Company Registration No. 07301733 (England and Wales)
Barden Grove Investments Limited
Unaudited accounts
for the year ended 31 July 2024
Barden Grove Investments Limited
Unaudited accounts
Contents
Barden Grove Investments Limited
Company Information
for the year ended 31 July 2024
Directors
Jonathan Swinfen Phillips
Rachel Yvette Woodhall
Company Number
07301733 (England and Wales)
Registered Office
6 Wike Ridge Mount
Alwoodley
Leeds
West Yorkshire
LS17 9NP
United Kingdom
Accountants
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
Barden Grove Investments Limited
Accountants' report
Accountants' report to the board of directors of Barden Grove Investments Limited on the preparation of the unaudited statutory accounts for the year ended 31 July 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Barden Grove Investments Limited for the year ended
31 July 2024 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Barden Grove Investments Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Barden Grove Investments Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barden Grove Investments Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Barden Grove Investments Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Barden Grove Investments Limited. You consider that Barden Grove Investments Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Barden Grove Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RAE Business Services (Yorkshire) Limited
First Floor
85 Great Portland Street
London
W1W 7LT
3 January 2025
Barden Grove Investments Limited
Statement of financial position
as at 31 July 2024
Investment property
747,500
737,500
Cash at bank and in hand
14,619
6,321
Creditors: amounts falling due within one year
(66,013)
(90,021)
Net current liabilities
(42,889)
(76,870)
Total assets less current liabilities
704,611
660,630
Creditors: amounts falling due after more than one year
(359,000)
(368,960)
Provisions for liabilities
Deferred tax
(45,889)
(43,389)
Net assets
299,722
248,281
Called up share capital
100
100
Revaluation reserve
137,667
130,167
Profit and loss account
161,955
118,014
Shareholders' funds
299,722
248,281
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 January 2025 and were signed on its behalf by
Jonathan Swinfen Phillips
Director
Company Registration No. 07301733
Barden Grove Investments Limited
Notes to the Accounts
for the year ended 31 July 2024
Barden Grove Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 07301733. The registered office is 6 Wike Ridge Mount, Alwoodley, Leeds, West Yorkshire, LS17 9NP, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard. The company was previously dormant.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 August 2023
737,500
Net gain from fair value adjustments
10,000
Amounts falling due within one year
Barden Grove Investments Limited
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
11,101
4,766
Other creditors
8,505
6,830
Loans from directors
46,407
78,425
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
359,000
368,960
Aggregate of amounts that fall due for payment after five years
341,176
348,080
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
8
Deferred taxation
2024
2023
Revaluation of land and buildings
45,889
43,389
Provision at start of year
43,389
-
Charged to the profit and loss account
2,500
43,389
Provision at end of year
45,889
43,389
Comparatives have been restated for deferred tax on revaluation of investment properties.
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).