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REGISTERED NUMBER: 03601892 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

BARRELMAKER PROPERTIES LIMITED

BARRELMAKER PROPERTIES LIMITED (REGISTERED NUMBER: 03601892)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARRELMAKER PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2024







DIRECTORS: Mrs G A Richards
Mrs C J Cooper
Mr A P Cooper
Ms V J Uttley
Ms L S Vane Percy





SECRETARY: Mrs C J Cooper





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 03601892 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

BARRELMAKER PROPERTIES LIMITED (REGISTERED NUMBER: 03601892)

BALANCE SHEET
30 DECEMBER 2024

30.12.24 30.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 3,000,000 3,000,000
3,000,000 3,000,000

CURRENT ASSETS
Debtors 6 1,736 6,757
Cash at bank 213,706 284,004
215,442 290,761
CREDITORS
Amounts falling due within one year 7 1,723,785 1,763,899
NET CURRENT LIABILITIES (1,508,343 ) (1,473,138 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,491,657

1,526,862

CREDITORS
Amounts falling due after more than one
year

8

-

(8,650

)

PROVISIONS FOR LIABILITIES 9 (86,750 ) (86,750 )
NET ASSETS 1,404,907 1,431,462

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 1,235,013 1,235,013
Retained earnings 169,794 196,349
SHAREHOLDERS' FUNDS 1,404,907 1,431,462

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 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.

BARRELMAKER PROPERTIES LIMITED (REGISTERED NUMBER: 03601892)

BALANCE SHEET - continued
30 DECEMBER 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 and authorised for issue by the Board of Directors and authorised for issue on 9 June 2025 and were signed on its behalf by:





Mr A P Cooper - Director


BARRELMAKER PROPERTIES LIMITED (REGISTERED NUMBER: 03601892)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

1. STATUTORY INFORMATION

Barrelmaker Properties 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rent receivable from the company's investment property excluding value added
tax.

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 - 33% on cost, 25% on cost and 25% on reducing balance

Investment property
Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

BARRELMAKER PROPERTIES LIMITED (REGISTERED NUMBER: 03601892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31 December 2023
and 30 December 2024 42,461
DEPRECIATION
At 31 December 2023
and 30 December 2024 42,461
NET BOOK VALUE
At 30 December 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 December 2023
and 30 December 2024 3,000,000
NET BOOK VALUE
At 30 December 2024 3,000,000
At 30 December 2023 3,000,000

Fair value at 30 December 2024 is represented by:
£   
Valuation in 2011 291,763
Valuation in 2020 1,030,000
Cost 1,678,237
3,000,000

If the investment property had not been revalued it would have been included at the following historical cost:

30.12.24 30.12.23
£    £   
Cost 1,678,237 1,678,237

The investment property was valued on an open market basis on 30 December 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.24 30.12.23
£    £   
Trade debtors - 6,757
Other debtors 1,736 -
1,736 6,757

BARRELMAKER PROPERTIES LIMITED (REGISTERED NUMBER: 03601892)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.12.24 30.12.23
£    £   
Bank loans and overdrafts 8,681 8,415
Trade creditors 2,274 560
Taxation and social security 56,972 55,166
Other creditors 1,655,858 1,699,758
1,723,785 1,763,899

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.12.24 30.12.23
£    £   
Bank loans - 8,650

Bank loans above represents a Bounce Back loan.

9. PROVISIONS FOR LIABILITIES
30.12.24 30.12.23
£    £   
Deferred tax 86,750 86,750

Deferred
tax
£   
Balance at 31 December 2023 86,750
Balance at 30 December 2024 86,750

10. RELATED PARTY DISCLOSURES

During the year the company paid management and other recharges to a company under common control totalling £6,600 (30.12.23: £6,600).

The aggregate amount owed to the director at the balance sheet date is £1,460,183 (30.12.23: £1,436,903).

The aggregate amount owed by a company under common control at the balance sheet date is £1,307,244 (30.12.23: £1,139,029). The company has provided against this in full. The charge in the year is £168,215 (2023: £208,495).

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A P Cooper.