Barmouth Limited 31/12/2024 iXBRL

Company registration number: 09419213

Barmouth Limited

Unaudited filleted financial statements

31 December 2024

Barmouth Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Barmouth Limited

Directors and other information


	Director	Mr J D Mountain


	Company number	09419213


	Registered office	Vaughan Chambers
		Vaughan Road
		Harpenden
		Hertfordshire
		AL5 4EE


	Accountants	Hicks and Company
		Chartered Accountants
		Vaughan Chambers
		Vaughan Road
		Harpenden
		Hertfordshire
		AL5 4EE

Barmouth Limited

Chartered accountants report to the director on the preparation of the

unaudited statutory financial statements of Barmouth 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 of Barmouth Limited for the year ended 31 December 2024 which comprise the statement of financial position 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the director of Barmouth Limited, as a body, in accordance with the terms of our engagement letter dated 24 September 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Barmouth Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Barmouth Limited and its director as a body for our work or for this report.

It is your duty to ensure that Barmouth 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 Barmouth Limited. You consider that Barmouth 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 Barmouth 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.

Hicks and Company

Chartered Accountants

Vaughan Chambers

Vaughan Road

Harpenden

Hertfordshire

AL5 4EE

1 September 2025

Barmouth Limited

Statement of financial position

31 December 2024

		2024		2023
	Note	£	£	£	£

Fixed assets
Tangible assets	5	4,309,978		4,309,978
		_________		_________
			4,309,978		4,309,978

Current assets
Debtors	6	443,142		402,262
Cash at bank and in hand		124,970		339,195
		_________		_________
		568,112		741,457
Creditors: amounts falling due
within one year	7	( 2,604,165)		( 2,827,344)
		_________		_________
Net current liabilities			( 2,036,053)		( 2,085,887)
			_________		_________
Total assets less current liabilities			2,273,925		2,224,091


Provisions for liabilities			( 534,200)		( 534,200)

			_________		_________
Net assets			1,739,725		1,689,891
			_________		_________

Capital and reserves
Called up share capital			100		100
Revaluation reserve	8		1,514,279		1,514,279
Profit and loss account	8		225,346		175,512
			_________		_________
Shareholder funds			1,739,725		1,689,891
			_________		_________

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.

Director's responsibilities:

- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The director acknowledges 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 and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

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

These financial statements were approved by the board of directors and authorised for issue on 01 September 2025 , and are signed on behalf of the board by:

Mr J D Mountain

Director

Company registration number: 09419213

Barmouth Limited

Notes to the financial statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is Vaughan Chambers, Vaughan Road, Harpenden, Hertfordshire, AL5 4EE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in 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 financial assets and investment properties measured at fair value through profit or loss.The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The accounts have been prepared on a going concern basis which assumes the continued support of the company's creditors.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents rents receivable for the year.

Taxation

The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.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.Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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, except to the extent 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 in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

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.

Provisions

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.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2023: 1 ).

5. Tangible assets

	Freehold property	Total
	£	£
Cost
At 1 January 2024 and 31 December 2024	4,309,978	4,309,978
	_________	_________
Depreciation
At 1 January 2024 and 31 December 2024	-	-
	_________	_________
Carrying amount
At 31 December 2024	4,309,978	4,309,978
	_________	_________
At 31 December 2023	4,309,978	4,309,978
	_________	_________

Freehold investment properties have been valued by the director at their fair value at the year end. The historical cost of the freehold properties included above was £2,073,999 (2023 - £2,079,999).

6. Debtors

	2024	2023
	£	£
Trade debtors	13,856	10,381
Other debtors	429,286	391,881
	_________	_________
	443,142	402,262
	_________	_________

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	1,473	1,736
Corporation tax	13,203	11,646
Other creditors	2,589,489	2,813,962
	_________	_________
	2,604,165	2,827,344
	_________	_________

Bank loans are secured on the company's investment properties.

8. Reserves

Revaluation reserve:This is a non-distributable reserve that relates to the revaluation of the investment properties.Profit and loss account:This relates to distributable accumulated retained earnings net of accumulated losses.

9. Directors advances, credits and guarantees

	During the year the director entered into the following advances and credits with the company:

2024
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr J D Mountain	( 123,474)	( 1,113)	( 124,587)
		_________	_________	_________

2023
		Balance brought forward	Advances /(credits) to the director	Balance o/standing
		£	£	£
	Mr J D Mountain	( 26,905)	( 96,569)	( 123,474)
		_________	_________	_________