2 2 Bartons Real Estate Limited 13587637 false 2023-09-01 2024-08-31 2024-08-31 The principal activity of the company is Real Estate Digita Accounts Production Advanced 6.30.9574.0 true 13587637 2023-09-01 2024-08-31 13587637 2024-08-31 13587637 core:CurrentFinancialInstruments 2024-08-31 13587637 core:CurrentFinancialInstruments core:WithinOneYear 2024-08-31 13587637 core:FurnitureFittingsToolsEquipment 2024-08-31 13587637 core:LandBuildings 2024-08-31 13587637 bus:SmallEntities 2023-09-01 2024-08-31 13587637 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 13587637 bus:FilletedAccounts 2023-09-01 2024-08-31 13587637 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-08-31 13587637 bus:RegisteredOffice 2023-09-01 2024-08-31 13587637 bus:Director1 2023-09-01 2024-08-31 13587637 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 13587637 core:FurnitureFittings 2023-09-01 2024-08-31 13587637 core:FurnitureFittingsToolsEquipment 2023-09-01 2024-08-31 13587637 core:LandBuildings 2023-09-01 2024-08-31 13587637 countries:EnglandWales 2023-09-01 2024-08-31 13587637 2023-08-31 13587637 core:FurnitureFittingsToolsEquipment 2023-08-31 13587637 core:LandBuildings 2023-08-31 13587637 2022-09-01 2023-08-31 13587637 2023-08-31 13587637 core:CurrentFinancialInstruments 2023-08-31 13587637 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 13587637 core:FurnitureFittingsToolsEquipment 2023-08-31 13587637 core:LandBuildings 2023-08-31 xbrli:pure iso4217:GBP

Registration number: 13587637

Bartons Real Estate Limited

Unaudited Financial Statements

for the Year Ended 31 August 2024

 

Bartons Real Estate Limited

Contents

Statement of Income And Retained Earnings

1

Statement of Financial Position

2

Notes to the Unaudited Financial Statements

3 to 5

 

Bartons Real Estate Limited

Statement of Income And Retained Earnings for the Year Ended 31 August 2024

Note

2024
£

2023
£

Turnover

 

33,470

38,502

Administrative expenses

 

(12,177)

(11,192)

Operating profit

 

21,293

27,310

Interest payable and similar charges

 

(17,667)

(14,592)

 

(17,667)

(14,592)

Profit before tax

3,626

12,718

Profit for the financial year

 

3,626

12,718

Retained earnings brought forward

 

(16,099)

(28,817)

Retained earnings carried forward

 

(12,473)

(16,099)

 

Bartons Real Estate Limited

(Registration number: 13587637)
Statement of Financial Position as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

514,490

515,220

Current assets

 

Cash at bank and in hand

 

23,944

18,836

Creditors: Amounts falling due within one year

5

(550,807)

(550,055)

Net current liabilities

 

(526,863)

(531,219)

Net liabilities

 

(12,373)

(15,999)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(12,473)

(16,099)

Shareholders' deficit

 

(12,373)

(15,999)

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 May 2025
 

.........................................
Mr David John Barton
Director

   
     
 

Bartons Real Estate Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

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

The address of its registered office is:
C/o Beever and Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL
England

These financial statements were authorised for issue by the director on 22 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixture and Fittings

20% on reducing balance

 

Bartons Real Estate Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

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 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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 2).

 

Bartons Real Estate Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

511,575

5,696

517,271

At 31 August 2024

511,575

5,696

517,271

Depreciation

At 1 September 2023

-

2,052

2,052

Charge for the year

-

729

729

At 31 August 2024

-

2,781

2,781

Carrying amount

At 31 August 2024

511,575

2,915

514,490

At 31 August 2023

511,575

3,645

515,220

Included within the net book value of land and buildings above is £511,575 (2023 - £511,575) in respect of freehold land and buildings.
 

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

6

333,760

333,760

Trade creditors

 

60

-

Accruals and deferred income

 

1,285

594

Other creditors

 

215,702

215,701

 

550,807

550,055

6

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Bank borrowings

333,760

333,760