IRIS Accounts Production v24.1.4.33 09115905 Board of Directors 1.8.22 31.7.23 31.7.23 0 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh091159052022-07-31091159052023-07-31091159052022-08-012023-07-31091159052021-07-31091159052021-08-012022-07-31091159052022-07-3109115905ns15:EnglandWales2022-08-012023-07-3109115905ns14:PoundSterling2022-08-012023-07-3109115905ns10:Director12022-08-012023-07-3109115905ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3109115905ns10:SmallEntities2022-08-012023-07-3109115905ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3109115905ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3109115905ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3109115905ns10:FullAccounts2022-08-012023-07-3109115905ns10:Director22022-08-012023-07-3109115905ns10:RegisteredOffice2022-08-012023-07-3109115905ns5:CurrentFinancialInstruments2023-07-3109115905ns5:CurrentFinancialInstruments2022-07-3109115905ns5:Non-currentFinancialInstruments2023-07-3109115905ns5:Non-currentFinancialInstruments2022-07-3109115905ns5:ShareCapital2023-07-3109115905ns5:ShareCapital2022-07-3109115905ns5:RetainedEarningsAccumulatedLosses2023-07-3109115905ns5:RetainedEarningsAccumulatedLosses2022-07-3109115905ns5:OwnedOrFreeholdAssetsns5:LandBuildings2022-08-012023-07-3109115905ns5:FurnitureFittings2022-08-012023-07-3109115905ns5:MotorVehicles2022-08-012023-07-3109115905ns5:LandBuildings2022-07-3109115905ns5:FurnitureFittings2022-07-3109115905ns5:MotorVehicles2022-07-3109115905ns5:LandBuildings2022-08-012023-07-3109115905ns5:LandBuildings2023-07-3109115905ns5:FurnitureFittings2023-07-3109115905ns5:MotorVehicles2023-07-3109115905ns5:LandBuildings2022-07-3109115905ns5:FurnitureFittings2022-07-3109115905ns5:MotorVehicles2022-07-3109115905ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3109115905ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-3109115905ns5:Secured2023-07-3109115905ns5:Secured2022-07-31
REGISTERED NUMBER: 09115905 (England and Wales)















JOHN BARKERS PROPERTY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JULY 2023






JOHN BARKERS PROPERTY LIMITED (REGISTERED NUMBER: 09115905)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


JOHN BARKERS PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JULY 2023







DIRECTORS: J C Stones
H S Field



REGISTERED OFFICE: Telegraph House
80 Cleethorpe Road
Grimsby
N E Lincolnshire
DN31 3EF



REGISTERED NUMBER: 09115905 (England and Wales)



BANKERS: Barclays Bank Plc
35 Victoria Street
Grimsby
NE Lincolnshire
DN31 1DE

JOHN BARKERS PROPERTY LIMITED (REGISTERED NUMBER: 09115905)

BALANCE SHEET
31ST JULY 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 534,788 532,636
Investment property 5 1,180,303 1,180,303
1,715,091 1,712,939

CURRENT ASSETS
Debtors 6 524,245 63,726
Cash at bank - 8,286
524,245 72,012
CREDITORS
Amounts falling due within one year 7 713,918 515,259
NET CURRENT LIABILITIES (189,673 ) (443,247 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,525,418

1,269,692

CREDITORS
Amounts falling due after more than one
year

8

(1,469,631

)

(1,240,640

)

PROVISIONS FOR LIABILITIES (910 ) (501 )
NET ASSETS 54,877 28,551

CAPITAL AND RESERVES
Called up share capital 6 6
Retained earnings 54,871 28,545
SHAREHOLDERS' FUNDS 54,877 28,551

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st July 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 11th July 2024 and were signed on its behalf by:



J C Stones - Director


JOHN BARKERS PROPERTY LIMITED (REGISTERED NUMBER: 09115905)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JULY 2023

1. STATUTORY INFORMATION

John Barkers Property 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.
Freehold property - not provided
Fixtures and fittings - 25% on cost
Motor vehicles - 25% 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).

JOHN BARKERS PROPERTY LIMITED (REGISTERED NUMBER: 09115905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st August 2022 530,000 84,098 1,250 615,348
Additions - 4,028 - 4,028
At 31st July 2023 530,000 88,126 1,250 619,376
DEPRECIATION
At 1st August 2022 - 81,643 1,069 82,712
Charge for year - 1,831 45 1,876
At 31st July 2023 - 83,474 1,114 84,588
NET BOOK VALUE
At 31st July 2023 530,000 4,652 136 534,788
At 31st July 2022 530,000 2,455 181 532,636

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st August 2022
and 31st July 2023 1,180,303
NET BOOK VALUE
At 31st July 2023 1,180,303
At 31st July 2022 1,180,303

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 31,597 15,706
Amounts owed by associates 455,846 26,715
Other debtors 36,802 21,305
524,245 63,726

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 142,144 106,824
Trade creditors 60,486 84,390
Amounts owed to associates 408,568 197,668
Taxation and social security 5,578 2,322
Other creditors 97,142 124,055
713,918 515,259

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 1,469,631 1,240,640

JOHN BARKERS PROPERTY LIMITED (REGISTERED NUMBER: 09115905)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JULY 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.23 31.7.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans 922,767 818,731

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.23 31.7.22
£    £   
Bank loans 1,606,347 1,347,464

Barclays Bank Plc holds fixed and floating charges over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, fixtures, and fixed plant and machinery dated 5th August 2014, 26 August 2014 and 25th September 2019.

Festino (Finance) Limited holds a negative pledge charge over the undertaking and all property and assets present and future including goodwill, book debts, uncalled capital, fixtures, and fixed plant and machinery dated 10th August 2016, 17th February 2017 and 21st January 2019.

10. RELATED PARTY DISCLOSURES

During the year, the company charged rent to John Barkers Solicitors Limited amounting to £120,000 (2022 £120,000)

The amount due to John Barkers Solicitors at the year-end amounts to £408,568 (2022 £197,668)

The amount due from Dynamics Limited at the year-end amounts to £55,846 (2022 Amount due from Dynamics Limited £26,715)

The amount due from Humber Legal Holdings Ltd is £400,000 (2022 £Nil).

All transactions took place under normal commercial terms.

11. ULTIMATE CONTROLLING PARTY

The company is controlled by its directors who own 100% of the ordinary shares and voting rights, however no one individual has overall control.