rate of 2% has been charged on the loan which is repayable on demand.