Registered number
10784429
Barchester Holdings Limited
Filleted Accounts
24 March 2024
Barchester Holdings Limited
Registered number: 10784429
Balance Sheet
as at 24 March 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 1,385,970 1,385,970
Current assets
Cash at bank and in hand 29,876 -
Creditors: amounts falling due within one year 4 (13,367) (404)
Net current assets/(liabilities) 16,509 (404)
Total assets less current liabilities 1,402,479 1,385,566
Creditors: amounts falling due after more than one year 5 (1,295,225) (1,292,650)
Net assets 107,254 92,916
Capital and reserves
Called up share capital 1 1
Profit and loss account 107,253 92,915
Shareholders' funds 107,254 92,916
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Charanjeet Singh Gulati
Director
Approved by the board on 29 May 2025
Barchester Holdings Limited
Notes to the Accounts
for the year ended 24 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rent receivable on the investment property of the company.
Investment property
Investment properties are held to earn rental income and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on a ongoing basis are measured at a fair value. Gains and losses arising from changes in the fair value of investment properties are included in the profit or loss in the period in which they arise.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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 reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Investments Investments
Property
£
Cost
At 25 March 2023 1,385,970
At 24 March 2024 1,385,970
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 404 404
Taxation and social security costs 3,363 -
Other creditors 2,400 -
Director's account 7,200 -
13,367 404
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 995,225 992,650
Shareholder`s loan 300,000 300,000
1,295,225 1,292,650
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 995,225 992,650
The bank loans are secured by way of charge over the assets of the company and contains a covenant of equal coverage.
7 Other information
Barchester Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
37 Orchard Waye
Uxbridge
England
UB8 2BW
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