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Registered number: 12703588














BARRWELL PROPERTY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED  31 MARCH 2025

 
BARRWELL PROPERTY LIMITED
 

CONTENTS



Page
Statement of financial position
 
1 - 2
Notes to the financial statements
 
3 - 6


 
BARRWELL PROPERTY LIMITED
REGISTERED NUMBER:12703588

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 5 
402,889
398,545

Current assets
  

Debtors: amounts falling due within one year
 6 
1,955
558

Cash at bank and in hand
  
39,374
41,689

  
41,329
42,247

Current liabilities
  

Creditors: amounts falling due within one year
 7 
(3,908)
(4,109)

Net current assets
  
 
 
37,421
 
 
38,138

Creditors: amounts falling due after more than one year
 8 
(439,000)
(435,055)

  

Net assets
  
1,310
1,628


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
1,308
1,626

  
1,310
1,628


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.

Page 1

 
BARRWELL PROPERTY LIMITED
REGISTERED NUMBER:12703588
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2025

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 on 30 July 2025.



G Barr
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
BARRWELL PROPERTY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

1.


General information

Barrwell Property Limited is a limited liability company registered in England and Wales. Its registered office and principal place of business is 24 Pheasants Way, Rickmansworth, Hertfordshire, WD3 7ES.
The principal activity of the company during the year was the letting of an investment property. 
The company's functional and presentational currency is £ 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

Turnover

Turnover comprises rent receivable during the period, exclusive of Value Added Tax (where applicable).
Rent is recognised in the period in which the properties are occupied.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.


 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 3

 
BARRWELL PROPERTY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on the following basis:

Fixtures and fittings
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Investment property

Investment property is carried at fair value determined annually by the directors 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. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.7

Basic financial instruments

The company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, and loans with related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Cash and cash equivalents comprise cash balances and call deposits. 


 
2.8

Dividends

Equity dividends are recognised when they become legally payable.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

Page 4

 
BARRWELL PROPERTY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

4.


Tangible fixed assets





Fixtures and fittings

£



Cost


At 1 April 2024
1,268



At 31 March 2025

1,268



Depreciation


At 1 April 2024
1,268



At 31 March 2025

1,268



Net book value



At 31 March 2025
-



At 31 March 2024
-


5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2024
398,545


Additions at cost
4,344



At 31 March 2025
402,889

The 2025 valuations were made by the directors, on an open market value for existing use basis.






Page 5

 
BARRWELL PROPERTY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025

6.


Debtors

2025
2024
£
£


Prepayments and accrued income
1,955
558



7.


Creditors: Amounts falling due within one year

2025
2024
£
£

Trade creditors
91
-

Taxation and social security
160
549

Accruals and deferred income
3,657
3,560

3,908
4,109



8.


Creditors: Amounts falling due after more than one year

2025
2024
£
£

Other creditors
439,000
435,055



9.


Share capital

2025
2024
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1 each
2
2


 
Page 6