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REGISTERED NUMBER: 10388233 (England and Wales)




















Financial Statements

for the Year Ended 31 July 2024

for

BARNES INVESTMENTS LTD

BARNES INVESTMENTS LTD (REGISTERED NUMBER: 10388233)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARNES INVESTMENTS LTD

Company Information
for the Year Ended 31 July 2024







DIRECTOR: T Barnes





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 10388233 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

BARNES INVESTMENTS LTD (REGISTERED NUMBER: 10388233)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - -
Investments 6 766,317 779,109
Investment property 7 785,000 692,587
1,551,317 1,471,696

CURRENT ASSETS
Debtors 8 2,655 2,918
Cash at bank 2,553 5,266
5,208 8,184
CREDITORS
Amounts falling due within one year 9 (329,587 ) (337,269 )
NET CURRENT LIABILITIES (324,379 ) (329,085 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,226,938

1,142,611

CREDITORS
Amounts falling due after more than one
year

10

(462,912

)

(462,654

)

PROVISIONS FOR LIABILITIES (192,801 ) (167,827 )
NET ASSETS 571,225 512,130

CAPITAL AND RESERVES
Called up share capital 12 100 100
Retained earnings 13 571,125 512,030
SHAREHOLDERS' FUNDS 571,225 512,130

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

BARNES INVESTMENTS LTD (REGISTERED NUMBER: 10388233)

Balance Sheet - continued
31 July 2024


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 director and authorised for issue on 7 April 2025 and were signed by:





T Barnes - Director


BARNES INVESTMENTS LTD (REGISTERED NUMBER: 10388233)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Barnes Investments Ltd 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How are being amortised evenly over their estimated useful life of five years.

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 - Straight line over 3 years
Computer equipment - Straight line over 3 years

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

BARNES INVESTMENTS LTD (REGISTERED NUMBER: 10388233)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 August 2023
and 31 July 2024 21,637
AMORTISATION
At 1 August 2023
and 31 July 2024 21,637
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 867 1,325 2,192
DEPRECIATION
At 1 August 2023
and 31 July 2024 867 1,325 2,192
NET BOOK VALUE
At 31 July 2024 - - -
At 31 July 2023 - - -

6. FIXED ASSET INVESTMENTS
Listed
investments
£   
COST
At 1 August 2023 779,109
Exchange differences (12,792 )
At 31 July 2024 766,317
NET BOOK VALUE
At 31 July 2024 766,317
At 31 July 2023 779,109

The platform used for investments into CryptoCurrency is currently under investigation and the account has been frozen so funds cannot be withdrawn. If it is discovered that the assets were falsified and do not exist the net assets in the accounts will reduce to (£192,383).

BARNES INVESTMENTS LTD (REGISTERED NUMBER: 10388233)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023 692,587
Revaluations 92,413
At 31 July 2024 785,000
NET BOOK VALUE
At 31 July 2024 785,000
At 31 July 2023 692,587

Fair value at 31 July 2024 is represented by:
£   
Valuation in 2021 133,846
Valuation in 2024 92,414
Cost 558,740
785,000

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 1,440 512
Other debtors 1,215 2,406
2,655 2,918

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts - 759
Trade creditors - 4,800
Other creditors 329,587 331,710
329,587 337,269

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Other creditors 462,912 462,654

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgages 462,912 462,654

BARNES INVESTMENTS LTD (REGISTERED NUMBER: 10388233)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Mortgages 462,912 462,654

The mortgage provided by Hampshire Trust Bank plc is secured against the freehold interest in the property known as 36 Morden Road by way of a fixed and floating charge and a negative pledge.

The mortgage provided by Shawbrook Bank Ltd is secured against the freehold interest in the property known as 38 London Road by way of a fixed and floating charge and a negative pledge.

The mortgage provided by Keystone Property Finance Limited is secured against the freehold interest in the property known as 4 Vine Place by way of a fixed charge and a negative pledge.

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

13. RESERVES

Included in the reserves is an amount of £596,963 relating to the revaluation of the properties which is not distributable, being the revalued amount less deferred tax.