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REGISTERED NUMBER: 01551049 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

BARKER BROS. (INVESTMENT PROPERTIES)
LIMITED

BARKER BROS. (INVESTMENT PROPERTIES)
LIMITED (REGISTERED NUMBER: 01551049)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


BARKER BROS. (INVESTMENT PROPERTIES)
LIMITED

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTORS: Mr L J Barker
Mrs M J Rogers
Mrs A B McNaught
Miss B A Barker





REGISTERED OFFICE: The Green
Downham Market
Norfolk
PE38 9DY





REGISTERED NUMBER: 01551049 (England and Wales)





ACCOUNTANTS: Sexty & Co
Chartered Certified Accountants
124 Thorpe Road
Norwich
Norfolk
NR1 1RS

BARKER BROS. (INVESTMENT PROPERTIES)
LIMITED (REGISTERED NUMBER: 01551049)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 4,412,000 4,412,000

CURRENT ASSETS
Debtors 6 7,247 25,594
Cash at bank 218,898 224,865
226,145 250,459
CREDITORS
Amounts falling due within one year 7 1,019,295 934,752
NET CURRENT LIABILITIES (793,150 ) (684,293 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,618,850

3,727,707

PROVISIONS FOR LIABILITIES 230,000 220,000
NET ASSETS 3,388,850 3,507,707

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 8 3,388,848 3,507,705
SHAREHOLDERS' FUNDS 3,388,850 3,507,707

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.

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 22 January 2025 and were signed on its behalf by:



Mr L J Barker - Director


BARKER BROS. (INVESTMENT PROPERTIES)
LIMITED (REGISTERED NUMBER: 01551049)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Barker Bros. (Investment Properties) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents net rents receiveable, excluding value added tax.


Investment property
Investment property is shown at fair value. 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

BARKER BROS. (INVESTMENT PROPERTIES)
LIMITED (REGISTERED NUMBER: 01551049)

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 4,412,000
NET BOOK VALUE
At 30 April 2024 4,412,000
At 30 April 2023 4,412,000

An independent member of the Royal Association of Chartered Surveyors valued the property in 2017 based on future expected rental income.This is reviewed annually by the directors to ensure investment property is shown at fair value.

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2017 2,193,750
Valuation in 1997 1,154,019
Cost 1,064,231
4,412,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 7,247 25,594

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to parent company 851,997 766,936
Taxation and social security 3,921 4,047
Other creditors 163,377 163,769
1,019,295 934,752

8. RESERVES

Included within retained earnings is £3,117,769 of non distributable reserves.

9. RELATED PARTY DISCLOSURES

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.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Barker Bros (Downham Market) Group Limited, which has the same registered office address.