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REGISTERED NUMBER: 01339774 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

BARWOOD SECURITIES LIMITED

BARWOOD SECURITIES LIMITED (REGISTERED NUMBER: 01339774)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

BARWOOD SECURITIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 March 2024







DIRECTORS: Mr J R A East
Mrs F R East





SECRETARY: Mr J R A East





REGISTERED OFFICE: 98 Hornchurch Road
Hornchurch
Essex
RM11 1JS





REGISTERED NUMBER: 01339774 (England and Wales)





ACCOUNTANTS: Stephen Farra Associates Limited
98 Hornchurch Road
Hornchurch
Essex
RM11 1JS

BARWOOD SECURITIES LIMITED (REGISTERED NUMBER: 01339774)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,000,839 4,141,117

CURRENT ASSETS
Debtors 5 4,380 156
Cash at bank 263,077 288,154
267,457 288,310
CREDITORS
Amounts falling due within one year 6 167,820 161,682
NET CURRENT ASSETS 99,637 126,628
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,100,476

4,267,745

PROVISIONS FOR LIABILITIES 7 390,007 416,607
NET ASSETS 3,710,469 3,851,138

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Revaluation reserve 8 2,698,274 2,811,674
Retained earnings 8 1,002,195 1,029,464
SHAREHOLDERS' FUNDS 3,710,469 3,851,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

BARWOOD SECURITIES LIMITED (REGISTERED NUMBER: 01339774)

BALANCE SHEET - continued
31 March 2024


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 30 May 2024 and were signed on its behalf by:





Mr J R A East - Director


BARWOOD SECURITIES LIMITED (REGISTERED NUMBER: 01339774)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Barwood Securities 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.
Plant and machinery etc - 25% on reducing balance

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 (2023 - NIL).

BARWOOD SECURITIES LIMITED (REGISTERED NUMBER: 01339774)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 April 2023 4,140,000 20,501 4,160,501
Revaluations (140,000 ) - (140,000 )
At 31 March 2024 4,000,000 20,501 4,020,501
DEPRECIATION
At 1 April 2023 - 19,384 19,384
Charge for year - 278 278
At 31 March 2024 - 19,662 19,662
NET BOOK VALUE
At 31 March 2024 4,000,000 839 4,000,839
At 31 March 2023 4,140,000 1,117 4,141,117

On a historical cost basis, these would have been included at an original cost of £911,719.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,080 156
Other debtors 300 -
4,380 156

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 65,517 67,632
Other creditors 102,303 94,050
167,820 161,682

7. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 390,007 416,607

BARWOOD SECURITIES LIMITED (REGISTERED NUMBER: 01339774)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 March 2024

7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 416,607
Provided during year (26,600 )
Balance at 31 March 2024 390,007

8. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 1,029,464 2,811,674 3,841,138
Profit for the year 172,731 172,731
Dividends (200,000 ) (200,000 )
Property Revaluations - (113,400 ) (113,400 )
At 31 March 2024 1,002,195 2,698,274 3,700,469

9. RELATED PARTY DISCLOSURES

Dividends of £42,500 were paid to a director in respect of his beneficial interest of 42,500 shares. The director has a non-beneficial interest in the remaining 57,500 shares and the dividends of £57,500 on those shares were paid direct to the beneficiaries

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J R A East.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BARWOOD SECURITIES LIMITED

The following reproduces the text of the report prepared for the directors 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 Directors 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 Barwood Securities Limited for the year ended 31 March 2024 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Barwood Securities Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Barwood Securities Limited and state those matters that we have agreed to state to the Board of Directors of Barwood Securities Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Barwood Securities 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 Barwood Securities Limited. You consider that Barwood Securities 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 Barwood Securities 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.






Stephen Farra Associates Limited
98 Hornchurch Road
Hornchurch
Essex
RM11 1JS


30 May 2024