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REGISTERED NUMBER: 08334703 (England and Wales)










Kingscote Barn Limited

Financial Statements

for the Year Ended 30th November 2023






Kingscote Barn Limited (Registered number: 08334703)






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


Kingscote Barn Limited

Company Information
for the Year Ended 30th November 2023







DIRECTORS: R T Gale
Mrs L J Gale
Mrs V Bacon
Mr J Gale





SECRETARY: Mrs L J Gale





REGISTERED OFFICE: The Kingscote Barn
Binley Farm
Kingscote
Tetbury
Gloucestershire
GL8 8YE





REGISTERED NUMBER: 08334703 (England and Wales)





ACCOUNTANTS: Woodward Hale
Chartered Accountants
38 Dollar Street
Cirencester
Gloucestershire
GL7 2AN

Kingscote Barn Limited (Registered number: 08334703)

Balance Sheet
30th November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 866,080 817,305

CURRENT ASSETS
Stocks 5 7,463 9,026
Debtors 6 9,140 36,132
Cash at bank 3,204,961 2,821,785
3,221,564 2,866,943
CREDITORS
Amounts falling due within one year 7 1,301,241 902,991
NET CURRENT ASSETS 1,920,323 1,963,952
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,786,403

2,781,257

CREDITORS
Amounts falling due after more than one
year

8

(199,782

)

(644,021

)

PROVISIONS FOR LIABILITIES (47,097 ) (22,489 )
NET ASSETS 2,539,524 2,114,747

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,539,424 2,114,647
SHAREHOLDERS' FUNDS 2,539,524 2,114,747

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.

Kingscote Barn Limited (Registered number: 08334703)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th August 2024 and were signed on its behalf by:




R T Gale - Director



Mrs L J Gale - Director


Kingscote Barn Limited (Registered number: 08334703)

Notes to the Financial Statements
for the Year Ended 30th November 2023

1. STATUTORY INFORMATION

Kingscote Barn 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 represents the value of sales invoiced for events taking place during the period, excluding VAT.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - over 15 years on cost
Fixtures, fittings and equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer and office equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Pension costs and other post-retirement benefits
The company operates a money purchase pension scheme. Contributions payable to the company's pension scheme are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2022 - 25 ) .

Kingscote Barn Limited (Registered number: 08334703)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

4. TANGIBLE FIXED ASSETS
Fixtures,
Improvements fittings
Freehold to and
property property equipment
£    £    £   
COST
At 1st December 2022 306,573 629,275 204,033
Additions - 56,758 36,812
At 30th November 2023 306,573 686,033 240,845
DEPRECIATION
At 1st December 2022 - 202,875 120,515
Charge for year - 45,690 18,049
At 30th November 2023 - 248,565 138,564
NET BOOK VALUE
At 30th November 2023 306,573 437,468 102,281
At 30th November 2022 306,573 426,400 83,518

Computer
and
Motor office
vehicles equipment Totals
£    £    £   
COST
At 1st December 2022 - 17,641 1,157,522
Additions 25,200 676 119,446
At 30th November 2023 25,200 18,317 1,276,968
DEPRECIATION
At 1st December 2022 - 16,827 340,217
Charge for year 6,300 632 70,671
At 30th November 2023 6,300 17,459 410,888
NET BOOK VALUE
At 30th November 2023 18,900 858 866,080
At 30th November 2022 - 814 817,305

5. STOCKS
2023 2022
£    £   
Stocks 7,463 9,026

Kingscote Barn Limited (Registered number: 08334703)

Notes to the Financial Statements - continued
for the Year Ended 30th November 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,080 15,058
Other debtors 8,060 21,074
9,140 36,132

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 52,989 41,518
Taxation and social security 205,653 220,284
Other creditors 1,042,599 641,189
1,301,241 902,991

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 199,782 644,021

9. ULTIMATE CONTROLLING PARTY

The controlling party is R T Gale, by virtue of his shareholding.