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REGISTERED NUMBER: 14608107 (England and Wales)



















Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Barkers Lettings Ltd

Barkers Lettings Ltd (Registered number: 14608107)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Barkers Lettings Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: A W Barker
Mrs M R Barker





REGISTERED OFFICE: The Mills
Canal Street
Derby
Derbyshire
DE1 2RJ





REGISTERED NUMBER: 14608107 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
Chartered Accountants
The Mills
Canal Street
Derby
DE1 2RJ

Barkers Lettings Ltd (Registered number: 14608107)

Balance Sheet
31 January 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 130,000 124,914

CURRENT ASSETS
Debtors 5 4,017 4,189
Cash at bank 3,866 3,627
7,883 7,816
CREDITORS
Amounts falling due within one year 6 43,118 42,704
NET CURRENT LIABILITIES (35,235 ) (34,888 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

94,765

90,026

CREDITORS
Amounts falling due after more than one
year

7

(90,573

)

(90,573

)

PROVISIONS FOR LIABILITIES 9 (966 ) -
NET ASSETS/(LIABILITIES) 3,226 (547 )

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 4,120 -
Retained earnings 10 (994 ) (647 )
3,226 (547 )

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

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

Barkers Lettings Ltd (Registered number: 14608107)

Balance Sheet - continued
31 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 April 2025 and were signed on its behalf by:





A W Barker - Director


Barkers Lettings Ltd (Registered number: 14608107)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Barkers Lettings Ltd 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.

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 rents receivable from investment properties and is recognised as it falls due.

Investment property
Investment property is not depreciated but is valued annually at its fair value in accordance with the Financial Reporting Standard 102 (Section 1A). Any aggregate or surplus arising from changes in fair value is recognised in the profit and loss account and is transferred to a fair value reserve.

Deferred tax
Provision is made at current rates for taxation deferred in respect of all material timing differences, including provisions made for potential tax arising on assets which have been revalued.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2024 124,914
Revaluations 5,086
At 31 January 2025 130,000
NET BOOK VALUE
At 31 January 2025 130,000
At 31 January 2024 124,914

Fair value at 31 January 2025 is represented by:
£   
Valuation in 2025 130,000

Barkers Lettings Ltd (Registered number: 14608107)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

4. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2025 2024
£    £   
Cost 124,914 124,914
Aggregate depreciation (4,164 ) (1,665 )

The investment property was valued on fair value basis on 31 January 2025 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Prepayments 4,017 4,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 1,620 -
Owed to related parties 30,155 30,155
Directors' current accounts 9,603 10,929
Accrued expenses 1,740 1,620
43,118 42,704

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Other loans -more than 5 years 90,573 90,573

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Other loans -more than 5 years 90,573 90,573

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Other loans 90,573 90,573

The loan is secured against the investment property.

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 966 -

Barkers Lettings Ltd (Registered number: 14608107)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Provided during year 966
Balance at 31 January 2025 966

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 February 2024 (647 ) - (647 )
Profit for the year 3,773 3,773
Transfer investment property
revaluation

(5,086

)

5,086

-

Transfer deferred tax movement 966 (966 ) -
At 31 January 2025 (994 ) 4,120 3,126