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W.B.BARNES(NESTON)LIMITED

Unaudited Financial Statements

for the Year Ended 31st January 2025






W.B.BARNES(NESTON)LIMITED (REGISTERED NUMBER: 00597642)






Contents of the Financial Statements
for the year ended 31st January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


W.B.BARNES(NESTON)LIMITED

Company Information
for the year ended 31st January 2025







DIRECTORS: C M Barnes
Mrs E L Barnes





SECRETARY: C M Barnes





REGISTERED OFFICE: 13 High Street
Neston
Wirral
CH64 9TY





REGISTERED NUMBER: 00597642 (England and Wales)





ACCOUNTANTS: Haines Watts Wirral Limited
1 Abbots Quay
Monks Ferry
Birkenhead
Merseyside
CH41 5LH

W.B.BARNES(NESTON)LIMITED (REGISTERED NUMBER: 00597642)

Balance Sheet
31st January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,011 1,264
Investment property 5 1,180,000 990,000
1,181,011 991,264

CURRENT ASSETS
Debtors 6 753,949 271,346
Cash at bank 7 14,163 17,054
768,112 288,400
CREDITORS
Amounts falling due within one year 8 250,351 39,046
NET CURRENT ASSETS 517,761 249,354
TOTAL ASSETS LESS CURRENT LIABILITIES 1,698,772 1,240,618

CREDITORS
Amounts falling due after more than one
year

9

(500,000

)

(250,000

)

PROVISIONS FOR LIABILITIES (113,980 ) (66,480 )
NET ASSETS 1,084,792 924,138

CAPITAL AND RESERVES
Called up share capital 15,000 15,000
Revaluation reserve 11 576,472 433,972
Retained earnings 493,320 475,166
SHAREHOLDERS' FUNDS 1,084,792 924,138

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 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.

W.B.BARNES(NESTON)LIMITED (REGISTERED NUMBER: 00597642)

Balance Sheet - continued
31st January 2025


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 9th July 2025 and were signed on its behalf by:





C M Barnes - Director


W.B.BARNES(NESTON)LIMITED (REGISTERED NUMBER: 00597642)

Notes to the Financial Statements
for the year ended 31st January 2025

1. STATUTORY INFORMATION

W.B.Barnes(Neston)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 represents net invoiced sales of goods and services and rents received from investment properties.

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 - 20% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 33% on cost

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.

Financial instruments
Debtors/creditors and directors loans (being repayable on demand) are measured at the undiscounted amount of the cash or other consideration expected to be paid.

3. EMPLOYEES AND DIRECTORS

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

W.B.BARNES(NESTON)LIMITED (REGISTERED NUMBER: 00597642)

Notes to the Financial Statements - continued
for the year ended 31st January 2025

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1st February 2024
and 31st January 2025 6,277 14,036 3,061 23,374
DEPRECIATION
At 1st February 2024 5,013 14,036 3,061 22,110
Charge for year 253 - - 253
At 31st January 2025 5,266 14,036 3,061 22,363
NET BOOK VALUE
At 31st January 2025 1,011 - - 1,011
At 31st January 2024 1,264 - - 1,264

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st February 2024 990,000
Revaluations 190,000
At 31st January 2025 1,180,000
NET BOOK VALUE
At 31st January 2025 1,180,000
At 31st January 2024 990,000

Fair value at 31st January 2025 is represented by:
£   
Valuation in 2025 690,452
Cost 489,548
1,180,000

If investment properties had not been revalued they would have been included at the following historical cost:

2025 2024
£    £   
Cost 489,548 489,548

Investment properties were valued on an open market basis on 31st January 2025 by the directors .

W.B.BARNES(NESTON)LIMITED (REGISTERED NUMBER: 00597642)

Notes to the Financial Statements - continued
for the year ended 31st January 2025

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 3,374 5,156
Other debtors 750,575 266,190
753,949 271,346

7. CASH AT BANK
2025 2024
£    £   
Bank account no. 2 14,163 17,054

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 11,364
Trade creditors 4,903 5,520
Taxation and social security 23,192 15,731
Other creditors 222,256 6,431
250,351 39,046

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Bank loans 500,000 250,000

10. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 500,000 261,364

11. RESERVES
Revaluation
reserve
£   
At 1st February 2024 433,972
Revaluation in year 142,500

At 31st January 2025 576,472

Revaluation reserve comprises of the revaluation surplus on the investment property assets.

W.B.BARNES(NESTON)LIMITED (REGISTERED NUMBER: 00597642)

Notes to the Financial Statements - continued
for the year ended 31st January 2025

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st January 2025 and 31st January 2024:

2025 2024
£    £   
C M Barnes
Balance outstanding at start of year 9,934 -
Amounts advanced 461,395 9,934
Amounts repaid (9,934 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 461,395 9,934