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REGISTERED NUMBER: 02609358 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Barons Keep Limited

Barons Keep Limited (Registered number: 02609358)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Barons Keep Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: B C Ionescu
S Roth
R B Gregory
J Wielgosz
Mrs I Tuthill
Dr L Di Mare



REGISTERED OFFICE: 6 Barons Keep
Gliddon Road
London
W14 9AT



REGISTERED NUMBER: 02609358 (England and Wales)



SENIOR STATUTORY AUDITOR: Richard Harris FCA



AUDITORS: Watson Associates (Audit Services) Limited
30-34 North Street
Hailsham
East Sussex
BN27 1DW

Barons Keep Limited (Registered number: 02609358)

Balance Sheet
31 December 2023

31.12.23 31.12.22
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,020 43,075

CURRENT ASSETS
Debtors 5 19,748 14,843
Cash at bank 804,671 503,519
824,419 518,362
CREDITORS
Amounts falling due within one year 6 22,226 29,809
NET CURRENT ASSETS 802,193 488,553
TOTAL ASSETS LESS CURRENT
LIABILITIES

835,213

531,628

CAPITAL AND RESERVES
Called up share capital 226 219
Retained earnings 834,987 531,409
SHAREHOLDERS' FUNDS 835,213 531,628

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 on the Board of Directors and authorised for issue on 3 November 2024 and were signed on its behalf by:





B C Ionescu - Director


Barons Keep Limited (Registered number: 02609358)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Barons Keep 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.

The company has taken advantage of the exemption in Financial Reporting Standard no 1 from producing a cash flow statement on the grounds that it is a small company.

Tangible fixed assets
The freehold consists solely of the freehold of Barons Keep. It is capitalised at the cost of acquisition and attributable costs less the proportionate cost of the leases sold. No depreciation is charged on the cost of the freehold land and buildings as in the opinion of the directors it would not be material.

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.

Corporation tax
The company has agreed with the Inland Revenue a special basis of taxation on the surplus arising on the sale of new leases to existing flats. Taxation is payable on gross sales proceeds.

Turnover
Turnover represents ground rents receivable from the lessees of Barons Keep and ground rents from garages receivable from the owners.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Barons Keep Limited (Registered number: 02609358)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 January 2023 43,075
Disposals (10,055 )
At 31 December 2023 33,020
NET BOOK VALUE
At 31 December 2023 33,020
At 31 December 2022 43,075

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Other debtors 19,748 14,843

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
as restated
£    £   
Trade creditors 16,527 20,391
Other creditors 5,699 9,418
22,226 29,809

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Richard Harris FCA (Senior Statutory Auditor)
for and on behalf of Watson Associates (Audit Services) Limited

8. COMMITMENTS

Financial commitments at 31 December for which no provision has been made in these accounts were as follows:

2023 2022

Authorised and contracted £60,264 £60,264
Authorised but not contracted £nil £nil
===== =====
There were no Capital Commitments at 31 December 2023.

9. RELATED PARTY TRANSACTIONS

Each director of the company is a lessee of a flat at Barons Keep and pays ground rent to the company.

Barons Keep Limited (Registered number: 02609358)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

10. SERVICE CHARGE AND RESERVE FUND

Separate service charge and reserve fund accounts to 24 December each year are prepared and issued to tenants.
The service charge accounts to 24 December 2023 showed the following:

2023 2022
Income £802,488 £590,343
Expenditure (724,659 ) (599,000 )
Surplus transferred from/(to) reserve fund (77,829 ) 8,657

£ - £ -
======== =======

The reserve fund accounts to 24 December 2023 showed net assets as follows:
2023 2022
Reserve Fund £255,093 £371,404
======= =======

11. SHARE CAPITAL

At 31 December 2023

Number Value
Allotted and fully paid
'A' ordinary shares of £1 each 119 £119
'B' ordinary shares of 5p each 2,144 £107
=====
£226
=====

During the year to 31 December 2023 two 'A' ordinary share of £1.00 each and 112 'B' ordinary shares of 5 pence each were issued on the sale of two new long leases.