Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-30falseletting and operating of own or leased real estate.002023-07-01falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 13445875 2023-07-01 2024-06-30 13445875 2022-07-01 2023-06-30 13445875 2024-06-30 13445875 2023-06-30 13445875 c:Director1 2023-07-01 2024-06-30 13445875 d:FreeholdInvestmentProperty 2024-06-30 13445875 d:FreeholdInvestmentProperty 2023-06-30 13445875 d:CurrentFinancialInstruments 2024-06-30 13445875 d:CurrentFinancialInstruments 2023-06-30 13445875 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 13445875 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 13445875 d:ShareCapital 2024-06-30 13445875 d:ShareCapital 2023-06-30 13445875 d:RetainedEarningsAccumulatedLosses 2024-06-30 13445875 d:RetainedEarningsAccumulatedLosses 2023-06-30 13445875 c:OrdinaryShareClass1 2023-07-01 2024-06-30 13445875 c:OrdinaryShareClass1 2024-06-30 13445875 c:OrdinaryShareClass1 2023-06-30 13445875 c:FRS102 2023-07-01 2024-06-30 13445875 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 13445875 c:FullAccounts 2023-07-01 2024-06-30 13445875 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 13445875 e:PoundSterling 2023-07-01 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13445875










62BARLEY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

 
62BARLEY LIMITED
REGISTERED NUMBER: 13445875

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
508,400
508,400

Current assets
  

Debtors: amounts falling due within one year
 5 
1,320
-

Cash at bank and in hand
 6 
6,990
8,425

  
8,310
8,425

Creditors: amounts falling due within one year
 7 
(521,704)
(516,824)

Net current liabilities
  
 
 
(513,394)
 
 
(508,399)

  

Net (liabilities)/assets
  
(4,994)
1


Capital and reserves
  

Called up share capital 
 8 
1
1

Profit and loss account
  
(4,995)
-

  
(4,994)
1


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr M A Brune
Director

Date: 23 June 2025
Page 1

 
62BARLEY LIMITED
REGISTERED NUMBER: 13445875
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024


The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
62BARLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

62Barley Limited is a private company, limited by shares, registered in England and Wales, registration number 13445875. The company's registered office is 1 Red Place, London, W1K 6PL.
The presentation currency of the financial statements is the Pound Sterling (£). 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared under the going concern basis as the directors believe that the company will be able to meet its debts as and when they fall due for the foreseeable future.  This is based on the forecast cashflows and the directors' expectations of facilities that will be available to the company.

  
2.3

Turnover

Rental income from investment property leased out under operating leases is recognised in the statement of comprehensive income on an accruals basis over the term of the lease.
Premiums received to terminate rental agreement are recognised in the statement of comprehensive income when they arise.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Investment property

Investment property is measured initially at its cost, including related transaction costs such as advisory costs, notary costs, transfer taxes and borrowing costs.
After initial recognition, investment property is carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in the statement of comprehensive income.
Investment property is derecognised when it has been disposed of or when the investment property is permanently withdrawn from use and no future economic benefit is expected from its disposal. Gains and losses on disposal of the investment property is recognised in the statement of comprehensive income in the year of disposal.

Page 3

 
62BARLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Basic financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are
Page 4

 
62BARLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.9
Financial instruments (continued)

initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).

Page 5

 
62BARLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
508,400



At 30 June 2024
508,400

The 2024 valuations were made by directors' valuation, on an open market value for existing use basis.





If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost

508,400
508,400


5.


Debtors

2024
2023
£
£


Prepayments and accrued income
1,320
-



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
6,990
8,425


Page 6

 
62BARLEY LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

7.


Creditors: amounts falling due within one year

2024
2023
£
£

Trade creditors
8,562
-

Amounts owed to group undertakings
509,491
509,491

Accruals and deferred income
3,651
7,333

521,704
516,824



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



1 (2023 - 1) ordinary share of £1
1
1



9.


Related party transactions

The company has a loan facility of £509,491 (2023: £509,491), repayable on demand from a fellow group company.

 
Page 7