Barbourne Management Company Limited 06182970 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is acquiring, holding, managing and administering the freehold and leasehold property or properties known as 5 & 6 Barbourne Terrace, Worcester, WR1 3JS Digita Accounts Production Advanced 6.30.9574.0 true 06182970 2023-04-01 2024-03-31 06182970 2024-03-31 06182970 core:RetainedEarningsAccumulatedLosses 2024-03-31 06182970 core:ShareCapital 2024-03-31 06182970 core:CurrentFinancialInstruments 2024-03-31 06182970 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 06182970 core:FurnitureFittingsToolsEquipment 2024-03-31 06182970 bus:SmallEntities 2023-04-01 2024-03-31 06182970 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06182970 bus:FilletedAccounts 2023-04-01 2024-03-31 06182970 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 06182970 bus:RegisteredOffice 2023-04-01 2024-03-31 06182970 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 06182970 bus:Director2 2023-04-01 2024-03-31 06182970 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06182970 core:FurnitureFittings 2023-04-01 2024-03-31 06182970 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 06182970 countries:EnglandWales 2023-04-01 2024-03-31 06182970 2023-03-31 06182970 core:FurnitureFittingsToolsEquipment 2023-03-31 06182970 2022-04-01 2023-03-31 06182970 2023-03-31 06182970 core:RetainedEarningsAccumulatedLosses 2023-03-31 06182970 core:ShareCapital 2023-03-31 06182970 core:CurrentFinancialInstruments 2023-03-31 06182970 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 06182970 core:FurnitureFittingsToolsEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 06182970

Barbourne Management Company Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Barbourne Management Company Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Barbourne Management Company Limited

Company Information

Directors

Mr C L Trimming

Mr C P F Tiarks

Company secretary

Mr C P F Tiarks

Registered office

11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

Accountants

Ballards LLP
Chartered Accountants
Oakmoore Court
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH

 

Barbourne Management Company Limited

(Registration number: 06182970)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,687

2,250

Current assets

 

Debtors

5

5

5

Cash at bank and in hand

 

2,985

3,507

 

2,990

3,512

Creditors: Amounts falling due within one year

6

(400)

(400)

Net current assets

 

2,590

3,112

Net assets

 

4,277

5,362

Capital and reserves

 

Called up share capital

7

7

Retained earnings

4,270

5,355

Shareholders' funds

 

4,277

5,362

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 November 2024 and signed on its behalf by:
 

.........................................
Mr C L Trimming
Director

   
 

Barbourne Management Company Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
11C Kingswood Road
Hampton Lovett
Droitwich
Worcestershire
WR9 0QH
England

The principal place of business is:
6 Barbourne Terrace
Worcester
WR1 3JS

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Barbourne Management Company Limited

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

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

25% reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

Barbourne Management Company Limited

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

3,000

3,000

At 31 March 2024

3,000

3,000

Depreciation

At 1 April 2023

750

750

Charge for the year

563

563

At 31 March 2024

1,313

1,313

Carrying amount

At 31 March 2024

1,687

1,687

At 31 March 2023

2,250

2,250

5

Debtors

Current

2024
£

2023
£

Other debtors

5

5

 

5

5

6

Creditors

2024
£

2023
£

Due within one year

Other creditors

400

400