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Registration number: 12515738

Barnwell Gate Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Barnwell Gate Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Barnwell Gate Limited

Company Information

Directors

Mr D A Townend

Mr J Gillespie

Mr P E Gillespie

Registered office

Heliting House
35 Richmond Hill
Bournemouth
Dorset
BH2 6HT

Accountants

Elysium Unit A7 The Arena
9 Nimrod Way
Wimborne
Dorset
BH21 7UH

 

Barnwell Gate Limited

(Registration number: 12515738)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Current assets

 

Stocks

4

851,178

729,891

Debtors

5

11,391

11,178

Cash at bank and in hand

 

6,564

610

 

869,133

741,679

Creditors: Amounts falling due within one year

6

(879,720)

(751,266)

Net liabilities

 

(10,587)

(9,587)

Capital and reserves

 

Called up share capital

7

1,000

1,000

Retained earnings

(11,587)

(10,587)

Shareholders' deficit

 

(10,587)

(9,587)

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

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 23 May 2025 and signed on its behalf by:
 

.........................................
Mr D A Townend
Director

 

Barnwell Gate Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Heliting House
35 Richmond Hill
Bournemouth
Dorset
BH2 6HT

These financial statements were authorised for issue by the Board on 23 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company, and rounded to the nearest £.

Contract revenue recognition

Revenue from contracts is recognised when the risks and rewards of ownership of the project have been transferred to the funder, which is usually when title passes.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Barnwell Gate Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 3).

4

Stocks

2024
£

2023
£

Work in progress

851,178

729,891

5

Debtors

Current

2024
£

2023
£

Other debtors

11,391

11,178

 

11,391

11,178

 

Barnwell Gate Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

75,720

34,266

Accruals and deferred income

1,000

1,000

Other creditors

803,000

716,000

879,720

751,266

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A of £1 each

400

400

400

400

Ordinary B of £1 each

400

400

400

400

Ordinary C of £1 each

200

200

200

200

1,000

1,000

1,000

1,000

8

Related party transactions

Summary of transactions with other related parties

During the year transactions took place with a company in which the directors have a participating interest. Included within Other creditors is £803,000 (2023: £716,000) due to this company.