Company No: 05269589 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Tangible assets	3	0		7,380
Investment property	4	3,910,679		3,905,657
		3,910,679		3,913,037
Current assets
Debtors	5	55,610		22,912
Cash at bank and in hand		70,271		49,019
		125,881		71,931
Creditors: amounts falling due within one year	6	( 909,151)		( 922,305)
Net current liabilities		(783,270)		(850,374)
Total assets less current liabilities		3,127,409		3,062,663
Provision for liabilities		( 362,607)		( 362,607)
Net assets		2,764,802		2,700,056
Capital and reserves
Called-up share capital	7	131,000		131,000
Share premium account		301,300		301,300
Profit and loss account	8	2,332,502		2,267,756
Total shareholders' funds		2,764,802		2,700,056

For the financial 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.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Barton Clark Properties Limited (registered number: 05269589) were approved and authorised for issue by the Board of Directors on 15 December 2025. They were signed on its behalf by:

Mrs C M Clark Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Barton Clark Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 9 Plover Close, Topsham, Exeter, EX3 0FJ, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover represents amounts chargeable in respect of rental amounts receivable during the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
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 financial statements. 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 tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a basis over its expected useful life, as follows:

Fixtures and fittings

5 years straight line

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	0		0

3. Tangible assets

	Fixtures and fittings		Total
	£		£
Cost
At 01 April 2024	11,934		11,934
Disposals	( 11,934)		( 11,934)
At 31 March 2025	0		0
Accumulated depreciation
At 01 April 2024	4,554		4,554
Charge for the financial year	2,357		2,357
Disposals	( 6,911)		( 6,911)
At 31 March 2025	0		0
Net book value
At 31 March 2025	0		0
At 31 March 2024	7,380		7,380

4. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	3,905,657
Transfers to and from property, plant and equipment	5,022
As at 31 March 2025	3,910,679

Valuation

A full market valuation of investment properties was completed by the director at the Balance Sheet date. The valuation was based on the open market value.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	2025		2024
	£		£
Historic cost	1,972,825		1,967,803

5. Debtors

	2025		2024
	£		£
Trade debtors	0		8,138
Prepayments	44,932		4,096
Other debtors	10,678		10,678
	55,610		22,912

6. Creditors: amounts falling due within one year

	2025		2024
	£		£
Amounts owed to directors	870,919		877,919
Accruals	5,705		4,858
Taxation and social security	19,100		26,100
Other creditors	13,427		13,428
	909,151		922,305

7. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
99,000 Ordinary A shares of £ 1.00 each	99,000		99,000
32,000 Ordinary B shares of £ 1.00 each	32,000		32,000
	131,000		131,000

The ordinary A shares and ordinary B shares all carry the same rights and privileges and rank pari passu in all respects except in respect of dividends, where the directors shall not be bound to treat the A and B ordinary shares in the same manner.

8. Reserves

	2025		2024
	£		£
Profit and loss account	2,332,502		2,267,756

The revaluation reserve has been combined with the profit and loss account in accordance with FRS102. The profit and loss account includes non-distributable reserves of £1,619,565 (2024: £1,619,565).