REGISTERED NUMBER: 05318518 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 December 2024

for

Barnwell Young Associates Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

61,108

63,945

Investments

5

267,760

267,760

328,868

331,705

CURRENT ASSETS

Debtors

6

268

9,590

Cash at bank

2,480

56,327

2,748

65,917

CREDITORS

Amounts falling due within one year

7

160,128

125,970

NET CURRENT LIABILITIES

(157,380

)

(60,053

)

TOTAL ASSETS LESS CURRENT LIABILITIES

171,488

271,652

CREDITORS

Amounts falling due after more than one year

8

(117,772

)

(130,833

)

PROVISIONS FOR LIABILITIES

(11,334

)

(11,810

)

NET ASSETS

42,382

129,009

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

42,282

128,909

SHAREHOLDERS' FUNDS

42,382

129,009

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

Mr M R Young - Director

1.	STATUTORY INFORMATION

Barnwell Young Associates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

05318518

Registered office:

Church School

Woore Road

Madeley

Crewe

Cheshire

CW3 9PH

The presentation currency of the financial statements is the Pound Sterling (£).

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 represents net invoiced sales of services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures, fittings & equipment

-

15% on reducing balance

Computer equipment

-

33% on reducing balance

Investment properties are not depreciated and are shown at fair value.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in the profit and loss.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures,

to

fittings

Computer

property

& equipment

equipment

Totals

£

£

£

£

COST

At 31 December 2023

27,992

79,162

1,866

109,020

Additions

-

5,438

3,237

8,675

At 30 December 2024

27,992

84,600

5,103

117,695

DEPRECIATION

At 31 December 2023

9,109

34,474

1,492

45,075

Charge for year

2,800

7,520

1,192

11,512

At 30 December 2024

11,909

41,994

2,684

56,587

NET BOOK VALUE

At 30 December 2024

16,083

42,606

2,419

61,108

At 30 December 2023

18,883

44,688

374

63,945

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 31 December 2023

and 30 December 2024

267,760

NET BOOK VALUE

At 30 December 2024

267,760

At 30 December 2023

267,760

The Fixed Asset Investments represent properties acquired during 2005 and 2020 and are shown at cost, which in the opinion of the directors is the fair value as at 31st December 2024.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

-

4,360

Other debtors

268

5,230

268

9,590

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

9,880

10,462

Trade creditors

2,729

2,579

Taxation and social security

24,039

31,893

Other creditors

123,480

81,036

160,128

125,970

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

117,772

130,833

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

74,338

87,339

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Mortgages

97,569

105,656

National Westminster Bank PLC hold both: a fixed charge over the property named Church School, Woore Road, Madeley, Crewe, CW3 9PH; and also hold a fixed and floating charge that covers all the property of undertaking of the company.