REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
FOR |
BARNES GREEN INVESTMENTS LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
FOR |
BARNES GREEN INVESTMENTS LIMITED |
BARNES GREEN INVESTMENTS LIMITED (REGISTERED NUMBER: 05704746) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
BARNES GREEN INVESTMENTS LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
12 Victoria Road |
Barnsley |
South Yorkshire |
S70 2BB |
BANKERS: |
1 High Street |
Sheffield |
South Yorkshire |
S1 2GA |
BARNES GREEN INVESTMENTS LIMITED (REGISTERED NUMBER: 05704746) |
BALANCE SHEET |
30 SEPTEMBER 2024 |
30.9.24 | 30.9.23 |
Notes | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Revaluation reserve | 8 | ( |
) | ( |
) |
Retained earnings |
SHAREHOLDERS' FUNDS |
BARNES GREEN INVESTMENTS LIMITED (REGISTERED NUMBER: 05704746) |
BALANCE SHEET - continued |
30 SEPTEMBER 2024 |
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 were approved by the Board of Directors and authorised for issue on |
BARNES GREEN INVESTMENTS LIMITED (REGISTERED NUMBER: 05704746) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
1. | STATUTORY INFORMATION |
Barnes Green Investments Limited is a |
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound. |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
No judgements have been made in the process of applying the below accounting policies that have had the most significant effect on amounts recognised in the financial statements. |
There are no key assumptions concerning the future and other key sources of estimation uncertainty at the reporting date that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year. |
Turnover |
The turnover shown in the profit and loss account represents rental income receivable during the year. |
Rental income is recognised in the income statement on a straight-line basis over the term of the lease. |
Investment property |
Investment properties are measured at fair value at each reporting date with changes in fair value recognised in profit or loss. |
The fair value is assessed by Mr R G Wadsworth, a director, at each balance sheet date. |
Financial instruments |
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. |
BARNES GREEN INVESTMENTS LIMITED (REGISTERED NUMBER: 05704746) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 October 2023 |
Disposals | ( |
) |
At 30 September 2024 |
NET BOOK VALUE |
At 30 September 2024 |
At 30 September 2023 |
Fair value at 30 September 2024 is represented by: |
£ |
Valuation in 2019 | (15,704 | ) |
Cost | 376,329 |
360,625 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
Prepayments and accrued income |
BARNES GREEN INVESTMENTS LIMITED (REGISTERED NUMBER: 05704746) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.9.24 | 30.9.23 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Corporation tax |
Accruals and deferred income |
7. | CALLED UP SHARE CAPITAL |
Allotted and issued: |
Number: | Class: | Nominal | 30.9.24 | 30.9.23 |
value: | £ | £ |
Ordinary shares | £1 | 2 | 2 |
8. | RESERVES |
Revaluation |
reserve |
£ |
At 1 October 2023 |
and 30 September 2024 | ( |
) |
9. | CONTINGENT LIABILITIES |
An unlimited intercompany composite guarantee by and between the company and Jaguar Estates Investments Limited, Jaguar Residential Limited, Jaguar Property Limited and Jaguar Estates Limited. As at 30 September 2024 the balance due to the bank was £180,742 (2023: £186,771). |
In addition, an omnibus guarantee set off arrangement is in place across the group comprising Jaguar Estates Investments Limited, Jaguar Estates Limited, Jaguar Residential Limited, Jaguar Property Limited and Barnes Green Investments Limited. As at 30 September 2024 the balance due was £1,240,907 (2023: £854,816) |
BARNES GREEN INVESTMENTS LIMITED (REGISTERED NUMBER: 05704746) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 SEPTEMBER 2024 |
10. | RELATED PARTY DISCLOSURES |
Group companies |
30.09.24 | 30.09.23 |
£ | £ |
Interest free loans to/from | 91,275 | 112,753 |
Amounts due from group company | 115,537 | 115,537 |
Amounts due to group company | 238,062 | 330,037 |
11. | ULTIMATE CONTROLLING PARTY |
The ultimate parent undertaking is Jaguar Estates Investments Limited. |
The parent company's registered office address is; |
201 High Street |
Ecclesfield |
Sheffield |
S35 9XB |