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REGISTERED NUMBER: 11325567 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

BAROOK DEVELOPMENTS LIMITED

BAROOK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11325567)

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










Page

Balance sheet 1

Notes to the financial statements 2


BAROOK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11325567)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 4 8,845 26,138

Current assets
Stocks 4,531,609 4,395,711
Debtors 5 40,844 72,283
Cash at bank 3,967 88,630
4,576,420 4,556,624
Creditors
Amounts falling due within one year 6 5,075,580 5,067,135
Net current liabilities (499,160 ) (510,511 )
Total assets less current liabilities (490,315 ) (484,373 )

Creditors
Amounts falling due after more than one year 7 31,364 37,150
Net liabilities (521,679 ) (521,523 )

Capital and reserves
Called up share capital 8 270 270
Retained earnings (521,949 ) (521,793 )
Shareholders' funds (521,679 ) (521,523 )

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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





Mr R Cook - Director


BAROOK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11325567)

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


1. Statutory information

Barook Developments Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 11325567. The registered office address is 7&8 Church Street, Wimborne, Dorset, BH21 1JH and the business address is 8 Avon Castle Drive, Ringwood, Hampshire, BH24 2BA.

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.

The Company has made a loss during the period and has a deficiency of assets at the period end of £521,679. The company is dependant upon the continued support of its directors who give assurance that they will assist with the company's working capital requirements over the next twelve months if necessary.

Turnover
Turnover represents amounts receivable, net of VAT, in respect of goods and services provided in property development activities. This is recognised once this has been provided to the customer.

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

Stocks
Stock and Work In Progress are valued at the lower of cost and net realisable value.

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 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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

BAROOK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11325567)

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


3. Employees and directors

The average number of employees during the year was 2 (2023 - 6 ) .

4. Tangible fixed assets
Motor Office
vehicles equipment Totals
£    £    £   
Cost
At 1 May 2023 48,080 3,452 51,532
Disposals (34,000 ) - (34,000 )
At 30 April 2024 14,080 3,452 17,532
Depreciation
At 1 May 2023 23,396 1,998 25,394
Charge for year 2,585 364 2,949
Eliminated on disposal (19,656 ) - (19,656 )
At 30 April 2024 6,325 2,362 8,687
Net book value
At 30 April 2024 7,755 1,090 8,845
At 30 April 2023 24,684 1,454 26,138

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 226 3,600
VAT 7,794 59,988
Prepayments and accrued income 32,824 8,695
40,844 72,283

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 5,868 5,768
Trade creditors 112,306 81,967
Social security and other taxes 34 9,439
Other creditors 4,722,053 4,753,612
Directors' current accounts 206,917 202,375
Accruals and deferred income 28,402 13,974
5,075,580 5,067,135

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 5,968 5,868
Bank loans - 2-5 years 18,505 18,155
Bank loans more 5 yr by instal 6,891 13,127
31,364 37,150

BAROOK DEVELOPMENTS LIMITED (REGISTERED NUMBER: 11325567)

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


7. Creditors: amounts falling due after more than one year - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,891 13,127

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
90 Ordinary 'A' £1 90 90
90 Ordinary 'B' £1 90 90
90 Ordinary 'C' £1 90 90
270 270

9. Ultimate controlling party

The company is effectively controlled by the directors in office by virtue of their ownership of their respective companies which have joint ownership of the issued share capital.