Company registration number 15244078 (England and Wales)
BARN VIEW GLASSHOUSES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
PAGES FOR FILING WITH REGISTRAR
BARN VIEW GLASSHOUSES LIMITED
CONTENTS
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
BARN VIEW GLASSHOUSES LIMITED
STATEMENT OF FINANCIAL POSITION
AS AT
31 OCTOBER 2024
31 October 2024
- 1 -
2024
Notes
£
£
Fixed assets
Tangible assets
3
141,678
Current assets
Debtors
1,029
Cash at bank and in hand
1,488
2,517
Creditors: amounts falling due within one year
(146,796)
Net current liabilities
(144,279)
Net liabilities
(2,601)
Capital and reserves
Called up share capital
4
100
Profit and loss reserves
(2,701)
Total equity
(2,601)
For the financial year ended 31 October 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 year in question in accordance with section 476.
The director acknowledges his 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.
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
The financial statements were approved and signed by the director and authorised for issue on 12 March 2025
Mr G Jones
Director
Company registration number 15244078 (England and Wales)
BARN VIEW GLASSHOUSES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 2 -
1
Accounting policies
Company information
Barn View Glasshouses Limited is a private company limited by shares incorporated in England and Wales. The registered office is Manor Barn, Elkstone, Cheltenham, Gloucestershire, England, GL53 9PD.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Going concern
The principal creditor is an inter-company loan account. The company relies on, and receives, working capital and funding for property acquisitions from Emotive Landscapes Ltd, a company under common control.
The director has considered the funding needs of the company for a period of greater than twelve months from the date of approval of these financial statements and concluded that the company will be able to raise sufficient funding to deliver against its business plan with the ongoing support of the company under common control. The director therefore deems it appropriate to prepare these financial statements on the basis that the company can continue to operate as a going concern.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
No depreciation
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
Number
Total
1
BARN VIEW GLASSHOUSES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 OCTOBER 2024
- 3 -
3
Tangible fixed assets
Total
£
Cost
At 28 October 2023
Additions
141,678
At 31 October 2024
141,678
Depreciation and impairment
At 28 October 2023 and 31 October 2024
Carrying amount
At 31 October 2024
141,678
4
Called up share capital
2024
2024
Ordinary share capital
Number
£
Issued and fully paid
Ordinary A shares of £1 each
100
100
5
Related party transactions
Mr G Jones
Director and shareholder
During the period Mr Jones advanced £74 to the company as working capital. This balance is due to Mr Jones at the year end. The loan is unsecured, interest-free and repayable on demand.
Emotive Landscapes Ltd
A company under common control
During the period Emotive Landscapes Ltd advanced £146,122 to the company as working capital and for the acquisition of property. This is the balance owed at the year-end. The loan is unsecured, interest-free and repayable on demand, although the related party has agreed not to withdraw its funding to the detriment of other unsecured creditors.