Registration number: 01010056

Barrett Estate Services Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 8

Barrett Estate Services Limited

Company Information

Directors

E M C Barrett D W J Barrett S C Barrett E W J Barrett Z I Barrett T D C Barrett

 

Company secretary

D W J Barrett

Registered office

Armour House Colthrop Lane Thatcham Berkshire RG19 4PD

 

Accountants

Vale & West Accountancy Services Limited Chartered AccountantsVictoria House 26 Queen Victoria House Reading Berkshire RG1 1TG

Barrett Estate Services Limited

(Registration number: 01010056)
Balance Sheet as at 31 December 2024

	Note	31 December 2024 £	31 December 2023 £
Fixed assets
Tangible assets	4	55,847	22,518
Investment property	5	7,215,035	7,215,035
		7,270,882	7,237,553
Current assets
Debtors	6	766,529	825,546
Cash at bank and in hand		120,409	153,329
		886,938	978,875
Creditors: Amounts falling due within one year	7	(745,084)	(721,130)
Net current assets		141,854	257,745
Total assets less current liabilities		7,412,736	7,495,298
Creditors: Amounts falling due after more than one year	7	(290,424)	(515,159)
Provisions for liabilities		(717,268)	(708,029)
Net assets		6,405,044	6,272,110
Capital and reserves
Called up share capital		83,259	83,259
Capital redemption reserve		42,751	42,751
Revaluation reserve		3,486,759	3,486,759
Retained earnings		2,792,275	2,659,341
Shareholders' funds		6,405,044	6,272,110

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.

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 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 11 September 2025 and signed on its behalf by:

......................................... E W J Barrett Director

Barrett Estate Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1	General information

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

The address of its registered office is Armour House, Colthrop Lane, Thatcham, Berkshire, RG19 4PD, United Kingdom.

These financial statements were authorised for issue by the Board on 11 September 2025.

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.

The financial statements are presented in Pound Sterling (£), which is also the functional currency of the company.

Going concern

The directors are not aware of any material uncertainties that may cast significant doubt over the ability of the company to continue trading. The preparation of the financial statements on the going concern basis is therefore deemed appropriate.

Critical accounting judgements

The preparation of accounts under FRS 102 requires management to make judgements, estimates and assumptions that affect the value of the turnover and profit reported in the profit and loss statement for the financial year and the value of assets and liabilities recorded in the balance sheet.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both the current and future periods.

The area requiring a higher degree of judgement or where assumptions and estimates are significant to the accounts is the valuation of investment property.

Valuation of investment property

As described in note 6 to the financial statements, investment property is stated at fair value based on the valuation performed by the directors who are experienced in the location and category of property valued.The directors valuers have used observable market prices adjusted as necessary for any difference in the future, location and condition of the property. .

Barrett Estate Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Revenue recognition

Revenue (described as Turnover) is measured at the fair value of consideration received or receivable. Revenue from property rental income and related service charge income is recognised as it becomes receivable under leasehold agreements. Management fees are recognised when they become receivable having regard to satisfactory completion of projects. Revenue is stated net of value added tax, rebates and similar allowances.

Tax

Tax on profit represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from the profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the year.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities and the corresponding tax bases used to compute taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for temporary differences to the extent that it is probable that taxable profits will be available to utilise the timing difference.

Deferred tax liabilities and assets are measured at tax rates that are expected to apply in the period the liability is settled or the asset realised. The measurement of deferred tax liabilities and assets reflects the tax consequences in which the company expects to recover or settle the underlying amount of its assets and liabilities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

At each reporting date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication of impairment. Any impairment is charged to profit or loss

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
Motor vehicles	25% on reducing balance basis
Plant and machinery	25% on reducing balance basis

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.

Barrett Estate Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

2	Accounting policies (continued)

Trade debtors

Trade debtors are amounts due from customers for services provided.

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. Trade creditors 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 and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are paid.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

Barrett Estate Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

4	Tangible assets

	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 January 2024	127,308	75,715	203,023
Additions	-	65,489	65,489
Disposals	(127,308)	(51,500)	(178,808)
At 31 December 2024	-	89,704	89,704
Depreciation
At 1 January 2024	127,308	53,197	180,505
Charge for the year	-	14,375	14,375
Eliminated on disposal	(127,308)	(33,715)	(161,023)
At 31 December 2024	-	33,857	33,857
Carrying amount
At 31 December 2024	-	55,847	55,847
At 31 December 2023	-	22,518	22,518

5	Investment properties

	31 December 2024 £
Fair value
At 1 January	7,215,035
At 31 December	7,215,035

If investment property had not been revalued it would have been included at historical cost of £3,015,976 (2023: £3,015,976).

Investment property was valued on an open market basis on 31 December 2024 by the Directors.

Barrett Estate Services Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024 (continued)

6

Debtors

	31 December 2024 £	31 December 2023 £
Trade debtors	111,901	105,524
Other debtors	590,000	640,975
Prepayments	64,628	79,047
	766,529	825,546

7

Creditors

Creditors: amounts falling due within one year

		31 December 2024 £	31 December 2023 £
Loans and borrowings		224,735	218,189
Trade creditors		35,425	28,603
Taxation and social security		86,230	73,699
Accruals and deferred income		173,036	178,126
Other creditors		225,658	222,513
		745,084	721,130