| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| BARNSTAPLE STRAND INVESTMENTS LIMITED |
| REGISTERED NUMBER: |
| FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| FOR |
| BARNSTAPLE STRAND INVESTMENTS LIMITED |
| BARNSTAPLE STRAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00670476) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| BARNSTAPLE STRAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00670476) |
| BALANCE SHEET |
| 31 MARCH 2025 |
| 2025 | 2024 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | 10 | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 11 |
| Fair value reserve | 12 |
| Retained earnings | 12 |
| SHAREHOLDERS' FUNDS |
| BARNSTAPLE STRAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00670476) |
| BALANCE SHEET - continued |
| 31 MARCH 2025 |
| The director acknowledges her 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. |
| The financial statements were approved by the director and authorised for issue on |
| BARNSTAPLE STRAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00670476) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 1. | STATUTORY INFORMATION |
| Barnstaple Strand Investments Limited is a |
| Registered number: |
| Registered office: |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Tangible fixed assets |
| Plant and machinery | - |
| 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. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| BARNSTAPLE STRAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00670476) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| £ |
| COST |
| At 1 April 2024 |
| and 31 March 2025 |
| DEPRECIATION |
| At 1 April 2024 |
| Charge for year |
| At 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| BARNSTAPLE STRAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00670476) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2024 |
| and 31 March 2025 |
| NET BOOK VALUE |
| At 31 March 2025 |
| At 31 March 2024 |
| The original Freehold Investment Property (Original cost £60,773) was revalued at £750,000 by Phillips, Smith & Dunn Surveyors, in May 2013. The directors do not consider there to have been any change in value since that date. |
| Further Freehold Investment Properties were purchased in 2020, costing £307,760 and £422,518 respectively, and in 2023, costing £670,710 and £234,951. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Trade debtors |
| Prepayments and accrued income |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans and overdrafts |
| Corporation tax |
| Social security and other taxes |
| Directors' loan accounts | 1,195 | 1,645 |
| Accruals and deferred income |
| BARNSTAPLE STRAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00670476) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2025 | 2024 |
| £ | £ |
| Bank loans payable 2-5 years |
| Bank loans payable within more than 5 years |
1,273,648 |
1,263,189 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2025 | 2024 |
| £ | £ |
| Bank Loans | 1,290,495 | 1,293,865 |
| Charges dated 27 February 2020 and 12 May 2023, and a debenture charge dated 29 November 2019 exists between Lloyds Bank Plc and the company over its assets. |
| 10. | PROVISIONS FOR LIABILITIES |
| 2025 | 2024 |
| £ | £ |
| Deferred tax | 109,881 | 109,896 |
| Deferred |
| tax |
| £ |
| Balance at 1 April 2024 |
| Credit to Profit and loss account during year | ( |
) |
| Balance at 31 March 2025 |
| BARNSTAPLE STRAND INVESTMENTS LIMITED (REGISTERED NUMBER: 00670476) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2025 |
| 11. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2025 | 2024 |
| value: | £ | £ |
| Ordinary | £1 | 21,000 | 21,000 |
| Ordinary A - Non-equity | £1 | 1 | 1 |
| Ordinary B - Non-equity | £1 | 1 | 1 |
| Ordinary C - Non-equity | £1 | 1 | 1 |
| Ordinary D - Non-equity | £1 | 1 | 1 |
| 21,004 | 21,004 |
| 12. | RESERVES |
| Fair |
| Retained | value |
| earnings | reserve | Totals |
| £ | £ | £ |
| At 1 April 2024 | 1,107,237 |
| Profit for the year |
| Dividends | ( |
) | ( |
) |
| At 31 March 2025 | 1,106,875 |
| 13. | RELATED PARTY DISCLOSURES |
| The company paid letting agent fees of £22,453 (last year £20,425) to a company in which a director is the husband of Mrs J H Gay (director). |
| All payments are considered to be on commercial terms. |