REGISTERED NUMBER: 03306637 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 SEPTEMBER 2024

FOR

M J BARRETT GROUP LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

M J Barrett

REGISTERED OFFICE:

C/o M J Barrett Esq.

Brookside Business Park

Brookside Road Uttoxeter

Staffordshire

ST14 8AT

REGISTERED NUMBER:

03306637 (England and Wales)

ACCOUNTANTS:

Crowe U.K. LLP

Black Country House

Rounds Green Road

Oldbury

West Midlands

B69 2DG

FIXED ASSETS

Investments

4

2,000,110

2,000,110

CURRENT ASSETS

Debtors

5

9,062,322

8,202,050

Cash at bank

1,000

78

9,063,322

8,202,128

CREDITORS

Amounts falling due within one year

6

9,460,461

8,702,603

NET CURRENT LIABILITIES

(397,139

)

(500,475

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,602,971

1,499,635

CAPITAL AND RESERVES

Called up share capital

150,000

150,000

Retained earnings

1,452,971

1,349,635

1,602,971

1,499,635

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 September 2025 and were signed by:

M J Barrett - Director

1.	STATUTORY INFORMATION

M J Barrett Group Limited is a private limited company (registered number 03306637), which is incorporated in England and Wales. The trading address and registered office is Brookside Business Park, Brookside Road Uttoxeter, Uttoxeter, Staffordshire ST14 8AT.

The company is the parent entity of a small group. The principal activity of M J Barrett Group Limited is to provide management services to its subsidiaries.

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 made up of group management charges recharged to subsidiaries of the company.

Investments in associates

Investments in subsidiaries are measured at cost less accumulated impairment.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

Due to cross guarantees throughout the Group, going concern of the Company is dependent on the performance of the Group overall. After reviewing the Group's forecast and projections for the next 12 months, the Directors are confident that the Group has adequate resources to continue for the foreseeable future. The Group therefore continues to adopt the going concern basis in preparing its financial statements. The Group has external financing facilities for growth and development purposes. The Group’s strategy and projections continue to include the realisation of various none core assets over the next 12 to 18 months to reduce bank debt, provide additional working capital and fund profitable development opportunities.

Finance and borrowing costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

Cost

At 29 September 2023

and 28 September 2024

2,000,110

Net book value

At 28 September 2024

2,000,110

At 28 September 2023

2,000,110

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Rotarad Limited

Registered office: England and Wales

Nature of business: Other business support service activities

%

Class of shares:

holding

Ordinary

The shareholdings in Rotarad Limited at 28/09/2024 were £NIL, due to Rotarad Limited liquidating on 21/09/2024.

M J Barrett (Developments) Limited

Registered office: England and Wales

Nature of business: Buying and selling of own real estate

%

Class of shares:

holding

Ordinary

100.00

M J Barrett Construction (Staffs) Limited

Registered office: England and Wales

Nature of business: Construction of commercial buildings

%

Class of shares:

holding

Ordinary

100.00

M J B (Dovefields) Limited

Registered office: England and Wales

Nature of business: Buying and selling of own real estate

%

Class of shares:

holding

Ordinary

100.00

Scentarea Limited

Registered office: England and Wales

Nature of business: Buying and selling of own real estate

%

Class of shares:

holding

Ordinary

100.00

Systemshare Limited

Registered office: England and Wales

Nature of business: Other letting and operating of real estate

%

Class of shares:

holding

Ordinary

100.00

Doveleys Garden Centre Limited

Registered office: England and Wales

Nature of business: Retail sale of flowers, plants, seeds etc.

%

Class of shares:

holding

Ordinary

100.00

Cobalt Construction Limited

Registered office: England and Wales

Nature of business: Construction of civil engineering projects

%

Class of shares:

holding

Ordinary

100.00

Linkbox Limited

Registered office: England and Wales

Nature of business: Buying and selling of own real estate

%

Class of shares:

holding

Ordinary

100.00

Courtrelay Limited

Registered office: England and Wales

Nature of business: Buying and selling of own real estate

%

Class of shares:

holding

Ordinary

100.00

Blythe Business Park Limited

Registered office: England and Wales

Nature of business: Buying/selling/letting own real estate

%

Class of shares:

holding

Ordinary

100.00

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,360

6,000

Amounts owed by group undertakings

7,612,128

7,519,720

Other debtors

1,447,834

676,330

9,062,322

8,202,050

The maximum amount outstanding, by a director, during the year was £1,045,383 (2024: £545,383).

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade creditors

127,851

125,563

Amounts owed to group undertakings

6,428,813

5,966,724

Taxation and social security

2,892,157

2,522,465

Other creditors

11,640

87,851

9,460,461

8,702,603

7.	ULTIMATE CONTROLLING PARTY

During the year, the company was under the control of Mr M J Barrett.