Registration number:
Barton Homes Limited
for the Year Ended 31 March 2024
Barton Homes Limited
(Registration number: 04318892)
Balance Sheet as at 31 March 2024
Note |
2024 |
2023 |
|
Fixed assets |
|||
Tangible assets |
|
|
|
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
|
Provisions for liabilities |
( |
( |
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
|
|
|
Fair value reserve |
|
|
|
Profit and loss account |
|
|
|
Shareholders' funds |
|
|
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 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 and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
These financial statements, which 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 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the
Barton Homes Limited
(Registration number: 04318892)
Balance Sheet as at 31 March 2024 (continued)
.........................................
Director
Barton Homes Limited
Statement of Changes in Equity for the Year Ended 31 March 2024
Share capital |
Fair value reserve |
Profit and loss account |
Total |
|
At 1 April 2023 |
|
|
|
|
Profit for the year |
- |
- |
|
|
Deferred tax on revaluation |
- |
( |
|
- |
Total comprehensive income |
- |
( |
|
|
At 31 March 2024 |
|
|
|
|
Share capital |
Revaluation reserve |
Profit and loss account |
Total |
|
At 1 April 2022 |
|
|
|
|
Profit for the year |
- |
- |
|
|
Total comprehensive income |
- |
- |
|
|
At 31 March 2023 |
|
|
|
|
Barton Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024
Accounting policies |
Statutory information
Barton Homes Limited is a private company, limited by shares, domiciled in England and Wales, company number 04318892. The registered office is at 367 Fulwood Road, Sheffield, S10 3BS.
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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Revenue recognition
Turnover represents rents received.
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 |
Investment properties |
Not depreciated |
Fixtures and fittings |
25% straight line |
Motor vehicles |
25% straight line |
Investment property
Financial instruments
Barton Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Tangible assets |
Investment |
Fixtures and fittings |
Motor vehicles |
Total |
|
Cost or valuation |
||||
At 1 April 2023 |
|
|
|
|
Additions |
|
- |
- |
|
At 31 March 2024 |
|
|
|
|
Depreciation |
||||
At 1 April 2023 |
- |
|
|
|
Charge for the year |
- |
- |
|
|
At 31 March 2024 |
- |
|
|
|
Carrying amount |
||||
At 31 March 2024 |
|
- |
|
|
At 31 March 2023 |
|
- |
|
|
The fair value of the company's investment properties was revalued on 31 March 2024. An independent valuer was not involved. This class of assets has a current value of £7,617,811 (2023: £7,428,615). Had this class of asset been measured on a historical cost basis, the carrying amount would have been £7,280,094 (2023 : £7,090,898).
Debtors |
2024 |
2023 |
|
Other debtors |
|
|
Prepayments and accrued income |
3,240 |
7,974 |
3,840 |
8,574 |
Barton Homes Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024 (continued)
Creditors |
2024 |
2023 |
|
Due within one year |
||
Other creditors |
|
|
Taxation and social security |
63,205 |
26,347 |
|
|
|
Due after one year |
||
Redeemable preference shares (over 5 yrs) |
2,684,900 |
2,684,900 |
Other creditors |
2,059,640 |
2,000,000 |
Directors loan accounts |
1,837,893 |
1,842,058 |
6,582,433 |
6,526,958 |
Related party transactions |
During the year the directors had an interest free loan account with the company. At the balance sheet date the amount owed by the company was £1,837,893 (2023: £1,842,058). In addition the family of the directors had an interest free loan account with the company. At the balance sheet date the amount owed by the company was £2,059,640 (2023: £2,000,000).
Share capital |
Allotted, called up and fully paid shares
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
|
|
1,934,900 |
|
1,934,900 |
|
|
750,000 |
|
750,000 |
|
|
|
|
The redeemable preference shares carry no voting rights but shareholders are entitled to a fixed cumulative preferential dividend of 0.5% per annum on the A Preference shares and 2% per annum on the B Preference shares on the amount of paid up capital. In the event of a winding up, any capital and arrears of dividend will be paid to shareholders prior to the payment being made to ordinary shareholders.