Registration number: 06447798

Barrows Consulting Limited

Contents

Director's Report	1
Profit and Loss Account and Statement of Retained Earnings	2
Balance Sheet	3
Statement of Changes in Equity	4
Notes to the Financial Statements	5 to 7

Barrows Consulting Limited

Director's Report for the Year Ended 31 December 2024

The report and the financial statements for the year ended 31 December 2024.

Director of the company

The director who held office during the year was as follows:

N R Hogan

Principal activity

The principal activity of the company is that of holding company.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 28 October 2025
 

......................................... N R Hogan Director

Barrows Consulting Limited

Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 December 2024

	Note	2024 €	2023 €
Turnover		-	-
Administrative expenses		(4,016)	(4,291)
Operating loss		(4,016)	(4,291)
Loss before tax		(4,016)	(4,291)
Loss for the financial year		(4,016)	(4,291)
Retained earnings brought forward		(192,116)	(187,825)
Retained earnings carried forward		(196,132)	(192,116)

Barrows Consulting Limited

(Registration number: 06447798)
Balance Sheet as at 31 December 2024

	Note	2024 €	2023 €
Fixed assets
Investments	4	8,809	8,809
Creditors: Amounts falling due within one year	5	(203,465)	(199,449)
Net liabilities		(194,656)	(190,640)
Capital and reserves
Called up share capital		1,476	1,476
Retained earnings		(196,132)	(192,116)
Shareholders' deficit		(194,656)	(190,640)

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.

Director's 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 director acknowledges 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 director has not delivered to the registrar a copy of the Profit and Loss Account and Director's Report.

Approved and authorised by the director on 28 October 2025
 

......................................... N R Hogan Director

Barrows Consulting Limited

Statement of Changes in Equity for the Year Ended 31 December 2024

	Share capital €	Retained earnings €	Total €
At 1 January 2024	1,476	(192,116)	(190,640)
Loss for the year	-	(4,016)	(4,016)
At 31 December 2024	1,476	(196,132)	(194,656)

	Share capital €	Retained earnings €	Total €
At 1 January 2023	1,476	(187,825)	(186,349)
Loss for the year	-	(4,291)	(4,291)
At 31 December 2023	1,476	(192,116)	(190,640)

Barrows Consulting Limited

Notes to the 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 & Wales.

The address of its registered office is:
5th Floor, North Side
7/10 Chandos Street
Cavendish Square
London
W1G 9DQ

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.

Group accounts not prepared

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act not to prepare group accounts..

Going concern

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rates prevailing on the initial transaction dates.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Barrows Consulting Limited

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

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable 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.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors,loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
 Recognition and measurement
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective impairment is found, an impairment loss is recognised in Profit or Loss Account.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4	Investments

	2024 €	2023 €
Investments in subsidiaries	8,809	8,809