REGISTERED NUMBER: 08932732 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

BARROWSTONE LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

S Grosskopf

REGISTERED OFFICE:

2a Alexandra Grove

London

N12 8NU

REGISTERED NUMBER:

08932732 (England and Wales)

ACCOUNTANTS:

Venitt and Greaves

Chartered Accountants

115 Craven Park Road

South Tottenham

London

N15 6BL

FIXED ASSETS

Tangible assets

5

734

864

Investment property

6

2,841,649

2,841,649

2,842,383

2,842,513

CURRENT ASSETS

Debtors

7

556,000

556,818

Cash at bank

19,737

1,478

575,737

558,296

CREDITORS

Amounts falling due within one year

8

(1,177,857

)

(1,176,260

)

NET CURRENT LIABILITIES

(602,120

)

(617,964

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,240,263

2,224,549

CREDITORS

Amounts falling due after more than one year

9

(1,741,208

)

(1,758,616

)

NET ASSETS

499,055

465,933

CAPITAL AND RESERVES

Called up share capital

12

102

102

Revaluation reserve

13

300,000

300,000

Retained earnings

13

198,953

165,831

SHAREHOLDERS' FUNDS

499,055

465,933

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9 December 2025 and were signed by:

S Grosskopf - Director

1.	STATUTORY INFORMATION

Barrowstone Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents net rent receivable, excluding value added tax.

Tangible fixed assets

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

Fixtures and fittings

-

15% on reducing balance

Investment property

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2024 - NIL).

5.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 April 2024

and 31 March 2025

2,607

DEPRECIATION

At 1 April 2024

1,743

Charge for year

130

At 31 March 2025

1,873

NET BOOK VALUE

At 31 March 2025

734

At 31 March 2024

864

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

and 31 March 2025

2,841,649

NET BOOK VALUE

At 31 March 2025

2,841,649

At 31 March 2024

2,841,649

Fair value at 31 March 2025 is represented by:

£

Valuation in 2016

300,000

Cost

2,541,649

2,841,649

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

-

818

Other debtors

556,000

556,000

556,000

556,818

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

314

-

Taxation and social security

10,968

12,736

Other creditors

1,166,575

1,163,524

1,177,857

1,176,260

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans (see note 10)

1,728,746

1,736,201

Other creditors

12,462

22,415

1,741,208

1,758,616

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,349,950

1,349,950

Other creditors include Bounceback loan of £12,460 [2024 - £22,415]. The loan is unsecured, interest free for the first year, then capped at 2.5% and guaranteed by HM Government.

10.

LOANS

An analysis of the maturity of loans is given below:

31.3.25

31.3.24

£

£

Amounts falling due between two and five years:

Bank loans - 2-5 years

378,796

386,251

Other loans - 2-5 years

12,462

22,415

391,258

408,666

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans more 5 yrs non-inst

1,349,950

1,349,950

11.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

1,728,746

1,736,201

The mortgage loans are secured by a first charge over the company's properties and floating charge over the assets of the company, and bears interest at variable rates.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

102

Ordinary

£1

102

102

13.

RESERVES

Retained

Revaluation

earnings

reserve

Totals

£

£

£

At 1 April 2024

165,831

300,000

465,831

Profit for the year

33,122

33,122

At 31 March 2025

198,953

300,000

498,953