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REGISTERED NUMBER: 11607214 (England and Wales)
























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

ADDERS (BARROW) LIMITED

ADDERS (BARROW) LIMITED (REGISTERED NUMBER: 11607214)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ADDERS (BARROW) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTORS: Mr C A Addenbrook
Mrs S J Addenbrook



REGISTERED OFFICE: Smithy House
Leece Lane
Barrow in Furness
Cumbria
LA13 0JG



REGISTERED NUMBER: 11607214 (England and Wales)



BANKERS: Cumberland Building Society
186-188 Dalton Road
Barrow-in-Furness
Cumbria
LA14 1PR

ADDERS (BARROW) LIMITED (REGISTERED NUMBER: 11607214)

ABRIDGED BALANCE SHEET
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1 1
Tangible assets 5 181,124 180,529
Investment property 6 347,380 347,380
528,505 527,910

CURRENT ASSETS
Stocks 3,300 3,000
Debtors 6,312 1,402
Cash at bank and in hand 37,713 68,368
47,325 72,770
CREDITORS
Amounts falling due within one year 133,642 101,537
NET CURRENT LIABILITIES (86,317 ) (28,767 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

442,188

499,143

CREDITORS
Amounts falling due after more than one
year

7

340,826

409,379
NET ASSETS 101,362 89,764

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 101,262 89,664
SHAREHOLDERS' FUNDS 101,362 89,764

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

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

ADDERS (BARROW) LIMITED (REGISTERED NUMBER: 11607214)

ABRIDGED BALANCE SHEET - continued
31 OCTOBER 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 September 2024 and were signed on its behalf by:




Mr C A Addenbrook - Director



Mrs S J Addenbrook - Director


ADDERS (BARROW) LIMITED (REGISTERED NUMBER: 11607214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023

1. STATUTORY INFORMATION

Adders (Barrow) 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.

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.

The financial statements have been prepared on the going concern basis the directors having agreed to continue to support the company.

Turnover
Turnover represents net invoiced sales of goods, excluding VAT.

Goodwill
Goodwill being the amount purchased in 2019 for £1 has been included as it's cost value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 20% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Investment property
All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2022 - 17 ) .

ADDERS (BARROW) LIMITED (REGISTERED NUMBER: 11607214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 1
NET BOOK VALUE

At 31 October 2023 1
At 31 October 2022 1

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022 222,663
Additions 22,000
At 31 October 2023 244,663
DEPRECIATION
At 1 November 2022 42,134
Charge for year 21,405
At 31 October 2023 63,539
NET BOOK VALUE
At 31 October 2023 181,124
At 31 October 2022 180,529

The net book value of tangible fixed assets includes £4,348 (2022: £8,697) in respect of assets held under hire purchase agreements. The amount of depreciation in respect of such assets amounted to £4,349 (2022 : £4,349) for the financial year.

6. INVESTMENT PROPERTY
Total
£   
COST
At 1 November 2022
and 31 October 2023 347,380
NET BOOK VALUE
At 31 October 2023 347,380
At 31 October 2022 347,380

All of the company's investment properties are held for long-term investment and are included in the Balance Sheet at cost which is a departure from Financial Reporting Standard 102.

Depreciation is not provided in respect of investment properties which is a departure from Financial Reporting Standard 102 the Companies Act 2006. Depreciation if provided would not have been of a material nature.

ADDERS (BARROW) LIMITED (REGISTERED NUMBER: 11607214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.10.23 31.10.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 22,390 112,393

8. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

31.10.23 31.10.22
£    £   
Net obligations repayable:
Within one year 3,831 3,831
Between one and five years 4,077 7,909
7,908 11,740

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Hire purchase contracts 7,908 11,740
Together Commercial Finance 131,661 184,173
139,569 195,913

Together Commercial Finance Limited hold both a fixed and floating charge over Smithy House, Roose Road, Barrow in Furness. The floating charge covers all the property or undertaking of the company and includes a negative pledge.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
100 Ordinary £1 100 100

11. RELATED PARTY DISCLOSURES

At the 31st October 2023, Mrs Sarah Addenbrook had an unsecured interest free basis advance of £203,654 (2022: £227,296) to the company. Including £200,000 (2022: £200,000) on a long term basis.

Rent income of £12,000 (2022: £12,000) was received by the company from Mrs S Addenbrook, who is both a director and shareholder. The rent charged monthly is an arms length transaction and it is similar to the market price of rental properties in the area.

12. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs S J and Mr C A Addenbrook.