REGISTERED NUMBER: 15139312 (England and Wales)

BARO HOLDINGS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company information

1

Balance sheet

2

Notes to the financial statements

3

Directors:

X R Bardy

J M A Olley

Registered office:

99 Bishopsgate

London

EC2M 3XD

Registered number:

15139312 (England and Wales)

Fixed assets

Tangible assets

4

3,177

Current assets

Debtors

5

225,111

Cash at bank

37,475

262,586

Creditors

Amounts falling due within one year

6

131,232

Net current assets

131,354

Total assets less current liabilities

134,531

Provisions for liabilities

7

794

Net assets

133,737

Capital and reserves

Called up share capital

8

100

Retained earnings

133,637

Shareholders' funds

133,737

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2025 and were signed on its behalf by:

J M A Olley - Director

1.	Statutory information

Baro Holdings Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments

The company applies the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. 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.

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.

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 2 .

4.	Tangible fixed assets

Computer

equipment

£

Cost

Additions

4,765

At 31 March 2025

4,765

Depreciation

Charge for year

1,588

At 31 March 2025

1,588

Net book value

At 31 March 2025

3,177

5.

Debtors

£

Amounts falling due within one year:

VAT

11,136

Accrued income

207,324

Prepayments

3,151

221,611

£

Amounts falling due after more than one year:

Rent deposit

3,500

Aggregate amounts

225,111

6.

Creditors: amounts falling due within one year

£

Trade creditors

8,841

Corporation Tax

68,289

Other creditors

27,931

Accrued expenses

26,171

131,232

7.	Provisions for liabilities

£

Deferred tax

Accelerated capital allowances

794

Deferred tax

£

Charge to Income statement during year

794

Balance at 31 March 2025

794

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

50

A Ordinary

£1

50

50

B Ordinary

£1

50

100

9.	Transactions with directors

Included in Other creditors (Note 9) is a loan to the Company from Mr X R Bardy. The balance outstanding at the year-end was £27,930.11. The loan is interest-free and there is no set repayment date.