IRIS Accounts Production v24.1.9.2 10304111 director 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure103041112022-12-31103041112023-12-31103041112023-01-012023-12-31103041112021-12-31103041112022-01-012022-12-31103041112022-12-3110304111ns16:EnglandWales2023-01-012023-12-3110304111ns15:PoundSterling2023-01-012023-12-3110304111ns11:Director12023-01-012023-12-3110304111ns11:PrivateLimitedCompanyLtd2023-01-012023-12-3110304111ns11:SmallEntities2023-01-012023-12-3110304111ns11:AuditExemptWithAccountantsReport2023-01-012023-12-3110304111ns11:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110304111ns11:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110304111ns11:FullAccounts2023-01-012023-12-3110304111ns11:CompanySecretary12023-01-012023-12-3110304111ns11:RegisteredOffice2023-01-012023-12-3110304111ns6:CurrentFinancialInstruments2023-12-3110304111ns6:CurrentFinancialInstruments2022-12-3110304111ns6:Non-currentFinancialInstruments2023-12-3110304111ns6:Non-currentFinancialInstruments2022-12-3110304111ns6:ShareCapital2023-12-3110304111ns6:ShareCapital2022-12-3110304111ns6:RevaluationReserve2023-12-3110304111ns6:RevaluationReserve2022-12-3110304111ns6:RetainedEarningsAccumulatedLosses2023-12-3110304111ns6:RetainedEarningsAccumulatedLosses2022-12-3110304111ns6:LandBuildings2022-12-3110304111ns6:PlantMachinery2022-12-3110304111ns6:LandBuildings2023-01-012023-12-3110304111ns6:PlantMachinery2023-01-012023-12-3110304111ns6:LandBuildings2023-12-3110304111ns6:PlantMachinery2023-12-3110304111ns6:LandBuildings2022-12-3110304111ns6:PlantMachinery2022-12-3110304111ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2023-12-3110304111ns6:BetweenOneTwoYearsns6:Non-currentFinancialInstruments2022-12-3110304111ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2023-12-3110304111ns6:BetweenTwoFiveYearsns6:Non-currentFinancialInstruments2022-12-3110304111ns6:RevaluationReserve2022-12-31
REGISTERED NUMBER: 10304111 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

THE PROPERTY INDEX BARRY LIMITED

THE PROPERTY INDEX BARRY LIMITED (REGISTERED NUMBER: 10304111)






Contents of the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

THE PROPERTY INDEX BARRY LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: C Spiteri





SECRETARY:





REGISTERED OFFICE: 113-116 Bute street
cardiff
CF20 5EQ





REGISTERED NUMBER: 10304111 (England and Wales)





ACCOUNTANTS: Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT

THE PROPERTY INDEX BARRY LIMITED (REGISTERED NUMBER: 10304111)

Balance Sheet
31 DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,723,343 2,709,024

CURRENT ASSETS
Debtors 5 469,500 145,314
Cash at bank 2,685 148,516
472,185 293,830
CREDITORS
Amounts falling due within one year 6 (224,094 ) (130,284 )
NET CURRENT ASSETS 248,091 163,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,971,434

2,872,570

CREDITORS
Amounts falling due after more than
one year

7

(3,094,266

)

(1,917,503

)
NET ASSETS 1,877,168 955,067

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 417,463 642,463
Retained earnings 1,459,605 312,504
SHAREHOLDERS' FUNDS 1,877,168 955,067

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 PROPERTY INDEX BARRY LIMITED (REGISTERED NUMBER: 10304111)

Balance Sheet - continued
31 DECEMBER 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 director and authorised for issue on 27 July 2024 and were signed by:





C Spiteri - Director


THE PROPERTY INDEX BARRY LIMITED (REGISTERED NUMBER: 10304111)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

The Property Index Barry 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 as modified by the revaluation of certain assets.

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.

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 4 (2022 - 4 ) .

THE PROPERTY INDEX BARRY LIMITED (REGISTERED NUMBER: 10304111)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 January 2023 2,589,539 279,237 2,868,776
Additions 933,890 189,429 1,123,319
Revaluations 961,000 - 961,000
At 31 December 2023 4,484,429 468,666 4,953,095
DEPRECIATION
At 1 January 2023 50,000 109,752 159,752
Charge for year 10,000 60,000 70,000
At 31 December 2023 60,000 169,752 229,752
NET BOOK VALUE
At 31 December 2023 4,424,429 298,914 4,723,343
At 31 December 2022 2,539,539 169,485 2,709,024

Cost or valuation at 31 December 2023 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2023 961,000 - 961,000
Cost 3,523,429 468,666 3,992,095
4,484,429 468,666 4,953,095

If The freehold property had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 757,537 757,537

The freehold property were valued on an open market basis on 31 December 2017 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Due from associated co. 469,500 145,314

THE PROPERTY INDEX BARRY LIMITED (REGISTERED NUMBER: 10304111)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 32,400 15,500
Trade creditors 12,880 -
Tax 80,274 61,647
Social security and other taxes 48,980 33,436
VAT 44,779 8,763
Directors' current accounts - 7,438
Accrued expenses 4,781 3,500
224,094 130,284

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 378,264 79,000
Bank loans - 2-5 years 2,625,938 1,792,895
Hire purchase contracts 90,064 45,608
3,094,266 1,917,503

8. RESERVES
Revaluation
reserve
£   
At 1 January 2023 642,463
Purchase of own shares (225,000 )

At 31 December 2023 417,463

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
The Property Index Barry Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Property Index Barry Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of The Property Index Barry Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Property Index Barry Limited and state those matters that we have agreed to state to the director of The Property Index Barry Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than The Property Index Barry Limited and its director for our work or for this report.

It is your duty to ensure that The Property Index Barry 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 The Property Index Barry Limited. You consider that The Property Index Barry Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of The Property Index Barry 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.






Hayvenhursts
Fairway House
Links Business Park
St Mellons
Cardiff
CF3 0LT


27 July 2024