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REGISTERED NUMBER: 06124749 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

BARKOS LIMITED

BARKOS LIMITED (REGISTERED NUMBER: 06124749)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BARKOS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







Directors: Mr M Poggi
Ms S Lappi





Secretary: Vistra Cosec Limited





Registered office: Suite 1, 7th Floor
50 Broadway
London
SW1H 0BL





Registered number: 06124749 (England and Wales)





Accountants: Vistra Trust Company Limited
First Floor, Templeback
10 Temple back
Bristol
BS1 6FL

BARKOS LIMITED (REGISTERED NUMBER: 06124749)

BALANCE SHEET
29 FEBRUARY 2024

29/2/24 28/2/23
Notes €    €   
FIXED ASSETS
Investment property 4 800,000 800,000

CURRENT ASSETS
Debtors 5 582 527
Cash at bank 993 1,033
1,575 1,560
CREDITORS
Amounts falling due within one year 6 (1,766,024 ) (1,731,757 )
NET CURRENT LIABILITIES (1,764,449 ) (1,730,197 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(964,449

)

(930,197

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (964,450 ) (930,198 )
(964,449 ) (930,197 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 27 November 2024 and were signed on its behalf by:





Mr M Poggi - Director


BARKOS LIMITED (REGISTERED NUMBER: 06124749)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Barkos 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 Company’s functional and presentational currency is Euros and the financial statements have been rounded to the nearest euro (€).

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.

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.

Investment property
Investment properties, which are properties held to earn rentals and / or for capital appreciation, are initially measured at cost and subsequently at fair value. Gains or losses on revaluation are recognised in profit or loss.

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Foreign currencies
Assets and liabilities in foreign currencies are translated into euro at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into euro at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The going concern basis has been considered appropriate by the directors as the parent undertaking Ditta Fratelli Poggi SRL, has indicated that it will continue to support the company financially for the foreseeable future.

3. EMPLOYEES AND DIRECTORS

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

BARKOS LIMITED (REGISTERED NUMBER: 06124749)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. INVESTMENT PROPERTY
Total
€   
Fair value
At 1 March 2023
and 29 February 2024 800,000
Net book value
At 29 February 2024 800,000
At 28 February 2023 800,000

The investment property was valued at 29 February 2024 by the director on Sales Comparison Method, using the trend and market value of the Italian real estate market in Westhern Italy as assessed by official statistical institution. In director's opinion, the value of the property at 29 February 2024 is approximately the same as the value at 28 February 2023.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
€    €   
Other debtors 582 527

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29/2/24 28/2/23
€    €   
Trade creditors - 521
Amounts owed to group undertakings 1,759,058 1,720,449
Other creditors 6,966 10,787
1,766,024 1,731,757

7. ULTIMATE CONTROLLING PARTY

Ditta Fratelli Poggi SRL, a company incorporated in Italy, is the company's immediate parent company.

The directors consider the company's ultimate parent and controlling party to be Ditta Fratelli Poggi SRL a company also incorporated in Italy.