Barrow Investments Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10576465

Barrow Investments Limited

Unaudited financial statements

31 December 2025

Barrow Investments Limited

Statement of financial position

31 December 2025

	2025		2024
Note	£	£	£	£

Fixed assets

Tangible assets	5		4,530,925		4,475,000

Current assets

Debtors	6	23,387	50,059
Cash at bank and in hand		152,081	113,032
		---------	---------
		175,468	163,091

Creditors: Amounts falling due within one year	7	( 4,885,619)		( 4,881,136)
		-----------		-----------
Net current liabilities			( 4,710,151)		( 4,718,045)
			-----------		-----------
Total assets less current liabilities			( 179,226)		( 243,045)
			---------		---------
Net liabilities			( 179,226)		( 243,045)
			---------		---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 179,326)	( 243,145)
	---------	---------
Shareholders deficit	( 179,226)	( 243,045)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.

For the year ending 31 December 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 20 April 2026 , and are signed on behalf of the board by:

A R Thomas

Director

Company registration number: 10576465

Barrow Investments Limited

Notes to the financial statements

Year ended 31 December 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is First Floor Suite, 2 Hillside Business Park, Bury St Edmunds, Suffolk, IP32 7EA. The company's trading address is Beechdean, Old London Road, Stockbridge, Hampshire SO20 6EJ. The parent company of Barrow Investments Limited is Barlux Investment Holdings S.á.r.l registered in Luxembourg under the registration number B 205 198. The registered office of Barlux Investment Holdings S.á.r.l is 2, place de Paris, Luxembourg, L-2314.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

Estimates and judgements used in preparing the financial statements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. The resulting accounting estimates will, by definition seldom equal the related actual results. Any subsequent changes are accounted for with an effect on income at the time such updated information is available. The estimates and assumptions that have a significant effect on the carrying amounts of assets and liabilities are discussed below: In applying the Company’s accounting policies for investment properties carried at fair value, the directors obtained an external valuation of the property, which was undertaken by an independent professional valuer at 30 September 2022, resulting in a carrying amount of £4,475,000. The directors have determined that no further revaluation was required during the period to 31 December 2025. See the tangible assets note for more information.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Rental income is recognised on an accruals basis in line with lease terms and arises solely in the UK.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss. The investment properties were collectively valued at £4,475,000 on 30 September 2022. The directors are of the opinion that the current market value is not materially different to this value. In forming this opinion, the directors considered: - the nature and location of the property; - the behaviour of relevant market indicators for comparable assets; - internal reviews of property condition; and - the absence of significant market or asset-specific factors that would suggest a material change in fair value.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at transaction price where there are no stated interest or repayment terms, otherwise they are measured at amortised cost. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

4. Employee numbers

The average number of employees during the year was 2 (2024: 2 ).

5. Tangible assets

	Investment property
	£
Cost
At 1 January 2025	4,475,000
Additions	55,925
	-----------
At 31 December 2025	4,530,925
	-----------
Depreciation
At 1 January 2025 and 31 December 2025	–
	-----------
Carrying amount
At 31 December 2025	4,530,925
	-----------
At 31 December 2024	4,475,000
	-----------

Tangible assets held at valuation

The investment properties were valued by the directors as at the year end date.

In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:

	Investment property
	£
At 31 December 2025
Aggregate cost	4,839,484
Aggregate depreciation	–
	-----------
Carrying value	4,839,484
	-----------

At 31 December 2024
Aggregate cost	4,783,559
Aggregate depreciation	–
	-----------
Carrying value	4,783,559
	-----------

6. Debtors

	2025	2024
	£	£
Other debtors	23,387	50,059
	-------	-------

7. Creditors: Amounts falling due within one year

	2025	2024
	£	£
Trade creditors	23,300	31,850
Amounts owed to holding company	4,771,231	4,768,122
Social security and other taxes	9,699	1,735
Other creditors	81,389	79,429
	-----------	-----------
	4,885,619	4,881,136
	-----------	-----------

Within amounts owed to holding company is an interest bearing loan of £4,771,231 (2024: £4,768,122). In accordance with the loan agreement, the holding company can request repayment within one year. It has been confirmed with the directors of the holding company that it is not their intention to make an immediate demand for the loan in whole or in part in the foreseeable future. The accounts have been prepared on a going concern basis, the validity of which depends on the support from the holding company continuing to be made available.