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REGISTERED NUMBER: SC134239 (Scotland)
















Unaudited Financial Statements

for the Year Ended 30 September 2023

for

Barclay Property Investments 2004 Ltd

Barclay Property Investments 2004 Ltd (Registered number: SC134239)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barclay Property Investments 2004 Ltd

Company Information
for the Year Ended 30 September 2023







DIRECTORS: I M Barclay
Miss C W Barclay
Ms P Barclay





SECRETARY: Miss C W Barclay





REGISTERED OFFICE: Flat 1/2
1 Sutherland Close
Sutherland Avenue
Glasgow
G41 4HH





REGISTERED NUMBER: SC134239 (Scotland)





ACCOUNTANTS: Gillespie & Anderson
Chartered Accountants
147 Bath Street
Glasgow
G2 4SN

Barclay Property Investments 2004 Ltd (Registered number: SC134239)

Balance Sheet
30 September 2023

2023 2022
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 1,320,288 1,299,024
Investment property 6 400,000 400,000
1,720,288 1,699,024

CURRENT ASSETS
Debtors 7 29,589 24,842
Cash at bank 4,925 7,673
34,514 32,515
CREDITORS
Amounts falling due within one year 8 4,801 4,754
NET CURRENT ASSETS 29,713 27,761
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,750,001

1,726,785

PROVISIONS FOR LIABILITIES 95,778 92,489
NET ASSETS 1,654,223 1,634,296

CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Non-distributable fair value
reserve 102,647 102,647
Retained earnings 1,541,576 1,521,649
1,654,223 1,634,296

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Barclay Property Investments 2004 Ltd (Registered number: SC134239)

Balance Sheet - continued
30 September 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 September 2024 and were signed on its behalf by:





I M Barclay - Director


Barclay Property Investments 2004 Ltd (Registered number: SC134239)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Barclay Property Investments 2004 Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Going concern
The company has cash resources and has no requirement for external funding. The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accountancy appropriate in preparing the annual financial statements.

Other operating income
Other operating income represents rental income. Income is recognised when the company becomes entitled to the income, it can be measured reliably and it is probable that the economic benefits associated with the transaction will flow to the entity.

Significant judgements and estimates
The Directors have made judgements, estimates and assumptions that affect the amounts reported within the financial statements during the year. Actual results may differ from these estimates. Estimates and underlying assumptions are reviewed on an ongoing basis. The Directors' estimates, assumptions and judgements that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the financial statements are addressed and detail is provided in the associated notes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Barclay Property Investments 2004 Ltd (Registered number: SC134239)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has no complex financial instruments but does hold basic financial instruments of; cash at bank, debtors, creditor and non-puttable ordinary shares.

Cash and cash equivalents comprise cash at bank and on hand, foreign currency on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. A bank overdraft would be shown within current liabilities.

Trade and other debtors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest method, less losses for bad debts except where the effect of discounting would be immaterial. In such cases, trade and other debtors are stated at cost less losses for bad debts.

Trade and other creditors are initially recognised at fair value and subsequently measured at amortised cost using the effective interest rate unless the effect of discounting would be immaterial. In such cases, trade and other creditors are stated at cost.

Ordinary shares are initially recognised at transaction cost and subsequently valued at fair value at the year end with any changes in fair value being recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Provision for liabilities
A provision is initially recognised when there is an obligation at the balance sheet date as the result of a past event, it is probable that there will be the transfer of funds in settlement and the amount of the obligation can be estimated reliably. The provision is subsequently measured by placing a charge against the provision only for expenditure for which the provision was originally recognised.

Employment benefits
The total cost of employee benefits to which employees have become entitled as a result of service rendered to the entity during the reporting period are recognised and 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 3 (2022 - 3 ) .

Barclay Property Investments 2004 Ltd (Registered number: SC134239)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 12,575
Disposals (12,575 )
At 30 September 2023 -
DEPRECIATION
At 1 October 2022 12,575
Eliminated on disposal (12,575 )
At 30 September 2023 -
NET BOOK VALUE
At 30 September 2023 -

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 October 2022 1,299,024
Additions 42,245
Disposals (59,037 )
Revaluations 38,056
At 30 September 2023 1,320,288
NET BOOK VALUE
At 30 September 2023 1,320,288
At 30 September 2022 1,299,024

Cost or valuation at 30 September 2023 is represented by:

Other
investments
£   
Valuation in 2022 486,789
Valuation in 2023 21,264
Cost 812,235
1,320,288

Barclay Property Investments 2004 Ltd (Registered number: SC134239)

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

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2022
and 30 September 2023 400,000
NET BOOK VALUE
At 30 September 2023 400,000
At 30 September 2022 400,000

Fair value at 30 September 2023 is represented by:
£   
Valuation in 2022 102,647
Cost 297,353
400,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
as restated
£    £   
Cost 297,353 297,353

The investment property was valued on open market basis on 19 August 2024 by Rettie .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Trade debtors 29,208 24,072
Other debtors 381 770
29,589 24,842

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
as restated
£    £   
Taxation and social security 181 1,492
Other creditors 4,620 3,262
4,801 4,754

Barclay Property Investments 2004 Ltd (Registered number: SC134239)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

2023 2022
as restated
£    £   
I M Barclay
Balance outstanding at start of year 770 -
Amounts advanced 1,235 770
Amounts repaid (1,624 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 381 770

10. RELATED PARTY DISCLOSURES

During the year, total dividends of £32,000 were paid to the directors .

11. FIRST YEAR ADOPTION

The company has adopted FRS 102 for the year ended 30 September 2023 and has restated the comparative amounts. The transition to the new standard has resulted in the changes showing in fixed asset investments at fair value which are now stated under FRS 102. Transition date was 1 October 2021.