Company registration number 13307929 (England and Wales)
BAR-AD LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
PAGES FOR FILING WITH REGISTRAR
BAR-AD LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
BAR-AD LTD (REGISTERED NUMBER: 13307929)
BALANCE SHEET
AS AT 30 APRIL 2025
30 April 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Investment property
4
690,495
690,495
Current assets
Debtors
5
6,825
1,970
Cash at bank and in hand
11,303
7,714
18,128
9,684
Creditors: amounts falling due within one year
6
(293,802)
(293,844)
Net current liabilities
(275,674)
(284,160)
Total assets less current liabilities
414,821
406,335
Creditors: amounts falling due after more than one year
7
(468,169)
(468,169)
Net liabilities
(53,348)
(61,834)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(53,448)
(61,934)
Total equity
(53,348)
(61,834)
BAR-AD LTD (REGISTERED NUMBER: 13307929)
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2025
30 April 2025
- 2 -
For the financial year ended 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 3 August 2025 and are signed on its behalf by:
Mr A Bar-Ad
Director
BAR-AD LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025
- 3 -
1
Accounting policies
Company information
Bar-Ad Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 19/21 Swan Street, West Malling, England, ME19 6JU.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of consideration received or receivable for the rental income provided in the normal course of business. The following criteria must also be met before turnover is recognised.
Turnover from a contract to provide services is recognised in the period in which the rental services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
- The amount of turnover can be measured reliably
- It is probable that the company will receive the consideration due under the contract
- the stage of completion of the contract at the end of the reporting period can be measured reliably; and
- the costs incurred and the costs to complete the contract can be measured reliably.
1.3
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss. No depreciation is provided on investment properties.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
BAR-AD LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2025
- 4 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2025
2024
Number
Number
Total
2
2
4
Investment property
2025
£
Fair value
At 1 May 2024 and 30 April 2025
690,495
Investment property comprises of £690,495. The property valuations were arrived at by the directors' best estimate.
5
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
6,825
1,970
6
Creditors: amounts falling due within one year
2025
2024
£
£
Other creditors
293,802
293,844
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
468,169
468,169
The bank loan is secured by way of a fixed charge over the investment property and contains a negative pledge.