Barncabin Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 02131702 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

Barncabin Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr R W Dyson

Mrs J Dyson

REGISTERED OFFICE:

Norfolk House

Hardwick Square North

Buxton

Derbyshire

SK17 6PU

REGISTERED NUMBER:

02131702 (England and Wales)

ACCOUNTANTS:

SMH BullockWoodburn

Norfolk House

Hardwick Square North

Buxton

SK17 6PU

FIXED ASSETS

Tangible assets

4

11,101

11,401

Investments

5

125,056

233,774

Investment property

6

2,499,694

2,328,593

2,635,851

2,573,768

CURRENT ASSETS

Debtors

7

155,639

325,195

Cash at bank

1,149,213

1,171,670

1,304,852

1,496,865

CREDITORS

Amounts falling due within one year

8

(95,009

)

(88,487

)

NET CURRENT ASSETS

1,209,843

1,408,378

TOTAL ASSETS LESS CURRENT LIABILITIES

3,845,694

3,982,146

CAPITAL AND RESERVES

Called up share capital

9

2

Retained earnings

3,845,692

3,982,144

SHAREHOLDERS' FUNDS

3,845,694

3,982,146

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 directors acknowledge their 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 Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by:

Mr R W Dyson - Director

Mrs J Dyson - Director

1.	STATUTORY INFORMATION

Barncabin Limited 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

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

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Plant and machinery etc

-

25% on cost and 10% on cost

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 balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Ground

and

rents

fittings

Totals

£

COST OR VALUATION

At 1 April 2024

10,000

21,500

31,500

Revaluations

-

(300

)

(300

)

At 31 March 2025

10,000

21,200

31,200

DEPRECIATION

At 1 April 2024

and 31 March 2025

-

20,099

NET BOOK VALUE

At 31 March 2025

10,000

1,101

11,101

At 31 March 2024

10,000

1,401

11,401

Cost or valuation at 31 March 2025 is represented by:

Fixtures

Ground

and

rents

fittings

Totals

£

Valuation in 2016

-

(170

)

(170

)

Valuation in 2017

-

1,530

Valuation in 2018

-

(670

)

(670

)

Valuation in 2019

-

580

Valuation in 2020

-

730

Valuation in 2021

-

(270

)

(270

)

Valuation in 2022

-

(180

)

(180

)

Valuation in 2024

-

(150

)

(150

)

Valuation in 2025

-

(300

)

(300

)

Cost

10,000

20,100

30,100

10,000

21,200

31,200

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST OR VALUATION

At 1 April 2024

233,774

Additions

1,348

Disposals

(100,263

)

Revaluations

(9,803

)

At 31 March 2025

125,056

NET BOOK VALUE

At 31 March 2025

125,056

At 31 March 2024

233,774

Cost or valuation at 31 March 2025 is represented by:

Other

investments

£

Valuation in 2016

(2,200

)

Valuation in 2018

(450

)

Valuation in 2019

(500

)

Valuation in 2020

(250

)

Valuation in 2021

(250

)

Valuation in 2022

50,756

Valuation in 2023

(5,666

)

Valuation in 2024

18,465

Valuation in 2025

(9,803

)

Cost

74,954

125,056

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

2,328,593

Additions

171,101

At 31 March 2025

2,499,694

NET BOOK VALUE

At 31 March 2025

2,499,694

At 31 March 2024

2,328,593

Fair value at 31 March 2025 is represented by:

£

Valuation in 2017

65,757

Valuation in 2018

(29,797

)

Valuation in 2019

(100,000

)

Valuation in 2022

(100,000

)

Cost

2,663,734

2,499,694

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

-

9,000

Directors' current accounts

133,340

304,498

Prepayments and accrued income

22,299

11,697

155,639

325,195

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

58,879

38,451

Tax

4,233

14,838

Other creditors

1,650

Amounts owed to connected companies

6,695

Accruals and deferred income

23,552

26,853

95,009

88,487

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

2

Ordinary

1

2

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

2025

2024

£

Mr R W Dyson and Mrs J Dyson

Balance outstanding at start of year

304,499

373,270

Amounts advanced

484,789

344,499

Amounts repaid

(655,948

)

(413,270

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

133,340

304,499

The directors fully repaid the above loan of £133,340 on 6th April 2025.

11.	RELATED PARTY DISCLOSURES

The company continued during the year to provide the services of property management. The properties managed were those owned by the director Mr R W Dyson and his wife Mrs J Dyson.