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BARRON & HIGGINS PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023






BARRON & HIGGINS PROPERTIES LTD (REGISTERED NUMBER: 08276435)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARRON & HIGGINS PROPERTIES LTD

COMPANY INFORMATION
for the Year Ended 30th November 2023







DIRECTORS: D J Barron
Mrs L J Barron
Mrs J S Higgins
P R Higgins





SECRETARY: D J Barron





REGISTERED OFFICE: Liverpool Road Studios
Suites 3 and 4
113 Liverpool Road
Crosby
Merseyside
L23 5TD





REGISTERED NUMBER: 08276435 (England and Wales)





ACCOUNTANTS: Garner & Associates Ltd
Liverpool Road Studios
Suites 3 & 4
113 Liverpool Road
Crosby
Merseyside
L23 5TD

BARRON & HIGGINS PROPERTIES LTD (REGISTERED NUMBER: 08276435)

BALANCE SHEET
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,367,320 1,367,320

CURRENT ASSETS
Cash at bank 6,619 4,205

CREDITORS
Amounts falling due within one year 5 43,215 42,320
NET CURRENT LIABILITIES (36,596 ) (38,115 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,330,724

1,329,205

CREDITORS
Amounts falling due after more than one
year

6

602,403

641,042
NET ASSETS 728,321 688,163

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 728,221 688,063
SHAREHOLDERS' FUNDS 728,321 688,163

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 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.

BARRON & HIGGINS PROPERTIES LTD (REGISTERED NUMBER: 08276435)

BALANCE SHEET - continued
30th November 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 19th August 2024 and were signed on its behalf by:





D J Barron - Director


BARRON & HIGGINS PROPERTIES LTD (REGISTERED NUMBER: 08276435)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Barron & Higgins Properties 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.

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.

Turnover
Turnover represents gross rents receivable.

Investment property
Investment property is shown at fair value. 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).

BARRON & HIGGINS PROPERTIES LTD (REGISTERED NUMBER: 08276435)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th November 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st December 2022
and 30th November 2023 1,367,320
NET BOOK VALUE
At 30th November 2023 1,367,320
At 30th November 2022 1,367,320

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 30,282 27,925
Taxation and social security 8,973 10,435
Other creditors 3,960 3,960
43,215 42,320

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 213,057 245,696
Other creditors 389,346 395,346
602,403 641,042

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 91,930 105,965

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 243,339 273,621

Bank loans are secured on the company's investment property.