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REGISTERED NUMBER: 05352956 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

Funki Barn Ltd

Funki Barn Ltd (Registered number: 05352956)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Funki Barn Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTORS: G R Wilke
M A Tuivai





SECRETARY: G R Wilke





REGISTERED OFFICE: Flat 6
56 Alumhurst Road
Bournemouth
Dorset
BH4 8EU





REGISTERED NUMBER: 05352956 (England and Wales)





ACCOUNTANT: Richard Allen & Associates
21 Church Road
Parkstone
Poole
Dorset
BH14 8UF

Funki Barn Ltd (Registered number: 05352956)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,157 2,537

CURRENT ASSETS
Debtors 5 280,379 257,178
Cash at bank 1,738 3,398
282,117 260,576
CREDITORS
Amounts falling due within one year 6 290,147 284,883
NET CURRENT LIABILITIES (8,030 ) (24,307 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,873

)

(21,770

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (5,875 ) (21,772 )
SHAREHOLDERS' FUNDS (5,873 ) (21,770 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 4 June 2025 and were signed on its behalf by:





G R Wilke - Director


Funki Barn Ltd (Registered number: 05352956)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

Funki Barn Ltd 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.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024
and 28 February 2025 46,764
DEPRECIATION
At 1 March 2024 44,227
Charge for year 380
At 28 February 2025 44,607
NET BOOK VALUE
At 28 February 2025 2,157
At 29 February 2024 2,537

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other debtors 280,379 257,178

Funki Barn Ltd (Registered number: 05352956)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 1,761
Taxation and social security 3,768 3,074
Other creditors 286,379 280,048
290,147 284,883

7. RELATED PARTY DISCLOSURES

The company occupies premises owned by its parent company MIA Investments Ltd. A rent of £14,000 (2024: £14,000) was paid during the year and at the balance sheet date no amount was outstanding (2024:- nil).

At the year end the company was owed by MIA Investments Ltd £280,379 (2024: £257,178) on its intercompany loan account balance. This amount is shown in other debtors.