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REGISTERED NUMBER: 12387735 (England and Wales)








FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

BARRES INVESTMENTS LTD

BARRES INVESTMENTS LTD (REGISTERED NUMBER: 12387735)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARRES INVESTMENTS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: J N Schiller





SECRETARY: L C Schiller





REGISTERED OFFICE: 3 Durrant Road
Bournemouth
Dorset
BH2 6NE





REGISTERED NUMBER: 12387735 (England and Wales)





ACCOUNTANTS: Carter & Coley
Chartered Accountants
3 Durrant Road
Bournemouth
Dorset
BH2 6NE

BARRES INVESTMENTS LTD (REGISTERED NUMBER: 12387735)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 964,340 879,619

CURRENT ASSETS
Debtors 5 20 15
Cash at bank and in hand 47,013 147,414
47,033 147,429
CREDITORS
Amounts falling due within one year 6 1,080,669 1,058,283
NET CURRENT LIABILITIES (1,033,636 ) (910,854 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(69,296

)

(31,235

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (69,396 ) (31,335 )
(69,296 ) (31,235 )

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

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

BARRES INVESTMENTS LTD (REGISTERED NUMBER: 12387735)

BALANCE SHEET - continued
31 JANUARY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 October 2024 and were signed by:





J N Schiller - Director


BARRES INVESTMENTS LTD (REGISTERED NUMBER: 12387735)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Barres Investments Ltd 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 as modified by the revaluation of certain assets.

Despite creditors exceeding debtors the accounts have been prepared on the going concern basis as the director has indicated that they will continue to support the company.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

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

BARRES INVESTMENTS LTD (REGISTERED NUMBER: 12387735)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. FIXED ASSET INVESTMENTS
Listed Unlisted
investments investments Totals
£    £    £   
COST OR VALUATION
At 1 February 2023 867,121 12,498 879,619
Additions 175,138 - 175,138
Disposals (39,302 ) - (39,302 )
Revaluations (51,115 ) - (51,115 )
At 31 January 2024 951,842 12,498 964,340
NET BOOK VALUE
At 31 January 2024 951,842 12,498 964,340
At 31 January 2023 867,121 12,498 879,619

At the balance sheet date unlisted investments were recognised at cost and listed investments were recognised at market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 20 15

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 520 568
Other creditors 1,080,149 1,057,715
1,080,669 1,058,283

7. RELATED PARTY DISCLOSURES

At the balance sheet date the company had received loans from the directors of £1,078,295 (2023 - £1,055,914). This loan is interest free and repayable on demand.