Company Registration No. 04406915 (England and Wales)
BAROLO LIMITED
Unaudited accounts
for the year ended 31 March 2025
BAROLO LIMITED
Unaudited accounts
Contents
BAROLO LIMITED
Company Information
for the year ended 31 March 2025
Directors
TAGHIZADEH Simone
TAGHIZADEH Siamak
Company Number
04406915 (England and Wales)
Registered Office
1045 WIMBORNE ROAD
BOURNEMOUTH
BH9 2BX
BAROLO LIMITED
Statement of financial position
as at 31 March 2025
Investment property
1,725,000
2,350,000
Cash at bank and in hand
35,145
20,748
Creditors: amounts falling due within one year
(163,026)
(150,583)
Net current liabilities
(67,999)
(72,291)
Total assets less current liabilities
1,657,398
2,278,238
Creditors: amounts falling due after more than one year
(962,495)
(967,836)
Provisions for liabilities
Deferred tax
(120,887)
(210,623)
Net assets
574,016
1,099,779
Called up share capital
1,000
1,000
Profit and loss account
573,016
1,098,779
Shareholders' funds
574,016
1,099,779
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by
TAGHIZADEH Siamak
Director
Company Registration No. 04406915
BAROLO LIMITED
Notes to the Accounts
for the year ended 31 March 2025
BAROLO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 04406915. The registered office is 1045 WIMBORNE ROAD, BOURNEMOUTH, BH9 2BX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
BAROLO LIMITED
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Fair value at 1 April 2024
2,350,000
Net loss from fair value adjustments
(625,000)
At 31 March 2025
1,725,000
The directors valued the properties on 31 March 2025. If investment properties had not been revalued they would have been included at the historical cost of £1,241,452.
Amounts falling due within one year
Amounts due from group undertakings etc.
59,157
55,332
Accrued income and prepayments
725
832
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
5,511
5,681
Taxes and social security
2,352
2,175
Other creditors
3,763
5,060
Loans from directors
144,998
136,643
BAROLO LIMITED
Notes to the Accounts
for the year ended 31 March 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
962,495
967,836
Aggregate of amounts that fall due for payment after five years
-
936,361
Bank loans are secured by the way of a charge over assets of the company.
9
Deferred taxation
2025
2024
Revaluation of investment property
120,887
210,623
Provision at start of year
210,623
210,623
Credited to the profit and loss account
(89,736)
-
Provision at end of year
120,887
210,623
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
11
Transactions with related parties
Interest was received on the loan made to a related party. The balance of the loan at the year-end was £59,157. All transactions were at market rates.
12
Average number of employees
During the year the average number of employees was 2 (2024: 2).