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REGISTERED NUMBER: 03344526 (England and Wales)















W E BARTON LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






W E BARTON LIMITED (REGISTERED NUMBER: 03344526)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


W E BARTON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTOR: A S Barton





REGISTERED OFFICE: Hall Farm
Saundby
Retford
Nottinghamshire
DN22 9ER





REGISTERED NUMBER: 03344526 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW

W E BARTON LIMITED (REGISTERED NUMBER: 03344526)

STATEMENT OF FINANCIAL POSITION
31 AUGUST 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,467,500 1,467,500

CURRENT ASSETS
Debtors 5 157,924 118,496
Cash at bank 1,025 17,515
158,949 136,011
CREDITORS
Amounts falling due within one year 6 37,024 50,977
NET CURRENT ASSETS 121,925 85,034
TOTAL ASSETS LESS CURRENT LIABILITIES 1,589,425 1,552,534

CREDITORS
Amounts falling due after more than one year 7 (28,076 ) (34,014 )

PROVISIONS FOR LIABILITIES (100,981 ) (100,981 )
NET ASSETS 1,460,368 1,417,539

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 644,073 644,073
Retained earnings 816,195 773,366
SHAREHOLDERS' FUNDS 1,460,368 1,417,539

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

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

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 director and authorised for issue on 15 November 2024 and were signed by:





A S Barton - Director


W E BARTON LIMITED (REGISTERED NUMBER: 03344526)

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

1. STATUTORY INFORMATION

W E Barton 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Revenue
Revenue represents rental income receivable from property letting. Revenue is measured at the fair value of the consideration received or receivable, taking in to account contractually defined terms of payment and excluding discounts, rebates, value added tax and other sales taxes.

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.

In accordance with Financial Reporting Standard for Smaller Entities (effective January 2015) investment properties are revalued annually and the aggregate surplus or deficit is transferred to the fair value reserve for identification. Depreciation is not provided in respect of investment properties. The directors consider that this accounting policy is necessary in order to provide a true and fair view.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

W E BARTON LIMITED (REGISTERED NUMBER: 03344526)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 1,467,500
NET BOOK VALUE
At 31 August 2024 1,467,500
At 31 August 2023 1,467,500

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2006 407,307
Valuation in 2007 820,511
Valuation in 2008 (230,051 )
Valuation in 2010 (156,829 )
Valuation in 2011 (213,259 )
Valuation in 2012 130,000
Valuation in 2014 100,000
Valuation in 2015 40,000
Valuation in 2017 (205,148 )
Valuation in 2020 52,524
Cost 722,445
1,467,500

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 722,445 722,445

Investment properties were valued on an open market basis on 31 August 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 157,924 118,496

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 9,999 10,000
Taxation and social security - 25,496
Other creditors 27,025 15,481
37,024 50,977

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 28,076 34,014

Bank loans over 5 years are repayable by instalments.

W E BARTON LIMITED (REGISTERED NUMBER: 03344526)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 38,075 44,014

Bank loans and overdrafts are secured over the properties within fixed assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 September 2023
and 31 August 2024 644,073