Registration number: 05049950

Barn Conversions Limited

Profit and Loss Account for the Year Ended 31 March 2025

	2025 £	2024 £
Turnover	22,681	36,430
Administrative expenses	(38,356)	(23,201)
Other operating income	67,407	23,026
Operating profit	51,732	36,255
(Loss)/gain on financial assets at fair value through profit and loss account	(74,794)	1,125
Other interest receivable and similar income	-	48
Interest payable and similar expenses	(15,885)	(14,713)
	(90,679)	(13,540)
(Loss)/profit before tax	(38,947)	22,715
(Loss)/profit for the financial year	(38,947)	22,715

The above results were derived from continuing operations.

Barn Conversions Limited

(Registration number: 05049950)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Investment property	4	355,000	540,000
Current assets
Debtors	5	176,054	140,069
Creditors: Amounts falling due within one year	6	(94,841)	(94,841)
Net current assets		81,213	45,228
Total assets less current liabilities		436,213	585,228
Creditors: Amounts falling due after more than one year	6	(233,954)	(344,022)
Net assets		202,259	241,206
Capital and reserves
Called up share capital	7	700	700
Other reserves		109,511	184,305
Retained earnings		92,048	56,201
Shareholders' funds		202,259	241,206

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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 December 2025 and signed on its behalf by:
 

Mrs A C Bramhill Director

Barn Conversions Limited

Statement of Changes in Equity for the Year Ended 31 March 2025

	Share capital £	Other reserves £	Retained earnings £	Total £
At 1 April 2024	700	184,305	56,201	241,206
Loss for the year	-	-	(38,947)	(38,947)
Other comprehensive income	-	(74,794)	74,794	-
Total comprehensive income	-	(74,794)	35,847	(38,947)
At 31 March 2025	700	109,511	92,048	202,259

	Share capital £	Other reserves £	Retained earnings £	Total £
At 1 April 2023	700	183,180	34,611	218,491
Profit for the year	-	-	22,715	22,715
Other comprehensive income	-	1,125	(1,125)	-
Total comprehensive income	-	1,125	21,590	22,715
At 31 March 2024	700	184,305	56,201	241,206

Barn Conversions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

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

The address of its registered office is:
White Hart Farm
Brigg Road
Barton upon Humber
North Lincolnshire
DN18 6BA
 

Registration number: 05049950

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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the rental of property in the ordinary course of the company’s activities.

Turnover comprises the fair value of the consideration received or receivable for the sale of goods
and provision of services in the ordinary course of the company’s activities. Turnover is shown net of
value added tax, returns, rebates and discounts.

Tax

The current 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.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Barn Conversions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year was 0 (2024 - 0).

4	Investment properties

	2025 £
At 1 April	540,000
Disposals	(110,206)
Fair value adjustments	(74,794)
At 31 March	355,000

The investment properties are stated at directors' valuation determined by the values of similar properties recently sold on the open market.

There has been no valuation of investment property by an independent valuer.

5

Debtors

	2025 £	2024 £
Other debtors	176,054	140,069

Barn Conversions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

6

Creditors

	2025 £	2024 £
Due within one year
Other payables	94,841	94,841