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REGISTERED NUMBER: 05353401 (England and Wales)





























Unaudited Financial Statements for the Year Ended 30 June 2024

for

Barncote Investments Limited

Barncote Investments Limited (Registered number: 05353401)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barncote Investments Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs Jean Margaret Wild
Mr James Anthony Wild



SECRETARY: Ms Sarah Helen Wild



REGISTERED OFFICE: Orrell Cote Barn
Moorside Road
Turton
Bolton
BL7 0JZ



REGISTERED NUMBER: 05353401 (England and Wales)



ACCOUNTANTS: DonnellyBentley Limited
Chartered Accountants
Hazlemere
70 Chorley New Road
Bolton
Lancashire
BL1 4BY



BANKERS: Handelsbanken

Barncote Investments Limited (Registered number: 05353401)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 493 551
Investments 5 630,070 582,541
630,563 583,092

CURRENT ASSETS
Stocks 75,883 75,883
Debtors 6 1,500 4,444
Cash at bank 25,727 52,410
103,110 132,737
CREDITORS
Amounts falling due within one year 7 (11,059 ) (25,191 )
NET CURRENT ASSETS 92,051 107,546
TOTAL ASSETS LESS CURRENT
LIABILITIES

722,614

690,638

CAPITAL AND RESERVES
Called up share capital 8 5,125 5,125
Retained earnings 717,489 685,513
SHAREHOLDERS' FUNDS 722,614 690,638

Barncote Investments Limited (Registered number: 05353401)

Balance Sheet - continued
30 June 2024


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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by:





Mr James Anthony Wild - Director


Barncote Investments Limited (Registered number: 05353401)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Barncote Investments 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.

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the obligation to prepare group accounts.

Turnover
Turnover represents the total investment income receivable for the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at directors' valuation, based on net assets.

Stocks
Stock is valued at the lower of cost or net realisable value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Barncote Investments Limited (Registered number: 05353401)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Investments
Quoted investments are stated at the mid market bid price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 July 2023 1,244 1,756 3,000
Additions 287 - 287
At 30 June 2024 1,531 1,756 3,287
DEPRECIATION
At 1 July 2023 874 1,575 2,449
Charge for year 165 180 345
At 30 June 2024 1,039 1,755 2,794
NET BOOK VALUE
At 30 June 2024 492 1 493
At 30 June 2023 370 181 551

5. FIXED ASSET INVESTMENTS

2024 2023
£    £   
Shares in group undertakings 103,000 103,000
Loans to group undertakings (103,133 ) (101,073 )
Other investments not loans 630,203 580,614
630,070 582,541

Barncote Investments Limited (Registered number: 05353401)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. FIXED ASSET INVESTMENTS - continued

Additional information is as follows:
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 103,000 580,614 683,614
Additions - 20,495 20,495
Disposals - (4,941 ) (4,941 )
Revaluations - 34,035 34,035
At 30 June 2024 103,000 630,203 733,203
NET BOOK VALUE
At 30 June 2024 103,000 630,203 733,203
At 30 June 2023 103,000 580,614 683,614

Cost or valuation at 30 June 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2024 - (268,551 ) (268,551 )
Cost 103,000 898,754 1,001,754
103,000 630,203 733,203
Subsidiary
undertakings
loans
£   
At 1 July 2023 (101,073 )
New in year (2,060 )
At 30 June 2024 (103,133 )

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,500 1,475
Other debtors - 2,969
1,500 4,444

Barncote Investments Limited (Registered number: 05353401)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 285 325
Other creditors 4,139 1,187
Dividends - 5,638
Directors' current accounts 560 14,966
Accrued expenses 6,075 3,075
11,059 25,191

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,125 Ordinary £1 5,125 5,125

9. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr And Mrs J A Wild, who own 56.1% (2023: 56.1% ) of the issued share capital. The remaining shares are held by other close members of the family.