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REGISTERED NUMBER: SC050536 (Scotland)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

BARTON & DAVIES (JEAN SALOON) LIMITED

BARTON & DAVIES (JEAN SALOON) LIMITED (REGISTERED NUMBER: SC050536)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARTON & DAVIES (JEAN SALOON) LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: I A L Reid
M Barton
L Reid
J Reid





REGISTERED OFFICE: 97 Lothian Road
Edinburgh
EH3 9AN





REGISTERED NUMBER: SC050536 (Scotland)





ACCOUNTANTS: Haines Watts
Business Advisors and Accountants
Q Court
3 Quality Street
Edinburgh
EH4 5BP

BARTON & DAVIES (JEAN SALOON) LIMITED (REGISTERED NUMBER: SC050536)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 37,484 34,529
Investment property 5 1,085,000 1,085,000
1,122,484 1,119,529

CURRENT ASSETS
Debtors 6 440,243 342,124
Cash at bank 171,312 219,900
611,555 562,024
CREDITORS
Amounts falling due within one year 7 67,319 61,933
NET CURRENT ASSETS 544,236 500,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,666,720

1,619,620

PROVISIONS FOR LIABILITIES 8 64,437 79,808
NET ASSETS 1,602,283 1,539,812

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Non-distributable reserve 528,290 500,224
Retained earnings 1,068,993 1,034,588
SHAREHOLDERS' FUNDS 1,602,283 1,539,812

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

BARTON & DAVIES (JEAN SALOON) LIMITED (REGISTERED NUMBER: SC050536)

BALANCE SHEET - continued
31 March 2024


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 30 July 2024 and were signed on its behalf by:





I A L Reid - Director


BARTON & DAVIES (JEAN SALOON) LIMITED (REGISTERED NUMBER: SC050536)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Barton & Davies (Jean Saloon) Limited is a private company, limited by shares , registered in Scotland. 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 as modified by the revaluation of certain assets.

TURNOVER
Turnover represents rental income receivable in the year.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is initially recognised in the Income Statement and then transferred to a non-distributable reserve.

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.

Deferred tax relating to assets carried at fair value is initially recognised in the Income Statement with a subsequent transfer to a non-distributable reserve matching the future tax charge with the unrealised valuation gain to which it relates.

LISTED INVESTMENTS
Listed investments are held at market value with any movement in their market value each year being taken to the Income Statement.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

BARTON & DAVIES (JEAN SALOON) LIMITED (REGISTERED NUMBER: SC050536)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

4. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST OR VALUATION
At 1 April 2023 34,529
Reversal of impairments 2,955
At 31 March 2024 37,484
NET BOOK VALUE
At 31 March 2024 37,484
At 31 March 2023 34,529

Cost or valuation at 31 March 2024 is represented by:

Listed
investments
£   
Valuation in 2024 (236,091 )
Cost 273,575
37,484

Professional valuation of the assets was carried out at quoted market price.

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 1,085,000
NET BOOK VALUE
At 31 March 2024 1,085,000
At 31 March 2023 1,085,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 640,554
Cost 444,446
1,085,000

BARTON & DAVIES (JEAN SALOON) LIMITED (REGISTERED NUMBER: SC050536)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. INVESTMENT PROPERTY - continued

If the investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 444,446 444,446

Investment property was valued on an open market basis on 31 March 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by related undertakings 439,994 341,914
Other debtors 249 210
440,243 342,124

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 17,384 15,517
Other creditors 49,935 46,416
67,319 61,933

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 64,437 79,808

Deferred
tax
£   
Balance at 1 April 2023 79,808
Credit to Income Statement during year (15,371 )
Balance at 31 March 2024 64,437

9. RELATED PARTY DISCLOSURES

Included within "Other creditors" are amounts totalling £16,918 (2023 - £16,977) due to the directors of the company. The loans are interest free and repayable on demand.

Included within "Amounts owed by related undertakings" is an amount of £439,994 (2023 - £341,914) due from a shareholder of the company. The loan is interest free and has no fixed terms of repayment.