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REGISTERED NUMBER: 02004190 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BARWIN PROPERTY SERVICES LIMITED

BARWIN PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 02004190)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BARWIN PROPERTY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTOR: W M Sampson





SECRETARY: Ms S R Wilson





REGISTERED OFFICE: 114-116 Goodmayes Road
Ilford
Essex
IG3 9UZ





REGISTERED NUMBER: 02004190 (England and Wales)





ACCOUNTANTS: Ashfords Partnership LLP
114 - 116 Goodmayes Road
Ilford
Essex
IG3 9UZ

BARWIN PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 02004190)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,671 3,563

CURRENT ASSETS
Stocks 5 276,478 397,660
Debtors 6 3,000,803 2,861,896
Cash at bank and in hand 546,457 178,436
3,823,738 3,437,992
CREDITORS
Amounts falling due within one year 7 1,187,464 1,106,731
NET CURRENT ASSETS 2,636,274 2,331,261
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,638,945

2,334,824

CAPITAL AND RESERVES
Called up share capital 320 320
Retained earnings 2,638,625 2,334,504
SHAREHOLDERS' FUNDS 2,638,945 2,334,824

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 4 October 2024 and were signed by:





W M Sampson - Director


BARWIN PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 02004190)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024


1. STATUTORY INFORMATION

Barwin Property Services 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.

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 - 25% on cost
Computer equipment - 25% on reducing balance

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

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

BARWIN PROPERTY SERVICES LIMITED (REGISTERED NUMBER: 02004190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2023
and 29 February 2024 30,573 2,449 34,285 67,307
DEPRECIATION
At 1 March 2023 29,543 612 33,589 63,744
Charge for year 258 460 174 892
At 29 February 2024 29,801 1,072 33,763 64,636
NET BOOK VALUE
At 29 February 2024 772 1,377 522 2,671
At 28 February 2023 1,030 1,837 696 3,563

5. STOCKS
29.2.24 28.2.23
£    £   
Stocks and WIP 276,478 397,660

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 453,382 199,481
Amounts owed by participating interests 2,507,249 2,611,425
Other debtors 40,172 50,990
3,000,803 2,861,896

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 471,172 387,384
Amounts owed to participating interests 667,275 657,759
Taxation and social security 13,412 26,002
Other creditors 35,605 35,586
1,187,464 1,106,731

8. HOLDING COMPANY

Barwin Property Services Ltd is a wholly owned subsidiary of Barwin Holdings Ltd.