Company Registration No. 11944496 (England and Wales)
Barry Commercial Properties Limited
Unaudited accounts
for the year ended 31 March 2025
Barry Commercial Properties Limited
Unaudited accounts
Contents
Barry Commercial Properties Limited
Company Information
for the year ended 31 March 2025
Directors
Mr Kieran Barry
Mr Thomas Barry
Company Number
11944496 (England and Wales)
Registered Office
127 Salmon Street
Kingsbury
London
United Kingdom
NW9 8NG
England
Accountants
Schiavi Pole Brett Ltd
15A Walm Lane
London
NW2 5SJ
Barry Commercial Properties Limited
Statement of financial position
as at 31 March 2025
Investment property
3,963,000
3,963,000
Cash at bank and in hand
96,680
120,228
Creditors: amounts falling due within one year
(111,014)
(89,881)
Net current (liabilities)/assets
(14,334)
31,192
Total assets less current liabilities
3,948,666
3,994,192
Creditors: amounts falling due after more than one year
(1,600,366)
(1,691,215)
Net assets
2,348,300
2,302,977
Called up share capital
1,886,237
1,886,237
Profit and loss account
462,063
416,740
Shareholders' funds
2,348,300
2,302,977
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 17 December 2025 and were signed on its behalf by
Mr Kieran Barry
Director
Company Registration No. 11944496
Barry Commercial Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
Barry Commercial Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11944496. The registered office is 127 Salmon Street, Kingsbury, London, United Kingdom, NW9 8NG, England.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Fair value at 1 April 2024
3,963,000
At 31 March 2025
3,963,000
The investment properties were valued by the directors on an open market basis. The directors consider that there has been no material movement in the value of these properties between 31 March 2024 and 31 March 2025
Amounts falling due within one year
Barry Commercial Properties Limited
Notes to the Accounts
for the year ended 31 March 2025
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
79,344
67,777
Taxes and social security
16,127
22,104
Loans from directors
2,493
-
7
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
1,600,366
1,691,215
Allotted, called up and fully paid:
1,886,237 Ordinary shares of £1 each
1,886,237
1,886,237
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).