REGISTERED NUMBER: 12809160 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Barwick Property Development Ltd

Page

Balance Sheet

1

Notes to the Financial Statements

2

FIXED ASSETS

Tangible assets

4

654

871

Investment property

5

990,000

737,500

990,654

738,371

CURRENT ASSETS

Debtors

6

4,834

7,996

Cash at bank

-

6,783

4,834

14,779

CREDITORS

Amounts falling due within one year

7

286,851

180,759

NET CURRENT LIABILITIES

(282,017

)

(165,980

)

TOTAL ASSETS LESS CURRENT LIABILITIES

708,637

572,391

CREDITORS

Amounts falling due after more than one year

8

(605,007

)

(513,150

)

PROVISIONS FOR LIABILITIES

-

(36,713

)

NET ASSETS

103,630

22,528

CAPITAL AND RESERVES

Called up, allotted and fully paid share capital

100

100

Revaluation reserve

198,236

156,515

Retained earnings

(94,706

)

(134,087

)

103,630

22,528

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 11 January 2026 and were signed by:

D F Barwick - Director

1.	STATUTORY INFORMATION

Barwick Property Development Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12809160

Registered office:

26a Captain Cooks Close

Staithes

Saltburn-By-The-Sea

TS13 5AP

The presentation currency of the financial statements is the Pound Sterling (£).

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

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2024

and 31 July 2025

1,240

DEPRECIATION

At 1 August 2024

369

Charge for year

217

At 31 July 2025

586

NET BOOK VALUE

At 31 July 2025

654

At 31 July 2024

871

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2024

737,500

Additions

200,992

Revaluations

51,508

At 31 July 2025

990,000

NET BOOK VALUE

At 31 July 2025

990,000

At 31 July 2024

737,500

Fair value at 31 July 2025 is represented by:

£

Valuation in 2023

175,557

Valuation in 2024

17,671

Valuation in 2025

51,507

Cost

745,265

990,000

These valuations were carried out by the director who, whilst not a qualified surveyor, does have many years experience in the property sector. These valuations are further supported by valuations recently carried out by finance providers for mortgage purposes.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Trade debtors

3,750

6,850

Other debtors

1,084

1,146

4,834

7,996

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans and overdrafts

38,713

-

Trade creditors

4,076

2,945

Other creditors

244,062

177,814

286,851

180,759

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.25

31.7.24

£

£

Bank loans

605,007

513,150

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.7.25

31.7.24

£

£

Bank loans

605,007

513,150

The debts are secured with a fixed and floating charge over the assets of the company.