Silverfin false false 30/06/2024 01/07/2023 30/06/2024 D R Barrington-Brown 03/09/2002 27 March 2025 The principal activity of the Company during the financial year was property development and the rental of commercial properties. 04524599 2024-06-30 04524599 bus:Director1 2024-06-30 04524599 2023-06-30 04524599 core:CurrentFinancialInstruments 2024-06-30 04524599 core:CurrentFinancialInstruments 2023-06-30 04524599 core:Non-currentFinancialInstruments 2024-06-30 04524599 core:Non-currentFinancialInstruments 2023-06-30 04524599 core:ShareCapital 2024-06-30 04524599 core:ShareCapital 2023-06-30 04524599 core:FurtherSpecificReserve1ComponentTotalEquity 2024-06-30 04524599 core:FurtherSpecificReserve1ComponentTotalEquity 2023-06-30 04524599 core:RetainedEarningsAccumulatedLosses 2024-06-30 04524599 core:RetainedEarningsAccumulatedLosses 2023-06-30 04524599 core:OtherPropertyPlantEquipment 2023-06-30 04524599 core:OtherPropertyPlantEquipment 2024-06-30 04524599 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2024-06-30 04524599 core:FurtherRelatedPartyRelationshipType2ComponentAllOtherRelatedParties core:CurrentFinancialInstruments 2023-06-30 04524599 core:CurrentFinancialInstruments core:Secured 2024-06-30 04524599 2023-07-01 2024-06-30 04524599 bus:FilletedAccounts 2023-07-01 2024-06-30 04524599 bus:SmallEntities 2023-07-01 2024-06-30 04524599 bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 04524599 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 04524599 bus:Director1 2023-07-01 2024-06-30 04524599 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-07-01 2024-06-30 04524599 2022-07-01 2023-06-30 04524599 core:Non-currentFinancialInstruments 2023-07-01 2024-06-30 iso4217:GBP xbrli:pure

Company No: 04524599 (England and Wales)

BARRINGTON BROWN ESTATES LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2024
Pages for filing with the registrar

BARRINGTON BROWN ESTATES LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2024

Contents

BARRINGTON BROWN ESTATES LIMITED

BALANCE SHEET

As at 30 June 2024
BARRINGTON BROWN ESTATES LIMITED

BALANCE SHEET (continued)

As at 30 June 2024
Note 2024 2023
£ £
Fixed assets
Investment property 4 650,000 630,121
650,000 630,121
Current assets
Stocks 5 385,175 412,926
Debtors 6 503,723 225,174
Cash at bank and in hand 386,242 677,545
1,275,140 1,315,645
Creditors: amounts falling due within one year 7 ( 25,747) ( 26,818)
Net current assets 1,249,393 1,288,827
Total assets less current liabilities 1,899,393 1,918,948
Creditors: amounts falling due after more than one year 8 ( 485,065) ( 490,164)
Provision for liabilities 9 ( 4,970) 5,923
Net assets 1,409,358 1,434,707
Capital and reserves
Called-up share capital 1 1
Fair value reserve 14,909 0
Profit and loss account 1,394,448 1,434,706
Total shareholder's funds 1,409,358 1,434,707

For the financial year ending 30 June 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Barrington Brown Estates Limited (registered number: 04524599) were approved and authorised for issue by the Director on 27 March 2025. They were signed on its behalf by:

D R Barrington-Brown
Director
BARRINGTON BROWN ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
BARRINGTON BROWN ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Barrington Brown Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Albert Goodman, Lupin Way, Yeovil, BA22 8WW, United Kingdom. The principal place of business is 360 Walton Road, West Molesey, Surrey, KT8 2JE.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

The rental income received is recognised on an accruals basis.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax liabilities are presented within provisions for liabilities on the balance sheet.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 5 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. 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.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 July 2023 39,095 39,095
At 30 June 2024 39,095 39,095
Accumulated depreciation
At 01 July 2023 39,095 39,095
At 30 June 2024 39,095 39,095
Net book value
At 30 June 2024 0 0
At 30 June 2023 0 0

4. Investment property

Investment property
£
Valuation
As at 01 July 2023 630,121
Fair value movement 19,879
As at 30 June 2024 650,000

Valuation

The investment property was revalued at 30 June 2024 by the director on an open market basis. The director considered the valuation of the investment property to remain materially correct at the balance sheet date.

There has been no valuation of investment property by an independent valuer.

5. Stocks

2024 2023
£ £
Stocks 385,175 412,926

6. Debtors

2024 2023
£ £
Amounts owed by connected companies 189,884 0
Other debtors 313,839 225,174
503,723 225,174

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans (secured) 5,099 4,836
Trade creditors 7,065 8,567
Taxation and social security 6,838 0
Other creditors 6,745 13,415
25,747 26,818

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans (secured) 235,065 240,164
Other creditors 250,000 250,000
485,065 490,164

Within bank loans is £240,164 (2023 - £245,000) which is secured by a fixed charge over the investment property.

9. Provision for liabilities

2024 2023
£ £
Deferred tax 4,970 ( 5,923)

10. Related party transactions

Transactions with the entity's director

Advances

The Directors loan account is repayable on demand and interest is charged on overdrawn balances exceeding £10,000 at the official HMRC rates.

At 1 July 2023, the balance owed by the director was £148,187. During the year, £21,233 was advanced to the director, and £972 was repaid by the director. At 30 June 2024, the balance owed by the director was £168,448.

At 1 July 2022, the balance owed by the director was £10,058. During the year, £249,200 was advanced to the director, and £111,071 was repaid by the director. At 30 June 2023, the balance owed by the director was £148,187.