Company No: 08716238 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

Director	R M Harris (Resigned 25 April 2024)
	L G Marks

Secretary

I Gadhile

Registered office	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA
	United Kingdom

Company number

08716238 (England and Wales)

Accountant	Kreston Reeves LLP
	2nd Floor
	168 Shoreditch High Street
	London
	E1 6RA

	Note	2024		2023
		£		£
Fixed assets
Investments	3	7,543,001		7,121,356
		7,543,001		7,121,356
Current assets
Debtors	4	1,952,074		1,742,947
Cash at bank and in hand		508,921		1,410,191
		2,460,995		3,153,138
Creditors: amounts falling due within one year	5	( 9,976,130)		( 10,639,983)
Net current liabilities		(7,515,135)		(7,486,845)
Total assets less current liabilities		27,866		(365,489)
Net assets/(liabilities)		27,866		( 365,489)
Capital and reserves
Called-up share capital	6	100		100
Profit and loss account		27,766		( 365,589 )
Total shareholders' funds/(deficit)		27,866		( 365,489)

For the financial 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 members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Barbridge Investments Limited (registered number: 08716238) were approved and authorised for issue by the Director on 19 September 2025. They were signed on its behalf by:

L G Marks Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Barbridge Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 2nd Floor, 168 Shoreditch High Street, London, E1 6RA, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

Despite the company reporting net current liabilities of £7,515,135 (2023: £7,486,845) 31 December 2024, the financial statements have been prepared on a going concern basis. Included within "Creditors: Amounts due within one year" are amounts totalling £9,970,369 (2023: £10,637,223) due to group companies and connected parties. The director has confirmed that these amounts would not be called for repayment until the company has sufficient cash reserves to do so, without prejudice to the company's other creditors.

For this reason, the director continues to adopt the going concern basis in preparing the financial statements.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.

Foreign currency

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Taxation

Current tax
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Trade and other debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Trade and other creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments" of FRS 102 to all of its financial instruments.

Investments
Investments in subsidiaries are measured at cost less accumulated impairment.

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Profit and loss account for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Fixed asset investments

	2024		2023
	£		£
Subsidiary undertakings	6,800,000		6,400,000
Other investments and loans	761,600		707,785
	7,561,600		7,107,785

Investments in subsidiaries

	2024
	£
Cost
At 01 January 2024	7,008,563
At 31 December 2024	7,008,563
Provisions for impairment
At 01 January 2024	608,563
Reversal of impairment	( 400,000)
At 31 December 2024	208,563
Carrying value at 31 December 2024	6,800,000
Carrying value at 31 December 2023	6,400,000

	Listed investments		Other investments		Total
	£		£		£
Cost or valuation before impairment
At 01 January 2024	164,717		556,639		721,356
Additions	0		30,000		30,000
Disposals	( 6,477)		0		( 6,477)
Movement in fair value	( 18,599)		15,003		( 3,596)
Foreign exchange Movement	2,320		0		2,320
Share of profits	(602)		0		(602)
At 31 December 2024	141,359		601,642		743,001
Carrying value at 31 December 2024	141,359		601,642		743,001
Carrying value at 31 December 2023	164,717		556,639		721,356

4. Debtors

	2024		2023
	£		£
Amounts owed by Group undertakings	1,951,974		1,712,614
Corporation tax	0		30,233
Other debtors	100		100
	1,952,074		1,742,947

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Amounts owed to Group undertakings	6,816,216		6,673,157
Accruals	5,761		2,760
Other creditors	3,154,153		3,964,066
	9,976,130		10,639,983

6. Called-up share capital

	2024		2023
	£		£
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each	100		100

7. Related party transactions

As at the balance sheet date the company owed a former director of the company £3,154,153 (2023: £3,964,066), which is included within 'Creditors: Other Creditors' in Note 5.

8. Other financial commitments

The company has a financial commitment of $17,500 for an investment fund as the funds are called up.

9. Ultimate controlling party

The company is under the control of the director.