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REGISTERED NUMBER: 02877538 (England and Wales)

















Unaudited Financial Statements for the Year Ended 30 September 2024

for

Barber Properties Limited

Barber Properties Limited (Registered number: 02877538)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barber Properties Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr C J Sargent
Mrs J L Walshaw
Mr C I Sargent





SECRETARY: Mrs J L Walshaw





REGISTERED OFFICE: 10 Oriel Road
Sheffield
South Yorkshire
S10 3TF





REGISTERED NUMBER: 02877538 (England and Wales)





ACCOUNTANTS: SMH Haywood & Co Limited
24-26 Mansfield Road
Rotherham
South Yorkshire
S60 2DT

Barber Properties Limited (Registered number: 02877538)

Balance Sheet
30 September 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 118 177
Investment property 4 1,048,576 1,048,576
1,048,694 1,048,753

CURRENT ASSETS
Debtors 5 1,409 856
Cash at bank 45,588 97,710
46,997 98,566
CREDITORS
Amounts falling due within one year 6 (100,997 ) (199,813 )
NET CURRENT LIABILITIES (54,000 ) (101,247 )
TOTAL ASSETS LESS CURRENT LIABILITIES 994,694 947,506

PROVISIONS FOR LIABILITIES (74,202 ) (74,202 )
NET ASSETS 920,492 873,304

CAPITAL AND RESERVES
Called up share capital 3,700 3,700
Revaluation reserve 381,906 381,906
Capital redemption reserve 156,300 156,300
Retained earnings 378,586 331,398
SHAREHOLDERS' FUNDS 920,492 873,304

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

Barber Properties Limited (Registered number: 02877538)

Balance Sheet - continued
30 September 2024


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 2 December 2024 and were signed on its behalf by:





Mr C I Sargent - Director


Barber Properties Limited (Registered number: 02877538)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

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.

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.

2. EMPLOYEES AND DIRECTORS

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

Barber Properties Limited (Registered number: 02877538)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 October 2023
and 30 September 2024 2,414
DEPRECIATION
At 1 October 2023 2,237
Charge for year 59
At 30 September 2024 2,296
NET BOOK VALUE
At 30 September 2024 118
At 30 September 2023 177

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 1,048,576
NET BOOK VALUE
At 30 September 2024 1,048,576
At 30 September 2023 1,048,576

The directors have valued the investment property at a fair value of £1,048,576 as at 30 September 2024.

On a historical cost basis the investment properties would have been included at an original cost of £592,468 (2023- £592,468).

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Prepayments and accrued income 1,409 856

Barber Properties Limited (Registered number: 02877538)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 11,884 11,048
Directors' current accounts 85,097 185,054
Accruals and deferred income 4,016 3,711
100,997 199,813

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
Mrs J L Walshaw
Balance outstanding at start of year - 3,813
Amounts repaid - (3,813 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -