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REGISTERED NUMBER: 00459676 (England and Wales)














BARFORD BROTHERS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024






BARFORD BROTHERS LIMITED (REGISTERED NUMBER: 00459676)






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


BARFORD BROTHERS LIMITED

COMPANY INFORMATION
for the Year Ended 30 November 2024







DIRECTORS: J H Horn
R C Horn ACA





SECRETARY: R C Horn ACA





REGISTERED OFFICE: 5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE





REGISTERED NUMBER: 00459676 (England and Wales)





ACCOUNTANTS: Miller & Co
Chartered Accountants
5 Imperial Court
Laporte Way
Luton
Bedfordshire
LU4 8FE

BARFORD BROTHERS LIMITED (REGISTERED NUMBER: 00459676)

STATEMENT OF FINANCIAL POSITION
30 November 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 5 21,603 22,603
Investment property 6 1,560,000 1,725,000
1,581,603 1,747,603

CURRENT ASSETS
Stocks 2,946 2,702
Debtors 7 9,974 9,626
Investments 8 301,540 287,572
Cash at bank and in hand 71,989 73,525
386,449 373,425
CREDITORS
Amounts falling due within one year 9 40,957 22,812
NET CURRENT ASSETS 345,492 350,613
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,927,095

2,098,216

PROVISIONS FOR LIABILITIES 208,111 249,361
NET ASSETS 1,718,984 1,848,855

CAPITAL AND RESERVES
Called up, paid and allotted share capital 9,448 9,448
Capital redemption reserve 10 1,890 1,890
Non-distributable reserve 10 747,027 940,677
Retained earnings 10 960,619 896,840
SHAREHOLDERS' FUNDS 1,718,984 1,848,855

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.

BARFORD BROTHERS LIMITED (REGISTERED NUMBER: 00459676)

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 12 May 2025 and were signed on its behalf by:





R C Horn ACA - Director


BARFORD BROTHERS LIMITED (REGISTERED NUMBER: 00459676)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 November 2024

1. STATUTORY INFORMATION

Barford Brothers Limited 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.

The presentation currency of the financial statements is the Pound Sterling, rounded to the nearest pound.

2. 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.

3. 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.

Income recognition
Income is recognised when services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 33% on reducing balance and 15% on reducing balance

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Investments
Investments are recognised initially at cost which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably.

BARFORD BROTHERS LIMITED (REGISTERED NUMBER: 00459676)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

5. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST
At 1 December 2023
and 30 November 2024 72,312 50,686 122,998
DEPRECIATION
At 1 December 2023 51,892 48,503 100,395
Charge for year 676 324 1,000
At 30 November 2024 52,568 48,827 101,395
NET BOOK VALUE
At 30 November 2024 19,744 1,859 21,603
At 30 November 2023 20,420 2,183 22,603

Included in cost of land and buildings is freehold land of £ 7,298 (2023 - £ 7,298 ) which is not depreciated.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2023 1,725,000
Revaluations (165,000 )
At 30 November 2024 1,560,000
NET BOOK VALUE
At 30 November 2024 1,560,000
At 30 November 2023 1,725,000

Investment property was valued on an open market basis on 30 November 2024 by the directors.

If investment properties had not been revalued they would have been included at historical cost totalling £608,859.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,896 6,340
Other debtors 6,078 3,286
9,974 9,626

BARFORD BROTHERS LIMITED (REGISTERED NUMBER: 00459676)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 November 2024

8. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Listed investments 301,540 287,572

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,375 1,089
Taxation and social security 29,741 13,883
Other creditors 8,841 7,840
40,957 22,812

10. RESERVES
Capital
Retained redemption Non-distributable
earnings reserve reserve Totals
£    £    £    £   

At 1 December 2023 896,840 1,890 940,677 1,839,407
Deficit for the year (129,871 ) (129,871 )
Transfers re revaluations 193,650 - (193,650 ) -
At 30 November 2024 960,619 1,890 747,027 1,709,536

11. RELATED PARTY DISCLOSURES

The directors operate loan accounts with the company. During the year, additional loans in aggregate of £1,013 were provided to the company. At the year end, the company owed the directors £5,235.