Company registration number 03522587 (England and Wales)
BARTON PLACE TRADING COMPANY LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
BARTON PLACE TRADING COMPANY LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
BARTON PLACE TRADING COMPANY LIMITED
BALANCE SHEET
AS AT 31 MARCH 2024
31 March 2024
- 1 -
31 March 2024
30 April 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
687,709
774,102
Current assets
Debtors
4
457,917
602,654
Cash at bank and in hand
41,467
25,242
499,384
627,896
Creditors: amounts falling due within one year
5
(528,692)
(416,087)
Net current (liabilities)/assets
(29,308)
211,809
Total assets less current liabilities
658,401
985,911
Creditors: amounts falling due after more than one year
6
(85,711)
(113,220)
Provisions for liabilities
(110,265)
(89,574)
Net assets
462,425
783,117
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
461,425
782,117
Total equity
462,425
783,117
BARTON PLACE TRADING COMPANY LIMITED
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024
31 March 2024
- 2 -

For the financial period ended 31 March 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 of its financial statements for the period in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 25 February 2025 and are signed on its behalf by:
E J Hay
Director
Company registration number 03522587 (England and Wales)
BARTON PLACE TRADING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2024
- 3 -
1
Accounting policies
Company information

Barton Place Trading Company Limited is a private company limited by shares incorporated in England and Wales. The registered office is Barton Place Farms, Great Barton, Bury St Edmunds, Suffolk, IP31 2QY.

1.1
Reporting period

The financial statements present the results for the 11 months ended 31 March 2024 and are therefore not wholly comparable with the prior period.

1.2
Accounting convention

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 

The financial statements are presented in sterling which is the functional currency of the company

and rounded to the nearest £.

 

The significant accounting policies applied in the preparation of these financial statements are set

out below. These policies have been consistently applied to all years presented unless otherwise stated.

1.3
Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

1.4
Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

 

Depreciation is provided on the following basis:

Long term leasehold property
4% straight line
Plant and machinery
20% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

 

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 

BARTON PLACE TRADING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 4 -
1.5
Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, less any impairment.

1.6
Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

1.7
Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

1.8
Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs.

 

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.9
Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.

 

Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.

 

When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

 

1.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

BARTON PLACE TRADING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
- 5 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2024
2023
Number
Number
Total
4
4
3
Tangible fixed assets
Long term leasehold property
Plant and machinery
Total
£
£
£
Cost
At 1 May 2023 and 31 March 2024
391,906
864,505
1,256,411
Depreciation and impairment
At 1 May 2023
188,163
294,146
482,309
Depreciation charged in the period
14,370
72,023
86,393
At 31 March 2024
202,533
366,169
568,702
Carrying amount
At 31 March 2024
189,373
498,336
687,709
At 30 April 2023
203,743
570,359
774,102
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
413,942
494,375
Other debtors
43,975
108,279
457,917
602,654
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
152,309
296,491
Taxation and social security
41,215
15,909
Other creditors
335,168
103,687
528,692
416,087
BARTON PLACE TRADING COMPANY LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2024
5
Creditors: amounts falling due within one year
(Continued)
- 6 -

Included in other creditors is £27,509 (2023: £25,754) relating to obligations under hire purchase agreements which are secured on the underlying assets.

6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
85,711
113,220

Included in other creditors is £85,711 (2023: £113,220) relating to obligations under hire purchase agreements which are secured on the underlying assets.

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