Caseware UK (AP4) 2023.0.135 2023.0.135 22023-04-01falseNo description of principal activity2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10665188 2023-04-01 2024-03-31 10665188 2022-04-01 2023-03-31 10665188 2024-03-31 10665188 2023-03-31 10665188 c:Director1 2023-04-01 2024-03-31 10665188 d:PlantMachinery 2023-04-01 2024-03-31 10665188 d:PlantMachinery 2024-03-31 10665188 d:PlantMachinery 2023-03-31 10665188 d:CurrentFinancialInstruments 2024-03-31 10665188 d:CurrentFinancialInstruments 2023-03-31 10665188 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 10665188 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 10665188 d:ShareCapital 2024-03-31 10665188 d:ShareCapital 2023-03-31 10665188 d:RetainedEarningsAccumulatedLosses 2024-03-31 10665188 d:RetainedEarningsAccumulatedLosses 2023-03-31 10665188 c:OrdinaryShareClass1 2023-04-01 2024-03-31 10665188 c:OrdinaryShareClass1 2024-03-31 10665188 c:OrdinaryShareClass1 2023-03-31 10665188 c:OrdinaryShareClass2 2023-04-01 2024-03-31 10665188 c:OrdinaryShareClass2 2024-03-31 10665188 c:OrdinaryShareClass2 2023-03-31 10665188 c:OrdinaryShareClass3 2023-04-01 2024-03-31 10665188 c:OrdinaryShareClass3 2024-03-31 10665188 c:OrdinaryShareClass3 2023-03-31 10665188 c:OrdinaryShareClass4 2023-04-01 2024-03-31 10665188 c:OrdinaryShareClass4 2024-03-31 10665188 c:OrdinaryShareClass4 2023-03-31 10665188 c:FRS102 2023-04-01 2024-03-31 10665188 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 10665188 c:FullAccounts 2023-04-01 2024-03-31 10665188 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 10665188 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10665188










Barton Homes South East Limited








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2024





 
Barton Homes South East Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Barton Homes South East Limited for the year ended 31 March 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Barton Homes South East Limited for the year ended 31 March 2024 which comprise  the 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 at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Barton Homes South East Limited, as a body, in accordance with the terms of our engagement letter dated 28 September 2022Our work has been undertaken solely to prepare for your approval the financial statements of Barton Homes South East Limited and state those matters that we have agreed to state to the Board of directors of Barton Homes South East Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barton Homes South East Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Barton Homes South East 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 loss of Barton Homes South East Limited. You consider that Barton Homes South East Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Barton Homes South East 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.

  



Kreston Reeves LLP
 
Chartered Accountants
  
37 St Margaret's Street
Canterbury
Kent
CT1 2TU
13 August 2024
Page 1

 
Barton Homes South East Limited
Registered number: 10665188

Balance sheet
As at 31 March 2024

2024
2023
Note
£
£

  

Current assets
  

Stocks
 5 
262,024
262,024

Debtors: amounts falling due within one year
 6 
197
119

Cash at bank and in hand
  
54,129
55,486

  
316,350
317,629

Creditors: amounts falling due within one year
 7 
(328,127)
(328,209)

Net current liabilities
  
 
 
(11,777)
 
 
(10,580)

Total assets less current liabilities
  
(11,777)
(10,580)

  

Net liabilities
  
(11,777)
(10,580)


Capital and reserves
  

Called up share capital 
 8 
400
400

Profit and loss account
  
(12,177)
(10,980)

  
(11,777)
(10,580)


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 13 August 2024.



Derek Barton
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
Barton Homes South East Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

1.


General information

Barton Homes South East Limited is a private company limited by shares which was incorporated in
England and Wales with company number 10665188.
The company’s registered office and principal place of business is Barton's Court, Barton House, The Street, Bredhurst, Kent, ME7 3LQ. 
The financial statements are presented in Pounds Sterling, and rounded to the nearest Pound.
The principal activities of the company are that of property development. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.3

Stocks and work in progress

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a weighted average basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 3

 
Barton Homes South East Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Page 4

 
Barton Homes South East Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

2.Accounting policies (continued)


2.7
Financial instruments (continued)

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial instruments

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees




The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
Barton Homes South East Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

4.


Tangible fixed assets





Plant and machinery

£



Cost or valuation


At 1 April 2023
1,821



At 31 March 2024

1,821



Depreciation


At 1 April 2023
1,821



At 31 March 2024

1,821



Net book value



At 31 March 2024
-



At 31 March 2023
-


5.


Stocks

2024
2023
£
£

Work in progress
262,024
262,024

262,024
262,024



6.


Debtors

2024
2023
£
£


Other debtors
197
119

197
119


Page 6

 
Barton Homes South East Limited
 

 
Notes to the financial statements
For the year ended 31 March 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
468
-

Amounts owed to associates
322,664
322,664

Other creditors
4,600
4,600

Accruals and deferred income
395
945

328,127
328,209



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary A shares of £1 each
100
100
100 (2023 - 100) Ordinary B shares of £1 each
100
100
100 (2023 - 100) Ordinary C shares of £1 each
100
100
100 (2023 - 100) Ordinary D shares of £1 each
100
100

400

400



9.


Related party transactions

All payments made to the directors were made under normal market conditions.


10.


Controlling party

There is no overall controlling party by virtue of an equal shareholding between the directors.


Page 7