Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-312true2023-02-01falseNo description of principal activity2trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13140382 2023-02-01 2024-01-31 13140382 2022-02-01 2023-01-31 13140382 2024-01-31 13140382 2023-01-31 13140382 c:Director1 2023-02-01 2024-01-31 13140382 d:OfficeEquipment 2023-02-01 2024-01-31 13140382 d:OfficeEquipment 2024-01-31 13140382 d:OfficeEquipment 2023-01-31 13140382 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-02-01 2024-01-31 13140382 d:LeaseholdInvestmentProperty 2024-01-31 13140382 d:LeaseholdInvestmentProperty 2023-01-31 13140382 d:CurrentFinancialInstruments 2024-01-31 13140382 d:CurrentFinancialInstruments 2023-01-31 13140382 d:Non-currentFinancialInstruments 2024-01-31 13140382 d:Non-currentFinancialInstruments 2023-01-31 13140382 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 13140382 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 13140382 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 13140382 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 13140382 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-01-31 13140382 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-01-31 13140382 d:ShareCapital 2024-01-31 13140382 d:ShareCapital 2023-01-31 13140382 d:RevaluationReserve 2024-01-31 13140382 d:RevaluationReserve 2023-01-31 13140382 d:RetainedEarningsAccumulatedLosses 2024-01-31 13140382 d:RetainedEarningsAccumulatedLosses 2023-01-31 13140382 c:FRS102 2023-02-01 2024-01-31 13140382 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13140382 c:FullAccounts 2023-02-01 2024-01-31 13140382 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13140382 5 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure

Registered number: 13140382









BARI INVESTMENTS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 JANUARY 2024

 
BARI INVESTMENTS LIMITED
REGISTERED NUMBER: 13140382

BALANCE SHEET
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
  
1,019
-

Investment property
  
238,500
238,500

  
239,519
238,500

Current assets
  

Cash at bank and in hand
 6 
3,926
13,540

  
3,926
13,540

Creditors: amounts falling due within one year
 7 
(79,980)
(90,679)

Net current liabilities
  
 
 
(76,054)
 
 
(77,139)

Total assets less current liabilities
  
163,465
161,361

Creditors: amounts falling due after more than one year
 8 
(139,940)
(139,940)

  

Net assets
  
23,525
21,421


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
27,859
27,859

Profit and loss account
  
(4,434)
(6,538)

  
23,525
21,421


Page 1

 
BARI INVESTMENTS LIMITED
REGISTERED NUMBER: 13140382
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 October 2024.




A J Bari
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
BARI INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

1.


General information

Bari Investments Limited ("the Company") is a private company limited by shares, incorporated in England and Wales. The registered office is 32 Beech Grove, Ilford, England, IG6 3AR.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rental income
Rental income from operating leases is recognised on a straight line basis over the term of the lease.

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Page 3

 
BARI INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the balance sheet date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.7

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
BARI INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

2.Accounting policies (continued)

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.11

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.


3.


Employees

The average monthly number of employees, including directors, during the period was 2 (2023 - 2).

Page 5

 
BARI INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

4.


Tangible fixed assets





Office equipment

£



Cost or valuation


Additions
1,358



At 31 January 2024

1,358



Depreciation


Charge for the period on owned assets
339



At 31 January 2024

339



Net book value



At 31 January 2024
1,019



At 31 January 2023
-


5.


Investment property


Long term leasehold investment property

£



Valuation


At 1 February 2023
238,500



At 31 January 2024
238,500

In the opinion of the directors the valuation of investment property, on an open market existing use basis, remains appropriate at the period end.




Page 6

 
BARI INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,926
13,540

3,926
13,540



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other creditors
79,480
90,679

Accruals and deferred income
500
-

79,980
90,679



8.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
139,940
139,940

139,940
139,940



9.


Loans



2024
2023
£
£




Amounts falling due after more than 5 years

Bank loans
139,940
139,940

139,940
139,940

139,940
139,940


Bank loans are secured by way of a charge over the assets to which they relate.

Page 7

 
BARI INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2024

10.


Related party transactions

At the period end the company owed the directors £79,480 (2023 - £90,264).

 
Page 8