Company Registration No. 04460248 (England and Wales)
Barron Developments Wessex Limited
Unaudited financial statements
for the year ended 30 September 2025
Barron Developments Wessex Limited
Statement of financial position
as at 30 September 2025
Tangible assets
7,552
9,459
Investment property
5,385,000
5,385,000
Cash at bank and in hand
124,896
68,312
Creditors: amounts falling due within one year
(1,814,211)
(608,681)
Net current liabilities
(1,689,085)
(535,167)
Total assets less current liabilities
3,703,467
4,859,292
Creditors: amounts falling due after more than one year
(695,513)
(1,977,712)
Provisions for liabilities
Deferred tax
(505,133)
(505,609)
Net assets
2,502,821
2,375,971
Called up share capital
3
3
Fair value reserve
1,509,735
1,509,735
Profit and loss account
993,083
866,233
Shareholders' funds
2,502,821
2,375,971
For the year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 June 2026 and were signed on its behalf by
Mr G S Rana
Director
Company Registration No. 04460248
Barron Developments Wessex Limited
Notes to the Accounts
for the year ended 30 September 2025
Barron Developments Wessex Limited is a private company, limited by shares, registered in England and Wales, registration number 04460248. The registered office is Brooklyn House, Winchester Road, Chilworth, Southampton, Hampshire, SO16 7LG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
These financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.
Turnover represents the net invoiced value of rent and fees receivable in the year.
Investment property, which is property held to earn rentals and/or for capital appreciation, is measured using the fair value model and stated at its fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost
Motor vehicles
25% on cost
Computer equipment
25% on cost
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Barron Developments Wessex Limited
Notes to the Accounts
for the year ended 30 September 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2024
417
20,615
6,062
27,094
At 30 September 2025
417
20,615
7,250
28,282
At 1 October 2024
416
14,092
3,127
17,635
Charge for the year
1
1,631
1,463
3,095
At 30 September 2025
417
15,723
4,590
20,730
At 30 September 2025
-
4,892
2,660
7,552
At 30 September 2024
1
6,523
2,935
9,459
Fair value at 1 October 2024
5,385,000
At 30 September 2025
5,385,000
The investment properties have been included at their fair value. In the opinion of the directors this is the market value at the year end date.
If investment properties were stated on an historical cost basis rather than a fair value basis, the amount of £3,372,020 (2024: £3,372,020) would have been included.
Amounts falling due within one year
Accrued income and prepayments
230
202
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
1,282,199
60,152
Taxes and social security
41,877
32,521
Other creditors
486,704
512,142
Barron Developments Wessex Limited
Notes to the Accounts
for the year ended 30 September 2025
8
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
695,513
1,977,712
Aggregate of amounts that fall due for payment after five years
-
1,737,105
The loans are secured by way of a legal charge on properties owned by the company.
9
Average number of employees
During the year the average number of employees was 0 (2024: 0).