Barry Collen (Holdings) Ltd 01129325 false 2023-09-01 2024-12-31 2024-12-31 The principal activity of the company is Other letting and operating of own or leased real estate Digita Accounts Production Advanced 6.30.9574.0 true 01129325 2023-09-01 2024-12-31 01129325 2024-12-31 01129325 bus:OrdinaryShareClass1 2024-12-31 01129325 core:RetainedEarningsAccumulatedLosses 2024-12-31 01129325 core:RevaluationReserve 2024-12-31 01129325 core:ShareCapital 2024-12-31 01129325 core:CurrentFinancialInstruments 2024-12-31 01129325 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 01129325 1 2024-12-31 01129325 bus:SmallEntities 2023-09-01 2024-12-31 01129325 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-12-31 01129325 bus:FilletedAccounts 2023-09-01 2024-12-31 01129325 bus:SmallCompaniesRegimeForAccounts 2023-09-01 2024-12-31 01129325 bus:RegisteredOffice 2023-09-01 2024-12-31 01129325 bus:Director1 2023-09-01 2024-12-31 01129325 bus:OrdinaryShareClass1 2023-09-01 2024-12-31 01129325 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-12-31 01129325 1 2023-09-01 2024-12-31 01129325 countries:England 2023-09-01 2024-12-31 01129325 1 2023-09-01 2024-12-31 01129325 2023-08-31 01129325 1 2023-08-31 01129325 2022-09-01 2023-08-31 01129325 2023-08-31 01129325 bus:OrdinaryShareClass1 2023-08-31 01129325 core:RetainedEarningsAccumulatedLosses 2023-08-31 01129325 core:RevaluationReserve 2023-08-31 01129325 core:ShareCapital 2023-08-31 01129325 core:CurrentFinancialInstruments 2023-08-31 01129325 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 01129325 1 2023-08-31 01129325 1 2022-09-01 2023-08-31 01129325 1 2022-08-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 01129325

Barry Collen (Holdings) Ltd
Filleted Unaudited Financial Statements
for the Period from 1 September 2023 to 31 December 2024

Barry Collen (Holdings) Ltd

(Registration number: 01129325)
Balance Sheet as at 31 December 2024

| Note | 31 December 2024 £ | 31 August 2023 £
Fixed assets |  |  |
Investment property | 4 | 615,000 | 615,000
Current assets |  |  |
Debtors | 5 | 315,721 | 249,289
Cash at bank and in hand |  | 144,571 | 159,706
|  | 460,292 | 408,995
Creditors: Amounts falling due within one year | 6 | (28,179) | (38,333)
Net current assets |  | 432,113 | 370,662
Net assets |  | 1,047,113 | 985,662
Capital and reserves |  |  |
Called up share capital | 7 | 1,000 | 1,000
Revaluation reserve |  | 89,300 | 89,300
Retained earnings |  | 956,813 | 895,362
Shareholders' funds |  | 1,047,113 | 985,662

For the financial period 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 accounts for the period in question in accordance with section 476; and
• | The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 15 September 2025 and signed on its behalf by:

Mr B Collen Director |  |

Barry Collen (Holdings) Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 31 December 2024

1 | General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
31 Northampton Road
Scunthorpe
North Lincolnshire
DN16 1UJ

Registration number: 01129325

2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Disclosure of long or short period

The accounts are prepared for the 15 month period ended 31 December 2024 and as such are not comparable. The period end date was changed to ease company admin.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities.
The company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Barry Collen (Holdings) Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 31 December 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary
course of business from suppliers. Accounts payable are classified as current liabilities if the company
does not have an unconditional right, at the end of the reporting period, to defer settlement of the
creditor for at least twelve months after the reporting date. If there is an unconditional right to defer
settlement for at least twelve months after the reporting date, they are presented as non-current
liabilities.
Trade creditors are recognised initially at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3 | Staff numbers

The average number of persons employed by the company (including directors) during the period was 2 (2023 - 2).

4 | Investment properties

| 31 December 2024 £
At 1 September | 615,000
At 31 December | 615,000

There has been no valuation of investment property by an independent valuer.

Barry Collen (Holdings) Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 31 December 2024

5 | Debtors

Current | 31 December 2024 £ | 31 August 2023 £
Trade debtors | 2,150 | 7,300
Prepayments | 600 | -
Other debtors | 64,537 | 64,537
Directors loan accounts | 248,434 | 177,452
| 315,721 | 249,289

6 | Creditors

| 31 December 2024 £ | 31 August 2023 £
Due within one year |  |
Trade payables | 2,990 | 11,708
Social security and other taxes | 17,894 | 11,963
Other payables | 7,295 | 14,662
| 28,179 | 38,333

7 | Share capital

Allotted, called up and fully paid shares

| 31 December 2024 | 31 August 2023
| No. | £ | No. | £
Ordinary Shares of £1 each | 1,000 | 1,000 | 1,000 | 1,000

8 | Transactions with directors

During the year, a director had an interest free loan of £248,434. The amount outstanding at the year-end, which is repayable on demand and included in current assets, was £248,434 (2023- £177,452).

Barry Collen (Holdings) Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2023 to 31 December 2024

2024 | At 1 September 2023 £ | Advances to director £ | At 31 December 2024 £
Directors' loan account | 177,452 | 70,982 | 248,434

2023 | At 1 September 2022 £ | Advances to director £ | Repayments by director £ | At 31 August 2023 £
Directors' loan account | 198,489 | 104,726 | (125,763) | 177,452