Silverfin false false 29/12/2023 30/12/2022 29/12/2023 M L Barre 31/05/1991 J L Barre 31/05/1991 25 September 2024 The principal activity of the Company during the financial year was the management of its investment properties. 00981002 2023-12-29 00981002 bus:Director1 2023-12-29 00981002 bus:Director2 2023-12-29 00981002 2022-12-29 00981002 core:CurrentFinancialInstruments 2023-12-29 00981002 core:CurrentFinancialInstruments 2022-12-29 00981002 core:Non-currentFinancialInstruments 2023-12-29 00981002 core:Non-currentFinancialInstruments 2022-12-29 00981002 core:ShareCapital 2023-12-29 00981002 core:ShareCapital 2022-12-29 00981002 core:RetainedEarningsAccumulatedLosses 2023-12-29 00981002 core:RetainedEarningsAccumulatedLosses 2022-12-29 00981002 core:LeaseholdImprovements 2022-12-29 00981002 core:Vehicles 2022-12-29 00981002 core:LeaseholdImprovements 2023-12-29 00981002 core:Vehicles 2023-12-29 00981002 2022-12-30 2023-12-29 00981002 bus:FilletedAccounts 2022-12-30 2023-12-29 00981002 bus:SmallEntities 2022-12-30 2023-12-29 00981002 bus:AuditExemptWithAccountantsReport 2022-12-30 2023-12-29 00981002 bus:PrivateLimitedCompanyLtd 2022-12-30 2023-12-29 00981002 bus:Director1 2022-12-30 2023-12-29 00981002 bus:Director2 2022-12-30 2023-12-29 00981002 core:LeaseholdImprovements core:TopRangeValue 2022-12-30 2023-12-29 00981002 core:Vehicles 2022-12-30 2023-12-29 00981002 2021-12-30 2022-12-29 00981002 core:LeaseholdImprovements 2022-12-30 2023-12-29 00981002 core:Non-currentFinancialInstruments 2022-12-30 2023-12-29 iso4217:GBP xbrli:pure

Company No: 00981002 (England and Wales)

MARTIN BARRE LIMITED

Unaudited Financial Statements
For the financial year ended 29 December 2023
Pages for filing with the registrar

MARTIN BARRE LIMITED

Unaudited Financial Statements

For the financial year ended 29 December 2023

Contents

MARTIN BARRE LIMITED

COMPANY INFORMATION

For the financial year ended 29 December 2023
MARTIN BARRE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 29 December 2023
DIRECTORS M L Barre
J L Barre
SECRETARY M L Barre
REGISTERED OFFICE Torr House
Yealmpton
Devon
PL8 2HR
United Kingdom
COMPANY NUMBER 00981002 (England and Wales)
CHARTERED ACCOUNTANTS Albert Goodman LLP
Goodwood House
Blackbrook Park Avenue
Taunton
Somerset
TA1 2PX
MARTIN BARRE LIMITED

BALANCE SHEET

As at 29 December 2023
MARTIN BARRE LIMITED

BALANCE SHEET (continued)

As at 29 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 25,384 0
Investment property 4 1,162,385 1,162,385
1,187,769 1,162,385
Current assets
Debtors 5 16,942 16,942
Cash at bank and in hand 16,085 21,442
33,027 38,384
Creditors: amounts falling due within one year 6 ( 551,657) ( 565,319)
Net current liabilities (518,630) (526,935)
Total assets less current liabilities 669,139 635,450
Creditors: amounts falling due after more than one year 7 ( 10,604) 0
Net assets 658,535 635,450
Capital and reserves
Called-up share capital 100 100
Profit and loss account 658,435 635,350
Total shareholders' funds 658,535 635,450

For the financial year ending 29 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Martin Barre Limited (registered number: 00981002) were approved and authorised for issue by the Board of Directors on 25 September 2024. They were signed on its behalf by:

M L Barre
Director
MARTIN BARRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 December 2023
MARTIN BARRE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Martin Barre Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Torr House,, Yealmpton, Devon, PL8 2HR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover comprises the fair value of the rent received or receivable in the ordinary course of the company’s activities.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements 10 years straight line
Vehicles 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Trade and other debtors

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

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Leasehold improve-
ments
Vehicles Total
£ £ £
Cost
At 30 December 2022 73,588 0 73,588
Additions 0 29,853 29,853
At 29 December 2023 73,588 29,853 103,441
Accumulated depreciation
At 30 December 2022 73,588 0 73,588
Charge for the financial year 0 4,469 4,469
At 29 December 2023 73,588 4,469 78,057
Net book value
At 29 December 2023 0 25,384 25,384
At 29 December 2022 0 0 0

4. Investment property

Investment property
£
Valuation
As at 30 December 2022 1,162,385
As at 29 December 2023 1,162,385

The value of investment property is derived from observable current market prices for comparable real estate determined by the directors.

There has been no valuation of investment property by an independent valuer.

5. Debtors

2023 2022
£ £
Other debtors 16,942 16,942

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 420
Taxation and social security 0 6,694
Obligations under finance leases and hire purchase contracts 3,262 0
Other creditors 548,395 558,205
551,657 565,319

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Obligations under finance leases and hire purchase contracts 10,604 0

There are no amounts included above in respect of which any security has been given by the small entity.