ACCOUNTS - Final Accounts

Commitments under operating leases

At 31 December 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

Registered number: 06758917

BARTS LONDON LIMITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2024

BARTS LONDON LIMITED

REGISTERED NUMBER: 06758917

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

		2024		2023
Note		£		£

Fixed assets
Tangible assets	4		4,049		-
Current assets
Debtors	5	69,373		277,842
Cash at bank and in hand		17		25
		69,390		277,867
Creditors: amounts falling due within one year	6	(72,994)		(277,422)
Net current (liabilities)/assets			(3,604)		445
Net assets			445		445

Capital and reserves
Called up share capital	100	100
Profit and loss account	345	345
	445	445

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

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

D Stirling

Director

Date: 25 September 2025

The notes on pages 2 to 5 form part of these financial statements.

Page 1

BARTS LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1.	General information

Barts London Limited is a private company, limited by shares, and incorporated in England and Wales. The Company's registered number is 06758917 and registered office address is 10 Queen Street Place, London, United Kingdom, EC4R 1AG. The Company's principal place of business is Chelsea Cloisters, Sloan Ave, London, SW3 3DW.
The principal activity of the Company is to manage the long-term leasehold of a bar.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

2.2

Going concern

The Company is reliant on the Group's cash resources to meet its obligations. Based on the availability of support to date and the conclusion within IVG's group financial statements the directors also continue to adopt the going concern basis in the preparing the Company financial statements.

2.3

Revenue

Revenue principally consists of rent and other property related costs recharged during the year. Rent and property related costs are recharged at the point in time at which they are incurred.
Revenue is measured as the fair value of the consideration recieved or recievable, excluding valued added tax.

2.4

Operating leases: the Company as lessee

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

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

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BARTS LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Short-term leasehold property

over lease term

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

2.7

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

2.8

Creditors

Short-term creditors are measured at the transaction price.

2.9

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.

Employees

The Company has no employees other than the directors, who did not receive any remuneration (2023: £nil).

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BARTS LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4.	Tangible fixed assets

		Short-term leasehold property
		£
	Cost
	Additions	4,648
	At 31 December 2024	4,648
	Depreciation
	Charge for the year	599
	At 31 December 2024	599
	Net book value
	At 31 December 2024	4,049
	At 31 December 2023	-

Debtors

					2024	2023
					£	£

Amounts owed by group undertakings	20,029	229,089
Other debtors	30,495	30,494
Prepayments	18,849	18,259
	69,373	277,842

Amounts owed by group undertakings are unsecured, interest free, and payable on demand.

Page 4

BARTS LONDON LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

6.	Creditors: amounts falling due within one year
		2024	2023
		£	£

Trade creditors	54,024	59,162
Amounts owed to group undertakings	-	200,000
Other taxation and social security	121	1
Deferred income	18,849	18,259
	72,994	277,422

Amounts owed to group undertakings were unsecured, interest free, and repaid.

Not later than 1 year	75,000	75,000
Later than 1 year and not later than 5 years	300,000	300,000
Later than 5 years	431,250	506,250
	806,250	881,250

8.	Controlling party

The Company's immediate parent undertaking is Inception Ventures Group Limited.
The Company's ultimate controlling party is D&C Group Holdings Ltd.
The smallest group in which the results of the Company are consolidated is that headed by Inception Ventures Group Limited. A full listing of companies within the Group are disclosed within the financial statements of Inception Ventures Group Limited which are available from Companies House.

9.	Auditors' information

The auditors' report on the financial statements for the year ended 31 December 2024 was unqualified.

The audit report was signed on 25 September 2025 by Jessica Edwards (Senior Statutory Auditor) on behalf of HaysMac LLP.

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