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REGISTERED NUMBER: 07210729 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

BARRY SYKES ENTERPRISES LIMITED

BARRY SYKES ENTERPRISES LIMITED (REGISTERED NUMBER: 07210729)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


BARRY SYKES ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2025







DIRECTORS: T S Sykes
B Sykes
Mrs B A Sykes





REGISTERED OFFICE: 128 Netheroyd Hill Road
Huddersfield
West Yorkshire
HD2 2LX





REGISTERED NUMBER: 07210729 (England and Wales)





ACCOUNTANTS: Brosnans
Chartered Accountants
Birkby House
Bailiff Bridge
Brighouse
West Yorkshire
HD6 4JJ

BARRY SYKES ENTERPRISES LIMITED (REGISTERED NUMBER: 07210729)

BALANCE SHEET
31 MARCH 2025

2025 2024
Notes £    £   
FIXED ASSETS
Tangible assets 4 81,018 80,114
Investment property 5 7,910,000 6,040,000
7,991,018 6,120,114

CURRENT ASSETS
Debtors 6 27,386 32,391
Cash at bank 160,420 5,005
187,806 37,396
CREDITORS
Amounts falling due within one year 7 (3,545,044 ) (3,282,797 )
NET CURRENT LIABILITIES (3,357,238 ) (3,245,401 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,633,780

2,874,713

CREDITORS
Amounts falling due after more than
one year

8

(2,426,161

)

(2,111,450

)

PROVISIONS FOR LIABILITIES (18,302 ) (14,745 )
NET ASSETS 2,189,317 748,518

BARRY SYKES ENTERPRISES LIMITED (REGISTERED NUMBER: 07210729)

BALANCE SHEET - continued
31 MARCH 2025

2025 2024
Notes £    £   
CAPITAL AND RESERVES
Called up share capital 10 1 1
Revaluation reserve 11 1,832,991 356,484
Retained earnings 356,325 392,033
SHAREHOLDERS' FUNDS 2,189,317 748,518

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 26 June 2025 and were signed on its behalf by:





T S Sykes - Director


BARRY SYKES ENTERPRISES LIMITED (REGISTERED NUMBER: 07210729)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1. STATUTORY INFORMATION

Barry Sykes Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

INVESTMENT PROPERTY
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


BARRY SYKES ENTERPRISES LIMITED (REGISTERED NUMBER: 07210729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

2. ACCOUNTING POLICIES - continued
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.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2024 112,481
Additions 7,419
At 31 March 2025 119,900
DEPRECIATION
At 1 April 2024 32,367
Charge for year 6,515
At 31 March 2025 38,882
NET BOOK VALUE
At 31 March 2025 81,018
At 31 March 2024 80,114

BARRY SYKES ENTERPRISES LIMITED (REGISTERED NUMBER: 07210729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2024 6,040,000
Additions 393,493
Revaluations 1,476,507
At 31 March 2025 7,910,000
NET BOOK VALUE
At 31 March 2025 7,910,000
At 31 March 2024 6,040,000

The investment property is valued on the basis of it's market value by Mr TS Sykes a director.

Fair value at 31 March 2025 is represented by:
£   
Valuation in 2023 5,945,000
Valuation in 2024 95,000
Valuation in 2025 1,870,000
7,910,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 7,387 6,877
Other debtors 19,999 25,514
27,386 32,391

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 157,925 111,908
Hire purchase contracts 3,622 3,622
Trade creditors 11,203 10,911
Taxation and social security 5,499 15,572
Other creditors 3,366,795 3,140,784
3,545,044 3,282,797

Other Creditors includes a loan from the director, Mr T S Sykes, of £3,143,402 (2024 - £3,034,483). Mr Sykes does not expect repayment of this loan within the next 12 months.

BARRY SYKES ENTERPRISES LIMITED (REGISTERED NUMBER: 07210729)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2025

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 2,400,000 2,081,667
Hire purchase contracts 26,161 29,783
2,426,161 2,111,450

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank overdrafts 157,925 101,908
Bank loans 2,400,000 2,091,667
2,557,925 2,193,575

The bank loan and overdraft are secured by the investment property of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1 Ordinary 1 1 1

11. RESERVES
Revaluation
reserve
£   
At 1 April 2024 356,484
Revaluation of property 1,476,507

At 31 March 2025 1,832,991

12. ULTIMATE CONTROLLING PARTY

The controlling party is T S Sykes.