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Logo On Report
Registered Number: 14269626
England and Wales

 

 

 


Unaudited Financial Statements

for the period ended 31 December 2023

for

BARR HOLDINGS LTD

Directors Daniel Barr
Claire Barr
Registered Number 14269626
Registered Office 3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
Accountants Quove Accounting Ltd
3 Brickfields Business Park
Old Stowmarket Road, Woolpit
Bury St Edmunds
IP30 9QS
1
Director's report and financial statements
The directors present their annual report and the financial statements for the year ended 31 December 2023.
Principal activities
The principal activity of the company during the financial period was of a parent company
Directors
The directors who served the company throughout the period were as follows:
Daniel Barr
Claire Barr
Statement of directors' responsibilities
The directors are responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the directors are required to :
- select suitable accounting policies and then apply them consistently
- make judgements and accounting estimates that are reasonable and prudent
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.


The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the companys transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

This report was approved by the board and signed on its behalf by:


----------------------------------
Daniel Barr
Director

Date approved: 17 February 2024
2
 
 
Notes
 
2023
£
Fixed assets    
Investments 3 100,002 
100,002 
Current assets    
Creditors: amount falling due within one year 4 (20,000)
Net current assets (20,000)
 
Total assets less current liabilities 80,002 
Creditors: amount falling due after more than one year 5 (60,000)
Net assets 20,002 
 

Capital and reserves
   
Called up share capital 2 
Profit and loss account 20,000 
Shareholder's funds 20,002 
 


For the period ended 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:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 17 February 2024 and were signed on its behalf by:


-------------------------------
Daniel Barr
Director
3
General Information
Barr Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 14269626, registration address 3 Brickfields Business Park, Old Stowmarket Road, Woolpit, Bury St Edmunds, IP30 9QS.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the period was 2.
3.

Investments

Cost Other investments other than loans   Total
  £   £
At 02 August 2022  
Additions 100,002    100,002 
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2023 100,002    100,002 

4.

Creditors: amount falling due within one year

2023
£
Other Creditors 20,000 
20,000 

5.

Creditors: amount falling due after more than one year

2023
£
Other Creditors 60,000 
60,000 

6.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2023
£
2023
£
Mr and Mrs R Barr100,000 (80,000)

The company acquired the entire shareholding of Anglia Factors (Ipswich) Ltd during the period. 66.8% of this shareholding was acquired from Mr and Mrs R Barr, for a loan note totalling £100,000. At the period end, £80,000 of this loan note remained outstanding. The remaining shares in Anglia Factors (Ipswich) Ltd were acquired from the directors in exchange for one ordinary share issued to each at par as a share for share exchange.
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