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REGISTERED NUMBER: 14102948 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

LITTLE WORSHAM BARNS LIMITED

LITTLE WORSHAM BARNS LIMITED (REGISTERED NUMBER: 14102948)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


LITTLE WORSHAM BARNS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: A H Taylor
Mrs A P A Barros Taylor





REGISTERED OFFICE: 29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU





REGISTERED NUMBER: 14102948 (England and Wales)





ACCOUNTANTS: Advanta
Chartered Accountants
29 Gildredge Road
Eastbourne
East Sussex
BN21 4RU

LITTLE WORSHAM BARNS LIMITED (REGISTERED NUMBER: 14102948)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,424 16,250

CURRENT ASSETS
Stocks 5 1,807,793 681,032
Debtors 6 58,180 39,091
Cash at bank and in hand 545 2,866
1,866,518 722,989
CREDITORS
Amounts falling due within one year 7 1,877,353 738,030
NET CURRENT LIABILITIES (10,835 ) (15,041 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,589 1,209

CAPITAL AND RESERVES
Called up share capital 5 5
Retained earnings 1,584 1,204
SHAREHOLDERS' FUNDS 1,589 1,209

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 9 January 2025 and were signed on its behalf by:





A H Taylor - Director


LITTLE WORSHAM BARNS LIMITED (REGISTERED NUMBER: 14102948)

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


1. STATUTORY INFORMATION

Little Worsham Barns 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.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant & machinery - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

LITTLE WORSHAM BARNS LIMITED (REGISTERED NUMBER: 14102948)

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


4. TANGIBLE FIXED ASSETS
Plant &
machinery
£   
COST
At 1 April 2023 21,667
Additions 315
At 31 March 2024 21,982
DEPRECIATION
At 1 April 2023 5,417
Charge for year 4,141
At 31 March 2024 9,558
NET BOOK VALUE
At 31 March 2024 12,424
At 31 March 2023 16,250

5. STOCKS
2024 2023
£    £   
Work-in-progress 1,807,793 681,032

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 48,312 14,459
VAT 8,284 9,661
Deferred tax asset 1,584 1,204
Prepayments - 13,767
58,180 39,091

Other debtors forms amounts owed by related companies. These are repayable upon demand but are not expected to be received within one year.

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 1,786,480 715,612
Trade creditors 88,363 20,618
Other creditors 540 -
Accrued expenses 1,970 1,800
1,877,353 738,030

Other loans forms amounts owed by related companies. These are repayable upon demand but are not expected to be received within one year.

LITTLE WORSHAM BARNS LIMITED (REGISTERED NUMBER: 14102948)

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


8. DEFERRED TAX
£   
Balance at 1 April 2023 (1,204 )
Provided during year 19
Tax losses carried forward (399 )
Balance at 31 March 2024 (1,584 )

9. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £250,435 (2023: £407,650) to Fairlight Homes (UK) Ltd, a company controlled by A H Taylor. No interest was charged on this amount. This amount is repayable on demand.

At the balance sheet date the company was owed £45,812 (2023: £14,459) by A And D Properties Ltd, a company controlled by A H Taylor. No interest was charged on this amount. This amount is repayable on demand.