Barkwell Developments Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Unit 2 Brayhams Yard
North Road
Okehampton
Devon
EX20 1AB

Principal activity

The principal activity of the company was that of property development.

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.

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

Going concern

The financial statements have been prepared on a going concern basis.

Barkwell Developments Limited

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

2	Accounting policies (continued)

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 5 December 2025 was Adam Croney ACA, who signed for and on behalf of Westcotts (SW) LLP.

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Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand, demand deposits with banks, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. In the statement of financial position, bank overdrafts are shown within borrowing or current liabilities

Financial instruments

Recognition and measurement
A financial asset or a financial liability is recognised only when the company becomes party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 2).

Barkwell Developments Limited

Notes to the Financial Statements for the Year Ended 30 June 2025 (continued)

4

Debtors

	2025 £	2024 £
Amounts owed by group undertakings	1,178	375,000
Other debtors	912	-
	2,090	375,000

5

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Amounts owed to group undertakings	-	366,494
Taxation and social security	-	6,248
Accruals and deferred income	2,000	2,000
	2,000	374,742

6

Reserves

Profit and loss account:

This reserve records retained earnings and accumulated losses.

7	Parent and ultimate parent undertaking

The company's immediate parent is Barkwell Properties Limited, incorporated in England.
 

The parent of the largest group in which these financial statements are consolidated is Barkwell Properties Limited, incorporated in England.

The address of Barkwell Properties Limited is:
Unit 2 Brayhams Yard
North Road
Okehampton
Devon
EX20 1AB