BARKER__EVANS_HOLDINGS_LIMITED_31_Dec_2024_companies_house_set_of

BARKER & EVANS HOLDINGS LIMITED

Report to the board of directors on the preparation of the unaudited statutory financial statements of BARKER & EVANS HOLDINGS LIMITED

Year ended

31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements

BARKER & EVANS HOLDINGS LIMITED

for the year ended

31 December 2024

which comprise the income statement, statement of financial position, statement of changes in equity and related notes from the company’s accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Members/Doc/rule/2018-rulebook.pdf.

This report is made solely to the Board of Directors of

BARKER & EVANS HOLDINGS LIMITED

, as a body, in accordance with the terms of our engagement letter dated 15 August 2024. Our work has been undertaken solely to prepare for your approval the

financial statements

BARKER & EVANS HOLDINGS LIMITED

and state those matters that we have agreed to state to the Board of Directors of

BARKER & EVANS HOLDINGS LIMITED

, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than

BARKER & EVANS HOLDINGS LIMITED

and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that

BARKER & EVANS HOLDINGS LIMITED

has kept adequate accounting records and to prepare statutory

financial statements

that give a true and fair view of the assets, liabilities, financial position and profit of

BARKER & EVANS HOLDINGS LIMITED

. You consider that

BARKER & EVANS HOLDINGS LIMITED

is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of BARKER & EVANS HOLDINGS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Christie Holyland Limited

Chartered Certified Accountants

Date:

27 June 2025

BARKER & EVANS HOLDINGS LIMITED

Statement of Financial Position

31 December 2024

		2024		2023
	Note	£		£
Fixed assets
Tangible assets	5	885,000		620,000
Investments	6	2,000		2,000
		887,000		622,000
Current assets
Debtors	7	2,602		2,935
Investments	8	508,680		485,275
Cash at bank and in hand		779,640		403,688
		1,290,922		891,898
Creditors: amounts falling due within one year	9	(40,357	)	(3,778	)
Net current assets		1,250,565		888,120
Total assets less current liabilities		2,137,565		1,510,120
Provisions for liabilities		(1,387	)	(68,338	)
Net assets		2,136,178		1,441,782
Capital and reserves
Called up share capital		4,000		4,000
Revaluation reserve		-		391,464
Profit and loss account		2,132,178		1,046,318
Shareholders funds		2,136,178		1,441,782

For the year ending

31 December 2024

, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

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 Act 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.

In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.

These

financial statements

were approved by the board of directors and authorised for issue on

27 June 2025

, and are signed on behalf of the board by:

Mr Andrew James Barker

Director

Company registration number:

14669790

BARKER & EVANS HOLDINGS LIMITED

Notes to the Financial Statements

Year ended

31 December 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is

Wykham Mill

Vantage Business Park, Bloxham Road

Banbury

Oxfordshire

OX16 9UX

, United Kingdom.

2 Statement of compliance

These

financial statements

have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The

financial statements

have been prepared on the historical cost basis, as modified by the revaluation of certain assets.

The

financial statements

are prepared in sterling, which is the functional currency of the company.

Consolidation

The entity has taken advantage of the option not to prepare consolidated

financial statements

contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.

Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.

Investment properties

Investment properties are measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment properties are revalued to their fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Fixed asset investments

Investments in subsidiaries, associates and joint ventures accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses.

Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Current assets investments comprise a portfolio of listed investments. The portfolio is held by and managed by fund managers who are independent of but working within investment parameters and general principles laid down by the directors. The balances and transactions reflected in the financial statements are based on information provided by the fund managers, with assets valued at the balance sheet date on a "mid-market" price where available, or otherwise on a fair value basis.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

Provisions for liabilities

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

4 Average number of employees

The average number of persons employed by the company during the year was Nil (2023: Nil).

5 Tangible assets

	Land and buildings
	£
Cost
At 1 January 2024	620,000
Additions	785,000
Disposals	(520,000	)
At 31 December 2024	885,000
Depreciation
At 1 January 2024 and 31 December 2024	-
Carrying amount
At 31 December 2024	885,000
At 31 December 2023	620,000

Investment property

Included in land and buildings are the following amounts in relation to investment properties:

	2024
	£
Carrying amount at 1 January 2024	620,000.00
Disposals	(520,000	)
Carrying amount at 31 December 2024	100,000

The investment properties were transferred to the company from the subsidiary in December 2023 by dividend in specie and applying group relief provisions. The investment properties were valued by Messrs. Wild Property Consultancy, Chartered Surveyors in July 2022. All valuations reflect the open market value at the time of the transfer. The original cost of these properties in the subsidiary amounted to £328,789 and the surplus on revaluation has been credited to revaluation reserve. The investment properties are not subject to depreciation.

6 Investments

	Shares in group undertakings and participating interests
	£
Cost
At 1 January 2024	2,000
At 31 December 2024	2,000
Impairment
At 1 January 2024 and 31 December 2024	-
Carrying amount
At 31 December 2024	2,000
At 31 December 2023	2,000

On 8th March 2023 the company acquired the whole of the share capital in Barker & Evans Limited (company number 01037073) by means of a share for share exchange. The principal activity of Barker & Evans Limited is the provision of industrial plumbing, heating and air-conditioning services.

7 Debtors

	2024	2023
	£	£
Trade debtors	100	236
Other debtors	2,502	2,699
	2,602	2,935

8 Investments

	2024		2023
	£		£
Other current asset investments	508,680		485,275

9 Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	-	1,283
Taxation and social security	36,751	270
Other creditors	3,606	2,225
	40,357	3,778

10 Related party transactions

During the year the company entered into the following transactions with related parties:

	Year to 31 Dec 2024		Period from 17 Feb 2023 to 31 Dec 2023
	£		£
Subsidiary company	785,000		1,488,345

All transactions are dividends received from the subsidiary company. These comprise

- 2024 dividend in specie in September 2024 for freehold property comprising the company's registered office.

- 2023 dividends in specie for the current asset investment portfolio on 8th June 2023 (£468,345); and investment properties on 4th December 2023 (£620,000) - and additional cash dividends totalling £400,000.

11 Controlling party

The company is under the control of the directors.