17 February 2023 v2024.37.1 limited_company_frs_102_section_1a_v1_1_1 companies_houseSoftwarefalsetruetruetrueNo description of principal activity0falsetruexbrli:purexbrli:sharesiso4217:GBP146697902023-02-172023-12-31146697902023-12-3114669790core:WithinOneYear2023-12-3114669790core:ShareCapital2023-12-3114669790core:RevaluationReserve2023-12-3114669790core:RetainedEarningsAccumulatedLosses2023-12-3114669790bus:Director12023-02-172023-12-3114669790bus:RegisteredOffice2023-02-172023-12-3114669790core:LandBuildings2023-02-172023-12-3114669790core:LandBuildings2023-12-3114669790core:AdditionsToInvestments2023-12-3114669790core:CostValuation2023-12-311466979012023-02-172023-12-3114669790countries:EnglandWales2023-02-172023-12-3114669790bus:AuditExemptWithAccountantsReport2023-02-172023-12-3114669790bus:PrivateLimitedCompanyLtd2023-02-172023-12-3114669790bus:SmallEntities2023-02-172023-12-3114669790bus:FullAccounts2023-02-172023-12-3114669790bus:Director22023-02-172023-12-31
Company registration number:
14669790
BARKER & EVANS HOLDINGS LIMITED
Unaudited Filleted Financial Statements for the period ended
31 December 2023
Christie Holyland Limited
Chartered Certified Accountants
7 High View Close, Hamilton Office Park, Leicester, Leicestershire, LE4 9LJ, United Kingdom
BARKER & EVANS HOLDINGS LIMITED
Report to the board of directors on the preparation of the unaudited statutory financial statements of BARKER & EVANS HOLDINGS LIMITED
Period ended
31 December 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
BARKER & EVANS HOLDINGS LIMITED
for the period ended
31 December 2023
which comprise the income statement, 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 https://www.accaglobal.com/​content/​dam/​ACCA_Global/​Members/​Doc/​rule/​2018-rulebook.pdf.
This report is made solely to the Board of Directors of
BARKER & EVANS HOLDINGS LIMITED
, as a body, in accordance with the terms of our engagement letter dated 15 August 2024. Our work has been undertaken solely to prepare for your approval the
financial statements
of
BARKER & EVANS HOLDINGS LIMITED
and state those matters that we have agreed to state to the Board of Directors of
BARKER & EVANS HOLDINGS LIMITED
, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://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
BARKER & EVANS HOLDINGS LIMITED
and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that
BARKER & EVANS HOLDINGS 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 profit of
BARKER & EVANS HOLDINGS LIMITED
. You consider that
BARKER & EVANS HOLDINGS LIMITED
is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of BARKER & EVANS HOLDINGS 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.
Christie Holyland Limited
Chartered Certified Accountants
Date:
15 August 2024
BARKER & EVANS HOLDINGS LIMITED
Statement of Financial Position
31 December 2023
31 Dec 2023
Note£
Fixed assets  
Tangible assets 5
620,000
 
Investments 6
2,000
 
622,000
 
Current assets  
Debtors 7
2,935
 
Investments 8
485,275
 
Cash at bank and in hand
403,688
 
891,898
 
Creditors: amounts falling due within one year 9
(3,778
)
Net current assets
888,120
 
Total assets less current liabilities 1,510,120  
Provisions for liabilities
(68,338
)
Net assets
1,441,782
 
Capital and reserves  
Called up share capital
4,000
 
Revaluation reserve
391,464
 
Profit and loss account
1,046,318
 
Shareholders funds
1,441,782
 
For the period ending
31 December 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 period 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
15 August 2024
, and are signed on behalf of the board by:
Mr Andrew James Barker
Director
Company registration number:
14669790
BARKER & EVANS HOLDINGS LIMITED
Notes to the Financial Statements
Period ended
31 December 2023

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
Wykham Mill
,
Vantage Business Park, Bloxham Road
,
Banbury
,
Oxfordshire
,
OX16 9UX
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Consolidation

The entity has taken advantage of the option not to prepare consolidated
financial statements
contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.
Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity 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.
All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.
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.
All equity instruments regardless of significance, and other financial assets that are individually significant, 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the period was Nil.

5 Tangible assets

Land and buildings
£
Cost  
At
17 February 2023
-  
Additions
620,000
 
At
31 December 2023
620,000
 
Depreciation  
At
17 February 2023
and
31 December 2023
-  
Carrying amount  
At
31 December 2023
620,000
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
31 Dec 2023
£
Additions
620,000
 
Carrying amount at
31 December 2023
620,000
 
The investment properties were transferred to the company from the subsidiary in December 2023 by dividend in specie and applying group relief provisions. The investment properties were valued by Messrs. Wild Property Consultancy, Chartered Surveyors in July 2022. All valuations reflect the open market value at the time of the transfer. The original cost of these properties in the subsidiary amounted to £328,789 and the surplus on revaluation has been credited to revaluation reserve. The investment properties are not subject to depreciation.

6 Investments

Shares in group undertakings and participating interests
£
Cost  
At
17 February 2023
-  
Additions
2,000
 
At
31 December 2023
2,000
 
Impairment  
At
17 February 2023
and
31 December 2023
-  
Carrying amount  
At
31 December 2023
2,000
 
On 8th March 2023 the company acquired the whole of the share capital in Barker & Evans Limited (company number 01037073) by means of a share for share exchange. The principal activity of Barker & Evans Limited is the provision of industrial plumbing, heating and air-conditioning services.

7 Debtors

31 Dec 2023
£
Trade debtors
236
 
Other debtors
2,699
 
2,935
 

8 Investments

31 Dec 2023
£
Other current asset investments
485,275
 

9 Creditors: amounts falling due within one year

31 Dec 2023
£
Trade creditors
1,283
 
Taxation and social security
270
 
Other creditors
2,225
 
3,778
 

10 Directors' advances, credit and guarantees

The directors have been advanced loans totalling £650 during the year.

12 Controlling party

The company is under the control of the directors.