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REGISTERED NUMBER: 11530094 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 August 2023

for

Barracuda South Ltd

Barracuda South Ltd (Registered number: 11530094)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barracuda South Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTORS: Mr C Bailey
Mrs S Bailey





SECRETARY: Mr C Bailey





REGISTERED OFFICE: 3 Praze Road
Newquay
Cornwall
TR7 3DE





REGISTERED NUMBER: 11530094 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
BS32 4JY

Barracuda South Ltd (Registered number: 11530094)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 558 656
Investment property 5 1,290,000 165,000
1,290,558 165,656

CURRENT ASSETS
Debtors 6 3,905 -
Cash at bank and in hand 1,493 1,300
5,398 1,300
CREDITORS
Amounts falling due within one year 7 235,532 175,263
NET CURRENT LIABILITIES (230,134 ) (173,963 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,060,424 (8,307 )

CREDITORS
Amounts falling due after more than one year 8 121,827 -
NET ASSETS/(LIABILITIES) 938,597 (8,307 )

CAPITAL AND RESERVES
Called up share capital 9 476,436 1
Share premium 10 476,436 -
Retained earnings 10 (14,275 ) (8,308 )
SHAREHOLDERS' FUNDS 938,597 (8,307 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

Barracuda South Ltd (Registered number: 11530094)

Balance Sheet - continued
31 August 2023


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 31 January 2024 and were signed on its behalf by:





Mr C Bailey - Director


Barracuda South Ltd (Registered number: 11530094)

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

1. STATUTORY INFORMATION

Barracuda South Ltd 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.
Fixtures and fittings - 15% on reducing balance

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.

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 NIL (2022 - NIL).

Barracuda South Ltd (Registered number: 11530094)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 September 2022
and 31 August 2023 656
DEPRECIATION
Charge for year 98
At 31 August 2023 98
NET BOOK VALUE
At 31 August 2023 558
At 31 August 2022 656

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022 165,000
Additions 1,125,000
At 31 August 2023 1,290,000
NET BOOK VALUE
At 31 August 2023 1,290,000
At 31 August 2022 165,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 3,692 -
Prepayments 213 -
3,905 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 2 115,346
Other creditors 53,692 -
Directors' current accounts 180,038 59,917
Accrued expenses 1,800 -
235,532 175,263

Barracuda South Ltd (Registered number: 11530094)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans more 5 yrs non-inst 121,827 -

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 121,827 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
238,268 Ordinary A £1 238,218 1
238,268 Ordinary B £1 238,218 -
476,436 1

10. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 September 2022 (8,308 ) 476,436 468,128
Deficit for the year (5,967 ) (5,967 )
At 31 August 2023 (14,275 ) 476,436 462,161