Registration number: 04318892

Barton Homes Limited

(Registration number: 04318892)

Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	7,728,438	7,634,930
Current assets
Debtors	4	4,409	3,840
Cash at bank and in hand		248,643	132,657
		253,052	136,497
Creditors: Amounts falling due within one year	5	(82,577)	(86,195)
Net current assets		170,475	50,302
Total assets less current liabilities		7,898,913	7,685,232
Creditors: Amounts falling due after more than one year	5	(6,645,042)	(6,582,433)
Provisions for liabilities		(4,208)	(4,208)
Net assets		1,249,663	1,098,591
Capital and reserves
Called up share capital	7	100	100
Fair value reserve		333,509	333,509
Retained earnings		916,054	764,982
Shareholders' funds		1,249,663	1,098,591

For the financial year ending 31 March 2025 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 year 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 delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.

Barton Homes Limited

(Registration number: 04318892)

Balance Sheet as at 31 March 2025 (continued)

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 17 September 2025 and signed on its behalf by:
 

.........................................

S A Barton

Director

Barton Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	Accounting policies

Statutory information

Barton Homes Limited is a private company, limited by shares, domiciled in England and Wales, company number 04318892. The registered office is at 367 Fulwood Road, Sheffield, S10 3BS.

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

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. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover represents rents received.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Investment properties	Not depreciated
Fixtures and fittings	25% straight line
Motor vehicles	25% straight line

Investment property

Investment properties are initially recognised at purchase price plus any directly attributable costs. Measurement after initial recognition should be at fair value if that value can be measured reliably without undue cost or effort. Changes in fair value are recognised in the accumulated profit and loss reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.

Barton Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

1	Accounting policies (continued)

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.
 

2	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2024 - 4).

3	Tangible assets

	Investment Property £	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	7,617,811	8,035	24,900	7,650,746
Additions	99,733	-	-	99,733
At 31 March 2025	7,717,544	8,035	24,900	7,750,479
Depreciation
At 1 April 2024	-	8,035	7,781	15,816
Charge for the year	-	-	6,225	6,225
At 31 March 2025	-	8,035	14,006	22,041
Carrying amount
At 31 March 2025	7,717,544	-	10,894	7,728,438
At 31 March 2024	7,617,811	-	17,119	7,634,930

The fair value of the company's investment properties was revalued on 31 March 2025. An independent valuer was not involved. This class of assets has a current value of £7,717,544 (2024: £7,617,811). Had this class of asset been measured on a historical cost basis, the carrying amount would have been £7,379,827 (2024: £7,280,094).

4

Debtors

Barton Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

4	Debtors (continued)

	2025 £	2024 £
Prepayments	3,809	3,240
Other debtors	600	600
	4,409	3,840

Barton Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

5

Creditors

	2025 £	2024 £
Due within one year
Other creditors	20,807	22,990
Taxation and social security	61,770	63,205
	82,577	86,195

	2025 £	2024 £
Due after one year
Redeemable preference shares (over 5 yrs)	2,684,900	2,684,900
Other creditors	2,059,640	2,059,640
Directors loan accounts	1,900,502	1,837,893
	6,645,042	6,582,433

6	Related party transactions

During the year the directors had an interest free loan account with the company. At the balance sheet date the amount owed by the company was £1,900,502 (2024: £1,837,893). In addition the family of the directors had an interest free loan account with the company. At the balance sheet date the amount owed by the company was £2,059,640 (2024: £2,059,640).

 

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary share capital of £1 each	100	100	100	100
A Preference share capital of £1 each	1,934,900	1,934,900	1,934,900	1,934,900
B Preference share capital of £1 each	750,000	750,000	750,000	750,000
	2,685,000	2,685,000	2,685,000	2,685,000

Barton Homes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025 (continued)

7	Share capital (continued)