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Registration number: 08794014

The Barns Cafe Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

The Barns Cafe Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

The Barns Cafe Limited

(Registration number: 08794014)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Current assets

 

Stocks

5

4,483

4,483

Cash at bank and in hand

 

25,320

19,531

 

29,803

24,014

Creditors: Amounts falling due within one year

6

(19,758)

(18,715)

Net assets

 

10,045

5,299

Capital and reserves

 

Called up share capital

7

25,000

25,000

Retained earnings

(14,955)

(19,701)

Shareholders' funds

 

10,045

5,299

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 13 March 2025 and signed on its behalf by:
 

.........................................
Joanna S M Reinders-Green
Director

 

The Barns Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
Christ Church
Northcourt Road
Abingdon
Oxon
OX14 1PL

These financial statements were authorised for issue by the Board on 13 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

The Barns Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Asset class

Depreciation method and rate

Plant and machinery

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

 

The Barns Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

7,463

7,463

At 31 December 2024

7,463

7,463

Depreciation

At 1 January 2024

7,463

7,463

At 31 December 2024

7,463

7,463

Carrying amount

At 31 December 2024

-

-

5

Stocks

2024
£

2023
£

Other inventories

4,483

4,483

 

The Barns Cafe Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

1,660

2,733

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

7,604

6,310

Taxation and social security

 

7,678

6,781

Accruals and deferred income

 

880

880

Other creditors

 

1,936

2,011

 

19,758

18,715

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

25,000

25,000

25,000

25,000

       

8

Related party transactions

Summary of transactions with parent

Parish of North Abingdon
(Parent company)
During the year the company paid £6,840 heat and light (2023 - £5,480) and £2,400 (2023 - £Nil) repair cost to the Parish of North Abingdon. At the balance sheet date the amount due to Parish of North Abingdon was £7,604 (2023- £6,310).

9

Parent and ultimate parent undertaking

The company's immediate parent is Parish of North Abingdon, incorporated in United Kingdom.