IRIS Accounts Production v24.3.2.46 11033451 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110334512023-03-31110334512024-03-31110334512023-04-012024-03-31110334512022-03-31110334512022-04-012023-03-31110334512023-03-3111033451ns15:EnglandWales2023-04-012024-03-3111033451ns14:PoundSterling2023-04-012024-03-3111033451ns10:Director12023-04-012024-03-3111033451ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3111033451ns10:SmallEntities2023-04-012024-03-3111033451ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3111033451ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3111033451ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3111033451ns10:FullAccounts2023-04-012024-03-3111033451ns10:Director22023-04-012024-03-3111033451ns10:Director32023-04-012024-03-3111033451ns10:RegisteredOffice2023-04-012024-03-3111033451ns5:CurrentFinancialInstruments2024-03-3111033451ns5:CurrentFinancialInstruments2023-03-3111033451ns5:Non-currentFinancialInstruments2024-03-3111033451ns5:Non-currentFinancialInstruments2023-03-3111033451ns5:ShareCapital2024-03-3111033451ns5:ShareCapital2023-03-3111033451ns5:FurtherSpecificReserve3ComponentTotalEquity2024-03-3111033451ns5:FurtherSpecificReserve3ComponentTotalEquity2023-03-3111033451ns5:RetainedEarningsAccumulatedLosses2024-03-3111033451ns5:RetainedEarningsAccumulatedLosses2023-03-3111033451ns5:FurnitureFittings2023-04-012024-03-3111033451ns5:ComputerEquipment2023-04-012024-03-3111033451ns5:FurnitureFittings2023-03-3111033451ns5:ComputerEquipment2023-03-3111033451ns5:FurnitureFittings2024-03-3111033451ns5:ComputerEquipment2024-03-3111033451ns5:FurnitureFittings2023-03-3111033451ns5:ComputerEquipment2023-03-3111033451ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3111033451ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3111033451ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3111033451ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3111033451ns5:Secured2024-03-3111033451ns5:Secured2023-03-31
REGISTERED NUMBER: 11033451 (England and Wales)















BARBER COMPANY HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






BARBER COMPANY HOLDINGS LIMITED (REGISTERED NUMBER: 11033451)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 5


BARBER COMPANY HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Miss J. Barber
Mrs S. P. Barber
Mr J G Barber





REGISTERED OFFICE: Colony House
Purleigh
Essex
CM3 6RJ





REGISTERED NUMBER: 11033451 (England and Wales)

BARBER COMPANY HOLDINGS LIMITED (REGISTERED NUMBER: 11033451)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 680 574
Investment property 5 1,602,953 1,569,953
1,603,633 1,570,527

CURRENT ASSETS
Debtors 6 250,689 81,595
Investments 7 996 133,714
Cash at bank and in hand 46,377 35,071
298,062 250,380
CREDITORS
Amounts falling due within one year 8 (637,478 ) (641,271 )
NET CURRENT LIABILITIES (339,416 ) (390,891 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,264,217 1,179,636

CREDITORS
Amounts falling due after more than one year 9 (1,117,784 ) (1,060,945 )

PROVISIONS FOR LIABILITIES (19,332 ) (13,743 )
NET ASSETS 127,101 104,948

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 11 97,064 69,765
Retained earnings 11 29,037 34,183
127,101 104,948

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 March 2025 and were signed on its behalf by:





Mr J G Barber - Director


BARBER COMPANY HOLDINGS LIMITED (REGISTERED NUMBER: 11033451)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Barber Company Holdings 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.

For the purposes of presentation, the currency is the Pound Sterling (£) and the financial statements are rounded to the nearest Pound.

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.

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 cost
Office equipment - 33% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
Basic financial instruments are recognised at amortised cost.

Current asset investments

The listed investments are shown at market value with changes in fair value recognised in the income statement. Non listed investments are shown at cost.

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

Hire purchase and leasing commitments
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at their fair value. The capital element of the future payments is treated as a liability and the interest is charged to the income statement using the effective interest rate.

Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

BARBER COMPANY HOLDINGS LIMITED (REGISTERED NUMBER: 11033451)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Fixtures
and Office
fittings equipment Totals
£    £    £   
COST
At 1 April 2023 16,034 1,417 17,451
Additions - 396 396
At 31 March 2024 16,034 1,813 17,847
DEPRECIATION
At 1 April 2023 16,034 843 16,877
Charge for year - 290 290
At 31 March 2024 16,034 1,133 17,167
NET BOOK VALUE
At 31 March 2024 - 680 680
At 31 March 2023 - 574 574

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,569,953
Revaluations 33,000
At 31 March 2024 1,602,953
NET BOOK VALUE
At 31 March 2024 1,602,953
At 31 March 2023 1,569,953

The investment properties are valued at market value at the period end by the company directors. The original cost of the properties to the company is £1,482,168.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts due from related parties 58,862 52,526
Other debtors 161,796 6,620
Directors' current accounts 20,860 21,078
Prepayments and accrued income 9,171 1,371
250,689 81,595

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments - 4,718
Unlisted investments 996 128,996
996 133,714

The listed investments are shown at market value with changes in fair value recognised in the income statement. Non listed investments are shown at cost.

BARBER COMPANY HOLDINGS LIMITED (REGISTERED NUMBER: 11033451)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 5,637 5,501
Trade creditors 12,468 11,130
Amounts due to related parties 585,665 600,327
Corporation tax 4,814 5,709
Other creditors 2,242 -
Accruals and deferred income 26,652 18,604
637,478 641,271

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans - 1-5 years 1,117,784 1,060,945

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,123,421 1,066,446

Bank loans

A fixed charge and floating charge dated 1 May 2018 is in place over the Gun Hill investment property in favour of Interbay Funding Limited.

A fixed charge dated 20 December 2021 is in place relating to the mortgage of the investment property acquired in 2021 in favour of The Mortgage Lender Limited.

A fixed charge dated 18 March 2024 is in place relating to the mortgage of the investment property Shepeshall in favour of Onesavings Bank Plc.

11. RESERVES

Fair value
reserve
£
At 1 April 202369,765
Fair value movement33,703
Deferred taxation (6,404)
At 31 March 202497,064