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REGISTERED NUMBER: 04436209 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

BARLEY LODGE INVESTMENTS LIMITED

BARLEY LODGE INVESTMENTS LIMITED (REGISTERED NUMBER: 04436209)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARLEY LODGE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 May 2024







DIRECTORS: B Theo
Mrs A Theo





SECRETARY: Mrs A Theo





REGISTERED OFFICE: 12 Gateway Mews
Ring Way
London
N11 2UT





REGISTERED NUMBER: 04436209 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

BARLEY LODGE INVESTMENTS LIMITED (REGISTERED NUMBER: 04436209)

BALANCE SHEET
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,678 7,332
Investment property 5 2,534,914 2,220,000
2,540,592 2,227,332

CURRENT ASSETS
Debtors 6 1,263,620 1,302,095
Cash at bank 14,203 9,363
1,277,823 1,311,458
CREDITORS
Amounts falling due within one year 7 697,358 590,275
NET CURRENT ASSETS 580,465 721,183
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,121,057

2,948,515

CREDITORS
Amounts falling due after more than one
year

8

(1,538,502

)

(1,301,761

)

PROVISIONS FOR LIABILITIES (91,796 ) (91,796 )
NET ASSETS 1,490,759 1,554,958

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Fair value reserve 10 535,360 535,360
Retained earnings 953,399 1,017,598
SHAREHOLDERS' FUNDS 1,490,759 1,554,958

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

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

BARLEY LODGE INVESTMENTS LIMITED (REGISTERED NUMBER: 04436209)

BALANCE SHEET - continued
31 May 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 30 October 2024 and were signed on its behalf by:





B Theo - Director


BARLEY LODGE INVESTMENTS LIMITED (REGISTERED NUMBER: 04436209)

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

1. STATUTORY INFORMATION

BARLEY LODGE INVESTMENTS 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents net invoiced rent receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on such surplus or deficit at the rate expected to apply when the property is sold.

The fair value profits on investment property is not a realised profit available for distribution. In order to differentiate the non-distributable proftits with the distributable profits of the company, any fair value movements on investment property less the deferred tax on such movements is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

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.

BARLEY LODGE INVESTMENTS LIMITED (REGISTERED NUMBER: 04436209)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2023 32,886 851 33,737
Additions 239 - 239
At 31 May 2024 33,125 851 33,976
DEPRECIATION
At 1 June 2023 25,844 561 26,405
Charge for year 1,820 73 1,893
At 31 May 2024 27,664 634 28,298
NET BOOK VALUE
At 31 May 2024 5,461 217 5,678
At 31 May 2023 7,042 290 7,332

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023 2,220,000
Additions 314,914
At 31 May 2024 2,534,914
NET BOOK VALUE
At 31 May 2024 2,534,914
At 31 May 2023 2,220,000

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2005 255,661
Valuation in 2008 (63,915 )
Valuation in 2013 266,187
Valuation in 2017 186,730
Valuation in 2020 142,317
Valuation in 2022 (159,824 )
Cost 1,907,758
2,534,914

BARLEY LODGE INVESTMENTS LIMITED (REGISTERED NUMBER: 04436209)

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

5. INVESTMENT PROPERTY - continued

If investment property had not been revalued it would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 1,907,758 1,592,844

Investment property was valued on an open market basis on 31 May 2024 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 1,263,620 1,302,095

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 7,341 7,326
Other creditors 690,017 582,949
697,358 590,275

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 1,538,502 1,301,761

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank loans 1,545,843 1,309,087

10. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 535,360