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REGISTERED NUMBER: 02086325 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Barat Enterprises Limited

Barat Enterprises Limited (Registered number: 02086325)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Barat Enterprises Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: P K Santilal
Mrs M P Santilal





SECRETARY: P K Santilal





REGISTERED OFFICE: 240 Green Street
London
E7 8LE





REGISTERED NUMBER: 02086325 (England and Wales)





ACCOUNTANTS: R G Associates
12 Rosemary Drive
Ilford
Essex
IG4 5JD

Barat Enterprises Limited (Registered number: 02086325)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,120,007 2,120,007
Investments 5 508,967 508,967
2,628,974 2,628,974

CURRENT ASSETS
Debtors 6 14,578 1,803
Cash at bank 129,076 221,727
143,654 223,530
CREDITORS
Amounts falling due within one year 7 172,405 185,428
NET CURRENT (LIABILITIES)/ASSETS (28,751 ) 38,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,600,223

2,667,076

CREDITORS
Amounts falling due after more than one year 8 (310,639 ) (410,052 )

PROVISIONS FOR LIABILITIES 10 (229,337 ) (229,337 )
NET ASSETS 2,060,247 2,027,687

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 11 1,132,805 1,132,805
Retained earnings 11 926,442 893,882
SHAREHOLDERS' FUNDS 2,060,247 2,027,687

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

Barat Enterprises Limited (Registered number: 02086325)

Statement of Financial Position - continued
31 March 2024


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 Board of Directors and authorised for issue on 14 October 2024 and were signed on its behalf by:





P K Santilal - Director


Barat Enterprises Limited (Registered number: 02086325)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Barat Enterprises 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 as modified by the revaluation of certain assets.

Bank loans and shareholders' advances are expected to remain in place for as long as they are required by the company for the purpose of its business. The accounts have, therefore, been prepared on a going concern basis.

Turnover
Turnover represents rents and commissions receivable during the year excluding value added tax.

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.
Land and buildings - not provided
Plant and machinery etc - 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Barat Enterprises Limited (Registered number: 02086325)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Investment property
Investment property which is property held to earn rentals and or capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the balance sheet under a fair value reserve account.
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 April 2023
and 31 March 2024 2,120,000 4,102 2,124,102
DEPRECIATION
At 1 April 2023
and 31 March 2024 - 4,095 4,095
NET BOOK VALUE
At 31 March 2024 2,120,000 7 2,120,007
At 31 March 2023 2,120,000 7 2,120,007

Cost or valuation at 31 March 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2005 457,491 - 457,491
Valuation in 2008 (55,000 ) - (55,000 )
Valuation in 2009 (109,614 ) - (109,614 )
Valuation in 2011 (50,000 ) - (50,000 )
Valuation in 2015 166,745 - 166,745
Valuation in 2016 150,000 - 150,000
Valuation in 2021 394,983 - 394,983
Valuation in 2023 220,000 - 220,000
Cost 945,395 4,102 949,497
2,120,000 4,102 2,124,102

Freehold properties are shown at valuation carried out by directors at an open market basis..

Barat Enterprises Limited (Registered number: 02086325)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. FIXED ASSET INVESTMENTS

31.3.24 31.3.23
£    £   
Shares in group undertakings 30,000 30,000
Loans to group undertakings 478,967 478,967
508,967 508,967

Additional information is as follows:
Shares in
group
undertakings
£   
COST
At 1 April 2023
and 31 March 2024 30,000
NET BOOK VALUE
At 31 March 2024 30,000
At 31 March 2023 30,000
Loans to
group
undertakings
£   
At 1 April 2023
and 31 March 2024 478,967

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 14,578 1,803

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 13,873 13,137
Taxation and social security 16,399 14,130
Other creditors 142,133 158,161
172,405 185,428

Barat Enterprises Limited (Registered number: 02086325)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans 69,639 80,052
Other creditors 241,000 330,000
310,639 410,052

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 69,639 80,052

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 83,512 93,189

Bank borrowings are secured by a charge on the company's freehold properties.

10. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 229,337 229,337

Deferred
tax
£   
Balance at 1 April 2023 229,337
Balance at 31 March 2024 229,337

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 April 2023 893,882 1,132,805 2,026,687
Profit for the year 52,560 - 52,560
Dividends (20,000 ) - (20,000 )
At 31 March 2024 926,442 1,132,805 2,059,247