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REGISTERED NUMBER: 05104735 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BARNES WOODFIELD LIMITED

BARNES WOODFIELD LIMITED (REGISTERED NUMBER: 05104735)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Chartered Accountants' Report 2

Statement of Financial Position 3

Notes to the Financial Statements 5


BARNES WOODFIELD LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: Mr D J Barnes
Mrs G M Barnes





SECRETARY: Mrs G M Barnes





REGISTERED OFFICE: Greenacres
Henley Street
Luddesdown
Gravesend
Kent
DA13 0XB





REGISTERED NUMBER: 05104735 (England and Wales)





ACCOUNTANTS: STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
BARNES WOODFIELD LIMITED


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Barnes Woodfield Limited for the year ended 30 April 2024 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Barnes Woodfield Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Barnes Woodfield Limited and state those matters that we have agreed to state to the Board of Directors of Barnes Woodfield Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barnes Woodfield Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Barnes Woodfield Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Barnes Woodfield Limited. You consider that Barnes Woodfield 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 financial statements of Barnes Woodfield 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 financial statements.






STGCA LLP t/a Sterling
Chartered Accountants
505 Pinner Road
Harrow
Middlesex
HA2 6EH


15 January 2025

BARNES WOODFIELD LIMITED (REGISTERED NUMBER: 05104735)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30/4/24 30/4/23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 2,097 2,621
Investment property 5 600,000 600,000
602,097 602,621

CURRENT ASSETS
Cash at bank 4,636 7,604

CREDITORS
Amounts falling due within one year 6 76,421 85,264
NET CURRENT LIABILITIES (71,785 ) (77,660 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

530,312

524,961

CREDITORS
Amounts falling due after more than one
year

7

(43,733

)

(48,849

)

PROVISIONS FOR LIABILITIES 10 (13,891 ) (14,450 )
NET ASSETS 472,688 461,662

CAPITAL AND RESERVES
Called up share capital 11 1,000 1,000
Retained earnings 12 471,688 460,662
SHAREHOLDERS' FUNDS 472,688 461,662

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

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

BARNES WOODFIELD LIMITED (REGISTERED NUMBER: 05104735)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 15 January 2025 and were signed on its behalf by:





Mr D J Barnes - Director


BARNES WOODFIELD LIMITED (REGISTERED NUMBER: 05104735)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Barnes Woodfield 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on reducing balance

Investment property
Investment properties are properties which are held either to earn rental income or for capital appreciation or for both. Investment properties are recognised initially at cost.

Subsequent to initial recognition:

Investment properties whose fair value can be measured reliably without undue cost or effort are held at fair value. Any gains or losses arising from changes in the fair value are recognised in profit or loss in the period that they arise.

Deferred tax
Deferred tax is recognised in respect of temporary timing differences which are differences between taxable profits and total comprehensive income that arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 May 2023
and 30 April 2024 17,344 12,450 29,794
DEPRECIATION
At 1 May 2023 17,344 9,829 27,173
Charge for year - 524 524
At 30 April 2024 17,344 10,353 27,697
NET BOOK VALUE
At 30 April 2024 - 2,097 2,097
At 30 April 2023 - 2,621 2,621

BARNES WOODFIELD LIMITED (REGISTERED NUMBER: 05104735)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 May 2023
and 30 April 2024 600,000
NET BOOK VALUE
At 30 April 2024 600,000
At 30 April 2023 600,000

The investment property was valued on an open market basis on 30 April 2024 by the directors.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£ £
Bank loans and overdrafts (see note 8) 7,268 7,268
Other creditors 5,669 8,342
Directors' current accounts 56,883 62,354
Deferred income 4,561 6,280
Accrued expenses 2,040 1,020
76,421 85,264

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/4/24 30/4/23
£ £
Bank loans (see note 8) 43,733 48,849

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,660 22,275

8. LOANS

An analysis of the maturity of loans is given below:

30/4/24 30/4/23
£ £
Amounts falling due within one year or on demand:
Bank loans 7,268 7,268

Amounts falling due between one and two years:
Bank loans - 1-2 years 9,768 12,269

Amounts falling due between two and five years:
Bank loans - 2-5 years 14,305 14,305

BARNES WOODFIELD LIMITED (REGISTERED NUMBER: 05104735)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


8. LOANS - continued
30/4/24 30/4/23
£ £
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 19,660 22,275

9. SECURED DEBTS

The following secured debts are included within creditors:

30/4/24 30/4/23
£ £
Bank loans 51,001 56,117

10. PROVISIONS FOR LIABILITIES
30/4/24 30/4/23
£ £
Deferred tax 13,891 14,450

Deferred tax
£
Balance at 1 May 2023 14,450
Provided during year (559 )
Movement during the year
Balance at 30 April 2024 13,891

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £ £
1,000 Ordinary Share capital 1 1,000 1,000

12. RESERVES

Retained earnings is made up of undistributable profit and loss reserves of £226,714 ( 2023 : £226,714).

13. OTHER FINANCIAL COMMITMENTS

Included in Creditors Due more than one year is Business Bounce Back loan of £12,500 . The loan is repayable in 6 years with the rate of interest fixed at 2.50% per annum starting 13 months after the first drawdown. First loan withdrawn date is 01April 2021. Interest due for the first 12 months is paid by the UK government as grant also known as business interruption payment.

14. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, total dividends of £2,100 (2023: £4,500) were paid to the directors.