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REGISTERED NUMBER: 01275554 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

FOR

BARANITE LIMITED

BARANITE LIMITED (REGISTERED NUMBER: 01275554)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


BARANITE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2024







DIRECTORS: C Johnston
P G Adams





REGISTERED OFFICE: Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ





REGISTERED NUMBER: 01275554 (England and Wales)





ACCOUNTANTS: Bradshaw Johnson
Chartered Accountants
Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

BARANITE LIMITED (REGISTERED NUMBER: 01275554)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2024

30.11.24 30.11.23
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 14,439 19,127
Investments 5 160,191 203,134
Investment property 6 1,100,000 725,000
1,274,630 947,261

CURRENT ASSETS
Debtors 7 3,010 2,890
Cash at bank 1,508,898 1,372,972
1,511,908 1,375,862
CREDITORS
Amounts falling due within one year 8 63,234 52,562
NET CURRENT ASSETS 1,448,674 1,323,300
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,723,304

2,270,561

PROVISIONS FOR LIABILITIES 137,727 41,640
NET ASSETS 2,585,577 2,228,921

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Profit & loss account-
non- distributable 1,007,596 609,597
Retained earnings 1,576,981 1,618,324
SHAREHOLDERS' FUNDS 2,585,577 2,228,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

BARANITE LIMITED (REGISTERED NUMBER: 01275554)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 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 Board of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by:




C Johnston - Director



P G Adams - Director


BARANITE LIMITED (REGISTERED NUMBER: 01275554)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1. STATEMENT OF COMPLIANCE

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. Baranite Limited is a limited company incorporated in England. The registered office is:

Croft Chambers
11 Bancroft
Hitchin
Hertfordshire
SG5 1JQ

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

The financial statements are prepared in Pound Sterling (£).

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is measured at fair value at each reporting date with changes in fair value 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

BARANITE LIMITED (REGISTERED NUMBER: 01275554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Fixed asset investments
These listed investments are shown at their market value. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit and loss.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST OR VALUATION
At 1 December 2023
and 30 November 2024 801 4,506 57,500 62,807
DEPRECIATION
At 1 December 2023 801 3,573 39,306 43,680
Charge for year - 140 4,548 4,688
At 30 November 2024 801 3,713 43,854 48,368
NET BOOK VALUE
At 30 November 2024 - 793 13,646 14,439
At 30 November 2023 - 933 18,194 19,127

Cost or valuation at 30 November 2024 is represented by:

Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
Cost 801 4,506 57,500 62,807

BARANITE LIMITED (REGISTERED NUMBER: 01275554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 December 2023 203,134
Additions 7,769
Disposals (73,711 )
Revaluations 22,999
At 30 November 2024 160,191
NET BOOK VALUE
At 30 November 2024 160,191
At 30 November 2023 203,134

Cost or valuation at 30 November 2024 is represented by:

Other
investments
£   
Valuation in 2017 8,077
Valuation in 2018 (3,469 )
Valuation in 2019 24,539
Valuation in 2020 80,319
Valuation in 2021 50,879
Valuation in 2022 (128,035 )
Valuation in 2023 (43,192 )
Valuation in 2024 50,103
Cost 120,970
160,191

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 725,000
Revaluations 375,000
At 30 November 2024 1,100,000
NET BOOK VALUE
At 30 November 2024 1,100,000
At 30 November 2023 725,000

BARANITE LIMITED (REGISTERED NUMBER: 01275554)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2024

6. INVESTMENT PROPERTY - continued

Fair value at 30 November 2024 is represented by:
£   
Valuation in 1984 63,735
Valuation in 1987 125,000
Valuation in 1999 55,000
Valuation in 2006 275,000
Valuation in 2015 (150,000 )
Valuation in 2018 225,000
Valuation in 2024 375,000
Cost 131,265
1,100,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
as restated
£    £   
Trade debtors 2,167 2,167
VAT 408 315
Prepayments and accrued income 435 408
3,010 2,890

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.24 30.11.23
as restated
£    £   
Tax 31,587 22,399
Other creditors 24,934 24,934
Accrued expenses 6,713 5,229
63,234 52,562