REGISTERED NUMBER: 14102948 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2025

for

LITTLE WORSHAM BARNS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A H Taylor

Mrs A P A Barros Taylor

REGISTERED OFFICE:

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

REGISTERED NUMBER:

14102948 (England and Wales)

ACCOUNTANTS:

Advanta

Chartered Accountants

29 Gildredge Road

Eastbourne

East Sussex

BN21 4RU

FIXED ASSETS

Tangible assets

4

10,700

12,424

CURRENT ASSETS

Stocks

5

1,867,741

1,807,793

Debtors

6

59,612

58,180

Cash at bank and in hand

297

545

1,927,650

1,866,518

CREDITORS

Amounts falling due within one year

7

1,937,141

1,877,353

NET CURRENT LIABILITIES

(9,491

)

(10,835

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,209

1,589

CAPITAL AND RESERVES

Called up share capital

5

5

Retained earnings

1,204

1,584

SHAREHOLDERS' FUNDS

1,209

1,589

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 30 December 2025 and were signed on its behalf by:

A H Taylor - Director

1.	STATUTORY INFORMATION

Little Worsham Barns 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.

Turnover

Turnover represents the receipts of monies from the sale of residential properties and is recognised on completion of contracts.

Tangible fixed assets

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

Plant & machinery

-

25% on reducing balance

Computer equipment

-

Over 3 years

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Costs include all direct expenditure and an appropriate proportion of fixed and variable overheads.

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant &

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 April 2024

21,982

-

21,982

Additions

174

1,877

2,051

At 31 March 2025

22,156

1,877

24,033

DEPRECIATION

At 1 April 2024

9,558

-

9,558

Charge for year

3,150

625

3,775

At 31 March 2025

12,708

625

13,333

NET BOOK VALUE

At 31 March 2025

9,448

1,252

10,700

At 31 March 2024

12,424

-

12,424

5.

STOCKS

2025

2024

£

£

Work-in-progress

1,867,741

1,807,793

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

47,219

48,312

VAT

3,173

8,284

Deferred tax asset

1,205

1,584

Prepayments

8,015

-

59,612

58,180

Other debtors forms amounts owed by related companies. These are repayable upon demand but are not expected to be received within one year.

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other loans

1,895,579

1,786,480

Trade creditors

21,777

88,363

Tax

1

-

Other creditors

15,000

540

Directors' current accounts

47

-

Accrued expenses

4,737

1,970

1,937,141

1,877,353

Other loans forms amounts owed by related companies. These are repayable upon demand but are not expected to be received within one year.

8.	DEFERRED TAX

£

Balance at 1 April 2024

(1,584

)

Provided during year

(1,073

)

Tax losses carried forward

1,452

Balance at 31 March 2025

(1,205

)

9.	RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £173,322 (2024: £250,435) to Fairlight Homes (UK) Ltd, a company controlled by A H Taylor. No interest was charged on this amount. This amount is repayable on demand.

At the balance sheet date the company was owed £46,499 (2024: £45,812) by A And D Properties Ltd, a company controlled by A H Taylor. No interest was charged on this amount. This amount is repayable on demand.