BARNRISE PROPERTIES LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 11954149

BARNRISE PROPERTIES LTD

Filleted Unaudited Financial Statements

30 September 2024

BARNRISE PROPERTIES LTD

Statement of Financial Position

30 September 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	5	626,588	669,464

Current assets

Stocks		–	282,970
Debtors	6	–	387,630
Cash at bank and in hand		–	1,330
		----	---------
		–	671,930

Creditors: amounts falling due within one year	7	626,640	1,341,446
		---------	------------
Net current liabilities		626,640	669,516
		---------	---------
Total assets less current liabilities		( 52)	( 52)

Creditors: amounts falling due after more than one year	8	30,099	30,099
		--------	--------
Net liabilities		( 30,151)	( 30,151)
		--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 30,251)	( 30,251)
	--------	--------
Shareholders deficit	( 30,151)	( 30,151)
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 September 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 year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

BARNRISE PROPERTIES LTD

Statement of Financial Position (continued)

30 September 2024

These financial statements were approved by the board of directors and authorised for issue on 25 September 2025 , and are signed on behalf of the board by:

Ahmad Humayun
Director

Company registration number: 11954149

BARNRISE PROPERTIES LTD

Notes to the Financial Statements

Year ended 30 September 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 186 Camden High Street, London, NW1 8QP.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Operating leases

Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	2% on straight line
Plant and machinery	-	25% reducing balance
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to Nil (2023: 9 ).

5. Tangible assets

	Freehold property	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£	£
Cost
At 1 October 2023	666,584	36,242	26,452	27,107	756,385
Disposals	–	( 36,242)	( 26,452)	( 27,107)	( 89,801)
	---------	--------	--------	--------	---------
At 30 September 2024	666,584	–	–	–	666,584
	---------	--------	--------	--------	---------
Depreciation
At 1 October 2023	39,996	13,718	17,535	15,672	86,921
Charge for the year	–	–	( 17,535)	–	( 17,535)
Disposals	–	( 13,718)	–	( 15,672)	( 29,390)
	---------	--------	--------	--------	---------
At 30 September 2024	39,996	–	–	–	39,996
	---------	--------	--------	--------	---------
Carrying amount
At 30 September 2024	626,588	–	–	–	626,588
	---------	--------	--------	--------	---------
At 30 September 2023	626,588	22,524	8,917	11,435	669,464
	---------	--------	--------	--------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	–	60,241
Other debtors	–	327,389
	----	---------
	–	387,630
	----	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	–	464,206
Other creditors	626,640	877,240
	---------	------------
	626,640	1,341,446
	---------	------------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	30,099	30,099
	--------	--------

9. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Ahmad Humayun	( 877,240)	250,598	( 626,642)
	---------	---------	---------

	2023
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Ahmad Humayun	( 882,757)	5,517	( 877,240)
	---------	-------	---------

10. Related party transactions

The company was under the control of Ahmad Humayun throughout the current and previous year. Ahmad Humayun is the majority shareholder and director. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard 102.