Registered number
11020647
Barnes Property Limited
Accounts
For the Year ended
30 September 2024
Oakensen
Chartered Accountants
Bryer Ash Business Park
Trowbridge
Wiltshire
BA14 8HE
Barnes Property Limited
Registered number: 11020647
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 33,723 34,503
Tangible assets 4 2,576 4,384
Investments 5 529,582 533,181
565,881 572,068
Current assets
Debtors 6 9,902 -
Cash at bank and in hand 814 25,847
10,716 25,847
Creditors: amounts falling due within one year 7 (2,566) (5,597)
Net current assets 8,150 20,250
Total assets less current liabilities 574,031 592,318
Creditors: amounts falling due after more than one year 8 (16,470) (209)
Provisions for liabilities - (6,027)
Net assets 557,561 586,082
Capital and reserves
Called up share capital 100 100
Profit and loss account 557,461 585,982
Shareholder's funds 557,561 586,082
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 member has 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.
J C A Herbert
Director
Approved by the board on 6 June 2025
Barnes Property Limited
Notes to the Accounts
for the year ended 30 September 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 the distribution of profits from joint ventures and is recognised once payment has been received.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Computer equipment over 3 years
Furniture and fittings over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price, which is usually the invoice price, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price, which is usually the invoice price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. 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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Intangible fixed assets £
Cryptocurrency:
Cost
At 1 October 2023 34,503
At 30 September 2024 34,503
Impairment
Provided during the year 780
At 30 September 2024 780
Net book value
At 30 September 2024 33,723
At 30 September 2023 34,503
4 Tangible fixed assets
Computer equipment Furniture and fittings Total
£ £ £
Cost
At 1 October 2023 8,375 5,078 13,453
Additions 229 - 229
Disposals (6,028) - (6,028)
At 30 September 2024 2,576 5,078 7,654
Depreciation
At 1 October 2023 6,772 2,297 9,069
Charge for the year 1,022 1,015 2,037
On disposals (6,028) - (6,028)
At 30 September 2024 1,766 3,312 5,078
Net book value
At 30 September 2024 810 1,766 2,576
At 30 September 2023 1,603 2,781 4,384
5 Investments
Other
investments
£
Fair Value
At 1 October 2023 533,181
Additions 26,000
Revaluation 148,901
Disposals (178,500)
At 30 September 2024 529,582
6 Debtors 2024 2023
£ £
Deferred tax asset 9,902 -
7 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs - 2,980
Other creditors 2,566 2,617
2,566 5,597
8 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 16,470 209
9 Related party transactions
Included in creditors due after one year is an amount of £16,470 (2023: £209) which is due to the director.
10 Other information
Barnes Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
35 The Crescent
Barnes
London
SW13 0NN
Barnes Property Limited 11020647 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 J C A Herbert No description of principal activity 11020647 2022-10-01 2023-09-30 11020647 core:WithinOneYear 2023-09-30 11020647 core:AfterOneYear 2023-09-30 11020647 core:ShareCapital 2023-09-30 11020647 core:RetainedEarningsAccumulatedLosses 2023-09-30 11020647 2023-10-01 2024-09-30 11020647 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11020647 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11020647 bus:Director40 2023-10-01 2024-09-30 11020647 1 2023-10-01 2024-09-30 11020647 2 2023-10-01 2024-09-30 11020647 core:Goodwill 2023-10-01 2024-09-30 11020647 core:PlantMachinery 2023-10-01 2024-09-30 11020647 core:Vehicles 2023-10-01 2024-09-30 11020647 countries:England 2023-10-01 2024-09-30 11020647 bus:FRS102 2023-10-01 2024-09-30 11020647 bus:FilletedAccounts 2023-10-01 2024-09-30 11020647 2024-09-30 11020647 core:WithinOneYear 2024-09-30 11020647 core:AfterOneYear 2024-09-30 11020647 core:ShareCapital 2024-09-30 11020647 core:RetainedEarningsAccumulatedLosses 2024-09-30 11020647 core:Goodwill 2024-09-30 11020647 core:PlantMachinery 2024-09-30 11020647 core:Vehicles 2024-09-30 11020647 core:AdditionsToInvestments 2024-09-30 11020647 core:RevaluationsIncreaseDecreaseInInvestments 2024-09-30 11020647 core:DisposalsRepaymentsInvestments 2024-09-30 11020647 2023-09-30 11020647 core:Goodwill 2023-09-30 11020647 core:PlantMachinery 2023-09-30 11020647 core:Vehicles 2023-09-30 iso4217:GBP xbrli:pure