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Company Registration No. 14385149 (England and Wales)
Barfeie Properties Limited Unaudited accounts for the year ended 30 September 2024
Barfeie Properties Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Barfeie Properties Limited Company Information for the year ended 30 September 2024
Directors
Dr Arman Barfeie Shokoufeh Barfeie
Company Number
14385149 (England and Wales)
Registered Office
8 Penn Gardens Chislehurst BR7 5RY England
Accountants
MCC Partners 1a Saddington Street Gravesend Kent DA12 1ED
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Barfeie Properties Limited Statement of financial position as at 30 September 2024
2024
2023
Notes
£
£
Fixed assets
Investment property
4
487,167
487,167
Current assets
Cash at bank and in hand
7,878
2,119
Creditors: amounts falling due within one year
5
(6,437)
(6,093)
Net current assets/(liabilities)
1,441
(3,974)
Total assets less current liabilities
488,608
483,193
Creditors: amounts falling due after more than one year
6
(447,580)
(463,000)
Net assets
41,028
20,193
Capital and reserves
Called up share capital
100
100
Profit and loss account
40,928
20,093
Shareholders' funds
41,028
20,193
For the year ending 30 September 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 September 2025 and were signed on its behalf by
Dr Arman Barfeie Director Company Registration No. 14385149
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Barfeie Properties Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Barfeie Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 14385149. The registered office is 8 Penn Gardens, Chislehurst, BR7 5RY, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
4
Investment property
2024
£
Fair value at 1 October 2023
487,167
At 30 September 2024
487,167
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxes and social security
4,961
4,713
Loans from directors
900
900
Accruals
576
480
6,437
6,093
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
447,580
463,000
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Barfeie Properties Limited Notes to the Accounts for the year ended 30 September 2024
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -